Associate Analyst, Stock Records

LPL Financial Corp; Tempe (AZ); On-site; USD 29,000 - 48,000; Full time

Benefits offered by this job

401K matching

health benefits

employee stock options

paid time off

volunteer time off

Job summary

LPL Financial in Tempe is seeking an Operations professional for the Stock Records team to reconcile books and records, handle break reconciliations, and support share class conversions and private stock transfers. The role includes writing and updating procedures and coordinating with Risk Management to uphold regulatory standards.

The position requires strong interpersonal skills, the ability to manage multiple priorities, and delivering timely service to advisors while maintaining accuracy

Qualifications

• 2+ years of industry experience in Operations.
• Ability to work independently in a fast paced environment with multiple priorities.
• Ability to work with and communicate effectively to various levels throughout the organization.
• Ability to learn multiple aspects of the Financial Services industry and understand how it all connects
• Excellent verbal and written communication skills.

Responsibilities

• Manage daily mutual fund trade corrections requests through dynamic system.
• Check your work submitted.
• Calculate billing if there is an applicable loss for a trade correction.
• Communicate and provide service to advisors when a loss is assessed.
• Reconcile and analyze reports.
• Responsible for daily quality control, managing error rates, exception review processing and daily reporting.
• Communicate with trading, compliance, legal and operation departments as well as external contra brokers to resolve issues.
• Research and process service requests that are created by service teams.
• Develop risk based mitigation approaches that may yield changes to functions, and departmental requirements.
• Understand and Interpret rule modifications in an ever changing regulatory environment, and understand the business needs of LPL, our advisors, and other departments
• Developing quality service standards and processes to create a consistent service experience
• Handle escalations by both the Service Center and Advisors
• Other assignments as required by Management

Skills

Operations experience

Independent work

Communication skills

Financial services knowledge

Verbal and written communication

Education

Bachelor Degree

Tools

MS Excel

SQL

Alteryx

VBS

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.

Job Description

The Stock Records team reconciles books and records positions per regulatory requirements of a clearing firm. The team also processes share class conversions, Exchange Funds, private transaction accommodations and private stock transfers. The ideal candidate will need to aide in the daily processing, implementation and ongoing support for break reconciliation. If applicable to the candidates product experience candidate could also help with the transactions listed above. The candidate will also need to write and edit procedures for the team, working closely with Risk Management on their upkeep. The candidate will also need strong interpersonal, organization and communication skills (written and verbal) to be effective in the role.

Responsibilities

• Manage daily mutual fund trade corrections requests through dynamic system.
• Check your work submitted.
• Calculate billing if there is an applicable loss for a trade correction.
• Communicate and provide service to advisors when a loss is assessed.
• Reconcile and analyze reports.
• Responsible for daily quality control, managing error rates, exception review processing and daily reporting.
• Communicate with trading, compliance, legal and operation departments as well as external contra brokers to resolve issues.
• Research and process service requests that are created by service teams.
• Develop risk based mitigation approaches that may yield changes to functions, and departmental requirements.
• Understand and Interpret rule modifications in an ever changing regulatory environment, and understand the business needs of LPL, our advisors, and other departments
• Developing quality service standards and processes to create a consistent service experience
• Handle escalations by both the Service Center and Advisors
• Other assignments as required by Management

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.

Required Qualifications

• 2+ years of industry experience in Operations
• Ability to work independently in a fast paced environment with multiple priorities
• Ability to work with and communicate effectively to various levels throughout the organization.
• Ability to learn multiple aspects of the Financial Services industry and understand how it all connects
• Excellent verbal and written communication skills

Preferred Qualifications

• 2+ years of mutual funds experience
• MS Excel experience (macros and vlookups)
• Project management and escalation leadership experience
• SQL, Alteryx, VBS experience preferred
• Knowledge of legal and regulatory environment provided by Federal Regulators (SEC), Self-Regulatory Organizations (FINRA) and State Regulatory Departments
• Bachelor Degree
• Preferred SIE preferred #LPL-PA #LPL-H1

Pay Range

Pay Range: $20.85-$34.71/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.

Benefits

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

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.

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 [phone].

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.