VP, Supervision Optimization

Are you looking for an opportunity to drive transformation at a growth company? If so, this role is for you! LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor. Today, LPL is a leader* in the markets we serve, supporting more than 23,000 financial advisors, 1,100 institution-based investment programs, and 500 independent RIA firms nationwide. 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. Simply put, we take care of our advisors, so they can take care of their clients.

LPL Financial is seeking an experienced VP, Supervision Optimization to join our Finance, Operations, Risk, Service and Supervision (FORSS) organization. This role will lead efforts to identify and execute process improvement efforts in our Advisor Supervision function, with the aims of improving the client experience, reducing costs, and managing risks. The ideal candidate will apply lean six sigma principles to design optimized business processes and improve overall performance.

Job Overview:

The VP, Supervision Optimization will partner with senior Supervision leaders to identify and prioritize process improvement opportunities.

Responsibilities:

• Optimization Opportunity Identification – Collaborate with Supervision leaders, source and analyze data, and conduct other research (e.g., stakeholder interviews, regulatory analysis, etc.) to identify opportunities to improve client experience and reduce costs, while meeting regulatory expectations, and estimate the expected outcomes from an optimization engagement.
• Business Case Development – Prepare business case and present to senior leaders to justify resource investment to pursue optimization projects that contemplates the expected outcomes from undertaking optimization projects, balanced against anticipated costs.
• Project Execution – Partner with project sponsors, process owners, and other stakeholders to lead efforts to optimize processes. Work may include process measurement, process design and architecture, workshop facilitation, project management, and other tasks, as needed, to develop a recommended process redesign, obtain stakeholder buy-in on the new process, and implement process changes.
• Project Wrap-Up and Delivery – Lead change management for implementing process changes, measure the impact of process change, and support the organization in realizing the benefits from process changes.

Requirements:

• Prior experience with process optimization in Supervisory functions at a financial services firm
• Foundational understanding of how a broker-dealer and Registered Investment Advisor are regulated and an understanding of supervisory obligations for a broker-dealer and Registered Investment Adviser
• Minimum of 8 years of experience in process improvement and process re-engineering domains in wealth management or related industry
• Extensive experience coaching all levels of management in performance/process improvement
• Demonstrated expertise in defining and analyzing performance metrics leveraging process design best practices
• Strong written and verbal presentation skills; ability to present to senior management

Preferences:

• Bachelor’s degree in Business, Engineering, or Industrial Engineering
• Lean Six Sigma Black Belt is preferred. Master Black Belt is highly desirable
• FINRA Series 7, and /or Series 24 licenses, and prior experience acting in a supervisory capacity for financial advisors
• Extensive experience facilitating workshops (e.g., Kaizen events)
• Experience interacting with Finance teams, and measuring and evaluating the financial impact of optimization projects
• Creative, adaptive and an experienced practitioner; with a growth mindset and superior collaboration skills
• Experience in training employees on business process standardization practices
• Ability to create and stop and see the big picture while also rolling up the sleeves to "get into the details" as needed
• Ability to work with minimal guidance and supervision
• Experience in a fast moving, entrepreneurial environment

Pay Range:

$119,800.00 - $199,600.00

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!

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.

We take social responsibility seriously.

Want to see info on our benefits?

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.