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Company: LPL Financial
Position: VP, Compliance Risk Assessment & Testing
Location: Fort Mill, SC or San Diego, CA

Description: The Vice President, Compliance Risk Assessment & Testing group, is responsible for administering a compliance risk assessment program, which includes the independent assessment of compliance and regulatory risks inherent in LPL’s broker-dealer and corporate investment adviser activities, as well as activities of affiliates, and assessing the effectiveness of the controls in place to mitigate those risks.  In addition, this individual works in partnership with Technology and Digital Risk & Compliance, Enterprise Risk Management, and Internal Audit, to assist with or conduct test work to verify that the LPL’s supervisory system and procedures are reasonably designed and operating effectively.

This position is part of LPL’s Compliance, Legal, and Risk (CLR) organization, and supports the company in monitoring, measuring and managing the company’s compliance and operational risk exposures.

Key Responsibilities:

  • Work with compliance subject matter experts to identify, assess, and document compliance and operational risks
  • Develop and execute strategies to evaluate the effectiveness of controls to mitigate compliance and operational risks
  • Consult on the development of controls to address control gaps and weaknesses
  • Develop risk and process taxonomies for conducting risk assessments
  • Design control testing plans based an evaluation of risks and controls
  • Lead exercises to map controls against the inventory of the firm’s known risks and obligations
  • Contribute to testing control effectiveness

Contact: Cammeron Jacobs (Cammeron.Jacobs@lpl.com)

Qualifications:

  • Undergraduate degree in a related field; JD, MBA or other advanced-level degree a plus
  • 8+ years Financial Services industry experience, with significant experience in compliance or risk management; 2+ years experience conducting risk assessments preferred
  • Ability to work with and communicate effectively to various levels throughout the organization through regular interaction with Senior and Executive Management across LPL
  • Knowledge of broker-dealer and investment advisor regulatory obligations
  • Ability to excel in a deadline-driven environment; including ability to set a work plan and deliver timely results with excellent quality
  • Problem solving skills that enable efficient identification of issues; structuring and execution of analysis; development of actionable recommendations; and implementation of those recommendations
  • Ability to leverage others’ expertise and experience in identifying, evaluating and mitigating risks
  • Ability to work independently to drive program forward with minimal oversight
  • Holds oneself and team accountable for decisions, direction, and deadlines

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