Associate Analyst, Settlement Operations

LPL Financial; Tempe (AZ); On-site; USD 34,000 - 56,000; Full time

Job summary

LPL Financial is seeking an Associate Analyst in the Settlements team in Tempe, AZ. You will provide problem-solving, reporting, project, and training support across settlement processes, with expertise in 2-3 areas, and assist leadership on business-improvement projects.

The role requires 2+ years in brokerage/finance or 1+ year settlements experience, strong analytical skills, and proficiency with Microsoft Office. Collaboration with Trading, Treasury, and Operations will be key to success.

Qualifications

• 2+ years’ experience in the brokerage and financial services industry, or 1+ year of direct Settlements Experience.
• Strong analytical and problem solving skills with a keen attention to detail.
• Proficient with Microsoft Office applications (Excel, Word, PowerPoint).
• Excellent oral and written communication skills.

Responsibilities

• Reconciling trade settlement and transfer fails for various securities.
• Performing surveillance of trade obligations through daily reports.
• Balancing net settlement figures between General Ledger accounts (DTCC, NSCC, CNS, BONY).
• Training and guiding junior associates on processes and improvements.
• Executing Buy-ins and monitoring short holdings to control positions.
• Collaborating with Trading, Purchase & Sales, Treasury, and Operations Control to run the business smoothly.
• Working with leadership to drive process improvements across the team.

Skills

Analytical thinking

Communication skills

Attention to detail

Time management

Education

Bachelor’s Degree

FINRA SIE or Securities Registration

Tools

Microsoft Excel

Microsoft Word

PowerPoint

SQL macros

V-Lookups

Job description

Where Ambition Meets Innovation

Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

Where Ambition Meets Innovation

Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

The Associate Analyst role within the Settlements department will be responsible for providing problem-solving, reporting, project and training support to the Settlements team, and continuing to provide strong process level support to multiple sides of the team. This will require the Associate Analyst to have a foundational level of knowledge of all team processes with expertise in 2-3 subjects. Support leadership on business improvement projects.

Responsibilities

• Reconciling trade settlement and transfer fails to receive/deliver for equity and fixed income securities, metals, alternative investments, and international securities
• Performing surveillance of trade obligations through daily reports for Municipal Bond, DVP, Penny Stock and CNS Trades and providing documented QC of reports generated by others
• Balancing net settlement figures between General Ledger accounts for DTCC, NSCC, CNS, Bank of New York (BONY), and Fidelitrade
• Offering strong problem solving to reconcile complex stock record breaks and supporting junior associates through training and learning
• Executing Buy-ins and maintaining surveillance on short holdings of both securities and cash to ensure control of firm-level and client-level positions
• Partnering with Trading, Purchase & Sales, Treasury, and Operations Control to help run a sound business
• Working with senior analysts, and leadership to drive improvement for the business through dedicated efforts on team projects

What are we looking for?

We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements

• 2+ years’ experience in the brokerage and financial services industry, or 1+ year of direct Settlements Experience

Core Competencies

• Strong analytical and problem solving skills with a keen attention to detail
• Proficient to Advanced with Microsoft Office, particularly Excel, Word, PowerPoint
• Excellent oral and written communication skills
• Ability to perform under pressure with competing deadlines

Preferences

• Bachelor’s Degree from an Accredited University
• FINRA SIE or Securities Registration
• Prior Experience in an Analytical Role
• Experience using SQL macros and V-Lookups

#LPL-PA

Pay Range:

$24.46-$40.80/hour

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.

Company Overview

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

For further information about LPL, please visit www.lpl.com.

Join the LPL team and help us make a difference by turning life’s aspirations into financial realities.

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 [phone].