Sr. Supervisory Principal

LPL Financial

12d

About The Position

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. What if you could have access to cutting-edge resources, a collaborative environment, and the freedom to make an impact? If you're ready to take the next step, discover what’s possible with LPL Financial. Job Overview: Sr. Supervisory Principal is responsible for serving as a supervision subject matter expert for LPL Financial Professionals across the country. This position will be responsible for supervising the appropriateness of transactions in brokerage and advisory accounts, ensuring advisors are meeting the standards and requirements of supervision set forth by regulatory agencies and the Firm.

Requirements

• Undergraduate degree in Business, Accounting, Finance or related discipline
• 5+ year’s industry experience in a compliance related function
• Series 7, 24 (OR Series 9 AND 10); Series 4 AND 53 required OR must pass within 120 days of employment (for candidates with S24); Series 66 (OR Series 63 AND 65)
• Work within a team environment to identify potential sales practice concerns
• Provide consultative support to clients
• Provide awareness across all BRM departments of any investigations, escalations, or emerging risks involving advisors and OSJs
• Knowledge of mutual funds, annuities, general securities, and other financial products required
• Knowledge of FINRA, SEC, and State rules and regulations required
• Ability to work in a fast paced/high volume environment and be flexible with work schedule
• Ability to multi-task, strong attention to detail, excellent problem-solving and follow up skills
• Excellent oral and written communication skills
• Ability to make regulatory and supervisory-based decisions
• Proactive collaboration and service-based responses with business partners on escalated issues
• Ability to develop compliance systems and strategies for effective supervision

Responsibilities

• Review of securities transactions on the electronic trade blotter for suitability and compliance with regulations and firm policy.
• Review of account-level & Reg BI alerts for brokerage and advisory accounts using LPL’s electronic supervisory tool suite.
• Review and approval of account documentation and correspondence.
• Analysis of transaction activity and identification of potential sales practice concerns.
• Collaboration with Regional Supervisory Principals and other business partners to escalate and resolve sales practice concerns.
• Supervise activity within the Advisory and RIA business models
• Review of full discretion and advisory fee credits/reversals
• Supervisory oversight of MSRB securities (municipal bonds, 529 College Plans)
• Supervisory oversight of Complex Products such as annuities, alternative investments, and structured products.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level