SVP, Advisory CCO and Head of Product & Platform Compliance
Job ID: R-004290 Date posted: 08/27/2018 Primary Location SC-Fort Mill
The SVP, Advisory CCO and Head of Product & Platform Compliance will serve as a senior leader in the firm’s Compliance, Legal & Risk (CLR) organization.
This individual will serve as the Chief Compliance Officer for LPL’s registered investment adviser (the “corporate RIA”) and be responsible for the execution of compliance and risk management functions across the firm’s various product and platform offerings, including: corporate advisory programs, Research, outside RIA (“hybrid”) oversight, packaged products, retirement services, insurance, and the Private Trust Company (PTC). Additionally, the role includes responsibility for the firm’s conflicts management program, and the Code of Conduct and Code of Ethics.
This individual will be located in the firm’s Fort Mill office and will report to the firm’s Chief Compliance Officer. The role includes leading a large team of compliance professionals spread across the firm’s Fort Mill, San Diego, Boston and Cleveland locations.
•Working collaboratively with the business across the above-listed coverage areas in the development of new products, services and initiatives to promote efficient and compliant growth and a positive experience for advisors to do business with LPL
•Advising business units and financial advisors on the impact of regulatory changes, events and exams
•Designing policies, procedures and training, and drafting compliance-related communications
•Assisting with responses to regulatory exams and inquiries
•Performing regular and ad hoc compliance risk assessments including assessing the risk inherent to the various business activities, analyzing the firm’s front-to-back control environment, and delivering recommendations regarding potential remediation and enhancement
•Overseeing and assisting with the completion of remediation projects as well as certain control implementations
•Leading a large team of compliance professionals with varied backgrounds; providing direction and motivation to ensure a positive, open and collaborative working environment, and career development opportunities
Related Job Duties:
•Participate in various governance and oversight committees, including the Supervision and Surveillance Governance Committees, Product Review Committees, the Key Controls Forum, and various project-related steering committees and working groups
•Provide occasional updates to the Risk Oversight Committee
•Serve as a back-up to the Chief Compliance Officer as needed
•Interact with financial advisors and field leaders to help solve issues, improve advisor experience, and maintain a compliant and efficient growth environment
•Attend and present at various LPL conferences, as well as industry forums
•Maintain a thorough and up-to-date understanding of all relevant investment advisory, brokerage, retirement, insurance and trust-related laws, rules, and regulations, and the associated regulatory and market environments
•Interact and collaborate with the CLR management team, Legal, business leaders, regulators and government agencies and industry associations
•Bachelor’s degree required; JD, MBA a plus
•FINRA Series 7 and 24 required
•Minimum of 10-15 years relevant experience
•Extensive/expert level knowledge within the investment services space; particularly with investment advisory compliance
•Proven general management skillset; particularly around strategy development, operational excellence and execution; and talent management
•Ability to create positive engagement; be a “multiplier”
•Agility and adaptability to meet changing business needs
•Exhibits executive presence in presentations and interactions with regulators, management and other team members
•Ability to forge solid relationships with advisors, business leadership, and CLR management and colleagues
•Effective change and project management skills; propensity for continually improving processes
About LPL Financial:
LPL Financial is a leader in the retail financial advice market and the nation’s largest independent broker/dealer*. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions. LPL and its affiliates have more than 3,700 employees with primary offices in Boston, Charlotte, and San Diego.
If you join LPL, you will join a culture that believes in delivering a world-class client experience and looks to all employees to contribute to that goal by sharing their creativity, experience, and passion for continuous improvement. As a destination of choice, our top priorities are growth and development, social responsibility, and financial health for our employees.
We offer competitive compensation and industry leading benefits, including a wellness facility with onsite fitness classes, healthy meal choices, and a walk-in clinic. We support employee financial health through a 401k match, ESPP, and employee discounts. Work/life balance is our foundation and is supported through paid holidays, and paid time off (including time to volunteer). We foster a diverse work environment through Employee Resource Groups and diverse strategic partnerships.
Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please login or create an account to apply to this position. Principals only. EOE
*As reported by Financial Planning magazine, June 1996-2017, based on total revenue.
LPL Financial was founded with a pioneering vision: to help entrepreneurial financial advisors establish successful businesses through which they could offer truly independent financial guidance and advice. Today we provide an integrated platform of proprietary technology, brokerage, and investment advisory services to over 13,500 financial advisors as the nation’s largest independent broker/dealer,* making us a leading distributor of financial products in the United States. In addition, we support over 4,000 financial advisors with clearing services, advisory platform, and technology solutions.