AVP, Supervisory Principal, Employee Model

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.

Job Overview

The Assistant Vice President is responsible for providing day-to-day and consultative supervision support to the firm’s enterprise advisor teams and employee advisors. This position will be responsible for the holistic supervision of assigned advisors, and responsible for resolving escalated, complex issues received by the supporting supervisory team. This role will also be responsible for maintaining ongoing relationships with advisors by acting as a main point of contact to educate, guide, and assist them with maintaining a compliant business.

Additionally, the AVP 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 team, which serves as the business owner of the employee model and practice acquisitions.

The Assistant Vice President will engage and coordinate with the Field Management team and other internal departments to socialize concerns and escalated matters with senior leaders as needed. 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.

Responsibilities

Develop and maintain a deep understanding of each office’s business and Field Management StructureServe as a key contact for internal departments, such as Field Management, Operations, Service Center, and various departments across Compliance, Legal and Risk (CLR).Identify specific regulatory issues, the application of regulatory requirements, provide proactive consultative guidance 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 solution oriented corrective actions for consideration and implementation.Engages in regular supervisory office check-ins with assigned advisors and branches in order to promote company supervisory practices, follow up on audit findings and proactively addressing potential compliance issues to minimize risk to the client, the branch and the firm.Identifies suspicious patterns in sales and business practice. Conducts investigations and appropriate corrective action, as needed, in collaboration with supervision management and other internal business units.Assist with regulatory exams and requests as well as assist with other internal investigations and reviews relative to supervised advisors and branches.Partner with the Transition team on onboarding and training of new employee advisors and branches on supervisory-related policy and procedure.Interact directly with Field Management Business Partners at all levels.Exercise additional judgement as it relates to the nuances of the employee model and risk/liability to LPL.

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

7+ years of experience in supervision, compliance and/or regulatory mattersSeries 7, 9 and 10 (or Series 24, Series 4 & 53) and Series 66 (or 63 and 65) are required.

Core Competencies

Strong industry acumen, self-starter, and the ability to work independently.Ability to multi-task, prioritize, problem solve, troubleshoot, and follow-up is essential in this role.Must work well under competing deadlines and possess strong organizational skills.Excellent oral and written communication skills.Focus on delivering great customer service and accurate information.Excellent management, and human relations skillsAbility to interact appropriately and confidently with Senior Management.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.

Preferences

Prior leadership/team management experience preferred.Experience leading employee advisors and/or branch management experience preferred.Undergraduate degree in Business, Accounting, Finance, or related discipline preferred.

Pay Range

$97,760-$146,640/year

Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!

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 (855) 575-6947.