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The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at LPL Financial.As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our recruiters will explain what type of interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions that you have. You can also email us at LPLFinancialHiring@lplfinancial.com.
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AVP, Managed Account Operations / OPMG Trading

Job ID: R-016687 Date posted: 08/18/2021 Primary Location SC-Fort Mill Other Locations CA-San Diego

The Overlay Portfolio Management Group (OPMG) team at LPL requires a strong AVP to manage the day-to-day operations and offshore processes for LPL's $90 billion AUM managed accounts platforms. This team player will function as a servant leader for developing talent and growing careers at LPL.

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 19,000 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 objective 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.

Job Overview: 

The AVP of the Overlay Portfolio Management Group is responsible for the management of the day-to-day  support of LPL Financial's Centrally Managed Platforms, which includes a Unified Managed Account (UMA) platform and MF/ETF wrap platforms. The individual will be responsible for ensuring that Ops team operates within set policies and procedures and upholds all responsibilities and regulations. In addition, working within a team-oriented environment, the AVP will assume a strong leadership role with respect to identifying opportunities for improvements in order to enhance productivity, reduce risk, increase employee or customer satisfaction, and manage a team of employees.  Must have a strong finance background and be able to work in a fast-paced environment under rigorous time pressures.

Responsibilities:

  • Oversees daily calls & operations process with a focus on increasing efficiencies, reducing risk, and delivering exceptional service to advisors and other internal business partners.
  • Utilizes their expertise in OPMG processes and system applications to identify innovative solutions and opportunities to add value.
  • Analyzes, interprets, and effectively communicates trends in platform activity; recommends and implements improvements based on findings.
  • Provides support and coaching for employees and shows strong commitment to helping them grow and be successful. Committed to engaging employees and providing a positive, enjoyable, and challenging work environment.  Responsible for the hiring process of new employees.
  • Escalation point for all daily account management issues and critical system outages.
  • Lead point of contact for Offshore OPMG operations & account reconciliation.
  • Partners with LPL Financial's Research, Advisory Consulting, Product and Business Management, Technology and Operations groups to ensure proper communication and smooth workflows.
  • Ensures proper communication and streamlined workflows are in place with internal and/ or external investment managers and strategists.
  • Assists in contingency planning and ensures team meets BCP requirements.
  • Coordinate streamlined communication and workflows between OPMG and external customers.
  • Lead development of new platforms and onboarding of new external clients.
  • Drive system wide technology improvements with external vendors and BTS.
  • Escalation point for all daily account management issues and critical system outages.
  • Actively contribute to the management of the OPMG department

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, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements:

  • Preferred Minimum Education - Bachelor's Degree
  • Licenses: FINRA Series 7, 63, 24 (must be acquired within 1 year of hire)
  • Strong analytical skills and expertise with Microsoft Excel
  • Servant Leadership capabilities a must!

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.

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 (800) 877-7210.

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