Full-Time

LOB Strategic Execution and Business Management Lead

Posted on 11/6/2024

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
Project Management
Strategy Development
Business Development
Business & Strategy
Required Skills
Communications
Marketing
Requirements
  • 12+ years overall experience and background in strategic planning, consulting, and investment banking preferred
  • Prior experience and/or understanding of Wholesale Banking fundamentals, including product and service capabilities, organizational structure and alignment, and internal process/systems/data
  • 4+ years of credit, portfolio, and/or relationship management experience
  • Strong knowledge and experience in strategic planning and execution, including creating and executing comprehensive plans associated with business mergers, conversions, product changes, technology releases, policy changes, and line of business strategic plans
  • Strong critical thinking skills combined with strategic business focus
  • Proven ability to cultivate strong relationships and execute growth initiatives across lines of business including commercial banking, commercial real estate, corporate & investment banking, and wealth management
  • Ability to influence, partner, and negotiate with senior business leaders to resolve conflicts and gain commitment to accomplish business goals
  • Demonstrated experience fostering strong partnership, promoting teamwork, and building an inclusive culture
  • Ability to articulate issues, risks, and proposed solutions to various levels of staff and management
  • Sense of urgency and ability to multi-task and manage competing projects in a deadline-driven environment
  • Excellent verbal, written, and interpersonal communication skills
  • Passion for results and personal accountability for achievement
  • Ability to translate and present complex data in a manner that educates, enhances understanding, and influences decisions
  • Advanced skills in data visualization and storytelling
  • Ability to successfully operate in a complex and matrixed environment
Responsibilities
  • Working with the LOB leader to develop business strategy and drive performance
  • Serving as a trusted advisor and extension of leadership in providing vision, direction, and expertise to identify, prioritize, and execute initiatives and key deliverables
  • Leading meetings, advisory councils, and steering committees to facilitate decision-making and support implementation of recommendations aligned with LOB objectives
  • Driving the agenda and approach for operating routines including LOB leadership meetings and business reviews
  • Preparing presentations for LOB leader, including regular town halls, leadership meetings, and leadership offsites
  • Executing on 'run the business' activities including meetings, events & client engagement, business overviews, headcount tracking and management, HR initiatives, etc.
  • Partnering with functional partners including finance, HR, credit & risk management, legal & compliance, marketing & communications, events, and technology
  • Partner with leadership, HR, and sales enablement teams to ensure compensation & incentive structures are aligned to business strategies
  • Creating a culture of collaboration and trust through frequent and transparent communication, professionalism, and respect

Truist offers a platform for Registered Investment Advisors (RIAs) to streamline their operations and improve client experiences. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service. The company's goal is to empower RIAs to grow their businesses and enhance client interactions.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

37%

2 year growth

72%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth and innovation potential.
  • Partnerships with Orion and Kwanti enhance Altruist's platform integration and service offerings.
  • Increased demand for digital transformation in financial services aligns with Altruist's tech solutions.

What critics are saying

  • Competition from firms like Betterment and Wealthfront pressures Altruist to innovate continuously.
  • Integration with Orion and Kwanti may pose operational risks if not seamless.
  • New digital fixed-income trading could attract regulatory scrutiny if compliance is lacking.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free trading and an automated rebalancer for cost-effective solutions.
  • Altruist's model marketplace provides personalized investment strategies, catering to diverse client needs.

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