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!
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 Investment Oversight Manager is responsible for overseeing the Private Trust Company's exercise of investment discretion and ensuring compliance with legal and regulatory requirements, including prudent investor statutes and OCC Regulation 9.
Responsibilities:
- Owns the initial and annual Regulation 9 investment review program
- Performs initial and on-going due diligence on delegated outside investment advisors
- Oversees exercise of investment discretion for non-delegated accounts
- Manages the unique and hard to values assets team, including real estate and closely held business
- Chairs the Trust Investment Committee
- Ensures consistency in adherence and application of investment policy and procedures and remains aware of any changes in areas of risk and compliance that would result in a necessary change in policy
- Identifies and controls potential investment related conflicts of interest
- Refines data analytics and metrics reporting, maintains dashboard reporting and owns in-business controls for the investment function
- Business lead on the coordination and oversight of investment management responses provided for compliance testing, internal audits and OCC and other regulatory exams
- Develops and maintains the investment policy statement and other investment forms and documents
- Provides ongoing technical training program for investment colleagues
- Serves as investment SME for PTC and enterprise projects and strategic initiatives
- In partnership with Legal and other lines of defense, monitors, advises and helps resolve litigation, client complaints and account servicing losses related to investments
- Independently identify and resolve exceptions and issues
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:
- Bachelor’s Degree
- 10+ years experience in the financial industry
- 5+ years in an OCC regulated bank
Preferences:
- Certified Trust and Fiduciary Advisor or Chartered Financial Analyst (CFA)
- Experience managing a two to three person team
Pay Range:
$80,720-$121,080/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.
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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.