Analyst, Mutual Funds Operations

LPL Financial•Charlotte, NC

4d•$26 - $44

About The Position

The Mutual Fund Trade Corrections team processes trade corrections, settles them and reconciles books and records positions per regulatory requirements of a clearing firm. The team also runs various compliance reports including breakpoint and corrects trades accordingly. The ideal candidate will need to aide in the daily processing, implementation and ongoing support for breakpoint, corrections and settlement reconciliation. If applicable to the candidates product experience candidate could also help with the transactions listed above. The candidate will also need to have an understanding of data analysis, and reporting tools and technology in general to effectively analyze business requirements, track project status, and translate business needs into technical requirements. The candidate will also need strong interpersonal, organization and communication skills (written and verbal) to be effective in the role.

Requirements

3+ years of industry experience (preferably corporate actions) in Operations
2+ years of trading and/or corrections experience
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

Nice To Haves

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 and either Series 7 or Series 99 preferred

Responsibilities

Manage daily processing tasks
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.
Review complex escalations and operational problems, summarize these issues and give key information to communicate with advisors.
Communicate with trading, compliance, legal and operation departments as well as external contrabrokers to resolve issues.
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.
Leverage technology to automate manual work and simplify processes where feasible to create a highly scalable, flexible, and efficient infrastructure.
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