Manager, CPS: Specialized Services Supervision

LPL Financial•Charlotte, NC

4d•Onsite

About The Position

The Supervision Manager of Complex Product Supervision: Specialized Services is a full-time position within LPL’s Client Success organization. This position is responsible for the administration of Complex Product Supervisors engaged in the oversight of trades in Alternative Investments, Structured Products, Non-traditional ETP, Offshore Products, and Cryptocurrency Related Products for LPL Financial Advisors and OSJ Managers. The Complex Products Specialized Services Manager will be responsible for leading and developing a staff of subject matter experts, in addition to coordinating and strategically executing the oversight functions of Complex Product Supervision.

Requirements

Series 7, Series 66 or (63 and 65), Series 24 or (9 and 10) required
5-7 years’ experience in compliance and regulatory matters
Strong knowledge of complex products (Alternative Investments, Structured Products, Non-traditional ETP, Offshore Products, and Cryptocurrency Related Products)
Strong industry acumen, self-starter and the ability to work with minimal supervision
Ability to multi-task, prioritize, problem solve, trouble shoot, and follow-up is essential in this role
Ability to define problem areas and analyze risk for LPL Financial and develop policy, procedure and controls to effectively supervise and mitigate said risk
Must work well under competing deadlines and possess strong organizational skills
Excellent oral and written communication skills
Strong knowledge in all Microsoft applications, particularly, Excel, Word, Access, and PowerPoint

Responsibilities

Responsible for hiring, training, and motivating staff. The Manager will provide ongoing support, coaching, feedback and developmental opportunities to address staff needs in order to engage them and help them be more effective and successful. The Manager will conduct staff meetings, team meetings, and one on one meetings in addition to goal setting and conducting employee evaluations, criteria’s which include quality control and oversight.
Must handle escalations and maintain positive relationships with Advisors, OSJ Managers, and internal relationships throughout the firm.
Must ensure staff adheres to service level agreements. Must also analyze, coordinate, and define risk for LPL in the scope of impending rule changes, business model needs, risk-based mitigation approaches that may yield changes to functions, and departmental requirements. Strategize on approach to build or change current processes / procedures, including resources needed, requirements with which to comply, timeline for implementation, and ways with which to actively supervise these processes. Understand and interpret rule requirements and the impact of their changes, and understand the business needs of LPL, our advisors, and other departments. Must be able to communicate status and project outline to management and set the specific direction of a project, lead, and maintain an overall vision of the initiative/project
This position will also include responsibility for leading special projects as defined by the management team and collaborating with employees at all levels throughout the firm.
Analysis of current/proposed policies, controls and required rules. Must possess the ability to interpret federal and state regulations and develop and apply certain policies and procedures within the scope of the current regulatory environment in an attempt to mitigate risk and protect the firm
Interact appropriately and confidently with Senior Management.
Prioritize tasks and project management
Serve as a key contact for internal departments, such as Operations, Service Center, Legal and various departments across Governance, Risk, and Compliance (GRC).
Anticipate the needs of LPL Financial and the GRC organization in order to be able to define next steps with projects and other functions and be able to independently drive/execute projects.
Identify specific regulatory issues, the application of regulatory requirements, and provision of advice on these rules and create and maintain internal policies, controls, etc.
Identify and report significant gaps in policy, procedure and controls to management, while offering corrective actions for consideration and implementation.