SVP - Internal Audit

Job Overview

The SVP, Internal Audit reports directly to the Chief Audit Executive (CAE). The CAE reports directly to the Audit Committee of LPL Financial and administratively to the President & CFO. The SVP, Internal Audit works very closely with the Business Unit senior leadership as well as other key leaders and control functions across the firm to evaluate and improve the effectiveness of risk management, internal controls and governance processes. This role operates in a highly regulated, fast-changing environment, ensuring compliance with FINRA and SEC regulatory requirements. It is responsible for leading risk-based internal audits of our operations while working collaboratively across the Internal Audit team.

Responsibilities:

Audit Strategy & Planning

• Develop and execute the annual audit plan for broker-dealer operations, aligned with regulatory requirements and organizational risk priorities.
• Identify emerging risks and adjust audit coverage accordingly.

Audit Execution

• Provide oversight and leadership of audit engagement’s planning, fieldwork, identification, development and documentation of audit issues, recommendations and their reporting.
• Ensure audit test work, including documentation and reporting, is executed in accordance with department and IIA standards and completed timely.
• Ensure effective reporting of audit results, monitor business unit manager implementation of corrective risk reduction plans and actions, and follow-up to measure the success of plans and actions taken.

Risk and Control Assessment

• Partner with other control functions to align common risk taxonomy and coordinate assurance and risk assessment activities.
• Effectively represent internal audit on enterprise-wide project teams, at management and board meetings, as well as to external parties and organizations.
• Comply with reporting systems that ensure timely identification and reporting of risk and control matters and prompt/early escalation of critical issues including follow-up to resolution.
• Provide guidance, direction and leadership towards seeking efficiencies in the organization without compromising its effectiveness.

Regulatory Compliance

• Monitor adherence to FINRA, SEC, and other applicable regulations.
• Partner with Compliance and Legal teams to address regulatory changes.

Stakeholder Engagement

• Develop and maintain effective relationships with senior leaders, and other key stakeholders.
• Provide advice and counsel to management on complex risk management and control issues and process improvements.
• Communicates complex risk issues clearly and concisely to diverse audiences.

Leadership

• Drive effective implementation of Internal Audit’s strategic objectives including continued use of data analytics to increase assurance and continuous monitoring activities.
• Acquire, develop and motivate high quality professional management and staff through effective recruiting, education and training, professional development, career counseling, and succession planning programs. Be a leader and a team player.

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:

• Bachelor’s degree is required, and an MBA is preferred
• CPA, CIA, CISSP, PMP or CISA certification is required
• The successful candidate will have a minimum of 15 year’s professional audit experience, including senior leadership responsibility in complex, regulated environments, and demonstrate a strong knowledge of broker-dealer operations and regulatory requirements.
• Solid understanding of risk and controls is expected
• Ability to proactively engage with stakeholders and communicate complex risk scenarios
• Possess significant business and personal leadership skills, initiative and independent judgment and responsible for developing, implementing and maintaining effective risk-based audit plans
• Demonstrate ability to exercise sound, independent judgement in complex and ambiguous situations.
• Proven ability to operate effectively in dynamic, highly regulated environments with complex challenges and competing priorities.”

Pay Range: