What are the responsibilities and job description for the VP, Innovation & New Service Strategy position at LPL Financial?
Do you have experience in growth strategy, corporate strategy, or innovation and new ventures?
Do you enjoy identifying and solving problems that are critical to customers?
Do you enjoy designing and executing innovation initiatives?
Are you interested in being part of a team that working to transform and do things differently?
Job Overview
As the VP, New Services Strategy, you will be a member of LPL’s Business & Wealth Solutions group (BWS), focusing on new product development, product strategy, and innovation. This role will report directly into the Senior Vice President of Strategy & Innovation and play an integral role in developing new products/services for LPL’s 23K financial advisors. You will partner with leadership to identify, prioritize, and execute strategic projects and new services initiatives that help advisors with critical aspects of running a business, expanding core capabilities, and improving outcomes. To do so, you’ll develop and maintain a backlog of ideas for new services, evaluate the viability of new services ideas in the pipeline, and define/execute strategies related to product and innovation.
The New Services team researches, designs, and builds new business solutions to help financial advisors be more effective, productive, and successful in their roles as business owners and operators. We also innovate new solutions that solve for important advisor needs related to managing a practice and delivering value to their customers (individual investors). Our approach is rooted in human-centered design, innovation, and business strategy.
Responsibilities:
We want strong collaborators who are passionate about identifying and solving customer problems. We are looking for people who thrive in an innovative environment, who are motivated self-starters, who can operate at the intersection of business, product and innovation, and who are looking to apply a quantitative and qualitative skillset to deliver valuable services to our customers.
Requirements:
$155,300.00 - $258,800.00
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.
Want to hear from our employees on what it’s like to work at LPL? Watch this!
We take social responsibility seriously. Learn more here
Want to see info on our benefits? 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.
Do you enjoy identifying and solving problems that are critical to customers?
Do you enjoy designing and executing innovation initiatives?
Are you interested in being part of a team that working to transform and do things differently?
Job Overview
As the VP, New Services Strategy, you will be a member of LPL’s Business & Wealth Solutions group (BWS), focusing on new product development, product strategy, and innovation. This role will report directly into the Senior Vice President of Strategy & Innovation and play an integral role in developing new products/services for LPL’s 23K financial advisors. You will partner with leadership to identify, prioritize, and execute strategic projects and new services initiatives that help advisors with critical aspects of running a business, expanding core capabilities, and improving outcomes. To do so, you’ll develop and maintain a backlog of ideas for new services, evaluate the viability of new services ideas in the pipeline, and define/execute strategies related to product and innovation.
The New Services team researches, designs, and builds new business solutions to help financial advisors be more effective, productive, and successful in their roles as business owners and operators. We also innovate new solutions that solve for important advisor needs related to managing a practice and delivering value to their customers (individual investors). Our approach is rooted in human-centered design, innovation, and business strategy.
Responsibilities:
- Design, implement and execute product strategy initiatives
- Collect and consolidate ideas for new services in a prioritized backlog, partnering with leadership and product
- Co-own the business background point of view by researching and synthesizing materials from a wide variety of client materials, interviews, external sources, analytics, and data sources
- Leverage qualitative (market trends and competitive intel and customer research) and quantitative (financial data, client business data, quant surveys) to develop actionable insights to inform new services
- Take a data-driven approach to ideate and prioritize different options/solutions to execute prioritized initiatives, including evaluating impact on growth, investment needs and overall viability of the initiatives
- Contribute to strategic efforts that are enablers to our innovation agenda (e.g., innovation strategy, product portfolio strategy, go-to-market strategy)
- Partner with cross-functional team to incubate and test new service opportunities (e.g., ideation, business model design, product design, willingness to pay analysis, pricing analysis)
- Collaborate with internal stakeholders including sales, marketing, product management, and operations
- Understand, quantify and prioritize the barriers and root causes that hinder successful innovation and acceleration of new services
- Conduct primary research with advisors and end-clients (surveys, interviews, focus groups, user testing) to gather feedback on initiatives and strategy
- Evaluate build, buy, partnership options to enable short-term and longer-term delivery
- Build/coordinate/train teams to execute on new services initiatives and transition ownership to product leads
We want strong collaborators who are passionate about identifying and solving customer problems. We are looking for people who thrive in an innovative environment, who are motivated self-starters, who can operate at the intersection of business, product and innovation, and who are looking to apply a quantitative and qualitative skillset to deliver valuable services to our customers.
Requirements:
- 2 years post-MBA experience or 7 years total experience
- 7 years of experience in either corporate strategy or strategy consulting in areas that include: product strategy, innovation and new ventures, service model design
- Experience at a top-tier management consultancy and/or strategy team at a financial services company; additional tangential experience with sales teams a plus
- Strong relationship skills and experience influencing senior leaders
- Proven track record of taking a strategy from ideation to execution
- Strong management skills and ability to attract, develop, and retain talent
- Proficient use of MS Suite (PowerPoint, Excel, Word)
- Understanding of areas of specialization within the greater design landscape, including but not limited to Design Research, Service Design, Product Management
- Passion for and curiosity about new product development and product innovation. Experience in and complete fluency in the topic is awesome but not mandatory as long as there’s the desire to learn]
- Be a strategic, lateral-thinking problem solver with human-centered design experience, comfortable with quantitative and qualitative analyses, comfortable working in complex environments
- Excellent communication skills and great instincts about how to synthesize and tell a captivating story, build a deep rapport, and give honest feedback
- Experience identifying and evaluating potential opportunities, including articulating a clear path forward, building confidence in the value of our ideas, and prioritizing the ones with highest potential. This means having solid quantitative analysis skills and ability to “run the numbers” and steer team towards the largest value pools
- Experience translating learnings from discovery and concept validation into a tangible roadmap: mapping organizational and technological implications, enabler requirements, dependencies and modeling high level impact and value case
- Superior analytical skills with an ability to identify relevant data insights and present in an actionable manner
- Superior presentation skills & ability to build a story narrative
- Able to take complex topics and make them easy to understand
- Experience of merging human-centered design with corporate strategy
- Deep knowledge of the advice industry, including customer trends, key players, differentiating capabilities, and profit drivers
$155,300.00 - $258,800.00
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.
Want to hear from our employees on what it’s like to work at LPL? Watch this!
We take social responsibility seriously. Learn more here
Want to see info on our benefits? 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.
Salary : $155,300 - $258,800
