Full-Time

Cybersecurity Cost Manager

Posted on 11/16/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Raleigh, NC, USA

Category
Cybersecurity
IT & Security
Requirements
  • Bachelor’s degree preferably in regulatory affairs, business, organizational or compliance law, or financial services
  • Ten years related experience at a large financial institution performing legal, compliance, or other duties such as risk management and/or project management
  • Ability to lead projects of moderate complexity and notable risk exposure.
  • Strong knowledge on cybersecurity risks, frameworks, best practices and industry/regulatory requirements. Knowledge and experience in use of cyber security governance programs.
Responsibilities
  • Partners to develop business cases and strategies for budgeting, planning, and tracking expense.
  • Directs and oversees relationships with business owners and technology leads to support overall funding needs.
  • Ensures that program activities are on track to deliver appropriate ROI and enterprise benefits.
  • Ensures implementation and oversight of appropriate risk management plans for program initiatives in area of responsibility.
  • Monitors and challenges performance of current systems and processes. Identifies and advocates for solutions designed to deliver value and mitigate risk as appropriate.
  • Analyzes and collectively manages variances to the plan and overall CISO organization and makes recommendation and/or creates action plan to mitigate negative variances or to resolve issues.
  • Articulates overall performance and initiatives via dashboard reporting for use by key executives.
  • Guide CSIO organization through the resource approval process in coordination with the Finance organization.
  • Partner across the teams to define and scope projects and complete RFPs to contractually execute on those programs across Truist.

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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