Associate Analyst, Operations

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. What if you could have access to cutting-edge resources, a collaborative environment, and the freedom to make an impact? If you're ready to take the next step, discover what’s possible with LPL Financial.

Job Description

The Stock Record team reconciles books and records positions per regulatory requirements of a clearing firm.  The team also processes share class conversions, Exchange Funds, private transaction accommodations and private stock transfers. The ideal candidate will need to aide in the daily processing, implementation and ongoing support for break reconciliation. If applicable to the candidates product experience candidate could also help with the transactions listed above.  The candidate will also need to write and edit procedures for the team, working closely with Risk Management on their upkeep.  The candidate will also need strong interpersonal, organization and communication skills (written and verbal) to be effective in the role. 

Responsibilities:

• Manage daily processing tasks as required.
• Reconcile and analyze reports. Responsible for daily quality control, managing error rates, exception review processing and daily reporting. 
• Analytical skills to reconcile suspense accounts and validate transactions to ensure compliance with regulatory policies and procedures.
• Communicate with trading, compliance, legal and operation departments as well as external contra brokers to resolve issues.
• Research and process service requests that are created by service teams.
• Develop risk based mitigation approaches that may yield changes to functions, and departmental requirements.
• Understand and Interpret rule modifications in an ever changing regulatory environment, and understand the business needs of LPL, our advisors, and other departments
• Developing quality service standards and processes to create a consistent service experience
• Handle escalations by both the Service Center and Advisors
• Other assignments as required by Management

Required Qualifications:

• 2+ years of industry experience (preferably corporate actions) in Operations
• 2+ years of mutual funds experience

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
• Excellent verbal and written communication skills

Preferred Qualifications:

• MS Excel experience (macros and vlookups)
• Project management and escalation leadership experience
• SQL, Alteryx, VBS experience preferred
• Knowledge of legal and regulatory environment provided by Federal Regulators (SEC), Self-Regulatory Organizations (FINRA) and State Regulatory Departments
• Bachelor Degree Preferred
• SIE preferred

 

Pay Range:

$20.84-$34.73/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 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(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 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 thriving businesses. For further information about LPL, please visit www.lpl.com.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to