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VP, Central Supervision

Job ID R-000102 Date posted 05/09/2017

Job Requirements:

As a member of LPL Financial's Governance, Risk & Compliance (GRC) division, the Vice President of the Central Review Unit (CRU) will lead a team of approximately 45 principals whose primary responsibilities include the review and approval of account documentation, various security transactions (Trade Blotter), risk-based sales practice items (OSJ Review Tool), non-electronic correspondence, Advisory account activity, as well as identification and escalation of sales practice issues.

The VP, CRU will require strong leadership, prioritization skills, and a willingness to motivate the team to focus on the timely completion of tasks at the highest level of quality. The VP will be expected to have a hands-on approach to ensure strict adherence to the firm’s Written Supervisory Procedures as it relates to supervision conducted by the CRU. 

In addition, the VP will develop, prioritize, and execute a roadmap for risk related analytics and reporting (including real-time operational data visualization dashboards, continuous improvement and control opportunities) that will transform the organization to be data driven and metrics based. The role will require utilization of key operational and transactional data to derive actionable insights that will improve operational performance and advisor experience. The VP will also provide recommendations to improve functional areas and proactively identify and create opportunities for efficient sharing and strategic adoption of best practices. The VP will evaluate and communicate to senior management trends and emerging issues affecting current business strategies and indicate new strategic opportunities, and will consistently develop people through coaching, rewards and recognition, and providing experienced-based developmental opportunities.

Essential Functions:

  • Provide feedback, instruction, guidance and direction to a large staff of principal conducting direct sales supervision of a variety of investment product and services
  • Execute Quality Assurance reviews of corresponding CRU teams on a periodic basis
  • Drive and coordinate operational and consistency enhancements for department quality processes, capacity modeling, and reporting. Lead production of periodic reporting, identify opportunities and implement enhancements to process.
  • Coordinate responses to regulatory and internal inquiries, including inquiries from Legal and Regulatory Exams. Develop and maintain processes for responding to and proactively addressing supervisory concerns.
  • Provide second-level supervision for complex and escalated issues arising out of department activities

Qualifications:

  • Undergraduate degree in Business, Accounting, Finance or related discipline; advanced degree a plus
  • At least 7-10 years' industry experience, prior experience in a relevant function required
  • Series 7, 9 and 10 (or Series 24); Series 4 & 53 required or must pass within 120 days of employment (for candidates with S24)
  • Series 66 (or S63 and S65) preferred
  • Strategic thinker who can provide thought leadership for supervisory processes and associated advisor policies and procedures, including active participation in various cross-organizational committees
  • Must be able to identify, influence, and implement field-facing initiatives based on trends within supervision including clarification of policy, communication and/or training to educate and technology enhancements
  • Ability to work effectively with business partners at senior levels in areas across the organization, maintain strong contact with all levels of field leadership, multiple field committees, and senior corporate leaders
  • Must be able to identify and resolve gaps in supervision arising from technology or other challenges that prevent BAU and identify interim solutions to satisfy supervisory requirements
  • Must be able to contribute well in sensitive situations, including meetings with FINRA, SEC and state regulatory agencies and potential client litigation
  • Accurately reflect details of the supervisory process while maintaining a high level of authority and professionalism to positively reflect on the firm’s risk mitigation efforts
  • Must be able to manage reviews from Field Office Inspections and other internal audit functions
  • Responds timely to requests and identified gaps, and for implementing supervisory processes including changes to comply with legal and regulatory expectations
  • Maintaining good relationships with leaders while providing guidance and constructive feedback is critical and the candidate must have strong knowledge of the supervision processes within the team in order to communicate consistent messages
  • A complete analysis of information from multiple systems is required on sensitive issues escalated to leadership for review
  • Maintain understanding of the technology used within each supervisory function for strategy development and prioritization both within the covered business line and as a part of the overall CSU technology strategy
  • Responsible for the tactical development of the tools used as a supervisory system of record, and must be influential on other tools and systems from which the CSU derives data
  • Experience with all Microsoft applications, particularly, Excel, Word, Access, PowerPoint, SharePoint, and Visio. Familiarity with BETA a plus

Our Company:

LPL Financial, the nation’s largest independent broker/dealer since 1996* and the fourth largest broker/dealer overall, serves as an enabling partner to more than 14,000 independent financial advisors and approximately 700 financial institutions. Since its formation decades ago, LPL has focused on one primary mission -- enabling independent financial advisors to bring objective and un-biased financial advice to millions of Americans.

Headquartered in Boston, San Diego, and Fort Mill, and powered by more than 3,300 client-centric employees, LPL is financially strong and growing.

Our Culture:

If you join LPL, you will join a culture that believes in delivering a world-class client experience and looks to all employees to contribute to that goal by sharing their creativity, experience, and passion for continuous improvement. As a destination of choice, our top priorities are growth and development, social responsibility, and financial health for our employees.

We offer competitive compensation and industry leading benefits, including a wellness facility with onsite fitness classes, healthy meal choices, and a walk-in clinic. We support employee financial health through a 401k match, ESPP, and employee discounts. Work/life balance is our foundation and is supported through paid holidays, and paid time off (including time to volunteer). We foster a diverse work environment through Employee Resource Groups and diverse strategic partnerships. 

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please login or create an account to apply to this position. Principals only. EOE

*As reported by Financial Planning magazine, June 1996-2016, based on total revenue.

Our Company:

LPL Financial, the nation’s largest independent broker/dealer since 1996* and the fourth largest broker/dealer overall, serves as an enabling partner to more than 14,000 independent financial advisors and approximately 700 financial institutions. Since its formation decades ago, LPL has focused on one primary mission -- enabling independent financial advisors to bring objective and un-biased financial advice to millions of Americans. 

Headquartered in Boston, San Diego, and Charlotte, and powered by more than 3,300 client-centric employees, LPL is financially strong and growing.

Our Culture:

If you join LPL, you will join a culture that believes in delivering a world-class client experience and looks to all employees to contribute to that goal by sharing their creativity, experience, and passion for continuous improvement. As a destination of choice, our top priorities are growth and development, social responsibility, and financial health for our employees. 

We offer competitive compensation and industry leading benefits, including a wellness facility with onsite fitness classes, healthy meal choices, and a walk-in clinic. We support employee financial health through a 401k match, ESPP, and employee discounts. Work/life balance is our foundation and is supported through paid holidays, and paid time off (including time to volunteer). We foster a diverse work environment through Employee Resource Groups and diverse strategic partnerships.  

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please login or create an account to apply to this position. Principals only. EOE

* As reported by Financial Planning magazine, June 1996-2016, based on total revenue.

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