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Full-Time

GCO Senior Risk Program Execution Manager I

Wholesale

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Atlanta, GA, USA

Category
Risk Management
Finance & Banking
Required Skills
Communications
Management
Requirements
  • Bachelor’s degree in Business, Finance or science/academic field, or equivalent education and related training or experience.
  • Five years of risk management experience in financial services or related field.
  • Five years or more of leadership experience.
  • 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
  • Lead a team of risk professionals to effectively deliver and monitor the responsibilities related to business/GCO adherence to operational and enterprise risk management (ORM) and (ERM) programs.
  • Execute on change and regulatory change risk, external events, data, model, third party and cyber risk in support of the assigned business unit. Provide leadership, 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.
  • Coach and develop 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

8%

1 year growth

19%

2 year growth

46%
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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.