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Full-Time

Credit Standards and Training Portfolio Risk Officer II

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Orlando, FL, USA + 3 more

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

Category
Risk Management
Finance & Banking
Required Skills
Communications
Management
Requirements
  • Bachelor's degree in Business, Economics or Accounting, or equivalent education and related training
  • Ten years of banking experience in various commercial roles, or related experience
  • Demonstrated ability to handle multiple priorities under time constraints
  • Comprehensive knowledge of business credit underwriting and processes
  • Experience interacting with Senior Leadership
  • Strong leadership skills, demonstrated by either direct or indirect leadership
  • Excellent independent thinking and decision-making skills
  • Excellent organizational, interpersonal, critical thinking, communication, and facilitation skills
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Responsibilities
  • Identify and analyze trends in portfolio risk, through interaction with Commercial/CIG and Credit Risk Teammates and assignments
  • Develop and implement training and/or communication related to credit risk initiatives such as changes in policy, procedures, and processes; directly, and indirectly through the management of a team of portfolio risk officers
  • Provide leadership and prioritization for initiatives assigned to the team and/or direct reports; provide ongoing feedback and coaching to team members to encourage technical and interpersonal skill development that will enhance opportunity for career progression
  • Establish and maintain strong working relationships with key line of business partners to successfully lead, participate in working groups, or collaboratively manage initiatives to improve and ensure successful execution of Commercial/CIG Credit Delivery and Credit Risk processes, including in-depth analysis of issues and requirements, business process design and documentation, system and technical solutions, assessment of impacts across internal departments and functions, and change management strategies
  • Serve as a subject-matter expert for wholesale credit risk processes to support Commercial/CIG and Credit Risk Teammates through change management, and ongoing once changes have been implemented, with ability to evaluate and solve for impacts caused by system or regulatory changes
  • Effectively communicate with all levels of the organization from informing leadership and stakeholders on portfolio risk monitoring trends and wholesale credit risk training initiatives, to educating impacted teammates on forthcoming implementations
  • Management of the various reporting, governance, and risk oversight activities for wholesale credit risk leadership (e.g. Archer and Issues Management, Business Impact Analysis, SharePoint management)
  • Ensure individual and/or team assignments are properly documented, tracked and reported as necessary. Identify and escalate potential risk to timeline and/or completion, and assist team with determining appropriate steps to ensure success

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

5%

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.
INACTIVE