Full-Time

RMO GCO Risk Program Execution Consultant III

Posted on 10/23/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid, Senior

Goldsboro, NC, USA + 3 more

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

Addresses: 214 N Tryon, Charlotte, NC; 1001 Semmes Ave, Richmond, VA; 303 Peachtree Ave, Atlanta, GA; 2713 Forest Hills Road, Wilson, NC.

Category
Risk Management
Finance & Banking
Required Skills
Data Analysis
Requirements
  • Bachelor’s degree in Business, Finance or science/academic field, or equivalent education and related training or experience
  • Five years of risk management experience in financial services or related field
  • Broad risk and regulatory knowledge with an emphasis on: Credit, Market, Liquidity, Compliance, Operational, Reputation and Strategic Risks
  • Strong leadership and communication skills
  • Ability to think critically and strategically, multi-task, and drive change
  • Strong quantitative, governance, and analytic abilities
  • Ability to provide effective challenge to senior levels of leadership
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
  • Ability to travel, occasionally overnight
  • Issues program execution, issue validation, audit, and/or assurance experience (Preferred)
  • Master’s degree in Business, Finance or equivalent science/academic field (Preferred)
  • Financial Risk Manager (FRM)/Certified Financial Analyst (CFA) or equivalent advanced risk certification (Preferred)
  • Proficiency in the Archer GRC (Governance, Risk, and Compliance) application (Preferred)
Responsibilities
  • Execute on change and regulatory change risk, external events, data, model, third party and cyber risk in support of the assigned business unit. Provide monitoring and governance over issues management.
  • Influence, participate in the development and maturation of the firm’s risk programs to meet with regulatory expectations.
  • Serve as a subject matter expert for ORM and ERM programs, providing effective challenge as necessary to program updates, changes. Participate in all applicable working groups for the risk programs.
  • Communicate, train and monitor adherence of business partners and GCO teammates for changes in risk programs; provide coaching on effective execution, sharing best practices where applicable.
  • Act as a conduit between the GCO, first line teammates and second line risk program owners/risk partners.
  • Deliver/Influence recommendations for updates to relevant policies and procedures for risk program execution.
  • Establish working relationships with line of business leaders and second line, third line of defense risk partners.
  • Communicate and present materials in various leadership forums, committees.
  • Mentor teammates within the risk execution team.

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 and 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 experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent $169M funding round boosts Altruist's growth and development potential.
  • Partnership with Orion Advisor Solutions enhances data analytics capabilities for RIAs.
  • Digital fixed-income trading addition broadens Altruist's platform offerings.

What critics are saying

  • Competition from firms like Betterment and Wealthfront may impact Altruist's market share.
  • Rapid tech advancements require constant updates, straining Altruist's resources.
  • Integration challenges with third-party providers could disrupt Altruist's services.

What makes Truist unique

  • Altruist offers commission-free fractional share trading, a unique feature for RIAs.
  • The platform provides a vertically-integrated custodian service, streamlining RIA operations.
  • Altruist's fast onboarding and original content enhance the client experience for RIAs.

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