Supervisory PrincipalApply Job ID: R-023791 Date posted: 06/14/2022 Primary Location SC-Fort Mill Other Locations CA-Remote
Are you a team player? Are you curious to learn? Are you interested in working in meaningful projects? Do you want to work with cutting-edge technology? 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!
Excited to learn more? If so, then this could be the role 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 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 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 Supervisory Principal within Corporate Supervision will work with a team of fellow analysts to support the review of regulatory and brokerage sales activity of Home Office employees. The Supervisory Principal will be responsible for completing front-line supervisory tasks on a daily basis and escalating any practice concerns according to their heirarchy. Great emphasis will be placed upon completing tasks according to the established Service Level Agreements and at a high level of quality.
Specific areas of responsibility include, but are not limited to:
•Review of securities transactions on the electronic trade blotter including but not limited to equities, fixed income, mutual funds, UITs, municipal securities, and 529 transactions.
•Review of account-level suitability alerts for brokerage and advisory accounts using LPL’s electronic supervisory tool suite.
•Review and approval of account documentation and correspondence.
•Analysis of transaction activity and identification of potential sales practice concerns.
•Collaboration with all areas of CLR, as well as IFS and other business partners to escalate and resolve concerns.
Other Job Duties:
•Work within a team environment to identify potential sales practice concerns
•Provide consultative support IFS
•Provide awareness across all BRM departments of any investigations, escalations, or emerging risks involving advisors and OSJs
•Knowledge of mutual funds, annuities, general securities, and other financial products required
•Knowledge of FINRA, SEC, and State rules and regulations required
•Ability to work in a fast paced/high volume environment and be flexible with work schedule
•Ability to multi-task, strong attention to detail, excellent problem-solving and follow-up skills
•Excellent oral and written communication skills
•Ability to make regulatory and supervisory-based decisions
•Proactive collaboration and service-based responses with business partners on escalated issues
•Ability to develop compliance systems and strategies for effective supervision
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.
•Undergraduate degree in Business, Accounting, Finance or related discipline
•4+ year’s industry experience in a compliance related function
•Series 7, 63 or 66, 24, 53, 4 or 9/10 required (or ability to obtain within 90 days)
•Experience with all Microsoft applications, particularly, Excel, Word, Access, PowerPoint, SharePoint, and Visio
•Familiarity with BETA a plus
The Compliance, Legal & Risk (CLR) team is focused on delivering an industry-leading client service and risk management experience by providing advisors and our internal business partners with proactive guidance, advice, advocacy and consultative partnerships.
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.