AVP, Supervision & Controls Risk Management

Job Overview :

We are seeking an Associate Vice President (AVP) to join our Supervision & Controls Risk Management (“SCRM”) team within LPL’s Operations Organization. The ideal candidate will be responsible for providing robust supervisory and control risk management support to the LPL Operations organization. This role requires a proactive, detail-oriented individual with a strong background in supervisory and controls risk framework, testing, analysis, and risk assessments within a brokerage / investment advisory environment. You will report to the SVP of Supervision & Controls Risk Management and be responsible for advancing critical components of our first line risk governance program covering a wide array of LPL brokerage operations.

The Supervision & Controls Risk Management Team is an independent first line group within LPL Operations responsible for providing supervisory and controls risk management support through supervisory / risk controls oversight, testing, analysis, and risk assessments, to LPL’s Operations organization. SCRM’s vision is to be a trusted partner of all LPL stakeholders that promotes business growth through lean, efficient processes, and routines to create an optimized, effective, supervisory controls and risk management experience for our operations teams. We strive to improve business outcomes by providing and applying practical, consistent, effective, and unbiased risk guidance that is grounded in deep understanding of LPL’s goals as well as the regulatory and industry environment.

You will be responsible for developing and maintain a comprehensive understanding of all aspects of LPL’s operations, products, and platforms, including the associated risks, regulatory requirements, and control environment while working with various business units across the firm to manage and control risk. This role will embrace strategic, entrepreneurial, analytical, product, broker dealer clearing and project management skillsets to ensure alignment on overall supervision and risk management control strategy as well as identify and communicate opportunities to drive greater value and efficiency at the advisor level and reduce regulatory and operational risk.

What will you do?

Advise assigned business / corporate function partners in the development, execution, and evaluation of supervisory and risk management controls, written supervisory and operations procedures designed to achieve desired outcomes and experiences (e.g. compliance with regulatory rules and firm policies, effective and efficient risk management, excellent customer / advisor experience, excellent employee experience, etc.)

Proactively identify, assess, and monitor operational risks and controls along with remediation action plans

Develop and track key risk indicators to monitor operational risk profiles

Analyze data and partner with other lines of defense to identify emerging risk trends

Timely investigate incidents, determine root cause, and advise on corrective actions

Respond to internal and external audit and regulatory matters involving the firm’s operations supervisory framework, procedures, and controls. Participate in any change management or reconciliation efforts in response to such matters.

Build effective working relationships with business leaders and cross-functional partners to ensure alignment on overall supervision and risk management control strategy as well as identify and communicate opportunities to drive greater value and efficiency at the advisor level and reduce regulatory and operational risk.

What are we looking for?

Bachelor’s degree preferred or equivalent work experience.

5 years of experience in compliance or risk management related roles within financial services, preferably wealth management, including significant experience in broker dealer operations.

7 years of experience in supervision, surveillance, product, operational, or regulatory risk related roles is preferred.

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

Strong analytical skills, both quantitative and qualitative, with high attention to detail and accuracy; the candidate should have experience working with data sets in Excel and / or Access and preferably have written macros previously

Capable of taking a project from idea to execution with minimal oversight

Ability to identify inefficiencies across the firm and recommend creative solutions to the issues

Ability to develop a strong opinion and defend it against challenge

Experience in operations and securities product knowledge with strong understanding of respective supervision and all categories of financial and non-financial operations risks.

Ability to cultivate constructive relationships with business and control function leaders, as well as peers across the industry.

Experience working in cross-functional teams with demonstrated ability to drive outcomes

Exceptional judgment and analytical skills – you will need to excel at quickly analyzing complex risk and business issues in a variety of substantive areas (required)

Experience with Archer GRC (preferred)

Strong project leadership, written and verbal communication skills

Strong business acumen and the ability to interact and influence business partners, including developing, presenting, and gaining approval on business cases and change management requests

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

LI-PA

Pay Range :

94,913-$158,188 / yearActual 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.

Salary : $94,913 - $158,188