SVP, Supervision & Controls Risk Management

LPL Financial is seeking a Senior Vice President, Supervision & Controls Risk Management (“SCRM”) leader within LPL’s Operations Organization.
As a trusted business leader, you will drive outcomes, lead cross-functional teams, and contribute to the deep and thoughtful analysis that enables our leadership team to make informed decisions regarding the strategic vision of LPL Operations Risk and Supervisory framework.
This role will be based in the greater Phoenix, AZ area.
The ideal candidate for this role has a combination of strong business acumen, a supervisory, risk, and control mindset, and technology experience to assist with the development and delivery of automation-based, cutting edge supervisory and transaction monitoring platforms.
We want strong collaborators 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 improvements to our supervisory and controls risk framework with the goal of driving easy to comply, highly efficient and transparent supervisory tools, systems and procedures that align with the company’s goal to help advisors grow and thrive with LPL.
The Supervision & Controls Risk Management Team is an independent first line group within LPL Operations responsible for providing supervisory and controls risk management support through supervisory/risk controls oversight, testing, analysis, and risk assessments, to LPL’s Operations organization.
SCRM’s vision is to be a trusted partner of all LPL stakeholders that promotes business growth through lean, efficient processes and routines to create an optimized, effective, supervisory controls and risk management experience for our operations teams.
We strive to improve business outcomes by providing and applying practical, consistent, effective, and unbiased risk guidance that is grounded in deep understanding of LPL’s goals as well as the regulatory and industry environment.
You will be responsible for the overall build out, management and success of the SCRM team and gain a full understanding of all aspects of LPL’s operation, products, and platforms while working with various business units across the firm to manage and control risk.
This role will embrace strategic, entrepreneurial, analytical, product, broker dealer clearing and project management skillsets to support scalable growth.
Responsibilities: Supporting Operations management and staff by providing strategic direction regarding execution on the core supervision and controls performed by these groups.
Lead the SCRM team to ensure SCRM members are assigned to business/corporate function partners in the development, execution, and evaluation of supervisory and risk management controls, written supervisory and operations procedures designed to achieve desired outcomes and experiences (e.
g.
compliance with regulatory rules and firm policies, effective and efficient risk management, excellent customer/advisor experience, excellent employee experience, etc.
).
Initializing, driving, and institutionalizing a sustained and focused effort to enhance Operations broker dealer licensing and supervisory control structure and achieve high quality standards.
Provide executive level thought leadership for the broker dealers Supervisory and Risk Management including involvement in risk identification and mitigation at the enterprise level.
Working with individuals from staff to executive level in the various support units within LPL Financial including Technology, Service, Trading, Product Management, Business Development, Compliance, Legal, and Risk acting as the voice of Operations to complete the various functions above, providing education and direction necessary to enable a culture of compliance and partnership.
Interfacing with regulators and effectively assessing control structure to identify potential areas of weakness or opportunity.
Collaborate with key business partners across the firm to ensure alignment on overall supervision and risk management control strategy as well as identify and communicate opportunities to drive greater value and efficiency at the advisor level and reduce regulatory and operational risk.
Collaborate and advise on the development of new product and service offerings, systems, and vendors assessing their overall risk and impact to the execution of the operations supervisory model.
Develop and promote vision, goals and key measures that communicate progress, risks, issues, and approach to execution that support continuous learning, efficiency and transparency.
Respond to internal and external audit and regulatory matters involving the firm’s operations supervisory framework, procedures, and controls.
Lead any change management or reconciliation efforts in response to such matters.
Acting as a servant-minded leader to identify, lead, train, mentor and develop team members in the execution of daily operations with a mindset on cultivating senior leaders who evidence good judgment, are empowered to make risk-based decisions, and who, ultimately, may be ready to assume greater responsibilities within SCRM/or Operations Risk Management.
Requirements: Bachelor’s degree preferred or equivalent 10+ years of leadership work experience.
12+ years of experience in compliance or risk management related roles within financial services, preferably wealth management, including significant experience in broker dealer operations.
Extensive experience in supervision, surveillance, product, operational, or regulatory risk related roles is preferred.
10+ years of management experience.
Proven experience successfully leading a function of similar size, scale, complexity and regulatory oversight.
Series 7 & 24 (within 90 days of start date).
Demonstrated success running a supervisory/risk-balanced model while driving transformation, continuous improvement and efficiency, including the ability to manage and prioritize competing objectives to drive optimal outcomes.
Expertise in operations and securities product knowledge with deep understanding of respective supervision and all categories of financial and non-financial operations risks.
Extensive interaction with regulatory agencies and proven ability to manage regulatory relationships.
Demonstrated ability to forge solid relationships with senior management teams interdepartmentally and cross-functionally, as well as having a client-centric relationship focus.
Demonstrated developing, cultivating, and leading strong, high-performing teams in an agile environment.
Proven ability to promote the risk management vision, appetite and methodology thru effective team building, process improvement, change management, resource management, and associate development (Six Sigma/Lean skills are viewed favorably).
Actively anticipates, identifies, and manages risks within position scope and at the company.
Up to 25% travel may be needed.
Pay Range: $208,520-$312,780/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.
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.
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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.