VPII, Operational Risk Management

LPL Financial•Charlotte, VA

About The Position

LPL Financial’s Operational Risk Management organization is seeking a VPII to lead the continued maturity and execution of key initiatives across the firm’s Operational Risk program. The role partners with stakeholders at all levels to design, implement, and execute processes and capabilities that help LPL manage its operational risk exposure. The VPII manages a team responsible for key components of the program, which aims to identify, assess, mitigate, report, and monitor the firm’s Operational Risk environment.

Requirements

10+ years of experience in the financial services industry; experience at a regulated entity is highly preferable.
Experience implementing and executing key elements of an Operational Risk Management (ORM) or Enterprise Risk Management (ERM) program, such as risk assessments, risk appetite, and issues management.
Experience communicating complex materials to an executive-level audience.
Ability to engage on initiatives at both the strategic/design level and the tactical, day-to-day execution level.
People management experience.

Nice To Haves

Bachelor’s degree in a related field.
12+ years of experience in the financial services industry; experience at a regulated entity is highly preferable.
Experience with a Governance, Risk and Control (GRC) system.
Working knowledge of FINRA and SEC rules and regulations and their impact on a broker dealer.
Demonstrated financial services enterprise risk experience with a strong understanding of risk frameworks and senior-level reporting.

Responsibilities

Work with Business Units to implement and continually improve Operational Risk programs, including issues management, risk event identification, risk indicator metrics, and risk and control self-assessments (RCSA).
Liaise with Risk and Compliance teams to define program requirements, including ad hoc risk assessments, policy and procedure development and enhancements, senior management and Board risk reporting, and other Operational Risk functions.
Partner with Business Unit leaders to provide Operational Risk insights and guidance in support of business objectives.
Lead a team and foster an environment where team members feel informed, valued, and supported.
Provide proactive guidance and oversight to enterprise-wide initiatives; synthesize complex problems and present them clearly to senior leadership.
Develop testing and rating methodologies for controls, policies, and procedures.