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The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at LPL Financial.As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our recruiters will explain what type of interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions that you have. You can also email us at
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VP, Advisor & Institution Compensation

Job ID: R-013456 Date posted: 04/07/2021 Primary Location CA-San Diego Other Locations SC-Fort Mill

LPL Financial is seeking an experienced Business Owners to be responsible for the Strategy and Execution/Implementation of new systems & solutions that support Advisor and Institution Compensation needs and requirements.

This will report directly to the SVP of Client Compensation, and will matrix via colocation to the Product Owner in each functional agile pod.  This individual will be a key liaison role in analyzing the backlog of Compensation solution opportunities and their priority on behalf of the business, in alignment with the Operations Transformation Strategy, and the broader LPL Flexible & Nimble Program.

Essential Duties and Responsibilities

  • Provide expertise in the LPL commissions system and assessing areas of improvement for the Transformation to a new core system for the firm
  • Thought leadership on the selection and implementation of Payroll (or Incentive Compensation Calculation) solutions for the firm to support Institutions at scale and also other affiliation models requiring/desiring Payroll support
  • Management of and negotiation with vendors on solutions and requirements in development of industry leading/competitive offerings
  • Assess Risks and understanding of significant control needs within the Compensation function and solutions that seek to limit any manual efforts on the team to ensure compliance.
  • Manage business needs and requirements as representative.
  • Communicate all information to leadership according to agile.
  • Communicate with critical business partners as needed for requirements and transparency of transformation efforts – particularly with LPL Product and Technology teams
  • Support Large Onboarding events as needed including planning and engagement with clients directly
  • Drive troubleshooting and resolve escalated production issues.


To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor's Degree in Finance or related field with a minimum of 10 years' relevant experience in Wealth Management or related field.
  • Strong demonstrated leadership, mentorship, and team management capabilities.
  • Preferred experience :  Lean, Six Sigma Green or Black Belt, Design Thinking, or Agile-Scrum Methodology
  • Preferred experience:  Advisor compensation experience with broker/dealer.
  • Preferred experience:  Knowledge of the Bank & Credit Union space as it pertains to investment programs
  • Strong project management skills
  • Strong communication and relationship management skills across lines of business
  • Experience serving as liaison between IT and business functional areas
  • Experience as a liaison between sales and operations
  • 10+ Years of business systems analysis or business process design experience or a combination of both

Required Skills and Abilities

  • Adaptable and highly self-motivated in pursuing intelligent automation and emerging technologies.
  • Solid experience in presentation and excellent verbal/written communications.
  • Solution oriented, synthesizing and analytical skills.
  • Excellent collaboration skills, ability to achieve results through vendors, and team members, proficient organizational skills, demonstrated passion for execution excellence and agility.
  • Strong execution ability and a sense of urgency.
  • Executive presence and ability to simplify complex concepts for consumption by senior business leaders.
  • Business acumen in wealth management or related fields is highly desirable.
  • Ability to effectively interact with the full spectrum of disciplines necessary through the development lifecycle (i.e. Business Process Design, Analysis, Functional / Technical Design, Development, Architecture)
  • Change Agent, able to define the future state and implement change as necessary
  • Proven ability as a structured, logical thinker
  • Rich experience with formal quality systems, such as Lean and Six Sigma
  • Creative, flexible and an experienced practitioner; with a growth mindset and superior collaboration skills.


  • Bachelor’s in Accounting, Finance, Mathematics, Computer Science, Information Technology, or Engineering degree from an accredited University or College

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!

We take social responsibility seriously. Learn more here

Want to see info on our benefits?  Learn more here

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 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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