What are the responsibilities and job description for the AVP, Investigations position at LPL Financial?
Are you a team player? Are you curious to learn? Are you interested in working in meaningful projects? Do you want to work with cutting-edge technology? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you!
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 20,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide.
Job Overview
The Investigations Group within LPL’s Legal Department is responsible for investigating matters involving potential fraud and/or misconduct by the Firm’s associated persons, employees, contractors and vendors, as well activities, business practices or misconduct that involves violations of firm policies, procedures, or processes. The group also proactively identifies potential areas of exposure within the company and provides advice to senior management and appropriate firm committees.
The Assistant Vice President, Investigations will report to a Vice President in the Investigations Group. The successful candidate will have an understanding of broker dealer regulations and prior experience conducting and coordinating investigations and providing investigative findings to appropriate parties. This role interacts frequently with the firm’s Compliance, Risk, and Operations departments and works closely with Anti-Money Laundering, Business Risk Management, Litigation, and Whistleblower teams.
The position will be located in the Ft. Mill office.
Responsibilities
- Engage with various internal partners to investigate matters involving potential misconduct by financial advisors and employees; act as a liaison with other LPL departments to coordinate investigative efforts.
- Conduct, coordinate, and/or supervise significant internal investigations, including detailed money movement and bank record analysis, e-mail and document reviews, and public record searches to.
- Draft initial case assessments and develop work plans, prepare interview summaries, and draft and review written summaries of investigations
- Support next steps as warranted (e.g., escalations, oral and written case briefings, case closure).
What are we looking for?
We want team members who are strong collaborators and can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and are able to execute in a way that encourages creativity and continuous improvement.
Requirements
- Bachelors degree required.
- 7 years of experience in-house at a broker/dealer or securities-related regulatory entity with significant exposure to investigation practices and procedures involving misappropriation, theft, fraud, etc.
- Ability to travel as needed.
Core Competencies:
- Excellent oral and written communication skills, including substantial experience conducting interviews.
- Possess superior judgment and aptitude for evaluating investigative referrals in a timely and substantive manner with strong interpersonal skills and an ability to interact with senior business and compliance partners across the firm.
- Proven ability to multi-task.
- Understanding of the financial services regulatory framework and the rules and regulations particular to broker dealers and investment advisors.
Pay Range:
The salary range is dependent on a number of factors, including the applicant’s skill, experience, and work location.
Why LPL?
At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.
We are one team on one mission. We take care of our advisors, so they can take care of their clients.
Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.
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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 (800) 877-7210.
