AVP, Brokerage Clearing

Are you a team player? Are you curious to learn? Are you interested in supporting others as they grow their business? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you!

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

Job Overview:

LPL Financial is seeking an AVP in the Operations Control Group. The primary responsibilities of the Operations Control Group is to ensure LPL Financials’ operation’s adherence to the rules of various regulatory agencies. Its focus is SEC Rules 15c3-3 and 15c3-1, the Customer Protection Rule and Net Capital Rule. The role would work closely and develop working relationships within operations and finance, and other departments within LPL to identify, define and remediate various operational/regulatory related items. The role also requires the individual to implement and train analysts and managers on various control and regulatory policies consistent with a rapidly evolving regulatory environment.

Responsibilities:

Assess reconciliation risks and controls needed within Operational functions to maximize use of existing resources while ensuring we are properly staffed to meet regulatory requirements.

Establish and maintain an independent reconciliations governance framework over operations to ensure identification, assignment of ownership, timely resolution, and accurate reporting of aged breaks for customer reserve formula and net capital computations.

Perform quarterly securities counts required by Rule 17a-13 under the Exchange Act.

Develop and maintain effective relationships with regulatory reporting group as it relates to reporting of aged breaks to meet regulatory requirements.

Acquire, develop and motivate high quality professional management and staff through effective recruiting, education and training, professional development, career counseling, and succession planning programs. Be a leader and a team player.

Track and close identified reconciliation gaps.

Ensure ongoing analysis of operational risks, vulnerabilities, and market trends to determine potential impact on the organization’s reconciliation functions and adherence to regulatory requirements.

Align with Risk teams to ensure proper design and testing of business continuity plans to ensure continuity of reconciliation’s process in the event of a business disruption.

Lead and manage small team of analysts and managers responsible for reconciliation data generation and break management.

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements:

The successful candidate will have a minimum of 8+ year’s professional experience in financial services in several disciplines (operations, regulatory, internal audit, or compliance).

Bachelor’s degree in Accounting, Finance, or Economics from an accredited University or College or equivalent industry experience.

Licenses/Certifications: Series 99, 7, 24, 63 and 65 (66).

Core Competencies:

Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline driven environment.

Strong communication and relationship management skills across lines of business.

Ability to proactively engage with stakeholders and communicate complex risk and regulatory issues.

Strong project and program management skills.

Ability to manage and lead effectively in an ever changing environment (both corporate and regulatory).

All Microsoft applications, particularly, VISIO, WORD, ACCESS, PowerPoint and Excel

Preferences:

SEC broker dealer experience or experience with large, diversified financial services firms with a focus on SEC Rule 15c3-3 and 15c3-1, Customer Protection and Net Capital Rule

Knowledge of Clearing/Back Office systems and reconciliation processes, BETA

Pay Range: $99,920-$149,880/year

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!

Why LPL?

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.

We are one team on one mission. We take care of our advisors, so they can take care of their clients.

Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

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Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at .

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