SVP, Overlay Trading

LPL Financial•San Diego, CA

2d•$202,704 - $337,840

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: The Senior Vice President of Overlay Trading is responsible for delivering highly scalable trading solutions to LPL’s Centrally Managed Advisory programs. This includes the trading function for these programs along with service and operational components specific to Centrally Managed program offerings. The programs include the Unified Managed Account (UMA), Separately Managed Account (SMA) and MF/ETF wrap programs. This leader’s team is comprised of over 60 team members and their assets under management is more than $200B. The SVP of Overlay Trading is a leader on the Advisory Programs team within the Wealth Management organization at LPL. It partners closely with the Advisory Programs team, Product and Technology teams, third party vendors for platform capabilities, as well as other key stakeholders in delivering a leading outsourced trading solution to clients. The leader must develop and regularly refresh strategies to improve the quality and scalability of this service (technology, vendor, and human capital) as it continues to grow and evolve.

Requirements

Bachelor’s degree required; CFA or MBA preferred
Series 7, 65/66 required. Series 24 preferred.
15+ years of experience with 10+ years of specific experience in leading large-scale investment advisory trading teams
Knowledge in managed accounts, tax management, and future state platforms including familiarity with competition (broker-dealers, RIA custodians, TAMPs, etc.)
Knowledge of commercial trading platforms offered by third-party vendors (InvestCloud, VestMark, MyVest, Charles River Development, etc.)

Responsibilities

Translate strategic directives into actionable plans and operational procedures.
Balance the delivery of excellent advisor/client experiences while driving operational efficiency. Specific focus on supporting the build out of emergent tax overlay capabilities, advisor utilization of alternative investments, and increased advisor flexibility within the UMA.
Develop talent and maintain a high-performance culture.
Enhance metrics and accountability aligned with company objectives.
Build partnerships to deliver necessary change and innovation.
Lead large teams and complex initiatives.
Influence and collaborate across internal and external stakeholders.
Drive change management and deliver measurable business outcomes.
Engage with top clients on escalations and feedback.
Recruit, develop, and retain top talent.