SVP - Internal Audit

Job Overview

The SVP, Internal Audit reports directly to the Chief Audit Executive (CAE). The CAE reports directly to the Audit Committee of LPL Financial and administratively to the President & CFO. The SVP, Internal Audit works very closely with the Business Unit senior leadership as well as other key leaders and control functions across the firm to evaluate and improve the effectiveness of risk management, internal controls and governance processes. This role operates in a highly regulated, fast-changing environment, ensuring compliance with FINRA and SEC regulatory requirements. It is responsible for leading risk-based internal audits of our operations while working collaboratively across the Internal Audit team.

Responsibilities:

Audit Strategy & Planning

• Develop and execute the annual audit plan for broker-dealer operations, aligned with regulatory requirements and organizational risk priorities.
• Identify emerging risks and adjust audit coverage accordingly.

Audit Execution

• Provide oversight and leadership of audit engagement’s planning, fieldwork, identification, development and documentation of audit issues, recommendations and their reporting.
• Ensure audit test work, including documentation and reporting, is executed in accordance with department and IIA standards and completed timely.
• Ensure effective reporting of audit results, monitor business unit manager implementation of corrective risk reduction plans and actions, and follow-up to measure the success of plans and actions taken.

Risk and Control Assessment

• Partner with other control functions to align common risk taxonomy and coordinate assurance and risk assessment activities.
• Effectively represent internal audit on enterprise-wide project teams, at management and board meetings, as well as to external parties and organizations.
• Comply with reporting systems that ensure timely identification and reporting of risk and control matters and prompt/early escalation of critical issues including follow-up to resolution.
• Provide guidance, direction and leadership towards seeking efficiencies in the organization without compromising its effectiveness.

Regulatory Compliance

• Monitor adherence to FINRA, SEC, and other applicable regulations.
• Partner with Compliance and Legal teams to address regulatory changes.

Stakeholder Engagement

• Develop and maintain effective relationships with senior leaders, and other key stakeholders.
• Provide advice and counsel to management on complex risk management and control issues and process improvements.
• Communicates complex risk issues clearly and concisely to diverse audiences.

Leadership

• Drive effective implementation of Internal Audit’s strategic objectives including continued use of data analytics to increase assurance and continuous monitoring activities.
• Acquire, develop and motivate high quality professional management and staff through effective recruiting, education and training, professional development, career counseling, and succession planning programs. Be a leader and a team player.

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:

• Bachelor’s degree is required, and an MBA is preferred
• CPA, CIA, CISSP, PMP or CISA certification is required
• The successful candidate will have a minimum of 15 year’s professional audit experience, including senior leadership responsibility in complex, regulated environments, and demonstrate a strong knowledge of broker-dealer operations and regulatory requirements.
• Solid understanding of risk and controls is expected
• Ability to proactively engage with stakeholders and communicate complex risk scenarios
• Possess significant business and personal leadership skills, initiative and independent judgment and responsible for developing, implementing and maintaining effective risk-based audit plans
• Demonstrate ability to exercise sound, independent judgement in complex and ambiguous situations.
• Proven ability to operate effectively in dynamic, highly regulated environments with complex challenges and competing priorities.”

 

Pay Range:

$197,026-$328,377/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.

EAC12.9.25