Full-Time

Enterprise Data Director

Consumer and Small Business Banking

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Charlotte, NC, USA

Category
Strategy Development
Business Development
Business & Strategy
Required Skills
Data Science
AWS
Databricks
Snowflake
Requirements
  • Ten years of senior-level experience in leading teams both directly and influencing in a matrix environment. Deep experience in the development of strategy for data and implementation of roadmaps for the enterprise and experience leveraging data science, data engineering techniques and/or client analytics to develop new competitive advantages appropriate to financial and business services
  • Bachelor's degree in Computer Science, Information Systems, Business or related discipline, or equivalent education and related training
  • Understanding of financial services business processes and the role of data in compliance, risk management, finance management, and regulation (e.g. Basel II/III, Dodd-Frank, The Fair and Accurate Credit Transactions Act (FACTA)) and of internal audit and the regulatory exam process
  • Highly effective consultative leader with an undisputed presence and credibility as a result of demonstrating strong business, IT and data driven acumen, effective decision-making/critical thinking/problem solving skills, which operates with a collaborative and results orientation
  • Experience leading small to medium organizations
  • Master's degree in Data Science, Computer Science, Information Systems, Mathematics, Business or related discipline (Preferred)
  • Experience within Enterprise Data organizations preferably within a financial institution (Preferred)
  • Experience with Snowflake, Databricks, AWS, Zafin, FICO platforms (Preferred)
Responsibilities
  • Provides leadership and direction of the data management strategy within the enterprise and ensures a data management strategy specific to their function is implemented effectively, yields high degree of data quality and ensures client data protection through a robust data governance program and appropriate security controls without constricting flow of business activities.
  • Champions data as a strategic business asset and driver of revenue. Effectively communicates the value of data to Senior Leadership Teams, offering data-driven business insights that challenge and improve current products and processes and use data insights to recommend cost reduction or revenue growth opportunities.
  • Act as subject matter expert to define how LOB and EDO processes interface with one another to create maximum business value and achieve business objectives. Represent the EDO for enterprise-level projects.
  • Manages a framework to certify all risk, financial and other key data through a culture of data and a framework of accountability (i.e. Data owners, stewards etc) to regulators and executive management.
  • Partners with businesses to develop strategy to execute on key business development and business management along with best-in-class economics and while optimizing technical capabilities.
  • Operational responsibility for the integration and staging of data, and the development and maintenance of the data assets (i.e data lakes, warehouses and/or marts) and tools, for use by analysts throughout the organization.
  • Manages a culture of transparency by ensuring the purpose of data collection and management and respectful treatment of client and internal data, recognizing the importance of building trust in and outside of the organization.
  • Supports research, strategy creation and development of new data products or services to expand markets, monetize data (directly and indirectly) and grow company revenue.
  • Enable business innovation throughout the organization.

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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