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SVP, Compliance Monitoring, Testing & Risk Assessment

LPL Financial

LPL Financial

Legal
Fort Mill, SC, USA · Charlotte, NC, USA · Fort Mill, SC, USA · Charlotte, NC, USA
Posted on Thursday, June 6, 2024

The SVP, Compliance Monitoring, Testing, & Risk Assessment is a critical member of the Compliance leadership team and is responsible for overseeing the Firm’s Surveillance and Branch Inspections programs, Compliance testing program, and Compliance Risk Assessment program. The right candidate for this role will be a critical and creative thinker, with a deep understanding of the wealth management industry, and a strong foundation in surveillance, testing, and risk assessment principles. The successful candidate will also have strong communication skills, with the ability to distill information to the macro level for an executive audience, as well as drill into the critical details underlying a particular risk or issue and have complete command of the issue.

Responsibilities:

  • Oversee the surveillance function in its execution of a risk-based monitoring and testing program, evaluating the effectiveness of sales practices and related controls.
  • Provide executive oversight and direction to the Branch Inspections program, including support of the broader team of nationwide Branch Examiners in their execution of the program.
  • Oversee the Compliance testing program in its creation of an annual risk-based test plan, informed by the Compliance risk assessment, regulatory requirements, and regulatory exam priorities, as well as execution of the ongoing program.
  • Oversee the continued enhancement of a centrally-administered Compliance Risk Assessment that identifies, evaluates, and documents the firm’s greatest compliance risks.
  • Engage with, advise, and oversee Supervision / Client Success and partner with stakeholders across the Firm to identify, escalate, and address key risk issues.
  • Provide leadership, coaching, employee training, problem resolution, and day-to-day functional guidance to Compliance staff.
  • Advance and oversee productivity, efficiency, and alignment initiatives within the team and across the broader Compliance organization.
  • Engage with key external partners (vendors, peers at other firms, industry committees) for benchmarking and information sharing to facilitate building a best-in-class program.
  • Drive the further use of data analytics and other risk identification techniques and technologies to both mitigate risk and provide for scalability.
  • Influence firmwide understanding of where the Firm has the greatest concentrations of risk.
  • Manage and develop a high-performing team to execute on the responsibilities described above.

Requirements:

  • 15+ years in wealth management.
  • 10+ years in risk management or compliance.
  • Background as senior leader in wealth management compliance or supervision.
  • A strong understanding of broker-dealer and investment adviser regulation.
  • Strong executive communication skills with both technical and non-technical audiences.
  • Strong operational excellence and talent management skills.
  • Both detail-oriented, with the ability to drill in at the micro level to fully understand root causes and controls, as well as strategic ability to see the big picture and prioritize initiatives and work accordingly.
  • Have a high level of commitment and follow-through; ability to manage multiple initiatives and tasks concurrently with minimal supervision.
  • High EQ, operating in a collaborative and inclusive manner.
  • BA/BS degree or equivalent industry experience required.
  • Experience in implementing compliance technology platforms and tools (e.g., Mantas) preferred.
  • Working knowledge of data analytics preferred.


Pay Range:

$184,480-$276,720/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.

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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.