Job Overview:
We are seeking a candidate who ideally has previous experience in the financial services industry, preferably with a background in dividends (mutual fund or equity), corporate action voluntary and mandatory events, restricted security processes, or proxy/shareholder communications. The Associate Analyst responsibilities may include monitoring corporate action events including analyzing and drafting terms for reorg announcements, processing of complex allocations, exception processing review and analysis, account reconciliation, submitting restricted stock certificates for restriction removal or reregistration, and facilitating stock option exercises.
Strong interpersonal, organization, and communication skills (written and verbal) as well as the ability to develop internal and external relationships are needed to be effective in the role.
Responsibilities:
Leverage technology to automate manual work and simplify processes where feasible to create a highly scalable, flexible, and efficient infrastructure
Understand and interpret regulatory requirements and industry updates in an ever-changing regulatory environment, and the business needs of LPL, our advisors, and other departments.
Responsible for daily quality control, exception review processing and reporting
Analyze and manage the firm’s DRIP program, ensuring compliance with industry guidelines
Research and escalate allocation issues to our domestic and foreign depositories
Reconcile suspense and clearance accounts, resolving breaks, and security and suspense transaction reviews adhering to established quality control measures and procedures
Analyze downgraded or new corporate action events, update or draft terms and key information to communicate with advisors for domestic and foreign securities
Research restricted stock certificates with various 3rd parties including Transfer Agents, Issuers, Legal Counsels and others to determine requirements and eligibility for restriction removals and re-registrations
Perform detailed bank and client reconciliations and daily settlements for LPL’s cash sweep programs, and ensure that internal controls are performed accurately and timely
Facilitate the approval and establishing of collateral/pledged accounts with 3rd party banks and internal partners
Partner with our Financial Professionals and external companies to facilitate Employee Stock Option Exercises
Effectively and confidently communicate with other internal departments as well as external 3rd parties including but not limited to; contra brokers, transfer agents, issuers, vendors, and partners to resolve issues, broker and ACAT fails, or submit claims
Be a subject matter expert (SME) on operational policies and procedures. Assisting with the review, and update of Training Manuals and creation of new ones as needed
Handle inbound calls and the team mailbox, research and reply to inquiries from advisors and service teams. 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. Participate in UAT
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.
Requirements:
2-3 years of financial and/or brokerage industry experience, preferably in operations
Proficient in Microsoft applications, particularly Excel, Word, Access, and Outlook
Core Competencies:
Excellent problem-solving skills, strong attention to detail, ability to analyze data, draw insights, and make data-driven decisions.
Strong ability to multi-task various functions and assignments with competing priorities, changing demands, and tight deadlines.
Effective and proactive communicator with strong written and verbal communication skills in dealing with advisors, internal and external parties, vendors, and different levels of management.
Ability to execute strategies and track successful delivery.
Positive attitude with a commitment to excellence and integrity.
Preferences:
BA/BS (or equivalent work experience)
FINRA SIE, 99 or 7 licenses preferred
#LPL-PA
Pay Range:
$23.98-$39.96/hourCompany 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 29,000 financial advisors and the wealth-management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 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.
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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