Associate Analyst, Stock Records

LPL Financial•Tempe, AZ

4d•$21 - $35

About The Position

The Stock Records team reconciles books and records positions to meet regulatory requirements for a clearing firm. The team also processes share class conversions, Exchange Funds, private transaction accommodations, and private stock transfers. The Associate Analyst supports daily processing, implementation, and ongoing break-reconciliation activities. Depending on relevant product experience, the role may also support the transactions listed above. The position involves writing and editing team procedures and working with Risk Management to maintain them. Strong interpersonal, organizational, and written and verbal communication skills are important to success in the role.

Requirements

At least 2 years of industry experience in Operations.
Ability to work independently in a fast-paced environment with multiple priorities.
Ability to work with and communicate effectively with various levels throughout the organization.
Ability to learn multiple aspects of the financial services industry and understand how they connect.
Excellent verbal and written communication skills.

Nice To Haves

At least 2 years of mutual funds experience.
MS Excel experience, including macros and VLOOKUPs.
Project management and escalation leadership experience.
SQL, Alteryx, or VBS experience.
Knowledge of the legal and regulatory environment governed by Federal Regulators (SEC), Self-Regulatory Organizations (FINRA), and State Regulatory Departments.
Bachelor's degree.
SIE.

Responsibilities

Manage daily mutual fund trade correction requests through a dynamic system and check submitted work.
Calculate billing when a trade correction results in an applicable loss, and communicate with and provide service to advisors when a loss is assessed.
Reconcile and analyze reports; perform daily quality control, manage error rates, review exceptions, process exceptions, and prepare daily reporting.
Communicate with trading, compliance, legal, and operations departments, as well as external contra brokers, to resolve issues.
Research and process service requests created by service teams.
Develop risk-based mitigation approaches that may result in changes to functions or departmental requirements.
Interpret rule modifications in a changing regulatory environment and understand the business needs of LPL, its advisors, and other departments.
Develop quality service standards and processes to create a consistent service experience.
Handle escalations from the Service Center and advisors.
Complete other assignments as required by management.
Support daily processing, implementation, and ongoing break reconciliation.
Write and edit team procedures and work with Risk Management to maintain them.