Full-Time

Risk Officer I

Business and Technology Continuity Management, Btcm

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior, Expert

Charlotte, NC, USA + 1 more

More locations: Atlanta, GA, USA

Category
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor's Degree or an equivalent combination of education and experience.
  • 10 years of banking or related management experience.
  • Possess and demonstrate BC/DR knowledge, aptitude, and leadership.
  • Excellent interpersonal and communication skills, demonstrating the ability to interact with and influence management and business partners effectively.
  • Strong organizational, project management, and decision-making skills.
  • Knowledge of the industry's competitive landscape and an understanding of the market and regulatory factors that shape the industry.
  • Adept with Microsoft Office products.
  • Master of Business Administration, Risk Management, or relevant Master's degree (Preferred).
  • Professional accreditation in BC/DR industry, such as Certified Business Continuity Professional (CBCP) or Master Business Continuity Professional (MBCP) (Preferred).
  • Graduate of Leadership Development Program, Banking School, or equivalent industry training program (Preferred).
  • Experience working for or with (significant interactions) regulatory agencies (FRB, OCC, FDIC) (Preferred).
  • Experience with new Corporate BTCM risk programs or initiatives (Preferred).
Responsibilities
  • Serve as a subject matter expert and provide guidance and governance to business units and technology partners for the BC/DR processes.
  • Support and maintain BTCM program policy and governance structure & routines in alignment with enterprise guidance.
  • Plan, organize, coordinate, and manage work of resources within assigned area of responsibility to meet division, department, and enterprise goals.
  • Provide recommendations for improving efficiencies and effectiveness to meet department and company business needs.
  • Establish and maintain strong working relationships with key business partners.
  • Stay abreast of emerging issues related to Risk Management including third party, business continuity, disaster recovery and other relevant disciplines and incorporate new learning into work processes.
  • Apply a comprehensive understanding of how the organization operates to solve technical, operational, and business problems.
  • Use metrics, reporting and data analytics to exercise judgment and identify innovative solutions.
  • Interact with business unit leadership and functional partners on a daily basis. Works independently with minimal guidance.
  • Assist BTCM leadership team with preparing for and responding to internal audit requests and/or external regulatory examinations.

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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