Full-Time

Compliance Director II

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Expert

Richmond, VA, USA + 2 more

More locations: Charlotte, NC, USA | Atlanta, GA, USA

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Requirements
  • Bachelor’s degree in Business, Economics, Finance, or Accounting, or an equivalent combination of education and work experience
  • Fifteen years of financial industry experience, including extensive compliance/risk management and leadership/managerial experience
  • Substantial broad-based knowledge and experience in applying laws and regulations, designing, managing and overseeing compliance programs and processes and handling regulatory matters
  • Excellent communication and interpersonal skills, as job will require extensive interaction with various business units among multiple disciplines including Senior and Executive Management
  • Ability to communicate and work with various regulatory agencies
  • Attention to detail, accuracy and the ability to manage multiple tasks and deadlines
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
  • Strong analytical, organizational and time management skills
  • Ability to conceptualize and assist in building technology into compliance processes in order to gain efficiency and enhance the strength of the Compliance Management System
  • Solid understanding of risk management processes and risk analysis
  • Advanced knowledge of broad-based compliance regulations
Responsibilities
  • Developing and maintaining a robust compliance program, with a focus on compliance with all laws, regulations, and other guidance related to assigned business and operational activities
  • Sets strategy and direction of functional area
  • Scope of coverage may include one or more large business units or compliance functions and management of other managers
  • Identifying and mitigating compliance risks proactively and maintaining a strong regulatory relationship with all applicable regulators
  • Developing sufficient internal controls to promote an effective compliance control environment
  • Performing periodic risk assessments of business and operational activities to identify compliance gaps and potential exposure
  • Partnering with business units to remediate compliance findings identified in internal and external examinations and audits
  • Providing strategic leadership to design and implement compliance standards and procedures to mitigate compliance risks and improper conduct, ensuring these standards are institutional throughout the business units, and monitoring compliance with such standards
  • Provide reports and summaries of compliance risks for aggregation up to Risk Committees
  • Keep pace of demands of business by anticipating problems, offering appropriate solutions and providing the necessary leadership to implement changes effectively
Desired Qualifications
  • Experience managing Third Party program
  • Fifteen years of compliance, legal or management experience at large financial institution
  • Certified Regulatory Compliance Manager (CRCM)

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, monetizing 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

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