Full-Time

Commercial Card Strategic Initiatives Lead

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 + 1 more

More locations: Atlanta, GA, USA

Category
Commercial Banking
Finance & Banking
Requirements
  • The successful candidate must be both a leader and a team player, working with solutions team members, solutions sales and relationship management, and functional teams, like bank card operations and information technology
  • Working knowledge (client value/processes, operational, technical) of cash management or commercial card solutions
  • 8-10+ years of experience in Commercial Card or Treasury and Payments
  • Role will have regular interaction with other Truist teams so some travel should be expected
  • Some knowledge of card industry players and ecosystem, as well as industry networks
  • Communication and interpersonal skills, and senior management presence, are critical to success in the role, given the level of cross-team and client/sales engagement involved, and senior management exposure
  • The candidate should be able to work independently and in multi-dimensional teams equally effectively, be creative, and be a critical thinker
  • Role requires a demonstrated self-starter that works well independently and creates own path to influence high-level metrics like revenue growth, sales growth and product profitability
  • Bachelor's Degree
Responsibilities
  • Meet regularly with sales and relationship management to determine client demand for new solutions
  • Develop and communicate short-term and long-term commercial card solutions strategy to key stakeholders
  • Lead Commercial Card product planning and investment portfolio planning processes
  • Assemble and guide project working groups. Must have strong initiative and confidence to lead workshops and meetings
  • Lead working groups of product managers and key stakeholders to rank new solutions capabilities that satisfy business line strategies. Use these ranked capabilities to develop business cases for project requests
  • Lead discussions to develop and maintain a strategic program roadmap, priorities, project plans and milestones by work-streams
  • Use business cases or other tools to model profitability of products and adjust pricing accordingly
  • Lead strategic projects as assigned

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 and monetizes 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

N/A

Growth & Insights
Headcount

6 month growth

24%

1 year growth

38%

2 year growth

74%
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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