Analyst, Mutual Funds Operations
LPL Financial, Fort Mill, South Carolina, United States, 29715
Overview
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 aid in the daily processing, implementation and ongoing support for breakpoint, corrections and settlement reconciliation. If applicable to the candidate’s product experience, the 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
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.
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
$27.19-$45.31/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, 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.
Join LPL
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.
#J-18808-Ljbffr
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 aid in the daily processing, implementation and ongoing support for breakpoint, corrections and settlement reconciliation. If applicable to the candidate’s product experience, the 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
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.
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
$27.19-$45.31/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, 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.
Join LPL
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.
#J-18808-Ljbffr