Supervisory Principal, Onboarding Supervision and OBA

LPL Financial•Fort Mill, SC

5d•$62,727 - $104,545

About The Position

The Onboarding Supervision and Outside Business Activities Team is responsible for conducting due diligence reviews of prospective advisors seeking to affiliate with LPL Enterprise. The Supervisory Principal reviews Outside Business Activities (OBA), Private Securities Transactions (PST), and office sharing requests to ensure compliance with firm policies and regulatory requirements. This role partners closely with multiple departments across LPL, as well as Prudential partners, to facilitate the onboarding and supervision process.

Requirements

3+ years of experience in financial services, with a focus on compliance reviews involving outside business activities
Prior client-facing experience with a demonstrated ability to confidently communicate complex issues, explain regulatory requirements, and ask thoughtful, open-ended questions
Knowledge of FINRA, SEC, and state regulatory rules and requirements
Licensing: FINRA Series 7, Series 24, and Series 63 or Series 66
Ability to work effectively in a fast-paced, high-volume environment while maintaining flexibility and prioritizing competing demands
Customer focus, collaboration skills, time management, organizational abilities, and written and verbal communication skills
Attention to detail, sound judgment, and strong problem-solving and follow-through capabilities
Experience with Adobe, all Microsoft applications, particularly, Excel, Word, and PowerPoint; Familiarity with Salesforce a plus
Customer service skills with the ability to communicate effectively across all levels of the organization
Ability to make sound regulatory and risk-based decisions to support daily supervisory responsibilities
Demonstrated commitment to proactive collaboration and service-oriented responses when addressing escalated issues and business partner concerns

Nice To Haves

Familiarity with Salesforce

Responsibilities

Conduct due diligence reviews of prospective advisors affiliating with LPL Enterprise as a first-line Supervisory Principal
Review Outside Business Activity (OBA) and Private Securities Transaction (PST) requests for prospective advisors to ensure compliance with firm policies and applicable state and federal regulations
Consult with prospective advisors regarding outside business activities, private securities transactions, and office sharing arrangements
Research, investigate, and address situations where firm policies or regulatory requirements are not being followed
Interact with prospective advisors, business partners, internal departments, and senior leadership to evaluate and communicate compliance determinations, while supporting special projects and investigations
Assist with research and responses to regulatory inquiries, including branch examinations
Contribute to departmental initiatives, including policy enhancements, process improvements, and training efforts
Perform additional duties, projects, and responsibilities as assigned