Full-Time

Audit Manager

Treasury & Liquidity

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid, Senior

Charlotte, NC, USA

Category
Auditing
Risk Management
Finance & Banking
Accounting
Required Skills
Data Analysis
Requirements
  • Bachelor’s degree in accounting, business or related field or equivalent education and related training or experience.
  • Six to eight years of banking, auditing or other relevant experience related to area of responsibility.
  • Strong knowledge, ability and expertise in audit and other areas of banking and financial services.
  • Strong understanding of risk management and process concepts.
  • Strong analytical, facilitation, and interpersonal skills.
  • Demonstrated ability to grasp and communicate the underlying concepts in complex information.
  • Demonstrated ability to identify and communicate root causes of problems.
  • Demonstrated ability to formulate and communicate solutions based on a synthesis of information.
  • Strong written, verbal and negotiating skills.
  • Demonstrated strong proficiency in computer applications and proven experience with tools such as Microsoft Office software products.
  • Strong project management and advisory skills.
Responsibilities
  • Serve as Engagement Manager of high risk and more complex audit engagements by planning, scoping and developing the test plan, including incorporating the use of data analytics. Effectively allocate resources and individuals in accordance with skills and schedules, to complete assignments within budget.
  • Set clear quality expectations based on Truist Audit Services standards and analyze/review process documentation to evaluate effectiveness and efficiency.
  • Develop meaningful, relevant, and well-supported audit reports that align with Truist's risk appetite framework and present these reports to key department stakeholders.
  • Identify substantive and material issues that go beyond paperwork shortcomings. Ability to look beyond the obvious; finds solutions, not just problems.
  • Provide coaching and guidance in development of junior team members by taking an active role in training and mentoring.
  • Demonstrate effective challenge by providing deep subject matter knowledge industry related knowledge to support business partnership efforts.
  • Manage timely and quality delivery of multiple tasks, including audits, projects and special assignments. Provide advisory services, as necessary, in the implementation of new systems, processes and changes to existing systems, standards and procedures.
  • Ability to work independently while exercising judgement in risk-based assessments difficult or complex nature.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service, aiming to reduce overhead costs for RIAs. The company's goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and market reach.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from Betterment and Wealthfront could erode Altruist's market share.
  • Rapid tech advancements may strain Altruist's resources if not managed well.
  • Integration with third-party providers may lead to data security vulnerabilities.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and automated rebalancing.
  • Altruist provides original content, offering actionable insights for independent financial advisors.

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