Full-Time

GCO Risk Program Execution Consultant II

Finance

Posted on 9/12/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid

Charlotte, NC, USA

Requires in-office presence in Charlotte, NC for four days a week.

Category
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • Bachelor’s degree in Business, Finance or science/academic field, or equivalent education and related training or experience
  • Three 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 communications 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.
  • Identify and implement best practices to drive scale, efficiency and effectiveness of all programming critical to achieve our risk goals.
  • Provide feedback into our second and third line risk partners inclusive of supporting process testing activities for new risk programming as required.

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 and serve more clients at lower costs. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces 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

5%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth and innovation potential.
  • Partnerships with Orion and Kwanti enhance Altruist's platform integration and service offerings.
  • Increased demand for digital transformation in financial services aligns with Altruist's tech solutions.

What critics are saying

  • Competition from firms like Betterment and Wealthfront pressures Altruist to innovate continuously.
  • Integration with Orion and Kwanti may pose operational risks if not seamless.
  • New digital fixed-income trading could attract regulatory scrutiny if compliance is lacking.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free trading and an automated rebalancer for cost-effective solutions.
  • Altruist's model marketplace provides personalized investment strategies, catering to diverse client needs.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Company Equity

INACTIVE