Job ID R-026792Date posted 11/04/2022Primary Location SC-Fort MillOther Locations CA-Remote , NC-Remote , SC-Remote ,CA-San Diego
Are you a team player? Are you curious to learn? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you!
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. 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. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
The Strategic Sourcing and Procurement (SS&P) team is located in the new LEED-certified Carolinas campus (Fort Mill, SC) and is responsible for managing the full end-to-end sourcing and procurement lifecycle including Third Party Risk Management. SS&P’s mission is to 1) Deliver sustainable, ethical practices and leadership to enable the selection of external partners to drive the best service, quality, and value for LPL while appropriately mitigating risk. 2) Provide leadership to our business partners to ensure that any contractual and performance risks are effectively mitigated. 3) Drive operational excellence and appropriate risk mitigation through the identification and management of the requisition and contract processes, risk assessment, and vendor management process.
Engaging a Third-Party Service Provider (TSP) can expose the organization to compliance, credit, information security, offshore, operational, reputational, and/or strategic risk(s). In collaboration with other subject matter experts (SMEs), Business and Vendor Owners, and other teams within SS&P, the Third-Party Risk & Performance Management (TPRPM) team plays an instrumental role in mitigating such risk throughout the Due Diligence and Performance Management lifecycle. These parties work jointly to perform ongoing monitoring activities to improve TSP value and mitigate risks.
The Analyst TPPM Specialist will be responsible for owning and managing relationships with their assigned Business Units across the organization.
Provide support to those business partners in the completion of various vendor risk and ongoing performance management items (RAE intake, Third-Party Performance Management (TPPM) activities such as Business Reviews, Scorecards, Replacement Planning, identifying and updating Business and Vendor Owners, etc.).
Collect, generate and provide Business Owners and Vendor Owners with relevant information and/or reports (most current Risk Assessment Report and Remediation Plan, list of open Findings, SOC reports, list of risk(s) being acknowledged or requiring acknowledgment, and any other ongoing monitoring reports/data needed by the BU) to assist them in their evaluations for their various TSPs requiring Business Reviews and Scorecards.
Partner with the Third-Party Risk Management (TPRM) Risk Assessment team to maintain accurate third-party inventory and to drive completion of assigned third-party risk assessments through remediation.
Review and approve/deny Risk Assessment Evaluation (RAE) forms submitted by the Business for accuracy and completeness within the required 2-day SLA.
Develop positive working relationships to maintain an open environment for collaboration, risk identification, and remediation.
Assist Management with departmental training and communication efforts as needed.
Support third-party risk management tool maintenance.
Other duties or special projects as assigned.
What are we looking for?
We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, and team-oriented, and are able to execute in a way that encourages creativity and continuous improvement.
Education and Experience:
4-year college degree
Minimum 3 years’ experience in Vendor Performance Management, Third-Party Risk Management, or Sourcing in financial services or other highly regulated industries
Experience in Vendor Management, Third-Party Risk, or sourcing functions
Reliable self-starter, with a collaborative mindset and ability to build strong relationships across the organization
Excellent communication (verbal & written), problem solving, and analytical skills
Advanced MS Office skills including Excel, SharePoint, Word, and PowerPoint
Strong time management and organizational skills
Attention to detail
Team oriented, takes initiative and creates concise and relevant analysis
Ability to work comfortably with incomplete information and deal with ambiguity in a fast-paced environment while maintaining a positive attitude
Ability to flex, adjust priorities and monitor workload to meet SLAs and challenging deadlines
Must have a sense of humor!!
Experience using OneTrust, Ariba, Archer, Sharepoint, and/or other GRC or Procure to Pay tools
Knowledge of information security and risk controls
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.
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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 (800) 877-7210.