Associate Analyst, Stock Records

LPL Financial•Tempe, AZ

About The Position

The Stock Records team reconciles books and records positions in accordance with 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 will support daily processing, implementation, and ongoing break-reconciliation activities. Depending on the candidate’s product experience, the role may also support the other transactions handled by the team. The position includes writing and editing team procedures and working with Risk Management to maintain them. The role requires strong interpersonal, organizational, and written and verbal communication skills. The Associate Analyst will manage mutual fund trade correction requests, perform reconciliations and quality control, communicate with advisors and internal and external partners, research and process service requests, and contribute to risk mitigation and service-process improvements. The position also requires interpreting changes in the regulatory environment and understanding the business needs of LPL, its advisors, and other departments.

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 and communicate effectively with people at 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.
Strong interpersonal and organizational 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, and VBS experience.
Knowledge of the legal and regulatory environment overseen by federal regulators (SEC), self-regulatory organizations (FINRA), and state regulatory departments.
Bachelor’s degree.
SIE preferred.

Responsibilities

Manage daily mutual fund trade correction requests through the dynamic system and check submitted work.
Calculate billing when a trade correction results in an applicable loss.
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 complete 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.
Understand and interpret rule modifications in a changing regulatory environment, and understand the business needs of LPL, advisors, and other departments.
Develop quality service standards and processes to create a consistent service experience.
Handle escalations from the Service Center and advisors.
Write and edit team procedures, working with Risk Management to maintain them.
Support daily processing, implementation, and ongoing break reconciliation; depending on product experience, assist with share class conversions, Exchange Funds, private transaction accommodations, and private stock transfers.
Complete other assignments as required by Management.