Full-Time

Associate General Counsel II

Litigation

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Charlotte, NC, USA

Requires onsite presence in Charlotte, NC for at least four days a week.

Category
Legal
Legal & Compliance
Requirements
  • Juris Doctorate degree from an ABA accredited law school and licensed to practice law in good standing
  • Ten years of post-bar experience in a law firm, government, and/or corporate settings.
  • Possess effective personnel management skills
  • Possess superior written and verbal communication skills
  • Ability to prioritize matters, utilize time management skills, and move between matters fluidly
  • Ability to handle a heavy workload, manage stress effectively and meet critical deadlines
  • Able to work autonomously without close supervision
  • Team-oriented mentality and excellent interpersonal skills
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Responsibilities
  • Manage team responsible for defending portfolio of consumer lending cases, providing direction and supervision of attorneys and paralegals regarding support on active matters, cases, or projects and overall strategic goals.
  • Manage a wide variety of consumer lending litigation (including arbitrations, subpoenas, pre-litigation disputes and trials) for the Truist family of companies to protect the company and its brand, with a focus on mortgage, retail lending and bankruptcy litigation. This includes assessing legal risk posed by matters, working to develop and execute litigation strategy, managing discovery efforts (including working with the eDiscovery team), and collaborating and coordinating with other key stakeholders such as line of business clients, risk management, insurers, finance, and other legal teammates.
  • Drive case strategy and collaborate with outside counsel on fact development, discovery, briefing, oral argument, settlement negotiations, trials or arbitrations, and budget management in compliance with outside counsel guidelines.
  • Provide cross-functional support and counseling to line of business clients and other attorneys within the Legal Department on efforts to mitigate legal and litigation risk for the company. Keep abreast of legislation, regulations, and case law developments that affect the company and the banking industry in area of practice.
  • Prepare and review litigation-related documents, represent the company in litigation or arbitrations, perform legal research and analysis, and maintain files and records.

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 lower costs. Unlike competitors, Truist provides these services for free and monetizes through a custodian service that helps RIAs reduce overhead. 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

24%

1 year growth

38%

2 year growth

74%
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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