T

Truist Bank

Runs banking and lending for people and businesses

Associate Services Operations Manager 2

Full-TimeUpdated on 10/24/2026
No salary listed
Expert
Bachelor's
St. Petersburg, FL, USA
In Person
Risk & ComplianceInternal Audit & Controls, Regulatory Compliance & Ethics

About the job

Requirements
  • A bachelor's degree in banking, finance, or a related field, or equivalent education and related training.
  • Ten years of management experience and experience in client services, operations, compliance, regulatory matters, and risk in the financial industry.
  • Strong working knowledge of overall bank operations and payment processing.
  • Ability to evaluate information against bank policy, procedures, and internal processes; assess client needs, weigh risk, and determine an equitable solution.
  • Ability to work independently and as a team member.
  • Ability to make independent decisions and establish work priorities.
  • Ability to manage multiple projects and meet strict deadlines.
  • Ability to adapt to and function in a changing environment.
  • Experience with vendor management and contracts.
  • Excellent written and verbal communication skills to handle frequent contact with internal and external clients.
  • Ability to work and communicate with all levels of personnel within the organization.
  • Above-average organization, time-management, and analytical skills to gather and interpret complex data and find solutions to unusual or challenging problems.
  • Ability to manage a high volume of emails.
  • Demonstrated proficiency with computer applications, such as Microsoft Office products.
Responsibilities
  • Administer and coordinate operational activities for Association Services, including compliance, risk, and regulations.
  • Perform supervisory responsibilities, including training, providing feedback and coaching, and conducting performance reviews.
  • Plan and direct activities to maintain appropriate staffing and production levels to meet deadlines and client expectations.
  • Serve as First Line of Defense Business Unit Risk Administrator, coordinating end-to-end Risk and Control Self-Assessment implementation.
  • Determine risk appetite and implement controls that mitigate risk while meeting client and non-client needs.
  • Evaluate, create, and implement processes to comply with regulatory and bank policy requirements.
  • Review bank policies and standards and create written procedures or instructions supporting client and non-client needs within corporate guidelines and ASD risk appetite.
  • Serve as the BSA/AML/OFAC ASD Officer, ensuring business-unit regulatory compliance by working with teammates and Financial Crimes on procedures, processes, and internal controls.
  • Lead efforts to detect and prevent money laundering, terrorist financing, and other financial crimes.
  • Self-identify, evaluate, implement, and monitor controls to reduce threats to the business unit's objectives and strategies through the Risk and Control Self-Assessment process.
  • Establish control tests and key indicators to monitor risk, and implement corrective action plans to mitigate risks.
  • Schedule meetings with the ASD RCSA Team to meet RCSA requirements.
  • Maintain the department Business Continuity Plan and conduct its annual test exercise.
  • Coordinate and communicate activities during an event and serve as Emergency Team Leader for ERP.
  • Document how new or changed regulations affect ASD processes and determine controls through Regulatory Change Management.
  • Manage ORM incidents and loss events, breaches of sensitive or restricted information, Recovery and Resolution Planning, and the NCP contract as Vendor Manager.
  • Perform department access and privileged access reviews.
  • Review processes and workflows for improvements while evaluating controls to mitigate risk.
  • Maintain a strong understanding of the business unit's products, processes, and technologies.
  • Participate in projects to enhance or create services that support department growth and revenue and maintain competitiveness.
  • Plan and conduct monthly Operations meetings and provide an agenda and notes for each meeting.
  • Review and approve operational expenses, review business-unit reports including ASD financials for trends, and prepare the annual plan and budget.
  • Provide support and solutions with department teammates to meet client needs; evaluate obstacles and determine solutions to resolve client and non-client issues.
  • Provide service to external and internal clients in a non-client-facing environment across the footprint.

About the company

Truist Bank runs consumer and commercial banking for households, small businesses, and larger companies across the United States. Its services connect everyday accounts and borrowing with business cash management and wealth planning through the wider Truist group. Customers manage money through branches and digital banking, while businesses use the bank to collect payments, move funds, and finance operations. It earns interest on loans and fees for banking and trust services, with brokerage and investment advice handled by separate affiliates. The Truist brand emerged from the BB&T and SunTrust merger in 2019, and the bank is headquartered in Charlotte, North Carolina.

Company Size

10,001+

Company Stage

IPO

Headquarters

Washington DC, District of Columbia

Founded

2019

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Simplify's Take

What believers are saying

  • Eligible Truist teammates gain another retirement income source: the company fully funds a defined-benefit pension.
  • Teammates get time for community work: Truist allocates 24 volunteer hours through its onboarding program.
  • Truist rewards deeper relationships: One Checking automatically increases perks across five account levels as eligible balances grow.

What critics are saying

  • Rate exposure dominates: December 2025 figures put net interest at 71% of Truist parent revenue.
  • Credit costs persist: December 2025 results show Truist's parent recorded $1.89 billion in credit-loss provisions.
  • New Truist hires wait for employer retirement contributions: eligible 401(k) matching starts after one year.

What makes Truist Bank unique

  • Truist cushions small shortfalls: qualifying One Checking customers receive a $100 overdraft buffer without overdraft-related fees.
  • Truist competes on borrowing cost: LightStream beats qualifying rival unsecured loan rates by 0.10 percentage points.
  • Truist builds leadership skills through psychology: its Leadership Institute draws on more than 60 years of training.

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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

Growth & Insights and Company News

6 month growth

6%

1 year growth

6%

2 year growth

6%
Yahoo Finance
Oct 23rd, 2026
Truist names interim wealth co-heads as Dowhower exits; unit manages $77B

Truist Financial has named Jeff Dunn and Bryan Cram co-heads of its wealth division on an interim basis. They succeed Brian Dowhower, who will step down later this year. Dunn leads Truist Private Banking, specialty wealth and institutional. Cram heads Truist Wealth Brokerage. Both will report to Kristin Lesher, chief wholesale banking officer. In July, Truist hired Shimna Sameer, formerly of Bank of America Private Bank, as head of wealth. This week the company said she will become chief consumer banking officer. Truist installed Michael Lyons, former chief executive officer of Fiserv, as president and CEO in September. He succeeded Bill Rogers, now executive chair. Truist's registered investment advisor had about $77 billion in assets under management as of December 2025.

Yahoo Finance
Oct 22nd, 2026
Truist cuts Cameco target to $125, still sees 58% upside after 38% slide

Cameco shares have fallen 38% in six months, but Truist still rates the stock a Buy. On October 22, analyst Christopher Souther cut his price target to $125 from $130. That implies 58% upside from the current price of about $79. Uranium prices have held up, but profits have not followed. Cameco's uranium earnings fell nearly 40% in the second quarter even as its realised price rose 18%, because its cost per pound climbed 36%. Analysts have cut their 2026 earnings estimate to $1.44 a share from $1.67 over 90 days. At $125, the stock would trade at about 80x forward earnings, against 52x today. Reaching the target needs a 2027 earnings jump or a Westinghouse listing. The third-quarter report in early November is the next test.

MarketScreener
Oct 21st, 2026
Westrock Coffee Completes Upsized $600 Million Five-Year Credit Facility Refinancing

New facilities provide approximately $270 million of liquidity at closing; oversubscribed syndication allowed the facilities to be upsizedTransaction Highlights Upsized facility: $600 million of new...

PR Newswire
Oct 20th, 2026
Truist to speak at BancAnalysts Association of Boston Conference.

Truist to speak at BancAnalysts Association of Boston Conference. Oct 20, 2026, 16:03 ET CHARLOTTE, N.C., Oct. 20, 2026 /PRNewswire/ - Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire and Chief Wholesale Banking Officer Kristin Lesher will speak at the BancAnalysts Association of Boston (BAAB) Conference on Thursday, Nov. 5, 2026, at 10:25 a.m. ET. A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days. About Truist Truist Financial Corporation (NYSE: TFC) is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $554 billion as of Sept. 30, 2026. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com. SOURCE Truist Financial Corporation

PR Newswire
Oct 19th, 2026
Infosys expands Truist partnership to build AI-first Hyderabad capability centre, onboarding 1,000+ staff

Infosys has expanded its collaboration with Truist, a large US financial services company, to support the build-out of Truist's AI-first Global Capability Center (GCC) in Hyderabad, India. Truist is consolidating work now handled by several suppliers in India into a single operating model. Infosys and Truist will mark the onboarding of more than 1,000 colleagues later this month. Infosys will help Truist build, scale, and transition a self-sustaining centre of excellence that combines AI, technology, data, and operations. The model aims to reduce third-party dependency and manage the complexity of global delivery. Truist chief information officer Steve Hagerman said the centre builds "not just capacity, but enduring expertise.