Senior Supervisory Principal - Central Supervision Principal

LPL Financial LLC; Fort Mill (SC); On-site; USD 74,000 - 123,000; 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. is seeking a Supervisory Principal to lead front-line supervisory tasks for the HOS, Branch OSJ and field OSJs with a focus on high-quality oversight and proactive risk management.

This role emphasizes regulatory compliance, review of transactions, and collaboration with regional principals. The position requires 7+ years in a compliance-related function, Series 7/9/10 (or Series 24) and knowledge of FINRA/SEC rules.

Qualifications

• Undergraduate degree in Business, Accounting, Finance or related discipline.
• 7+ years of industry experience in a compliance related function.
• Series 7, 9 AND 10 (OR Series 24); Series 4 AND 53 required OR must pass within 120 days of employment (for candidates with S24); Series 66 (OR S63 AND S65).

Responsibilities

• Review securities transactions for suitability and regulatory compliance.
• Review account-level suitability alerts for brokerage and advisory accounts.
• Approve account documentation and correspondence.
• Analyze transaction activity and identify potential sales practice concerns.
• Supervise activity within Advisory and RIA models and oversee complex products.

Skills

Regulatory knowledge

FINRA/SEC rules

Analytical skills

Communication skills

Problem solving

Education

Bachelor's degree in Business, Accounting, Finance or related discipline

Job description

Job Overview

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 Pinnacle Service Professional delivers elite, "white glove" support to a select group of top-tier Financial Advisors. This role goes beyond traditional call center responsibilities, requiring a higher standard of service, expertise, and relationship management. Pinnacle Service Professionals serve as trusted partners, providing proactive, personalized assistance that reflects deep industry knowledge and a commitment to excellence.

Job Overview: The Supervisory Principal is responsible for completing front-line supervisory tasks on a daily basis and reporting potential sales practice concerns to the Regional Supervisory Principal. Great emphasis will be placed upon completing tasks according to the established Service Level Agreements and at a high level of quality. The Supervisory Principal may also serve as the Subject Matter Expert for certain complex products, centralized review processes, and/or business models where the SP will act as the primary supervisor for all HOS, Branch OSJ, and advisors under field OSJs.

Responsibilities

• Review of securities transactions on the electronic trade blotter for suitability and compliance with regulations and firm policy.
• Review of account-level suitability alerts for brokerage and advisory accounts using LPL’s electronic supervisory tool suite.
• Review and approval of account documentation and correspondence.
• Analysis of transaction activity and identification of potential sales practice concerns.
• Collaboration with Regional Supervisory Principals and other business partners to elevate and resolve sales practice concerns.
• Supervise activity within the Advisory and RIA business models.
• Review of full discretion and advisory fee credits/reversals.
• Supervisory oversight of MSRB securities (municipal bonds, 529 College Plans).
• Supervisory oversight of Complex Products such as annuities, alternative investments, and structured products.

Requirements

• Undergraduate degree in Business, Accounting, Finance or related discipline
• 7+ year’s industry experience in a compliance related function
• Series 7, 9 AND 10 (OR Series 24); Series 4 AND 53 required OR must pass within 120 days of employment (for candidates with S24); Series 66 (OR S63 AND S65)

Core Competencies

• Work within a team environment to identify potential sales practice concerns
• Provide consultative support to clients
• Provide awareness across all BRM departments of any investigations, escalations, or emerging risks involving advisors and OSJs
• Knowledge of mutual funds, annuities, general securities, and other financial products required
• Knowledge of FINRA, SEC, and State rules and regulations required
• Ability to work in a fast paced/high volume environment and be flexible with work schedule
• Ability to multi-task, strong attention to detail, excellent problem-solving and follow-up skills
• Excellent oral and written communication skills
• Ability to make regulatory and supervisory-based decisions
• Proactive collaboration and service-based responses with business partners on escalated issues
• Ability to develop compliance systems and strategies for effective supervision

Pay Range

Pay Range: $74,057.00 - $123,497.00 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.

Principals only. EOE.

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

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