Job ID R-026424Date posted 10/24/2022Primary Location MA-RemoteOther Locations NY-Buffalo , NH-Dover , NY-New York ,NY-Rochester
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 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 VP of Operational Risk will be responsible for the identification and assessment of emerging and ongoing firm risks. The VP will also be responsible for risk operations which includes liaising across corporate functions and key business partners including Product, Operations, Compliance, Legal, Technology, and Internal Audit.
Self-Assessments including process assessment and design, process mapping and risk assessments consistent with established policy standards, control design, monitoring, and self-assurance/quality testing.
Demonstrated ability to lead a team and create an environment where your team members feel informed, valued, and supported.
Proactively provide guidance and oversight to enterprise-wide initiatives with ability to synthesize complex problems and present them to management clearly.
Support prioritization, monitoring and management of numerous risk operations initiatives with varying levels of complexity, risk, duration and prioritization
Support the re-development of the risk system relating to the operationalization, reporting, and feedback of the firm’s GRC system, RSA Archer.
Identify ad-hoc risks through offline function channels and take areas of weakness through risk deep dives with independent insights.
Assists management with quarterly reporting, annual reviews and periodic updates of existing risks, controls, and procedures.
Evaluates the adequacy and effectiveness of policies, procedures, processes, systems and internal controls.
Develop testing strategies and methodologies to validate control design and operating effectiveness by independently validating and challenging current practices.
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.
Bachelor's degree in a related field; advanced degree preferred
5+ years of experience in enterprise risk management, or similar discipline (e.g., Internal Audit, Legal department) with career progression
Demonstrated financial services enterprise risk experience with a strong comprehension of frameworks and its interrelatedness to risk reporting
3+ years of experience in financial services industry with an emphasis on operations and compliance
Working knowledge of FINRA and SEC rules and regulations and how they impact a broker dealer
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.