Analyst, Mutual Funds Operations

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. What if you could have access to cutting-edge resources, a collaborative environment, and the freedom to make an impact? If you're ready to take the next step, discover what’s possible with LPL Financial.

Job Description:

The Mutual Fund Trade Corrections team processes trade corrections, settles them and reconciles books and records positions per regulatory requirements of a clearing firm.  The team also runs various compliance reports including breakpoint and corrects trades accordingly. The ideal candidate will need to aide in the daily processing, implementation and ongoing support for breakpoint, corrections and settlement reconciliation. If applicable to the candidates product experience candidate could also help with the transactions listed above.  The candidate will also need to have an understanding of data analysis, and reporting tools and technology in general to effectively analyze business requirements, track project status, and translate business needs into technical requirements.  The candidate will also need strong interpersonal, organization and communication skills (written and verbal) to be effective in the role. 

Responsibilities:

• Manage daily processing tasks
• Reconcile and analyze reports. Responsible for daily quality control, managing error rates, exception review processing and daily reporting. 
• Analytical skills to reconcile suspense accounts and validate transactions to ensure compliance with regulatory policies and procedures.
• Review complex escalations and operational problems, summarize these issues and give key information to communicate with advisors.
• Communicate with trading, compliance, legal and operation departments as well as external contrabrokers to resolve issues.
• Research and process service requests that are created by service teams.
• Support and contribute toward the successful execution of projects and initiatives that support LPL’s priorities.
• Leverage technology to automate manual work and simplify processes where feasible to create a highly scalable, flexible, and efficient infrastructure.
• Develop risk based mitigation approaches that may yield changes to functions, and departmental requirements.
• Understand and Interpret rule modifications in an ever changing regulatory environment, and understand the business needs of LPL, our advisors, and other departments
• Developing quality service standards and processes to create a consistent service experience
• Handle escalations by both the Service Center and Advisors
• Other assignments as required by Management

Required Qualifications:

• 3+ years of industry experience (preferably corporate actions) in Operations
• 2+ years of trading and/or corrections experience

Core Competencies:

• Ability to work independently in a fast paced environment with multiple priorities
• Ability to work with and communicate effectively to various levels throughout the organization.
• Ability to learn multiple aspects of the Financial Services industry and understand how it all connects
• Excellent verbal and written communication skills

Preferred Qualifications:

• MS Excel experience (macros and vlookups)
• Project management and escalation leadership experience
• SQL, Alteryx, VBS experience preferred
• Knowledge of legal and regulatory environment provided by Federal Regulators (SEC), Self-Regulatory Organizations (FINRA) and State Regulatory Departments
• Bachelor Degree Preferred
• SIE and either Series 7 or Series 99 preferred

 

Pay Range:

$26.39-$43.99/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. 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 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 (855) 575-6947.

EAC12.9.25