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VP, Ops Fraud Risk

Job ID: R-016698 Date posted: 08/02/2021 Primary Location CA-San Diego Other Locations SC-Fort Mill

Would you like to pursue a career in finance, strategy related to fraud prevention?

Are you solution-oriented and passionate about delivering results?

Do you like thinking outside the box, learning new skills and problem solving?

Excited to learn more? If so, then this could be the role for you! 

LPL Financial is one of the nation's leading financial services companies and a publicly traded company under ticker symbol LPLA.  We support over 18,000 financial professionals—including over 14,000 independent advisors, more than 700 financial institutions, and over 4,000 institutional clearing and technology subscribers. We enable advisors to focus on their clients by reducing the complexity of running their practice and we support their business by offering enabling technology, comprehensive clearing and compliance services, practice management programs and training, and independent research. At LPL, we take care of our advisors, so they can take care of their clients. And Technology is at the center of our mission.

Job Overview:

The Fraud Operations Leader is responsible for setting strategy for front line fraud detection.  Innovation and ability to assess data for opportunities to achieve efficiencies is critical to the role as the team develops and maintain a studio of preventative and detective alerts used to identify different types of fraudulent activity.  A successful candidate will have an ability to collaborate across multiple business lines such as Compliance, Legal, AML, Operations, Privacy Office, and others.  Ability to effectively communicate strategy, performance metrics, and resource needs is essential.

The leader will also lead incident response and root cause analysis when a fraud event occurs.  Fraud Operations has a team located in both Fort Mill, SC and San Diego, CA. 

Responsibilities:

  • Execute and enhance annual Fraud Risk Assessment

  • Assisting in the design and development of LPL’s comprehensive fraud program

  • Developing target state reporting to increase awareness of fraud risk trends

  • Applying subject matter expertise to the prioritization and planning of projects in conjunction with fraud operations policies and strategies

  • Engaging with key internal partners on various relevant risk mitigation activities and initiatives

  • Must be able to effectively provide updates and communicate key initiatives to senior management

  • Review of post-fraud escalations from FCC including subsequent actions (account system notes, account restrictions, recall of funds, identification of related accounts)

  • Fraud reporting development, issuance and fraud trending analysis. 

  • Development and maintenance of enhance fraud policies and procedures

  • Training to Service, Trading, and Operations organizations of how to identify fraudulent documentation and disbursement requests

  • Continuous relationship building with internal partners throughout LPL

  • Monitoring and keeping abreast of current fraudulent trends in the industry

  • Assist Analysts with escalating potential risks

  • Analyze effectiveness of alert suite and make changes as necessary

  • Present to Fraud Governance Committee and senior leadership

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.

Requirements:

  • Bachelor’s Degree or equivalent industry experience required

  • 5+ years of Fraud experience required

  • 5+ years of Management experience required

  • Working knowledge of regulatory requirements (preferably AML / Fraud)

  • Proficient in MS Office (Word, Access, Excel, PowerPoint, Visio)

Core Competencies:

  • Risk management experience preferred

  • CFE and CAMS preferred

  • High level of analytical skills and problem-solving

  • Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines

  • Proficient in MS Office (Word, Access, Excel, PowerPoint, Visio)

  • Excellent written and verbal communication skills with the ability to present information in differing degrees of details and form depending on the audience

  • Strong judgment and experience with escalation of matters and recommended solutions

  • Able to adapt to changing priorities with attention to detail and quality assurance

  • Excellent written and oral communication and presentation skills

  • Ability to synthesize volumes of complex information and distill it into varying degrees of detail for various audiences, including senior management of the Firm

  • Ability to prioritize key deliverables, multi-task and work well under pressure and tight deadlines

  • Ability to multi-task in a fast-paced environment

  • Effective communicator with strong written and spoken communication skills

  • Self-starter; must be a thought-leader, strategic thinker, and independent decision-maker

  • Excellent time management and organizational skills

  • Working knowledge of data analytics

  • Proven ability to manage, lead and motivate teams of varying experience, knowledge and skill sets

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 @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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