The SVP of Equity & Option Trading is responsible for leading all aspects of equity and option trading in support of over 20,000 advisors and institutions. As a member of the Trading Executive team, the SVP will provide strategic direction to deliver a leading advisor and client experience, through oversight of staff responsible for service delivery, trading operations, order routing, best execution and market center relationships.
Equity and Option Trading Operations. Leadership of the firm’s equity and options trading organization which handles incoming electronic and phoned in trades on behalf of registered investment advisors, financial institutions, money managers, internal portfolio managers and retail clients.
Service Delivery – Ensure that regional and remote trading staff meet service level standards in a high volume, high risk, fast paced environment.
Advisor & Client Experience – Capture voice of customer and partner cross functionally to deliver and drive adoption of digital tools, product capabilities and services to create a leading overall platform experience
Risk Management – Identify, establish and apply financial and regulatory risk related controls.
Best Execution – Lead the firm’s equity and option order routing practices and best execution obligations.
Employee Experience – Create an enriching employee experience that attracts and retains top talent, develops strong leaders and creates cultural connection for both office-based and remote workers.
Vendor Management - Develop and maintain market center and industry relationships to drive positive outcomes for customers and the firm.
Collaboration – Work with a diverse group of cross-functional teams to drive creative and continuous improvements
What are we looking for?
We want strong collaboratorswho 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.
10+ years of experience building and leading trading teams, preferably with a self- clearing broker dealer
Experience in advisor/client-facing roles in the financial services industry
Familiarity with trading technologies, order management systems and rebalancing platforms
Deep knowledge of equity and option market structure, order routing practices and best execution guidelines
FINRA licenses 4,7,24,57 and 63 or equivalent
An ability to effectively engage, influence, develop and motivate teams in a hybrid (office and remote) environment
Superior communication skills with the ability to interact effectively at all levels of the organization
An ability to anticipate and plan for changes in the business model, growth and corresponding volumes
$179,560-$269,340/yearThe salary range is dependent on a number of factors, including the applicant’s skill, experience, and work location.
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.