Full-Time

Assistant General Counsel

Cyber

Posted on 9/10/2024

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. 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 and monetizes through a vertically-integrated custodian service, aiming to reduce overhead costs for RIAs. 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

  • Altruist raised $169M in Series E funding, boosting growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and market reach.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from Betterment and Wealthfront could erode Altruist's market share.
  • Rapid tech advancements may strain Altruist's resources if not managed well.
  • Integration with third-party providers may lead to data security vulnerabilities.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and automated rebalancing.
  • Altruist provides original content, offering actionable insights for independent financial advisors.

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