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Full-Time

Assistant General Counsel

Cyber

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

Preferred locations are Charlotte, NC; Atlanta, GA; or Richmond, VA.

Category
Legal
Risk & Compliance
Legal & Compliance
Required Skills
Communications
Requirements
  • Juris Doctorate degree from an ABA accredited law school and licensed to practice law in good standing
  • Minimum 5 years of post-bar legal experience, including contract negotiation and legal work related to cybersecurity, data protection, and/or privacy.
  • Strong background in state and federal laws and regulations related to cybersecurity and data protection, especially those relevant to the financial services industry (e.g., GLBA, FCRA/FACTA, and NYDFS Cybersecurity Regulation).
  • Proven self-starter willing to work independently and take on responsibility
  • Possess strong written and verbal communication skills
  • Ability to prioritize matters, utilize time management skills, and move between matters fluidly
  • Ability to handle a dynamic workload and meet critical deadlines.
  • Team-oriented mentality and excellent interpersonal skills.
  • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.
Responsibilities
  • Providing support to Truist’s Legal Department and lines of business, including Corporate Cyber Security, on matters relating to cybersecurity and data protection.
  • Oversee and/or handle the negotiation of cybersecurity, data protection, and related privacy language in third-party contracts and other types of agreements entered into by Truist, including within the Information Security and Privacy exhibits to the bank’s Master Services Agreement.
  • Responsible for assessing legal risk, providing legal advice relating to routine matters, helping respond to cyber incidents, and resolve legal problems which may represent potential exposure to Truist, including advising on data breach notification requirements.
  • Keep abreast of and analyze legislation, regulations, and case law developments relating to cybersecurity and data protection that affect Truist and the financial services industry.
  • Serve as an individual contributor but may provide ad hoc work direction and leadership to other legal staff regarding support on active cases or projects.

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

8%

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.