AVP, Programs and Governance, Supervisory Risk and Controls

Job Overview:

This position reports directly to the VP, Supervisory Risk and Controls Management, within First Line Risk Management. The AVP, Programs and Governance, will be responsible for developing, implementing and maintaining comprehensive risk management frameworks and governance structures across Operations, Service and Trading. This position combines strategic thinking with practical implementation to ensure the firm maintains a robust risk and control framework. This position will work closely with both Second and Third Lines of Defense leaders within Enterprise/Operational Risk Management and Internal Audit, respectively.

Responsibilities:

• Lead alignment with Second Line on delivering against the Enterprise Risk Management Framework.
• Utilize and optimize First Line Risk Management use of GRC solution (Archer) and other documentation and program repositories (BOX, Smartsheet, etc.).
• Ownership and execution of risk program lifecycle and change management, leveraging offshore resources where possible.
• Ownership of the end-to-end process for identification, reporting and remediation of Issues Management activities within the First line of defense risk management function.
• Continually looking for new approaches to complex issues and the way Risk Management provides thought leadership and coordination of efforts across the organization.
• Manage projects and escalations with minimal oversight as prescribed as prescribed withing Supervisory Risk and Controls Management.
• Developing effective working relationships with Enterprise Risk Management and Operational Risk Management, Regulatory Compliance and Internal Audit for partnership on Issues from testing and on-going Issues Management and closure procedures.
• Continually challenge the status quo to enhance current risk management framework and provide guidance and coaching to junior resources of the team on best risk management practices.
• Constantly staying apprised of changes in Regulation, Risk guidance and industry news to lead Risk Management thought leadership throughout the business and Risk teams.
• Development of training materials on risk management framework and new and pressing topics from Regulation, Enhancement of Risk practices and communication of risk-based approaches in enhanced business processes.
• Managing the alignment and tracking of licensing responsibilities within Operations, approving licensing and education requests, and partnering with Operations and Supervision leadership on requirements for Operations and organizational development.
• Creation of the annual Regulatory Mandatory budget across the Operations business unit, as well as the corresponding business cases to support funding, while working with ERM to align Operations business case and needs with the broader LPL requirements.
• Using data analysis to drive a more proactive and anticipatory approach to risk management.
• Determine potential impact on the organization's risk posture and continually assess and identify new risk items within First Line Risk Management functions.
• Will work closely with individuals throughout the organization including Operations, IA, ERM, Compliance and Legal, from staff to senior level to complete the various functions above, providing education (teaching) necessary to enable a culture of risk management.
  
  
  

Qualifications:

• 8 years of industry experience within financial services, with 2 years of leadership experience (preferably with extensive risk management background in a large and mature risk management framework) in several disciplines (1st line risk management, 2nd line risk management, strategy, internal audit, compliance, control design, and risk framework)
• BA/BS degree in Finance, Accounting, Business, or Economics (or a related discipline)
  
  
  

Licenses/Certifications Preferred:

• Series 99 or other preferred
• All Microsoft applications, particularly, VISIO, WORD, ACCESS, PowerPoint, and Excel
• Experience with Archer, Jira, SmartSheet and LPL Internal Systems
• Experience with Archer, Tableau, Jira, Smartsheet, PowerBI and data manipulation is a plus in order to drive executive reporting and messaging.
  
  
  

Core Competencies:

• A penchant for continuous improvement and looking for different avenues to automate work and drive efficiencies.
• Strong attention to detail with a proactive approach to solving and preventing operational, financial and regulatory risk.
• Ability to work under pressure/deadlines and manage multiple priorities, with effective communication to leadership via strong written and spoken communication skills.
• Ability to interface and communicate effectively with various levels of employees.
• Strong people management and the ability to determine delegation of responsibilities in support of larger organizational deliverables and goals.
• Establish and maintain strong relationships with external stakeholders, such as regulatory authorities and industry forums, to stay informed about new developments and participate in relevant industry discussions.
• Career minded with a desire for continual personal and professional growth through diverse work experience and on the job learning.
• Development minded approach to management of staff
• Ability to manage and lead effectively in an ever-changing environment (both corporate and regulatory)
• Ability to work with and communicate effectively to various levels throughout the organization.
• Ability to leverage others' expertise and experience in identifying, evaluating and mitigating risks within Ops Risk
• Deliver solutions that are both short and long-term, ranging in scale while utilizing vision, creativity, innovation and analytical thinking in support of business and department risk goals.
• Experience in operations and securities product knowledge with strong understanding of respective controls and all categories of financial and non-financial operations risks
  
  
  

Pay Range:

$103,425-$172,375/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!

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

Join LPL Financial: Where Your Potential Meets Opportunity

At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.

Why LPL?

• Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!
• Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!
• Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!
• Impactful Work: Our size is just right for you to make a real impact. Learn more here!
• Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!
• Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!
• Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. Learn more here!
  
  
  

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 (855) 575-6947.

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