Associate Analyst, Settlement Operations

LPL Financial LLC; Tempe (AZ); On-site; USD 33,000 - 55,000; Full time

Benefits offered by this job

401K matching

Health benefits

Employee stock options

Paid time off

Volunteer time off

Job summary

LPL Financial Holdings Inc. invites applications for an Associate Analyst in the Settlements department in Tempe, AZ.

This role focuses on problem-solving, reporting, project and training support for settlement processes across multiple teams. Responsibilities include reconciling trade settlements, enforcing surveillance, and balancing figures with major ledger accounts while collaborating with Trading, Treasury and Operations.

Qualifications

• 2+ years’ experience in the brokerage and financial services industry, or 1+ year of direct Settlements Experience.
• Bachelor’s Degree from an Accredited University preferred.
• Experience using SQL macros and V-Lookups.

Responsibilities

• Reconciling trade settlement and transfer fails for equity and fixed income securities; metals and international securities.
• Perform surveillance of trade obligations through daily reports and QC of reports.
• Balance net settlement figures between General Ledger accounts (DTCC, NSCC, CNS, BONY, Fidelitrade).
• Provide training and mentorship to junior associates; support leadership on improvement projects.
• Partner with Trading, Purchase & Sales, Treasury, and Operations Control to run a sound business.

Skills

Analytical skills

Problem solving

Attention to detail

Communication skills

Education

Bachelor’s Degree

FINRA SIE or Securities Registration

Tools

Microsoft Excel

SQL macros

V-Lookups

Microsoft Word

PowerPoint

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.

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.

We're 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

#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 thriving businesses. 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. EAC 5.19.26 LPL Financial is the nation's largest independent broker-dealer. Our company is widely known for its financial strength, exceptional service, and favorable industry reputation among financial professionals. To understand who we are, it's important to know our core belief: financial guidance is a fundamental need for everyone. LPL Financial creates the space to let you do what you do best – create personal, long-term client relationships that turn financial aspirations into realities. Each year, thousands of financial professionals successfully manage billions of dollars in assets. Because our company is not too big and not too small, you can seize the opportunity to make a real impact. To learn more about our organization visit our About LPL page. As reported by Financial Planning magazine, June 1996-2019, based on total revenue.

Information on Interviews

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.

EOE

EOE.

Principals only

Principals only.

Join the LPL team

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

Benefits Resources

Want to learn more about the benefits of working at LPL?