Sr. Ops Margin Specialist

lplfinancial; Tempe (AZ); On-site; USD 36,000 - 60,000; 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 Senior Operations Specialist to monitor and maintain margin activity, debits, and trade items in client accounts. You will handle escalations, review risk reports, and support management with risk-based projects.

The role requires a finance-related degree and brokerage knowledge, with a focus on regulatory guidelines and accuracy in a fast-paced environment. This on-site position in Tempe emphasizes collaboration with advisors and multiple departments.

Qualifications

• Bachelor's degree in Finance or related field.
• 1+ years' experience in general brokerage industry knowledge.
• Experience with margin rules and risk reporting is a plus.

Responsibilities

• Investigate daily risk items and decide on potential risk actions.
• Escalate and resolve unresolved items; own tasks and follow-ups.
• Review and enforce margin calls and Regulation T requirements.
• Monitor trade-related items and firm/regulatory guidelines.
• Resolve non-trade issues like short positions and debits.
• Prepare risk-based departmental reports and analyses.
• Interact with advisors, management, and other departments to meet deadlines.

Skills

Margins experience

Operations experience

Analytical mindset

Excel

Access

FINRA SIE

Series 7 or 99

Education

Bachelor's degree in Finance or related field

Tools

Excel

Access

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 Senior Operations Specialist's role in the Margins department includes daily monitoring and maintenance of items not limited to margin call activity, debit balances, and trade-related items within LPL Financial accounts according to firm and regulatory guidelines. Senior Specialists are responsible for handling escalations from other team members and have a good knowledge of margin regulatory guidelines. Additionally, the Senior Specialist assists management with the completion and review of various risk-based reports and projects.

Responsibilities

• Intermediate problem solving of issues identified on daily risk reports and decision making over potential risk items such as options and regulatory violations, including initiating sales, buy-ins, and trade corrections.
• Effectively through escalation resolution. Ownership of all tasks, follow-up, enforcement, and escalation of unresolved items.
• Reviewing, calculating, reconciling, communicating, and enforcement of firm and regulatory guidelines as it relates to margin calls and maintenance requirements.
• Monitoring, analysis, communication, and enforcement of firm and regulatory guidelines as it relates to Trade related items and Regulation T requirements.
• Resolving issues, including researching and resolving non-Trade items, such as short positions, debits.
• Reviewing and completing various departmental reports associated with Risk based reporting.
• Interacting daily with LPL Financial Advisors, department management as well as various departments within LPL Financial to meet firm and regulatory deadlines.

What are we looking for?

We want strong collaborators who can deliver a world-class client experience . We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented , and are able to execute in a way that encourages creativity and continuous improvement .

Requirements

• Bachelor's degree, preferably in Finance or related field
• 1+ years' experience of general brokerage industry knowledge

Core Competencies

• The ability to work in a cross-functional team and multi-task in a fast-paced, deadline driven environment.
• The ability to prioritize responsibilities to ensure deadlines provided by regulators and firm are followed, along with the ability to identify, understand, and manage firm risk.
• Strong communication skills, both written and oral, and willingness to speak up, talk to advisors and stakeholders.
• Strong organizational and analytical skills with demonstrated ability to evaluate business opportunities and evaluate results against established objectives.

Preferences

• Margins experience or Operations experience.
• Understanding of BETA.
• Analytical mindset and experience working with data and reporting.
• Financial instrument experience (trading equities, fixed income, CDs).
• Proficient with Microsoft Excel and Access.
• FINRA Securities Industry Essentials (SIE) certification, Series 7 or 99.

Pay Range

$17.23-$28.72/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 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 clie