Manager Operations - Cash Management

Job Overview:

The Cash Management Operations Manager is responsible for leading a team of associates and the supervision of cash management processes for quality, adherence to risk and regulatory requirements when reviewing and approving client and business partner transactions. We are seeking a candidate who has previous banking and or broker-dealer experience, specifically in cash/banking or Fraud Prevention. The ideal candidate will need to aide in the design, implementation and ongoing support of various projects and process improvements activities while managing a multi-facet team that processes time sensitive high risk client transactions. This position requires a strong leader who can identify, develop and lead a diverse team responsible for delivering on our Mission and Values.

Responsibilities:

• Responsible for the oversite for the team and activities of operational money movement including Wires, ACHs, Check Disbursements and Check Deposits
• Provide ongoing support, coaching, feedback and developmental opportunities to address team members needs in order to engage them and help them be more effective and successful
• Drive a performance management culture to ensure associates are able to meet organizational goals.
• Support in creation, modification, implementation and oversight of controls, risk mitigation tactics and strategies.
• Creates and supports a team culture of continuous improvement by identifying new and betters ways to do things.
• Understand and interpret rule modifications in an ever changing regulatory environment, and understand the business needs of LPL, our advisors, and other departments
• Deliver an exceptional advisor and client experience possible through operational and service excellence delivery
• Create and foster partnerships across the organization to support and meet shared objectives
•  Handle escalations and inquiries by Service partners, Advisors and key business partners

What are we looking for?

The ideal candidate will have a client-first customer service oriented mind-set from a financial background, with strong attention to detail, problem-solving skills, and excellent verbal and written abilities. Candidate will be able to contribute positively to a team-focused environment, driving both growth and innovation.

Requirements:

• 3+ years of experience in financial services industry or bachelor’s degree
• Intermediate – Advanced Microsoft Office experience (Outlook, Excel, Teams, OneNote, Word)

Core Competencies:

• Ability to work independently in a fast paced environment with multiple priorities
• Ability to work with and communicate effectively to various levels throughout the organization.
• Ability to learn multiple aspects of the Financial Services industry and understand how it all connects
• Ability to identify and mitigate risk by adhering to department and firm policies and procedures.

Preferences:

• Proficient in developing new ideas to mitigate risk and improve current processes
• Experience with Lean Problem Solving and other Lean methodologies
• Excellent verbal and written communication skills
• Strong analytical and influencing skills with the ability to develop creative solutions for complex problems.
• Strong attention to detail with a pro-active approach to solving and preventing problems
• SIE and Series 7 or 99 license or ability to acquire

 

 

Pay Range:

$66,788-$111,313/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!

 

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace. LPL supports over 29,000 financial advisors and the wealth-management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriv