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Are you a team player? Are you curious to learn? Do you want to provide dynamic, risk-based legal advice in a successful and growing company? If so, LPL Financial is the place for you! Excited to learn more? If so, then this could be the role 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 22,000 financial advisors, 1,100 institution-based investment programs, and 500 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 Institutional Services Legal Team within LPL’s Legal department is looking for an engaged and keen-minded attorney to support our industry-leading Institution Services business, through which LPL provides investment and insurance services on the premises of over1,000 banks and credit unions across the United States. This role will provide advice on securities, banking, investment advisory and insurance regulations and will negotiate agreements that govern our relationships with our institution clients. The role, Assistant Vice President, Associate Counsel, will report to the Vice President, Assistant General Counsel and will collaborate with an experienced team of lawyers to provide pragmatic legal advice and thought leadership on our securities, advisory and insurance business with our financial institutions.
Responsibilities:
Drafting, negotiating, and closing a high volume and a wide variety of networking agreements (agreements where LPL will be the broker-dealer and investment advisor), ensuring that all contracting processes are adhered to and the firm’s contracting standards are maintained, including but not limiting to those relating to risk allocation.
Effectively and proactively providing sound advice on federal and state securities, banking and insurance laws and rules
Partnering with our Institution Services business colleagues and other members of our Compliance and Risk teams to drive thought leadership in this practice area, in which LPL is already a market leader.
Supporting the Legal team’s effort to consistently review and improve policies and process to make what we do efficient and repeatable.
Please note: Additional responsibilities or duties may be assigned to you as needed or determined.
Who 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:
JD from a nationally accredited law school; admitted to practice law, and in good standing, in at least one jurisdiction in the U.S.
3-5 years of significant experience drafting and negotiating commercial contracts
Experience at a law firm or company in the financial services industry. Ideal candidate has worked actively with FINRA rules, Investment Advisers Act, Securities Act of 1934 and federal banking laws and regulations.
Core Competencies:
Strong organizational and project management skills, including the ability to manage multiple projects and manage deadlines in a fast-paced and demanding work environment.
Superior communication, writing, and analytical skills.
#LI-PA
Pay Range:
$128,900.00 - $214,900.00
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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We take social responsibility seriously. Learn more here
Want to see info on our benefits? 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.
- $128,900 - $214,900
