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Sr Supervisory Principal

LPL Financial

LPL Financial

People & HR, Operations
Multiple locations
Posted on Tuesday, June 4, 2024

Are you a team player? Are you curious to learn? Are you interested in working in meaningful projects? Do you want to work with cutting-edge technology? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you!

Excited to learn more? If so, then this could be the role for you!

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 22,000 financial advisors, 1,100 institution-based investment programs, and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

Job Overview:

The Regional Supervisory Principal, Home Office Supervision is responsible for the holistic supervision of HOS advisors and OSJ managers in their designated region. The Regional Supervisory Principal (RSP) is responsible for resolving escalated, complex issues received by the supporting supervisory team while. Responsible for maintaining ongoing relationships to HOS advisors and/or OSJ managers by acting as a main point of contact to educate, guide, and assist them with maintaining a compliant business.

The Regional Supervisory Principal will be supported by a supervisory team responsible for ensuring that the assigned financial advisors are meeting the standards and requirements of supervision set forth by regulatory agencies and the Firm.

Responsibilities:

  • First line supervisory responsibility for HOS advisors and/or OSJ managers

  • Responsible for researching and resolving sales practice concerns escalated by the supervisory team and other departments within Compliance, Legal and Risk

  • Proactively engage with regional supervisory team daily to form a collaborative environment amongst team members.

  • Ensures advisor and OSJ understanding and compliance with all firm and industry requirements by proactively communicating the firm’s policies and procedures.

  • Strong soft skills and ability to provide exceptional service while maintaining positive relationships to HOS advisors, OSJ Managers and support staff.

  • Must have the ability to communicate across all departments at LPL to resolve escalated issues.

  • Act as main point of contact for supervision related questions.

  • Engages in regular supervisory office visits (SOV’s) with assigned HOS advisors and OSJ Managers to promote company supervisory practices, follow up on audit findings and proactively addressing potential compliance issues to minimize risk to the client, the OSJ and the firm.

  • Identifies suspicious patterns in sales and business practice. Conducts investigations and appropriate corrective action, as needed, in collaboration with supervision management and other internal business units.

  • Identifies and executes training based on advisor needs and opportunities.

  • Actively monitor the supervisory systems for their assigned advisors and OSJs and assist in the resolution of heightened transaction review issues and various other situations where the first line supervisor must be involved and make the final decision.

  • Acts as a conduit of information between the Home Office and the field to assist with problem solving.

  • Assist with regulatory exams and requests as well as assist with other internal investigations and reviews relative to supervised advisors and OSJs.

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements:

  • Undergraduate degree in Business, Accounting, Finance, or related discipline preferred.

  • A minimum of 7+ years compliance and industry experience

  • A minimum of 3 years in a direct supervisory capacity

  • Series 7, 9 and 10 (or Series 24); Series 4 & 53 (or Series S24); Series 66 (or S63 and S65)

Core Competencies:

  • Extensive knowledge of mutual funds, annuities, alternative investments, general securities, and other financial products required.

  • Ability to work in a fast paced/high volume environment and be flexible with work schedule.

  • Strong knowledge of FINRA SEC, and State rules and regulations

  • Ability to develop compliance systems and strategies for effective supervision.

  • Focus on delivering great customer service and accurate information.

  • Ability to multi-task, strong attention to detail, excellent problem-solving and follow-up skills are essential for this position.

  • Excellent oral and written communication skills

  • Ability to make regulatory and supervisory-based decisions will be necessary to complete the day-to-day functions of the role and for staff support in their role as Branch Office Manager

  • Proactive collaboration and service-based responses with business partners on escalated issues and concerns is essential.

  • Excellent management, and human relations skills

Preferences:

  • #LI-Remote, #RemoteTX, #RemoteNM, #RemoteOK, #RemoteAR, #RemoteLA, #RemoteCO, #RemoteKS #RSP #Relationship #SupervisoryPrincipal


Pay Range:

$78,720-$118,080/year


Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play – such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!


Why LPL?

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.

We are one team on one mission. We take care of our advisors, so they can take care of their clients.

Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

Want to hear from our employees on what it’s like to work at LPL? Watch this!

We take social responsibility seriously. Learn more here

Want to see info on our benefits? Learn more here

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities. Please log in or create an account to apply to this position. Principals only. EOE.

Information on Interviews:

LPL will only communicate with a job applicant directly from an @lplfinancial.com email address and will never conduct an interview online or in a chatroom forum. During an interview, LPL will not request any form of payment from the applicant, or information regarding an applicant’s bank or credit card. Should you have any questions regarding the application process, please contact LPL’s Human Resources Solutions Center at (855) 575-6947.