Associate Analyst, Corporate Actions

LPL Financial Services•Tempe, AZ

37d•$24 - $40

About The Position

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 voluntary and mandatory events, restricted security processes, or proxy/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 facilitating stock option exercises. Strong interpersonal, organization, and communication skills (written and verbal) as well as the ability to develop internal and external relationships are needed to be effective in the role. 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

2-3 years of financial and/or brokerage industry experience, preferably in operations
Proficient in Microsoft applications, particularly Excel, Word, Access, and Outlook
Excellent problem-solving skills, strong attention to detail, ability to analyze data, draw insights, and make data-driven decisions.
Strong 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.

Nice To Haves

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

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 depositories
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
Perform detailed bank and client reconciliations and daily settlements for LPL's cash sweep programs, and ensure that internal controls are performed accurately and timely
Facilitate the approval and establishing of collateral/pledged accounts with 3rd party banks and internal partners
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 calls and the team mailbox, research and reply to inquiries from advisors and service teams. 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