Outside Business Activity Principal

LPL Financial LLC; Waltham (MA); On-site; USD 81,000 - 136,000; Full time

Job summary

LPL Financial LLC is seeking an Outside Business Activity Principal to evaluate OBA and PST requests and provide guidance to Financial Advisors. The role also reviews marketing materials for compliance and supports regulatory examinations.

The ideal candidate has strong regulatory knowledge, excellent communication, and the ability to partner with home office teams to ensure adherence to firm policies and industry rules.

Qualifications

• 3+ years of compliance experience in financial services.
• Knowledge of FINRA, SEC, and state rules and regulations.
• Licensing: Series 7, 24 or obtain licensing within 90 days of hire.

Responsibilities

• Review and evaluate Outside Business Activity (OBA) and personal securities transitions (PST) requests to identify conflicts of interest, regulatory risks, and supervisory considerations.
• Provide approval recommendations and guidance to Financial Advisors.
• Review and approve personal securities transactions in accordance with firm policies and regulatory standards.
• Conduct research and investigations related to policy violations, regulatory concerns, and supervisory issues.
• Evaluate marketing materials and communications with the public for principal approval or revisions.
• Assist with regulatory examinations, audits, and inquiries by gathering information and coordinating responses.

Skills

Regulatory knowledge

Strong communication

Client-facing experience

Analytical thinking

Education

Bachelor's Degree Preferred

Tools

Excel

Word

PowerPoint

Job description

The Outside Business Activity Principal is responsible for the evaluation of outside business activity and personal securities transition requests to ensure compliance with firm policies, industry regulations and applicable supervisory requirements. This position will also help support Advertising Communications through the review and approval of advisor submitted marketing material.As a Subject Matter Expert (SME), the Principal will provide guidance and education to Financial Advisors, their support staff, home office employees and team members related to these compliance matters.The ideal candidate will possess strong regulatory knowledge, sound judgment, and excellent consultative and communication skills.Responsibilities:Review and evaluate Outside Business Activity (OBA) and personal securities transitions (PST) requests to identify potential conflicts of interest, regulatory risks, and supervisory considerations, providing approval recommendations and guidance to Financial Advisors.Serve as a trusted compliance partner to Financial Advisors, advising on outside business activities and private securities transactions to support adherence to firm policies and regulatory requirements.Review and approve personal securities transactions in accordance with firm policies, industry regulations, and applicable supervisory standards.Conduct research and investigations related to potential policy violations, regulatory concerns, and supervisory issues, recommending corrective actions where necessary.Evaluate marketing materials and other forms of communication with the public to grant principal approval or provide guidance on revisions necessary for approval. Cross reference with OBA records as needed.Assist with regulatory examinations, audits, and inquiries by gathering information, performing analyses, and coordinating responses with business and compliance stakeholders.Partner with internal business units and supervisory teams to address compliance matters.Support the development and implementation of compliance policies, procedures, training programs, and process improvements related to OBAs, PSTs, and marketing review.Participate in special projects, strategic initiatives, and other responsibilities as assigned.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:3+ years of prior compliance experience in financial servicesPrior experience in a client-facing role – very comfortable on the phone and be able to explain the why behind, complex issues, ask open ended questions.Knowledge of FINRA, SEC, and state rules and regulationsLicensing Requirement: Series 7, 24 or obtain licensing within 90 days of hireCore Competencies:Ability to work in a fast paced/high volume environmentCustomer Focus, Collaboration, Time Management & Organization, Excellent oral and written communication skills.Ability to multi-task, strong attention to detail, excellent problem-solving and follow-up skills are essential for this position.Working knowledge of Excel, Word, and PowerPoint.Excellent customer service skills and the ability to communicate effectively with individuals at various levels.Preferences:Licensing: Series 66 (or 63 and 65), 4, 52/53Bachelor’s Degree PreferredPay Range:$81,473.00 - $135,857.00Actual 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!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. Please log in or create an account to apply to this position. 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