VP, First Line Risk Management, Data Risk Governance

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 Overview:

The role reports directly to the SVP, Operations Risk & Controls under the Principal Operations Officer (“POO”) for LPL Financial. The position is a leadership role involved with participating in many areas within First Line Risk Management and being the team leader over the management, development, reporting, communication and thought leadership for First Line Data Governance, Operations Resiliency and Access Management Governance. The leader’s organization supports First Line Data Governance, Key Risk Indicators (KRI), data sourcing and formatting for Risk Reporting insight and monthly reporting, governance of the Beta Platform (Beta TPX and Thomason One), Operational Efficiency Tracking and risk liaison for development of and training in emerging risks within the Data and Access Management Risk domain. The leader and their team are responsible for the access controls and identity governance of Beta TPX and Thomson One applications, collaborating closely with InfoSec IAM Ops, 1st and 2nd line risk partners and internal business stakeholders throughout the first line business units. The leader also is responsible for executing as the point person for Operations Risk and Controls within the Data Center of Excellence (COE), working closely with, and developing deeper relationships with Operations Data Management teams and 2nd line Data Governance.

Responsibilities:

• Be the foremost thought leader in the First Line for the identification of risks in the management of data, including EUCs, data lineage, data integrity, single source of the truth and identification of gaps within current processes when it comes to data management

• Partner with Operations, Service and Trading sub-departments on bottoms up KRI and OKR development and reporting on a go forward basis, continuing to delve deeper until forward looking metrics and risk thresholds are developed

• This leadership role is the Product Access and Governance Owner for the Beta Platform in the Operations Organization who own’s roles and access entitlements in collaboration with the IAM team in Technology

• Governance of a formal identity and access management program for the Beta platform to enhance the governance of BORD restrictions, QC and control environment

• Produce monthly and ad hoc reporting and dashboards for executive leadership across Operations, Service and Trading for Risk Management

• Experience in operations, preferably with a Broker-Dealer, and securities product knowledge with strong understanding of respective controls and all categories of financial and non-financial operations risks

• Understand the Beta related business reporting, data and emerging risk and technology need/trends, and apply a risk lens to their process to drive proper risk reporting, data analysis and support

• Work with the Head of First Line Risk Management to establish and manage quarterly working groups with executive leadership of Operations, Service and Trading to deliver both risk and business reporting and dashboards while handling follow up escalations

• Perform query and reporting analysis in support of data and risk within the Service, Trading and Operations departments which will include documenting data sources and mappings

• Develop and maintain reports and dashboards for Regulatory Reporting, Fraud Operations, Operations and First Line Risk Management within Tableau and PowerBI

• Leveraging Tableau, R-Studio, PowerBI, Alteryx and other analytical tools, identify trends or patterns to uncover issues that need to be addressed

• Both lead and conduct research throughout the team, using analytical tools including visualization and statistical methods, while educating the team and end users/clients of the process, intangibles, and product

• Will collaborate closely with individuals throughout the organization including Operations, Technology Risk, ERM, Compliance, Legal, Technology and Data Management, from staff to senior level to complete the various functions above, providing education (teaching) necessary to enable a culture of risk management

• Manage work and projects with minimal oversight and take them from inception to execution, while partnering across the organization and defending challenge to work products and ideas

• Develop and maintain procedures to enhance operational efficiency and effectiveness around all newly developed work and data activities

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:

• 10+ years of industry experience within data management, analytics, statistical analysis, identity and access management, technology/system governance and reporting with at least 6+ years of extensive risk management background in the financial services industry (preferably with extensive data risk management background) in a large and mature risk management framework

• 5+ years of leadership experience with a demonstrated ability to be an effective team and work product leader

• 6+ years of utilizing Tableau, PowerBI or other BI Applications

• Experience with Beta and preferably in management of roles and entitlements

• Experience leading organizations through change and transformation with a track record of success, and motivating teams to deliver and create a best-in-class experience for Advisors

• Solid understanding of security principles and data protection practices

• Experience working with third-party suppliers including overseeing contracts, reporting metrics and SLAs

Core Competencies:

• A penchant for continuous improvement and looking for different avenues to automate work and drive efficiencies

• Highly proficient with using SQL, Tableau, and Excel (advanced formulas, macros, pivots, etc.)

• Statistical Analysis, Hypothesis Testing, Model Development and Exploratory Analysis

• Experience working leveraging data warehouses for reporting and analysis

• Deep familiarity with IT security, access management and risk management practices

• Strong knowledge of SQL, Python, R, Tableau (or other scripting language)

• Strong people management and the ability to determine delegation of responsibilities in support of larger organizational deliverables and goals, while also being development minded to staff

• Ability to leverage others' expertise and experience in identifying, evaluating, and mitigating risks within First Line Risk Management

• Self-starter; must be a thought-leader, strategic thinker, and independent decision-maker

• Establish and maintain strong relationships with external stakeholders, such as regulatory authorities and industry forums, to stay informed about new developments and participate in relevant industry discussions

• Strong leadership abilities with the capacity to effectively lead and motivate a team, fostering a culture of accountability and high performance

• Ability to think strategically by developing and implementing long-term plans to achieve organizational objectives

• Ability to manage and lead effectively in an ever-changing environment (both corporate and regulatory), while managing the expectations of many projects and priorities at a time

• Ability to work with and communicate effectively to various levels throughout the organization

• Collaborates effectively with Technology, Product, Operations, Service, Trading, Compliance, 2nd line Risk Management and various other data teams across LPL

• Strong attention to detail with a proactive approach to solving and preventing operational, financial, and regulatory risk

• Ability to work under pressure/deadlines and manage multiple priorities, with effective communication to leadership via strong written and spoken communication skills

• Excellent analytical and problem-solving skills, with the ability to translate complex data into actionable insights

Preferences:

• SEC broker-dealer experience or experience with large, diversified financial services firms is preferred

• Preferred major in Computer Science, Information Technology, Engineering, Statistics, MIS

• Masters in a data related field

• Certification in or experience working with Lean Six Sigma

• Experience with machine learning techniques and best practices

• Knowledge of or experience working with artificial intelligence

• Proven track record of successfully designing and implementing IAM solutions in large, complex organization

• Deep understanding of identity and access management principles, including access control models, authentication methods, and risk management

• Experience working with third-party suppliers, relationship management, and SLAs

 

Pay Range:

$132,300-$220,500/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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