Job Description

Lead with Purpose, Unlock Your Team’s Passion

At LPL, people leaders hold the key to the employee experience — shaping culture, driving performance, and guiding individuals to new heights. Because when that happens, we all win – clients, LPL, and most importantly our, employees.

If you're ready to lead with intention and discover what’s possible, LPL Financial invites you to apply today.

LPL Financial is searching for a seasoned industry leader to architect and drive the strategic development of its securities lending operations program, encompassing Margin, Fully Paid Lending, Funding, and Operational Oversight. This role is central to designing, integrating, enhancing, and overseeing the daily operations related to securities lending, funding, and settlement activities. The Vice President of Securities Lending Operations will work closely with the Head of Securities Lending and collaborate across internal teams including Trading, Operations, Risk, Compliance, Legal, Technology, Credit, Regulatory Reporting, and Finance, as well as with external vendors and partners, ensuring seamless operational integration and adherence to regulatory requirements throughout all facets of LPL’s securities lending and funding processes. This opportunity is ideal for a highly experienced professional with deep expertise in securities lending, clearing, and settlement, who is eager to leverage their advanced knowledge in a dynamic environment.

Roles & Responsibilities:

• Develop and implement a comprehensive securities lending operational roadmap for LPL's securities lending program, aligned with the firm's overall business objectives and risk appetite.
• Establish and maintain a strong risk management framework for the securities lending program, including the identification, assessment, mitigation, and monitoring of relevant risks
• Ensure compliance with all applicable regulatory requirements, internal policies, and industry best practices.
• Collaborate with Risk Management and Compliance teams to develop and implement appropriate policies and procedures.

• Collaborate with operational teams to map and assess current LPL processes, ensuring they are adjusted and integrated to support future LPL Securities Lending and funding capabilities, particularly by incorporating new Securities Lending activities into daily segregation deficit processes and compliance.
• Leverage robust operational experience to share information to create operational excellence within the firm.
• Oversee the day-to-day securities lending operational team and process, ensuring efficient and effective settlement and regulatory compliance of lending and borrowing activities.
• Optimize operational collateral management processes to ensure adequate funding flows and coverage to minimize risk.
• Support Finance in establishing dealer, suspense, and clearance accounts to accurately reflect securities lending and funding positions.
• Enhance transparency for Risk and Finance teams to develop accurate reporting of activities, balances, and projections.
• Create and implement policies, procedures, and supervisory guidelines for securities lending activities.
• Implement daily procedures to collaborate with Dividend and Corporate Actions teams to capture and post activity related to securities lending activity efficiently.

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:

• Minimum of 15+ years of progressive experience in securities lending, with a significant portion in leadership and management role.
• Extensive experience in Broker dealer operations, securities lending, markets, products, strategies, and the regulatory landscape.
• Experience developing and executing a successful securities lending program, including Fully Paid Lending with internal teams and regulators.
• Experience managing Securities Lending Operations, Settlements, Firm Balancing (cash and securities) and Purchase and Sales teams.

Core Competencies:

• Significant knowledge of Regulatory Reporting, Daily reconciliations, Corporate Actions, Dividends, and Funding capabilities and risk.
• Strong knowledge of risk management principles and practices related to securities lending.
• Substantial understanding of how FIS, BETA, DTCC, and OCC platforms and data reconciliation tools, flows and reports are managed and leveraged within a broker dealer
• Ability to balance the "flow" nature of a broker dealer with the fiduciary considerations of an investment advisor.
• Served on SIFMA committees and Industry initiatives to develop and support best practices.
• Excellent communication skills and ability to communicate findings to senior leadership.
• Ability to build and maintain strong relationships with internal and external stakeholders.
• Experience with relevant securities lending technology platforms and systems.
• Ability to thrive in a fast-paced and dynamic environment.

Preferences:

• FINRA Series 7, 53, 63 and 99

Pay Range:

$141,110.00 - $235,149.00

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!

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 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.

EAC 5.19.26