Vice President, Assistant General Counsel (Regulatory Compliance Counsel)

Job Overview :

LPL Financial seeks an experienced attorney to join its corporate legal advice team as Vice President, Assistant General Counsel. This VP will report to a Senior Vice President responsible for providing strategic legal advice to various business units. This team focuses primarily on the LPL’s broker-dealer business but also provides support to the investment advisory business. This position entails advising LPL’s (1) Compliance team; (2) Supervision and Surveillance teams; (3) Product Due Diligence and Onboarding teams; and (3) its Advisor Conduct groups. The position will also cover counseling the firm’s Product Review group with respect to due diligence requirements, sales practices and controls around alternative investments.

The ideal candidate is one who can thrive in a fast-paced business environment and can manage a substantial docket autonomously. A qualified candidate will have relevant experience within a law firm, counseling the financial services industry, specifically the broker-dealer and retail investment advisory business with respect to federal, state and SRO regulatory compliance, enforcement defense, and / or agency or private civil litigation / arbitration defense.

Responsibilities :

Day-to-day legal support for LPL’s financial services business, including providing legal analysis and advice with respect to compliance with applicable rules, regulations and legal risks relating to the brokerage and investment advisory business.

Counseling on due diligence standards and establishing proper protocols for the onboarding and sale of alternative investments.

Reviewing, revising and developing internal policies and procedures in response to business initiatives and regulatory developments.

Performing legal research and drafting memorandums concerning compliance with applicable laws, rules and regulations.

Interacting with other members of the Legal Department as well as other LPL units including, amongst other departments, Supervision, Compliance and Risk.

What are we looking for?

This position requires excellent communication skills, both verbal and written. The candidate must demonstrate keen strategic thinking, and have excellent analytical, project management and time management abilities. The candidate will be expected to perform thorough legal research and document such analyses and conclusions. Presentation skills are also highly important. Provide timely escalations to partners within LPL’s control functions, including risk assessments and status updates of matters for executive management.

Requirements :

5-7 years of experience in dealing with issues arising under the Securities Exchange Act, Investment Advisers Act of 1940, Investment Company Act of 1940, FINRA rules and regulations as well as related federal and state securities laws.

Proficiency in legal writing, performing legal research (LexisNexis preferred) and written communication skills.

Strong working knowledge of federal securities laws and rules making process; regulatory notices; interpretive guidance; and agency interpretations.

Working understanding of alternative investments, including but not limited to, hedge funds, VC funds, private equity funds, public non-traded products, business development corporations and private placements.

Understanding of regulatory landscape applicable to broker-dealers and registered investment advisers, including a familiarity with regulatory processes (SEC and FINRA).

Proficiency with MS Word, Excel, PowerPoint, and Outlook

Core Competencies :

Ability to interface effectively with internal personnel as well as LPL advisors, clients and their counsel

Ability to understand and assess a wide variety of complex business models

Highly-motivated self-starter able to work independently while collaborating and coordinating as part of a global program

Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment

Exceptional written and verbal communications skills, attention to detail, and effective time management

Sound judgment and an ability to appropriately escalate issues internally

Proven ability to handle highly confidential information professionally and with appropriate discretion

Outstanding interpersonal skills and team-player attitude

LI-PA

Pay Range :

180,100.00 - $300,100.00Actual 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!

Salary : $180,100 - $300,100