VP, First Line Risk Management, Data Risk Governance

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 Overview:

The role reports directly to the SVP, Operations Risk & Controls under the Principal Operations Officer (“POO”) for LPL Financial. The position is a leadership role involved with participating in many areas within First Line Risk Management and being the team leader over the management, development, reporting, communication and thought leadership for First Line Data Governance, Operations Resiliency and Access Management Governance. The leader’s organization supports First Line Data Governance, Key Risk Indicators (KRI), data sourcing and formatting for Risk Reporting insight and monthly reporting, governance of the Beta Platform (Beta TPX and Thomason One), Operational Efficiency Tracking and risk liaison for development of and training in emerging risks within the Data and Access Management Risk domain. The leader and their team are responsible for the access controls and identity governance of Beta TPX and Thomson One applications, collaborating closely with InfoSec IAM Ops, 1st and 2nd line risk partners and internal business stakeholders throughout the first line business units. The leader also is responsible for executing as the point person for Operations Risk and Controls within the Data Center of Excellence (COE), working closely with, and developing deeper relationships with Operations Data Management teams and 2nd line Data Governance.

Responsibilities:

• Be the foremost thought leader in the First Line for the identification of risks in the management of data, including EUCs, data lineage, data integrity, single source of the truth and identification of gaps within current processes when it comes to data management

• Partner with Operations, Service and Trading sub-departments on bottoms up KRI and OKR development and reporting on a go forward basis, continuing to delve deeper until forward looking metrics and risk thresholds are developed

• This leadership role is the Product Access and Governance Owner for the Beta Platform in the Operations Organization who own’s roles and access entitlements in collaboration with the IAM team in Technology

• Governance of a formal identity and access management program for the Beta platform to enhance the governance of BORD restrictions, QC and control environment

• Produce monthly and ad hoc reporting and dashboards for executive leadership across Operations, Service and Trading for Risk Management

• Experience in operations, preferably with a Broker-Dealer, and securities product knowledge with strong understanding of respective controls and all categories of financial and non-financial operations risks

• Understand the Beta related business reporting, data and emerging risk and technology need/trends, and apply a risk lens to their process to drive proper risk reporting, data analysis and support

• Work with the Head of First Line Risk Management to establish and manage quarterly working groups with executive leadership of Operations, Service and Trading to deliver both risk and business reporting and dashboards while handling follow up escalations

• Perform query and reporting analysis in support of data and risk within the Service, Trading and Operations departments which will include documenting data sources and mappings

• Develop and maintain reports and dashboards for Regulatory Reporting, Fraud Operations, Operations and First Line Risk Management within Tableau and PowerBI

• Leveraging Tableau, R-Studio, PowerBI, Alteryx and other analytical tools, identify trends or patterns to uncover issues that need to be addressed

• Both lead and conduct research throughout the team, using analytical tools including visualization and statistical methods, while educating the team and end users/clients of the process, intangibles, and product

• Will collaborate closely with individuals throughout the organization including Operations, Technology Risk, ERM, Compliance, Legal, Technology and Data Management, from staff to senior level to complete the various functions above, providing education (teaching) necessary to enable a culture of risk management

• Manage work and projects with minimal oversight and take them from inception to execution, while partnering across the organization and defending challenge to work products and ideas

• Develop and maintain procedures to enhance opera