Sr. Ops Margin Specialist

LPL Financial LLC; Tempe (AZ); On-site; USD 23,000 - 39,000; Full time

Benefits offered by this job

401K matching

Health benefits

Employee stock options

Paid time off

Volunteer time off

Job summary

LPL Financial LLC is seeking a Senior Operations Specialist in Tempe to monitor margin calls and risk items, ensuring compliance with firm and regulatory guidelines. The role involves escalation handling, cross-functional collaboration with advisors and departments, and support in risk-based reporting.

The position requires a Finance-related bachelor’s degree and brokerage industry knowledge, with strong communication and analytical skills to drive accurate risk assessment and timely actions.

Qualifications

• Bachelor’s degree in Finance or related field required.
• 1+ years’ experience in general brokerage industry recommended.
• Strong communication skills, both written and verbal.
• Ability to analyze risk and comply with regulatory guidelines.

Responsibilities

• Monitor margin calls and related risk items daily.
• Escalate issues as needed and coordinate with teams.
• Handle escalations and ensure timely follow-ups.
• Review and enforce regulatory and firm guidelines on margin.
• Analyze trade-related items and Regulation T requirements.
• Investigate and resolve non-trade related issues.
• Prepare and review department risk reports.
• Interact with advisors and internal departments daily.

Skills

Cross-functional teamwork

Multi-tasking

Deadline driven

Communication skills

Analytical skills

Education

Bachelor’s degree in Finance or related field

Tools

Microsoft Excel

Microsoft Access

FINRA SIE certification

Series 7 or 99

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 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

#LPL-H1 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.

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. 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.

EOE

EOE.