Full-Time

Risk Management Organization – GCO Senior Risk Program Execution Consultant I

Rmo

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Orlando, FL, USA + 5 more

More locations: Raleigh, NC, USA | Goldsboro, NC, USA | Richmond, VA, USA | Charlotte, NC, USA | Atlanta, GA, USA

This position will sit in-office 4 days a week. No remote option available.

Category
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor’s degree in Business, Finance or science/academic field, or equivalent education and related training or experience
  • Eight years of risk management experience in financial services or related field
  • Broad risk and regulatory knowledge with an emphasis on: Credit, Market, Liquidity, Compliance, Operational, Reputation and Strategic Risks
  • Strong leadership and communication skills
  • Ability to think critically and strategically, multi-task, and drive change
  • Strong quantitative, governance, and analytic abilities
  • Ability to provide effective challenge to senior levels of leadership
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
  • Ability to travel, occasionally overnight
Responsibilities
  • Execute on change and regulatory change risk, external events, data, model, third party and cyber risk in support of the assigned business unit. Provide monitoring and governance over issues management.
  • Influence, participate in the development and maturation of the firm’s risk programs to meet with regulatory expectations.
  • Serve as a subject matter expert for ORM and ERM programs, providing effective challenge as necessary to program updates, changes. Participate in all applicable working groups for the risk programs.
  • Communicate, train and monitor adherence of business partners and GCO teammates for changes in risk programs; provide coaching on effective execution, sharing best practices where applicable.
  • Act as a conduit between the GCO, first line teammates and second line risk program owners/risk partners.
  • Deliver/Influence recommendations for updates to relevant policies and procedures for risk program execution.
  • Establish working relationships with line of business leaders and second line, third line of defense risk partners.
  • Communicate and present materials in various leadership forums, committees.
  • Mentor teammates within the risk execution team.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at a lower cost. Unlike competitors, Truist provides these services for free, monetizing through a custodian service that helps RIAs reduce overhead costs. The 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

N/A

Growth & Insights
Headcount

6 month growth

10%

1 year growth

19%

2 year growth

51%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

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