Full-Time

Market President II

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Expert

Tampa, FL, USA

Category
Commercial Banking
Finance & Banking
Requirements
  • Bachelor's degree or equivalent education in business, finance or related field
  • Minimum of 10 years of lending and/or commercial underwriting experience
  • Minimum of 5 years of management/supervisory experience with emphasis on Bankers/Relationship Managers or Portfolio Managers
  • Strong understanding of commercial credit including underwriting, loan structuring, and pricing for the most complex deals
  • Demonstrated ability to be strategic minded and engage in dialogue with C-suite clients to ascertain short/long term needs and identify solutions to meet needs; and, the ability to coach and teach others the same
  • Strong verbal and written communications skills; interacts frequently with C-suite clients and leads Community Advisory Board meetings
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
  • Master’s degree or MBA (Preferred)
  • Prior management/supervisory experience leading a team of Commercial or Middle Market Bankers (Preferred)
Responsibilities
  • Serve as primary sales leader and coach for a team of 5 or more Commercial Bankers across the largest multiple markets to ensure the Commercial Community Bank strategy is being actualized through the effective execution of sales practices and processes, adherence to the Truist risk culture and revenue goal attainment (loans, deposits, FBR)
  • Partners with the Commercial Bankers to vet client prospects through a proactive client planning approach and coaches the Bankers to develop and execute a focused marketing plan based on the client’s short/long term needs
  • Sets clear expectations for performance and coaches Commercial Bankers to integrate key partners across the Truist organization into the client conversations to better understand needs and provide holistic solutions
  • Leverages multiple resources and tools (e.g. Financial Insights) to enable the Commercial Bankers to bring a differentiated experience to the client through a strategic advisory approach in order to obtain insights into the short/long term client needs
  • Leads sales meetings and holds 1:1 discussions with Commercial Bankers to reinforce expectations, obtain feedback and review the sales activity and results of the team and the Bankers
  • Responsible for ensuring adequate data integrity and risk management controls are adhered to and are in alignment of the Bank’s policies and program requirements
  • Responsible for hiring and developing talent and providing coaching and feedback that enables the team to achieve their goals and expectations and demonstrate the capabilities that are needed to carry out the Commercial Community Bank’s strategy
  • Responsible for the management of multiple Cost Centers within the markets served; this requires annual budgetary planning and plan adherence throughout the year
  • Responsible for the selection, coordination, and leadership of the Community Advisory Board and activities; required to act as the senior-level Truist representative in the markets served for civic, government, professional, business, and community affairs

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, 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 vertically-integrated custodian service that reduces 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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