Associate Analyst, Corporate Actions

Where Ambition Meets Innovation

Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

Job Overview:

We are seeking a candidate who ideally has previous experience in the financial services industry, preferably with a background in dividends (mutual fund or equity), corporate action events, including voluntary/mandatory reorg events, restricted security processes, proxy, and/or shareholder communications.  The Associate Analyst responsibilities may include monitoring corporate action events including analyzing and drafting terms for reorg announcements, processing of complex allocations, exception processing review and analysis, account reconciliation, submitting restricted stock certificates for restriction removal or reregistration, and facilitate stock option exercises.  They will handle inbound calls and team mailboxes to support inquiries from advisors, internal and external parties. This role is advisor facing so strong interpersonal and communication skills (written and verbal) is needed to be effective in the role. 

Responsibilities:

• Leverage technology to automate manual work and simplify processes where feasible to create a highly scalable, flexible, and efficient infrastructure.
• Understand and interpret regulatory requirements and industry updates in an ever-changing regulatory environment, and the business needs of LPL, our advisors, and other departments.
• Responsible for daily quality control, exception review processing and reporting.
• Analyze and manage the firm’s DRIP program, ensuring compliance with industry guidelines.
• Research and escalate allocation issues to our domestic and foreign depositaries.
• Reconcile suspense and clearance accounts, resolving breaks, and security and suspense transaction reviews adhering to established quality control measures and procedures.
• Analyze downgraded or new corporate action events, update or draft terms and key information to communicate with advisors for domestic and foreign securities.
• Research restricted stock certificates with various 3rd parties including Transfer Agents, Issuers, Legal Counsels and others to determine requirements and eligibility for restriction removals and re-registrations.
• Partner with our Financial Professionals and external companies to facilitate Employee Stock Option Exercises.
• Effectively and confidently communicate with other internal departments as well as external 3rd parties including, but not limited to, contra brokers, transfer agents, issuers, vendors, and partners to resolve issues, broker and ACAT fails or submit claims.
• Be a subject matter expert (SME) on operational policies and procedures. Assisting with the review, and update of Training Manuals and creation of new ones as needed.
• Handle inbound and outbound calls and the team mailbox, research and reply to inquiries from advisors and service team. Research and process service requests that are created by service teams.
• Support and contribute toward the successful execution of projects and initiatives that support LPL’s priorities. Participate in UAT.
• Other assignments as required by Management.

What are we looking for?

We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients

succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements:

• 3 years plus of financial and/or brokerage industry experience, preferably in operations
• Proficient in Microsoft applications, particularly Excel and Outlook

Core Competencies:

• Excellent problem-solving skills, strong attention to detail, ability to analyze data, draw insights, and make data-driven decisions.
• Ability to multi-task various functions and assignments with competing priorities, changing demands, and tight deadlines.
• Effective and proactive communicator with strong written and verbal communication skills in dealing with advisors, internal and external parties, vendors, and different levels of management.
• Ability to execute strategies and track successful delivery.
• Positive attitude with a commitment to excellence and integrity.

Preferences:

• BA/BS (or equivalent work experience)
• FINRA SIE, 99 or 7 licenses