Director, Mutual Funds



Dallas, TX, USA
Posted on Saturday, September 23, 2023

About Altruist

Altruist is a fast growing fintech company that's transforming the financial advice industry. Our mission is to make financial advice better, more affordable, and accessible to everyone. We’re a modern custodian built exclusively for registered investment advisors (RIAs). As we disrupt legacy custodians and revolutionize the $100T RIA market, we're seeking exceptional individuals to join our team. If you embody our core values of kindness, brilliance, and grit, and are passionate about making a meaningful impact, we want to hear from you!

What you’ll do

  • Strategically develop an industry-leading mutual fund offering
  • Identify, hire, and develop diverse, talented mutual fund and operations professionals
  • Lead the team responsible for the reconciliation and monitoring of the end-to-end mutual fund process
  • Ensure strong relationships exist with mutual fund companies and establish/modify selling agreements as needed
  • Coordinate the onboarding and conversion of mutual funds
  • Ensure proper processes, controls, and compliance are in place and upheld
  • Point person with key business and industry partners such as SS&C, FIS, Matrix, and the NSCC
  • Define and enhance business processes and requirements to efficiently and effectively scale while maintaining control and compliance
  • Leverage OKRs and other data to identify opportunities to further the mutual fund operation through operational enhancements, product offerings, and additional offerings
  • Support advisor escalations and perform advisor outbound calls when necessary (operations issues)
  • Resolve complex business issues, provide critical business updates, participate in business planning, and be a key partner across sales, client success, operations, compliance, etc…
  • Responsible for ensuring the proper cancellation, correction, rebooking, fail clean-ups, and recording trades into uncleared suspense accounts or other accounts occur daily
  • Amend business rules and internal controls as needed

What you’ll bring

  • FINRA Series 7 & 24 are highly preferred
  • 5+ years of Mutual Fund leadership experience
  • Entrepreneurial attitude and a deep empathy for our customers
  • Superior organizational skills
  • Proven track record of outperforming benchmarks and achieving goals
  • Excellent analytical, research, and decision-making skills
  • Exceptional executive-level communication skills with the ability to easily convey complex matters in an easy-to-understand manner
  • Deep understanding of securities trading processes and applicable securities laws and regulations
  • Demonstrated ability to apply technology to enhance business processes
  • Bachelor’s degree or equivalent working experience and a Master’s degree preferred


  • Competitive salary and stock options
  • Premium Healthcare, Dental, and Vision insurance plans
  • Generous paid parental leave
  • 401(k) savings plan with matching contributions
  • Flexible paid time off

Total compensation includes a competitive benefits package along with equity in the form of Stock Options (ISOs). A salary offer will be determined by a number of factors including experience, skill level, internal pay equity, geographic location, and other relevant business considerations. We review all employee pay and compensation programs regularly to ensure fair, equitable, and competitive pay. At Altruist, we are committed to providing fair, equitable, and competitive compensation by leveraging market data to inform our pay bands. Base salaries will be reviewed at regular intervals throughout the year, typically in conjunction with performance review cycles. By evaluating compensation on a regular basis, we are able to reward high performance and ensure all employees have opportunities for growth.

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At Altruist we are dedicated to building a diverse, inclusive, and authentic workplace, so if you’re excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be just the right candidate for this or other roles.