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Full-Time

Government Affairs Support Professional

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Compensation Overview

$80.5k - $90kAnnually

Junior, Mid

Washington, DC, USA

Category
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • Bachelor’s degree.
  • 2 or more years of Congressional, trade association or other experience in financial services policy related field.
  • Understanding of Congressional process, financial services policy, terminology, and principles, financial services regulatory structure, etc.
  • Basic understanding of federal regulatory rulemaking process is strongly preferred.
  • Strong analytical thinking skills with the ability to identify and define issues, establish facts, analyze complex information, and develop substantiated conclusions with minimal supervision.
  • Strong communication skills with the ability to express complex facts and principles clearly and concisely, both verbally and in writing.
  • Creative problem-solving skills with ability to identify and resolve complex problems in a timely manner seeking input of others as needed.
  • Strong leadership and relationship management skills with the ability to positively influence others and achieve desired results.
  • Ability to work effectively under pressure and meet multiple deadlines.
  • Strong organizational and project management skills; attention to detail and accuracy.
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
Responsibilities
  • Track Congressional and Regulatory activities related to financial services policy, laws and regulations.
  • Organize, review, track (as necessary), and analyze large volumes of detailed information.
  • Perform moderately complex research, apply results to facts, and develop and communicate findings.
  • Summarize matters, including regulatory proposals, hearings, speeches, and testimony.
  • Maintain and update files, forms, databases, and records, including FEC PAC related resources.
  • Interact in person and virtually on a professional level with other departments, internal and external clients, outside counsel, vendors, and others, including managers and regulators.
  • Prepare documents for production to regulators.

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 a lower cost. Unlike competitors, Truist provides these services for free, monetizing through a custodian service that helps RIAs reduce overhead costs. 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

5%

1 year growth

19%

2 year growth

46%
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.