Ops Specialist

Job Description

Are you passionate about delivering solutions to LPL’s financial advisors?

Are you results-oriented, agile-minded, and can work in a team or independently? Do you like thinking outside the box, learning new skills and problem solving? 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 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

Job Overview:

The Cash Control Ops Specialist will be responsible for monitoring Cash Control processes for both quality and risk. The individual will review checks, wires, ACH’s, deposits, and journals for quality. They will also review transactions to determine approval based on funds availability. During the review of the Cash Management processes, the specialist will also be responsible for identifying, stopping and escalating items processed that are not in line with the firms policies and procedures.

Responsibilities:

• Process Review- Review checks, wires, ACH’s, deposits, and journals for Quality, Risk, and to mitigate fraud. Daily Task must be completed in a deadline driven environment
• Report Review- Reviewing reports to confirm that items are being processed in conjunction with the firms policies and procedures
• Continuous Learning- Keeping up to date on new processes and controls, actively participating in team huddles and monthly department and other meetings
• Verification of Deposits- Review for Quality, Risk, and to mitigate fraud
• Confirmation Letter Review- Review for Quality, Risk, and to mitigate fraud
• Complete Database, Documentum, Siebel, items upon review- Maintain required daily SLA objectives

What are we looking for?

We want strong collaborators who 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:

• Bachelor’s degree, preferably in Finance or related field
• Minimum 2 years’ experience general brokerage industry knowledge
• Proficient with Microsoft Excel, Word, and Outlook

Core Competencies:

• The ability to work in a cross-functional team and multi-task in a fast paced deadline driven environment
• The ability to prioritize responsibilities to ensure deadlines provided by regulators and firm are followed and identify and manage firm risk
• Strong communication skills, both written and oral, and willingness to speak up, talk to advisors and stakeholders
• Strong analytical skills with demonstrated ability to evaluate business opportunities and evaluate results against established objectives

Preferences:

• SIE certification, S7 or S99 preferred
• Refinitiv/BETA experience

 

Pay Range:

$13.69-$20.54/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!

 

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.