VP, Compliance Coverage

As a compliance professional, what inspires you? Do you feel empowered knowing that your work helps to protect the financial futures of every day Americans? Do you want to provide dynamic, risk-based advice in a successful and growing company? Are you interested in working on meaningful projects and being part of a team that is working to transform and do things differently? Do you want a position with a results-oriented company, competitive pay and benefits? 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.
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.
The Private Trust Company (PTC), an affiliate of LPL Financial LLC, is a growing, fast-paced, entrepreneurial business that assists families in transferring, protecting, preserving and managing wealth to future generations, charities and communities.
PTC is a national trust company with a unique business model that focuses on an open architecture investment management style, recognizing that clients are best served with a team of professionals with whom we will work.
We offer clients the sophistication of our experienced trust officers, combined with a high level of customer service.
Job Overview: Compliance Coverage Officers (COs) are a crucial ingredient in the ongoing success of LPL Financial.
This CO will be responsible for oversight of ERISA, Retirement, and Trust, inclusive of The Private Trust Company (PTC), products, services and platforms to ensure compliance with the various regulatory requirements impacting the firm, our advisors and the participants in the retirement plans.
As part of this responsibility, COs generally are responsible for maintaining relevant policies, developing a front-to-back understanding of the compliance risks and control frameworks associated with their area of coverage, performing risk assessments, and supporting business partners in managing compliance risk.
COs also engage with business partners to provide advice, guidance, and strategic support for key firm initiatives.
The VP, ERISA, Retirement, and Trust Oversight, will be located in either the Fort Mill, SC or San Diego, CA office within LPL’s Risk and Compliance organization.
The individual will lead the ERISA, Retirement, and Trust initiatives within the Compliance organization as work closely with our various business partners.
This position will work closely with LPL’s legal team, Retirement Partners, the CCO and their respective Leadership Teams.
Responsibilities: Control Oversight & Risk Assessment: Maintain a front-to-back understanding of compliance risks and controls.
Leverage insights provided by core compliance functions to proactively identify and document control gaps and partner with business owners to develop and execute remediation plans.
Business Strategy Support: Provide advice and support to business owners and identify creative and commercial solutions that enable responsible business growth while protecting the firm.
Policy Management: Develop and maintain policies and oversee the implementation of procedures that support compliance with the firm’s regulatory obligations and enable commercial success, in accordance with regulatory changes, business changes, and other changes.
Understand current rules and best practices related to the sale of securities and insurance products in the context of ERISA, Retirement and Trust.
Provide senior-level Compliance support to PTC and its senior management.
Member of the Trust Investment Committee Reg 9 review process Support prioritization, monitoring and management of numerous compliance initiatives with varying levels of complexity, risk, and duration.
Assist in the development of education and training content.
Maintain subject matter expertise through on-going education and training activities.
Ability to influence and interface effectively with all levels of management.
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 or higher Series 7, 24 and 65/66 preferred 8+ years of progressive experience in Legal, Compliance or Risk at a financial services firm with 8+ years of experience with ERISA, Retirement and Trust rules and regulations Core Competencies: Subject Matter Expertise: Maintain a thorough and up-to-date understanding of all relevant laws, rules and regulations related to ERISA, Retirement and Trust compliance.
Critical Thinking and Problem Solving: Compliance officers need to be able to recognize and evaluate problems, then identify potential solutions.
Leadership: Being effective as a compliance officer often involves helping management find new and creative ways to be profitable while maintain compliance standards that protect the Firm.
High ethical standards: Maintain high ethical standards while executing responsibilities of the role.
Preferences: Ability to work in a team-based environment, possessing confidence in decisions Ability to guide the Company through difficult and challenging decisions Excellent oral and written communication skills and the ability to interact at a senior level, both internally and externally Interpretative thinking and advanced analytical skills to problem-solve in often complex situations Experience at presenting at conferences and panels Experience interacting with regulators and regulatory agencies Ability to work in a fast-paced environment Pay Range: $140,560-$210,840/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.
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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.