Full-Time

Commercial Banker II

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid

Knoxville, TN, USA

Category
Commercial Banking
Finance & Banking
Required Skills
Financial analysis
Requirements
  • Bachelor's degree, or equivalent education and related training
  • Three to eight (3-8) years of experience
  • Clear understanding of credit and finance
  • Excellent verbal and written communication skills
  • Excellent negotiation skills
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
Responsibilities
  • Leverage the Truist Sales Process, Financial Insights, and the Industry & Advisory team to consistently deliver a differentiated client experience in all client, prospect and center of influence (COI) interactions.
  • Manage, service and grow an assigned book of commercial banking clients.
  • Execute on prospecting activities to grow new commercial banking households.
  • Understand and contribute to the credit decisioning process, including analysis and interpretation of financial statements, credit structuring, underwriting requirements, policy knowledge, risk identification and mitigation, all in accordance with the Truist credit risk appetite.
  • Focus on driving continual improvement in portfolio revenue growth and new production revenue.
  • Proactively contact clients to fully develop commercial banking relationships by executing on Integrated Relationship Management (IRM) principles.
  • Include the identification of all business and personal financial needs and bring in the appropriate partners to deliver Truist solutions.
  • Monitor, maintain and update sales activity, pipeline, and other pertinent information using the Bank’s client relationship management (CRM) system.
  • Execute on all risk, operational, policy and quality expectations related to assigned client portfolio.

Truist offers a platform for Registered Investment Advisors (RIAs) to enhance their operations and client interactions. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to serve more clients efficiently. Unlike competitors, Truist provides these services for free, monetizing through a custodian service that helps RIAs reduce costs. The goal is to empower RIAs to grow their businesses and improve 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 Altruist's platform capabilities.
  • Increased demand for digital transformation supports Altruist's tech-focused solutions.

What critics are saying

  • Competition from Betterment and Wealthfront may erode Altruist's market share.
  • Continuous platform updates may increase operational costs for Altruist.
  • Integration challenges with Orion and Kwanti could impact user satisfaction.

What makes Truist unique

  • Altruist offers commission-free fractional share trading, unlike many competitors.
  • The platform includes a model marketplace and automated rebalancer for RIAs.
  • Altruist provides original content for financial advisors, enhancing their client engagement.

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