VP, Strategic Vendor Relationship Manager

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.

LPL Financials’ Strategic Sourcing & Procurement team seeks an experienced Strategic Vendor Relationship Manager to optimize and manage relationships with LPL’s most complex vendors.

Are you a trusted partner and relationship builder who engages in tough, yet effective, conversations with key stakeholders, including Executive leadership? Do you enjoy driving organizational value through deeper partnerships both on internal and external engagements? Do you have experience aligning contractual, commercial, and strategic objectives to established vendor frameworks? Do you thrive at executing under pressure to deliver exceptional financial outcomes while improving program and vendor engagement models?

If yes, then this could be the role for you! 

We have an exciting opportunity to join our Sourcing organization as a Vice President, Strategic Vendor Relationship Manager where you’ll be responsible for spearheading partnerships with an assigned group of LPL’s most complex strategic vendors. In addition, you will be an SME who provides guidance to internal/external stakeholders regarding vendor compliance, risk management/mitigation, cost optimization, and financial insights.  Lastly, the Strategic Vendor Relationship Manager will continuously cultivate and deepen Vendor partnerships while maximizing value. A fundamental component of the role is change management and the ability to lead the transformation of LPL’s partnership with its strategic Vendors. You will also be a key contributor regarding the ongoing evolution of the SVRM Program by developing and maintaining effective processes and supporting the creation and management of strategic vendor roadmaps

Roles & Responsibilities:

• Influence and maintain strong internal relationships with executive Strategic Relationship Owners through ongoing engagement, consultation and participation in day-to-day operational functions.
• Manage holistic relationships with strategic Vendors, understand the impact of Vendors who provide multiple products / services across multiple business units and demonstrate the ability to cohesively drive LPL’s priorities and mitigate risk with the Vendor’s roadmap and strategic future partnerships.
• Partner with the Strategic Sourcing leadership to evolve the vision and execution roadmap for the Strategic Relationship Management function maximizing the value of LPL’s Vendors by creating a centralized LPL message.
• Collaborate and drive partnership with various Business stakeholders, Sourcing, Technology, Operations, Product Management, Third Party Risk, and Legal to conduct contract analysis, establish clear metrics of success, drive roadmap innovation and maintain executable escalation paths.
• Ensure Business Owners, internal stakeholders and vendor partners establish and evolve deeper partnerships with strategic Vendors, developing executive level relationships, reviewing performance to identify potentially problematic trends and aligning Vendors to LPL’s strategic vision.
• Negotiate high dollar & high-risk contracts with key Vendors in such a way to drive value across Business, Product and Technology roadmaps.
• Ensure appropriate processes/controls to maintain and ensure compliance with the contract in support of the Strategic Relationship Owner
• Manage the completion and oversight of SVRM reports, fact sheets, and tracking matrices.
• Lead all efforts and logistics pertaining to onsite Quarterly Business Review meetings for assigned vendors focusing on service performance, incident metrics, firm updates, strategic planning, and review of new vendor services.
• Understand and represent the different types of risk associated with each strategic Vendor (operational, revenue impact, reputational, security, coexistence with systems, etc).

What does your success look like in the first 90 days?

Learn the LPL Strategic Vendor landscape, meet with key executives across various Operational, Product and Technology units in conjunction with assigned key vendor stakeholders to understand impact, importance and dependencies for LPL. Partner with the Business, Sourcing and Third Party Risk to gain an understanding of ongoing operational dependencies. Gain an understanding of the company’s goals and establish the draft strategy aligning LPL’s most strategic Vendors.

What are we looking for?

We’re looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements:

• 7-10 years of experience in Vendor Management supporting Third-Party Risk, Vendor Relationship Management, Outsourcing, Software and Hardware functions within large institutions.
• Experience developing and cultivating relationships with Senior Executives
• Experience as a process leader who is detail oriented with demonstrated expertise on contract agreements and risk management.
• Organizational change management experience.

Core Competencies:

• Provide leadership and thoughtful consultation for initiatives requiring tight deadlines, ongoing monitoring, and status reports back to Executive Stakeholders.
• Strong operational experience on large complex environments.
• Natural ability to build & foster strong relationships
• Ability to drive data driven discussions and create a strategy/plan based on the data to drive results.
• Ability to work in a cross-functional team and drive outcomes without having direct authority.
• Ability to actively anticipate, identify, and manage risks within the company.
• Collaboration skills with the ability to engage and influence others in all levels of the organization
• Proven experience in managing multiple projects, with an ability to prioritize individual and team
• workload based on business needs and deadlines
• Negotiation skills with demonstrable experience in negotiating win-win outcomes that meet the interests of all parties
• Ability, with proven experience, to work in a dynamic fast paced organization, with a focus on continuous improvement, customer service and teamwork
• Creative problem solving skills and experience in facilitation of effective discussions around change management and varied ideas, opinions, insights and expertise
• Unimpeachable ethical standards and a strong work ethic
• Grace under pressure and a sense of humor!

 

Pay Range:

$133,088-$221,813/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) 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.

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