AVP, Treasury Analytics

Do you want to learn and grow at a Fortune 500 firm, the nation’s largest broker-dealer, and third largest RIA custodian? Do you have a passion for supporting a growing, thriving business by delivering thoughtful, strategic cash  analysis and insight?
 

Job Description

As the AVP of Treasury at LPL Financial, you will play a crucial role in analyzing and delivering insight on our cash sweep portfolio, which produces roughly half of our enterprise EBITDA. Work closely with internal and external business partners and vendors to gather data, create customized reporting tools, explore and socialize timeseries analysis, cohort comparisons, industry benchmarking, and macro-economic trends all in service of developing a deep understanding of client cash sweep trends, behavior, benchmarking, and expectations within the Treasury department. This will include supporting our cash sweep program with regular program execution, scenario data and analysis, market research, reviewing bank and vendor contracts, and providing actionable intelligence to support strategic decision-making. In addition, you may assist colleagues with work such as preparing policies and procedures, executing and reviewing SOX controls, supporting internal and external control reviews and audits, and supporting the quarterly earnings process. Your responsibilities will be varied, and will encompass:
 

Responsibilities:

Client Cash Revenue and Cash Sweep Insights:

End-to-end ownership of the price elasticity analysis and resulting models on our cash sweep programs; come up to speed quickly, ask provocative questions, and drive colleagues to consider new solutions. Responsible for vendor oversight of external parties involved.

Cash Sweep Reporting and Intelligence:

Prepare and deliver actionable intelligence reports to management, providing past, present, and future insights into client cash behavior, price elasticity, industry trends and activity, market expectations, peer benchmarking, cohort analysis, performance, risks, and opportunities. You will have opportunities to produce and review reports leveraging Excel, Tableau, Power BI, and PowerPoint to summarize your work in presentations to management, to include: 

• Yield reporting; in aggregate and segmented

• Yield expectations; (i) aggregate, (ii)incremental impact, and (iii) scenarios 

• Client behavior and trend analysis

• Contract pipeline reporting

• Contract capacity, terms, and maturation reporting

• Peer and industry benchmarking for the cash sweep program

• Market monitoring and reporting of macro-economic news and interest rate expectations

• Ad hoc and recurring reporting needs for investor relations, quarterly earnings, and management inquiries and meetings

Team coordination:

Collaborate closely with colleagues in Treasury Operations, Capital Markets, FP&A, Investor Relations, Vendor Management, Financial Systems, Bank Counterparty Risk, etc. to create virtuous cycles of support and knowledge sharing. You will have rich insight into client cash behavior and movement, they have details on deposit demand, bank sector insight, deposit pricing, data availability, etc.  
 

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:

• 8+ years of related experience

• Strong comfort engaging with quantitative analysts and researchers on predictive modeling specifications, build, maintenance, and use

Core Competencies:

• A proven contributor of talent on teams

• Excellent analytical, communication, presentation, and technical skills

• Strong knowledge of financial markets, risk management, and treasury best practices

• Ability to work independently and collaboratively to generate results in a fast-paced environment

• Experience and understanding of quantitative analysis and/or modeling

• Strong interpersonal skills and effective communication skills with the ability to interact effectively with all levels of management and colleagues

Preferences:

• Advanced degree or relevant certifications (e.g., MBA, CTP, CFA) is a plus

• Preference toward background experience in financial services with client cash in banking and/or broker dealer services

Pay Range:

$96,900-$161,500/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 (855) 575-6947.

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