Full-Time

GCO Senior Risk Advisor II

Small Business Banking

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Richmond, VA, USA + 2 more

More locations: Charlotte, NC, USA | Atlanta, GA, USA

Category
Risk Management
Finance & Banking
Requirements
  • Bachelor’s degree in Accounting, Business, Finance or related field, or equivalent education and related training
  • Ten years of experience in a financial institution with emphasis on risk management, audit, operations, process engineering or line of business specialty and/or equivalent education, training and experience.
  • Experience in compliance and operational risk mitigation and remediation
  • Strong communication, interpersonal, presentation and negotiation skills
  • Proven leadership and management skills
  • Strong analytical, problem solving and decision making skills in complex environments and with senior leadership
  • Strong time management and organizational skills adaptable to a dynamic and complex work environment; Capable of handling multiple projects concurrently
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
  • Ability to travel, occasionally overnight
Responsibilities
  • Engage with Business Unit leadership in its management of risks and controls as well as its execution of risk program requirements.
  • Execute, facilitate and/or monitor execution of Risk Program requirements (e.g., RCSA, KRIs, etc.) within the Business Unit and BURM.
  • Provide strategic insight, risk advice and influence to assigned Business Unit.
  • Concur with material risk taking by the Business Unit and escalate unacceptable risks.
  • Aggregate, integrate, correlate and report risks for assigned Business Unit.
  • Present risk aggregation, key risks and emerging risks to senior Business Unit Leadership.
  • Identify and opine on remediation to address weaknesses related to inadequate or failed processes, people, and systems, or external events and ensure effective remediation.
  • Provide strategic and tactical effective challenge for all risks present within the Business Unit (BU).
  • Concur with key risk decisions and escalate unacceptable or key emerging risks to BU CRO and/or Business Unit Risk Committee.
  • Guide risk-taking behavior. Provide counsel and advice to BU and senior BU leaders.
  • Monitor risk exposures, concentrations and limits. Ensure risk levels stay within risk appetite.
  • Opine on new or revised risk program requirements to confirm they are consistent with the Bank’s risk appetite, regulator expectations and industry standard.
  • Identify areas of opportunity to improve risk visibility within BU; develop and implement plan to transform opportunity into new processes and activities.
  • Assist in the development and opine on Risk Appetite Framework metrics and Key Risk Indicators within the BU as well as those defined by the BU for implementation across Truist (where applicable).
  • Advocate the Bank’s risk culture, compliance with enterprise risk initiatives and promote sound risk management practices.
  • Provide connectivity between the output of risk programs as appropriate. Coordinate with stakeholders to resolve highly complex or challenging issues.
  • Advise on the effectiveness of BU risk and control environment.
  • Provide direction and guidance in the development of controls and governance mechanisms within the BU.
  • Execute, facilitate and monitor risk governance mechanisms, including but not limited to, Compliance Risk and Control Self-Assessment (C-RCSA), Risk and Control Self-Assessment (RCSA), key risk indicators, policies, risk committees and other elements of the Enterprise Risk Framework.
  • Monitor issues (all types) assigned to BU, as well as those that have downstream or upstream impact to the BU, and ensure appropriate remediation.
  • In conjunction with Compliance Risk Management and Legal, monitor BU adherence to applicable policies, laws and regulations.
  • Aggregate, integrate, correlate and report risks.
  • Test controls to confirm design is adequate and they are operating effectively.
  • Communicate to BU senior leadership, regulators and Executive Committees key activities, trends, and events pertaining to risk, regulatory and audit reviews.
  • Continue to promote various risk initiatives and their supporting metrics.
  • Develop and maintain effective ongoing communication with other leaders in the BU and leaders of relevant BUs.
  • Foster a spirit of continuous improvement and offer recommendations to refine and/or enhance Business Unit and the Risk Management processes as necessary.
  • Make recommendations for assigned personnel regarding employment, career development, performance evaluations, salary changes, promotions, transfers and terminations within established policies and guidelines.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free, monetizing through a vertically-integrated custodian service that reduces 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

24%

1 year growth

40%

2 year growth

73%
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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