SVP, Associate General Counsel – Broker-Dealer Regulatory Compliance

LPL Financial; New York (NY); On-site; USD 207,000 - 346,000; Full time

Job summary

An established industry player seeks a Senior Vice President, Associate General Counsel to lead its Broker-Dealer Regulatory Compliance team. This pivotal role involves providing strategic legal advice to senior leadership across various business units, ensuring compliance with federal, state, and SRO regulations. The ideal candidate will have over a decade of experience in the financial services sector, particularly in broker-dealer and investment advisory compliance. Join a dynamic environment where your expertise will help shape the future of financial advisory services, making a significant impact on both the company and its clients.

Benefits

401K matching

Health benefits

Employee stock options

Paid time off

Volunteer time off

Qualifications

• 10+ years of experience in financial services law, especially broker-dealer compliance.
• Proficiency in legal writing and research, particularly with federal securities laws.

Responsibilities

• Provide day-to-day legal support for financial services compliance.
• Review and develop internal policies in response to regulatory changes.
• Manage a team of attorneys focused on brokerage and investment advisory.

Skills

Securities Exchange Act

Investment Advisers Act of 1940

FINRA rules and regulations

Legal writing

Legal research

Alternative investments

Education

Juris Doctor (JD)

Tools

LexisNexis

Job description

SVP, Associate General Counsel – Broker-Dealer Regulatory Compliance

Join to apply for the SVP, Associate General Counsel – Broker-Dealer Regulatory Compliance role at LPL Financial

SVP, Associate General Counsel – Broker-Dealer Regulatory Compliance

2 weeks ago Be among the first 25 applicants

Join to apply for the SVP, Associate General Counsel – Broker-Dealer Regulatory Compliance role at LPL Financial

LPL Financial seeks an experienced attorney to join its corporate legal advice team as Senior Vice President, Associate General Counsel – Broker-Dealer Regulatory Compliance. This SVP will report to the Executive Vice President responsible for providing strategic legal advice to various business units. This team focuses primarily on the LPL’s broker-dealer and custodial platform business but also provides support to the investment advisory business. This position entails advising LPL’s senior leadership within Compliance Supervision and Risk as well as its Business Development (recruiting) and Corporate Development (M&A) regarding regulatory compliance with said activities. The position will also cover counseling the firm’s Product Review group with due diligence requirements, sales practices and controls around alternative investments.

The ideal candidate is one who can thrive in a fast-paced business environment and can manage a substantial docket autonomously. A qualified candidate will have at least 10 years of relevant experience within a law firm, counseling the financial services industry, specifically the broker-dealer and retail investment advisory business with respect to federal, state and SRO regulatory compliance, enforcement defense, and/or agency or private civil litigation/arbitration defense. In-house experience within a top financial services firm will also be considered.

Responsibilities:

• Day-to-day legal support for LPL’s financial services business, including providing legal analysis and advice with respect to compliance with applicable rules, regulations and legal risks relating to the brokerage and investment advisory business.
• Reviewing, revising and developing internal policies and procedures in response to business initiatives and regulatory developments.
• Performing legal research and drafting memoranda concerning compliance with applicable laws, rules and regulations.
• Interacting with other members of the Legal Department as well as other LPL business units including, among other departments, Supervision, Compliance and Risk.
• Managing a team of experienced attorneys staffed against LPL’s brokerage and control-based business lines throughout the organization.
• Providing strategic counseling with respect to M&A transactions and the regulatory approval process.
• Counseling on due diligence standards and establishing proper protocols for the onboarding and sale of alternative investments.
  
  
  

Requirements:

• 10+ years of experience in dealing with issues arising under the Securities Exchange Act, Investment Advisers Act of 1940, Investment Company Act of 1940, FINRA rules and regulations as well as related federal and state securities laws.
• A demonstrable record of successful representation of financial services parties in enforcement proceedings, Federal and State Court, SRO arbitrations, and other administrative proceedings strongly preferred.
• Proficiency in legal writing, performing legal research (LexisNexis preferred) and written communication skills.
• Strong working knowledge of federal securities laws and rules making process; regulatory notices; interpretive guidance; and agency interpretations.
• Working understanding of alternative investments, including but not limited to, hedge funds, VC funds, private equity funds, public non-traded products, business development corporations and private placements.
• Understanding of regulatory landscape applicable to broker-dealers and registered investment advisers, including a familiarity with regulatory processes (SEC and FINRA).
• Experience drafting, filing and managing continuing membership applications with FINRA.
  
  
  

Pay Range:

$207,075-$345,125/year

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. Your recruiter will be happy to discuss all that LPL has to offer!

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.

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.

Join LPL Financial: Where Your Potential Meets Opportunity

At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.

Why LPL?

• Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!
• Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!
• Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!
• Impactful Work: Our size is just right for you to make a real impact. Learn more here!
• Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!
• Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!
• Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. Learn more here!
  
  
  

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].

EAC1.22.25

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Legal

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