Full-Time

Wholesale Payments Associate

Client Commercialization

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid

Charlotte, NC, USA + 1 more

More locations: Atlanta, GA, USA

Category
Treasury
Finance & Banking
Required Skills
Market Research
Data Analysis
Requirements
  • Bachelor's degree
  • 3+ year(s) of related financial work experience
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
  • Master's degree in Business, Data Analysis or related field, or equivalent education and related training (Preferred)
  • Certified Treasury Professional (Preferred)
Responsibilities
  • Work closely with Treasury Solutions teammates and leadership to support or identify initiatives that create value for Truist. This could include market research and product development initiatives, optimization of existing products, vendor/cost management, pricing initiatives or market positioning projects
  • Independently design or complete client-based, product-based and other analysis including profitability, billing and other items requiring strong excel skills. Leverage and support junior talent to develop efficient analysis skills
  • Assist with business development by supporting new product development, existing product optimization, pricing and proposal efforts or other initiatives specific to their group. Contribute proactively and vet ideas independently and thoughtfully propose them to manager for discussion
  • Create, review and manage product or team content to ensure it is up to date and being leveraged by teammates effectively. Identify gaps in content or training and proactively work to resolve them
  • Design and/or prepare monthly and other reporting to provide insight into product usage, profitability and deal outcomes. Capable of creating reporting for senior leaders with limited oversight. Add observations and call outs to effectively communicate report purpose. Ability to predict key questions and proactively address them
  • Manage policies and procedures that govern processes including supporting education of teammates that are part of the process, updating and improving the processes and completing annual reviews of processes. Proactively make changes to keep documents up to date and identify process weaknesses that can be continuously improved
  • Build and maintain strong internal partnerships across Treasury Solutions and outside of the treasury organization; work as liaison between groups to manage expectations, move strategic initiatives forward and implement changes
  • Provide guidance, oversight and development opportunities for Analysts
  • Adhere to and follow all applicable policies and procedures. Proactively escalate issues and risks to leadership's attention

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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