Manager, Overlay Trading

LPL Financial; Tempe (AZ); On-site; USD 106,000 - 177,000; Full time

Benefits offered by this job

401K matching

Health benefits

Employee stock options

Paid time off

Volunteer time off

Job summary

LPL Financial is seeking a Manager of Overlay Trading to lead the Overlay Portfolio Management Group (OPMG) in Tempe, AZ. You will oversee trading for Model Wealth Portfolios, SMA, Optimum Market Portfolios, and Guided Wealth Portfolios, guiding a team of 14 analysts and traders supporting over $250B in assets.

The role partners with Overlay Operations, Product, Technology, Risk, Compliance, and Operations to deliver outsourced trading solutions, drive continuous improvement, and ensure high

Qualifications

• Bachelor’s degree and Series 7 and 65/66 required.
• 8+ years of experience in financial services, trading operations, portfolio management support, investment operations, or related disciplines.
• 3+ years of leadership, supervisory, or team management experience.
• Proven ability to lead cross‑functional initiatives, operational improvements, and advisor‑facing escalations.

Responsibilities

• Lead, coach, and develop a team of analysts and traders responsible for the daily management of LPL's centrally managed advisory platforms.
• Provide oversight of trading, rebalancing, account maintenance, model implementation, and operational workflows to ensure accurate and timely execution.
• Serve as the primary escalation point for complex operational issues, advisor concerns, and trading‑related incidents, driving issue resolution and risk mitigation.
• Lead strategic initiatives, platform enhancements, conversions, and cross‑functional projects that support business growth and operational scalability.
• Partner with Product, Technology, Service, Risk, Compliance, and Operations teams to deliver platform improvements and business objectives.
• Drive continuous process improvement efforts focused on efficiency, controls, advisor experience, and operational excellence.
• Monitor operational performance, service levels, and key risk indicators, ensuring adherence to policies, procedures, and regulatory requirements.
• Act as a subject matter expert and organizational leader by supporting advisor education, team communications, and enterprise‑wide business initiatives.

Skills

Leadership

Cross-functional collaboration

Trading operations knowledge

Education

Bachelor's degree

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 Overview

The Manager of Overlay Trading is a key leader within the Overlay Portfolio Management Group (OPMG) and is responsible for the oversight, execution, and continuous improvement of LPL's centrally managed advisory platforms. This includes oversight of trading for LPL’s Model Wealth Portfolios (UMA), Manager Select (SMA), Optimum Market Portfolios (mutual fund wrap), and Guided Wealth Portfolios (ETF Wrap). The role helps lead a team of 14 professional analysts and traders supporting more than $250B in assets under management.

As a key leader on the OPMG team within the Wealth Management organization at LPL, the Manager partners closely with the Overlay Operations and Service teams, the Overlay Evolution and Development team, third party platform vendors, and additional stakeholders to deliver a best‑in‑class outsourced trading solution. This leader drives a high‑performance culture focused on exceptional service, operational excellence, continuous innovation, and proactive issue resolution.

Responsibilities

• Lead, coach, and develop a team of analysts and traders responsible for the daily management of LPL's centrally managed advisory platforms.
• Provide oversight of trading, rebalancing, account maintenance, model implementation, and operational workflows to ensure accurate and timely execution.
• Serve as the primary escalation point for complex operational issues, advisor concerns, and trading‑related incidents, driving issue resolution and risk mitigation.
• Lead strategic initiatives, platform enhancements, conversions, and cross‑functional projects that support business growth and operational scalability.
• Partner with Product, Technology, Service, Risk, Compliance, and Operations teams to deliver platform improvements and business objectives.
• Drive continuous process improvement efforts focused on efficiency, controls, advisor experience, and operational excellence.
• Monitor operational performance, service levels, and key risk indicators, ensuring adherence to policies, procedures, and regulatory requirements.
• Act as a subject matter expert and organizational leader by supporting advisor education, team communications, and enterprise‑wide business initiatives.

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

• Bachelor’s degree and Series 7 and 65/66 required.
• 8+ years of experience in financial services, trading operations, portfolio management support, investment operations, or related disciplines.
• 3+ years of leadership, supervisory, or team management experience.
• Proven ability to lead cross‑functional initiatives, operational improvements, and advisor‑facing escalations.

Core Competencies

• Leadership and Talent Development
• Strategic Thinking and Execution
• Operational Risk Management and Controls
• Process Improvement and Operational Excellence
• Cross‑Functional Collaboration and Change Leadership
• Data‑Driven Decision MakingExpertise with managed account and trading platforms (e.g., Vestmark, InvestCloud, MyVest, Charles River)

Preferences

• Experience supporting UMA, SMA, and model delivery programs.
• Business process improvement and project management experience preferred.
• Experience working with advisor‑facing investment products and platforms.

Pay Range

$106,090.00 - $176,748.00

Benefits

• 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.

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.

EOE.