Are you a team player with a growth mindset? 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!
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.
Responsibilities
The Assistant Vice President is responsible for providing holistic supervision and operational day-to-day support to the firm’s enterprise advisor teams and employee advisors.
- Additionally, the Assistant Vice President is responsible for leading strategic projects as defined by the senior management team and collaborating with management at all levels throughout the firm. This individual will work closely with leadership from our Field Management, which serves as the business owner of the employee model and practice acquisitions as well as the enterprise owners and individual advisors.
- The AVP role will act as a key stakeholder in the supervision, recruitment, onboarding, and daily service experience for enterprises and advisors joining the employee model.
- Supervision – Responsible for researching and resolving sales practice concerns escalated by the supervisory team and other departments within Compliance, Legal and Risk. Ensure employee advisors understanding and compliance with all firm’s policies and procedures. Will also act as main point of contact for supervision related questions
- Service Management – Will be responsible for supporting the Vice President and the enterprise model supervisory team with escalations while maintaining positive relationships enterprise owners, employee advisors and stakeholders throughout the firm. The Assistant Vice President will proactively engage and coordinate with the Field Management team and other internal departments to socialize concerns and escalated matters with senior leaders as needed. Engage in regular supervisory office visits (SOVs) with employee advisors and enterprise owners in order to promote company supervisory practices, follow up on audit findings and proactively addressing potential compliance issues.
- Strategic Projects and Initiatives – Focus on leading departmental initiatives that create efficiencies, streamline processes, and improve risk mitigation capabilities that align with corporate goals.
- Service Oriented – The Assistant Vice President should demonstrate the ability to establish solid relationships, be a strong collaborator, and deliver a world-class client experience
- Production Management – Through metrics and reporting, will monitor workload and staffing for the employee advisors to ensure staff adheres to service level agreements. Strategize with management on approach to build or change current processes / procedures, including resource needs, requirements with which to comply, timeline for implementation, and ways with which to actively supervise these processes.
- Must possess the ability to interpret FINRA, SEC, and state regulations and develop and apply certain policies and procedures within the scope of the current regulatory environment in an attempt to mitigate risk and protect the firm. Must be able to communicate status and project outline to management and set the specific direction of a project, lead, and maintain an overall vision of the initiative/project
Other Job Responsibilities
- Interact appropriately and confidently with Senior Management as well as enterprise owners and staff.
- Prioritize tasks and project management
- Serve as a key contact for internal departments, such as Field Management, Operations, Service Center, and various departments across Compliance, Legal and Risk (CLR).
- Anticipate the needs of LPL Financial and the CLR organization in order to be able to define next steps with projects and other functions and be able to independently drive/execute projects.
- Identify specific regulatory issues, the application of regulatory requirements, and provision of advice on these rules and create and maintain internal policies, controls, etc.
- Identify and report significant gaps in policy, procedure and controls to management, while offering corrective actions for consideration and implementation.
- Up to 25% travel
Requirements
- 7+ years experience in supervision, compliance and/or regulatory matters.
- 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)
- Experience in all Microsoft applications; particularly, Excel, Word, Access, and PowerPoint
- Strong industry acumen, self-starter and the ability to work independently
Preferred Skills
- Undergraduate degree in Business, Accounting, Finance, or related discipline preferred
- Excellent oral and written communication skills
- Ability to multi-task, prioritize, problem solve, trouble shoot and follow-up are essential in this role
- Ability to identify problem areas, analyze risk for LPL Financial and develop policy, procedure and controls to effectively supervise and mitigate said risk
- Must work well under competing deadlines and possess strong organizational skills
- Prior leadership/team management experience
- Experience leading employee advisors and/or branch management experience
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.
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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.
