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SVP, Advisory Chief Compliance Officer

Job ID: R-024186 Date posted: 07/27/2022 Primary Location SC-Fort Mill Other Locations MA-Boston , CA-San Diego

Are you a team player with a growth mindset? Are you interested in working on meaningful projects? 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) is the nation’s largest independent broker-dealer, a leading investment advisory firm and a top custodian.  It 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 nearly 20,000 financial advisors, 800 institution-based investment programs and 500 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.

SVP, Advisory Chief Compliance Officer

The SVP, Advisory CCO will serve as a senior leader in the firm’s Compliance, Legal & Risk (CLR) organization.

This individual will serve as the Chief Compliance Officer for LPL’s registered investment adviser (the Corporate RIA) and be responsible for the execution of compliance and risk management functions across the firm’s various investment advisory-related offerings, including: corporate advisory programs, Research, outside RIA (Hybrid RIA) oversight, retirement services, and the Private Trust Company (PTC).

Preferably, this individual will be located in the firm’s Fort Mill office and the role will report directly to the firm’s Chief Compliance Officer.  In addition, this individual will be a member of the Compliance Leadership team. The role includes leading a large team of compliance professionals spread across the firm’s Fort Mill, San Diego, and Boston and Cleveland locations.

Essential Functions:

  • Working collaboratively with the business across the above-listed coverage areas in the development of new products, services and initiatives to promote efficient and compliant growth and a positive experience for advisors to do business with LPL
  • Advising business units and financial advisors on the impact of applicable regulatory changes, events and exams
  • Designing investment advisory-related policies, procedures and training, and drafting compliance-related communications
  • Assisting with responses to regulatory exams and inquiries relating to the investment advisory business
  • Review of firm’s ADV documents and supervision of related regulatory reporting
  • Oversight of Investment Advisers Act Rule 206(4)-7 annual testing program.
  • Performing regular and ad hoc compliance risk assessments including assessing the risk inherent to the various business activities, analyzing the firm’s front-to-back control environment, and delivering recommendations regarding potential remediation and enhancement
  • Overseeing and assisting with the completion of remediation projects as well as certain control implementations
  • Leading a large team of compliance professionals with varied backgrounds; providing direction and motivation to ensure a positive, open and collaborative working environment, and career development opportunities

Other Job Duties:

  • Participate in various governance and oversight committees and various project-related steering committees and working groups
  • Provide occasional updates to the Risk Oversight Committee
  • Serve as a delegate to the Chief Compliance Officer as needed
  • Interact with financial advisors and field leaders to help solve issues, improve advisor experience, and maintain a compliant and efficient growth environment
  • Attend and present at various LPL conferences, as well as industry forums
  • Maintain a thorough and up-to-date understanding of all relevant investment advisory, brokerage, retirement, insurance and trust-related laws, rules, and regulations, and the associated regulatory and market environments
  • Interact and collaborate with the CLR management team, Legal, senior business leaders, regulators and government agencies and industry associations

Qualifications:

  • Bachelor’s degree required; JD, MBA, FINRA Series 7 and 24 a plus
  • Minimum of 10-15 years relevant compliance and/or legal experience
  • Extensive/expert level knowledge within the investment services space; particularly with investment advisory compliance
  • Proven general management skillset, particularly around strategy development, operational excellence and execution, and talent management
  • Ability to create positive engagement across the team and the broader Compliance function
  • Agility and adaptability to meet changing business needs
  • Critical thinker, problem solver and commercially minded
  • Exhibits executive presence in presentations and interactions with regulators, management and other team members
  • Ability to forge solid relationships with advisors, business leadership, and CLR management and colleagues
  • Effective change and project management skills; propensity for continually improving processes

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!

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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.

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