Product Analyst, Alternative Investments

LPL Financial•San Diego, CA

About The Position

The Investment Product Management team within LPL’s Wealth Management Solutions (WMS) group is responsible for delivering a highly competitive set of investment solutions. The team’s goal from an investment product management perspective is to enhance our clients’ experience and our firm’s economic and risk profiles. This role will be responsible for the onboarding of private, non-traded alternative investment products for both new sales and for custody only. The Product Analyst will also perform due diligence to evaluate whether certain alternative investment products can transfer to LPL from other firms for custody only. The Product Analyst will coordinate with multiple parties internally and externally in a fast-paced environment to meet tight deadlines. This includes collaborating closely with our legal teams on reviewing and editing selling and service agreements. The Product Analyst will ensure these products are operationally set up with accuracy across our systems to support business. This individual will work closely with alternative investment fund managers via email, phone calls, and web meetings on a frequent basis. Will respond to feedback and requests from LPL Financial advisors. Effective team collaboration is imperative as the Product Analyst will collaborate closely with our Alternative Investment Trading and Operations teams, Supervision, Accounting, Compliance, Risk, and Legal teams to ensure we are business ready to support new products we onboard for sale and custody only. The ability to operate in partnership with other teams within WMS and across the organization is also critical to the role. The position requires a candidate to manage fluid priorities and dynamic situations in a team environment.

Requirements

Bachelor's degree with related experience in the financial services industry
2+ years broker dealer, investment management, wealth management, or related financial services experience
Core Competencies:
Ability to accept and understand feedback and apply to working style
Deep understanding of private alternative investment product operations and industry regulations
Excellent quantitative and analytical skills
Ability to learn new internal systems
Ability to provide, accept and apply feedback for improvement
Ability to work and communicate quickly and accurately

Nice To Haves

Experience interacting with asset managers and advisors preferred.
Experience with investor service preferred
Experience with due diligence preferred
Experience with investment operations and the ability to advance projects and handle advisor escalations are baseline skills required of the role
Experience working with investment-oriented systems and analytical software including Excel and Tableau.

Responsibilities

Perform onboarding of alternative investment products for new sales and custody only – including the setup of the product in LPL’s systems such as security master, digital trading platform, commission platform, and advisor access to investor kits.
Manage service electronic mailboxes.
Respond to ad hoc requests.
Update education module, forms and disclosures.
Document end-to-end workflow between fund manager and LPL operations.
Manage product pipeline and product closures of products actively offered for sale.
Manage product requests and status for custody only.
Manage digital platform product documents, data, due dates, and details.
Record committee minutes.
Track and Update progress on multiple ongoing projects.
Conduct due diligence on products requested to transfer to LPL from other firms.
Contribute to the evolution of the process.
Analyze large product lists from new merger and acquisition initiatives and onboard those eligible products for custody only.
Own the resolution of specific issues with advisors or fund companies.