Senior Margins Specialist

Are you passionate about delivering solutions to LPL’s financial advisors? Are you results-oriented, agile-minded, and able to work in a team or independently? Do you like thinking outside the box, learning new skills and problem solving? 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.

Job Overview:

The Senior Operations Specialist’s role in the Margins department includes daily monitoring and maintenance of items not limited to margin call activity, debit balances, and trade-related items within LPL Financial accounts according to firm and regulatory guidelines.  Senior Specialists are responsible for handling escalations from other team members and have a good knowledge of margin regulatory guidelines. Additionally, the Senior Specialist assists management with the completion and review of various risk-based reports and projects. 

Responsibilities:

• Intermediate problem solving of issues identified on daily risk reports and decision making over potential risk items such as options and regulatory violations, including initiating sales, buy-ins, and trade corrections.
• Effectively through escalation resolution. Ownership of all tasks, follow-up, enforcement, and escalation of unresolved items.
• Reviewing, calculating, reconciling, communicating, and enforcement of firm and regulatory guidelines as it relates to margin calls and maintenance requirements.
• Monitoring, analysis, communication, and enforcement of firm and regulatory guidelines as it relates to Trade related items and Regulation T requirements.
• Resolving issues, including researching and resolving non-Trade items, such as short positions, debits.
• Reviewing and completing various departmental reports associated with Risk based reporting.
• Interacting daily with LPL Financial Advisors, department management as well as various departments within LPL Financial to meet firm and regulatory deadlines.

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, preferably in Finance or related field
• 1+ years’ experience of general brokerage industry knowledge

Core Competencies:

• The ability to work in a cross-functional team and multi-task in a fast-paced, deadline driven environment 
• The ability to prioritize responsibilities to ensure deadlines provided by regulators and firm are followed, along with the ability to identify, understand, and manage firm risk 
• Strong communication skills, both written and oral, and willingness to speak up, talk to advisors and stakeholders 
• Ability to lead training for newly hired employees
• Strong organizational and analytical skills with demonstrated ability to evaluate business opportunities and evaluate results against established objectives

Preferences:

• Margins experience or Operations experience
• Understanding of BETA
• Analytical mindset and experience working with data and reporting
• Financial instrument experience (trading equities, fixed income, CDs)
• Proficient with Microsoft Excel and Access
• FINRA Securities Industry Essentials (SIE) certification, Series 7 or 99

 

Pay Range:

$16.73-$27.88/hour

 

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