Full-Time

Capital Markets Operations Specialist III

Posted on 10/7/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid, Senior

Goldsboro, NC, USA + 1 more

More locations: Charlotte, NC, USA

Category
Sales & Trading
Finance & Banking
Requirements
  • BS/BA Degree, or equivalent education and related training or 5-8 years related experience
  • Understanding of Microsoft Office software, especially Excel. May be required to demonstrate proficiency
  • Excellent interpersonal, time management and problem solving skills
  • Demonstrated technical expertise of select capital markets products and technologies
Responsibilities
  • Process transactions as specifically required by job function and work independently to complete daily tasks within specified time parameters.
  • Interact with clients, teammates from the LOB and other support teammates to process requests and resolve issues
  • Ensure functional procedures and controls are being followed and maintained

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 and monetizes through a vertically-integrated custodian service, aiming to reduce 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

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and market reach.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from Betterment and Wealthfront could erode Altruist's market share.
  • Rapid tech advancements may strain Altruist's resources if not managed well.
  • Integration with third-party providers may lead to data security vulnerabilities.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and automated rebalancing.
  • Altruist provides original content, offering actionable insights for independent financial advisors.

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