Full-Time

Audit Senior Director

Capital Markets & Investment Banking

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

Category
Corporate Finance
Risk Management
Finance & Banking
Requirements
  • Bachelor’s degree in finance, economics, or business-related field, or equivalent education and related training or experience.
  • Twelve years of progressive audit, risk, or examiner experience with a significant portion in the financial services industry, preferably with a large financial services firm.
  • Advanced knowledge of banking, risk management, and audit practices with strong understanding of broader risk impacts.
  • Expert comprehensive knowledge and demonstrated ability to identify and evaluate actual and potential risks facing large, complex, banking organizations and establishing effective, dynamic audit plans and scopes responsive to such risks.
  • Demonstrated strong ability to work strategically, comfortable seeing and defining the “big picture” while leading and executing detailed tasks.
  • Demonstrated excellent leadership skills leading teams or large scale projects in internal auditing within a large bank.
  • Strong verbal and written communication skills with the ability to influence and effectively communicate with senior and executive management and other stakeholders.
  • Appropriate professional certification, such as, but not limited to, Certified Internal Auditor, Certified Information Systems Auditor, or Certified Public Accountant.
Responsibilities
  • Oversee multiple audit teams to ensure the development of a comprehensive, dynamic audit assurance program for assigned business units (BU). Ensure audit activities and assigned responsibilities are performed in a high quality manner and on a timely basis.
  • Lead Audit Directors and audit teams while assuming overall responsibility for the successful completion of a dynamic audit plan for assigned BUs. Effectively oversee teams to ensure performance measures and metrics are established and met. Provide leadership in the coaching and development of staff.
  • Proactively develop and maintain mutually beneficial working relationships with senior management of assigned BUs.
  • Oversee teams to ensure the planning, scoping and execution of audit activities are within the framework established by the department's policies and audit methodology.
  • Oversee the comprehensive analysis of systems, processes and controls to determine the adequacy of the design and operating effectiveness of internal controls and compliance with laws, regulations, and corporate policies.
  • Understand and evaluate broader risks present in BU coverage areas by applying deep and broad business acumen in assigned areas of responsibility.
  • Review and approve audit reports, ensuring they are accurate, clear, concise and relevant such that recipients readily understand issues and risks.
  • Evaluate and challenge risk assessments and ensure appropriate aggregation, correlation, and analysis of business monitoring activities to identify potential changes impacting risk profiles.
  • Leverage expert risk management or internal audit knowledge to assess relevance of audit findings, potential exposures, materiality and demonstrate awareness of big picture issues with impacts to the business and the bank overall.
  • Serve as an audit subject matter expert for assigned BUs, and continually monitor trends and developments in the auditing profession and banking industry.

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. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces 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

24%

1 year growth

40%

2 year growth

73%
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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