VP Assistant General Counsel Institution Services

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!  

Job Overview:

The Institution Services Legal Team within LPL’s Legal & Government Relations department is looking for an engaged and keen-minded attorney to (1) support our industry-leading Institution Services business, through which LPL provides investment (advisory and brokerage) and insurance services to over 1,000 banks and credit unions across the United States and (2) be involved in negotiating LPL’s relationships with its product manufacturing partners and insurance companies to establish LPL investment programs at those large complexes. This role will provide advice on securities, banking, investment advisory and insurance regulations and will negotiate agreements that govern our relationships with our institution and product manufacturing clients. The role, Vice President, Assistant General Counsel will collaborate with an experienced team of lawyers and legal professionals to provide pragmatic legal advice and thought leadership on the securities, advisory and insurance businesses LPL offers to 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 but who can operate independently 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.
• 7-10 years of experience advising on financial services matters, with at least 3-5 years negotiating complex commercial or transactional 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 and state 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.
• Drive to help guide our business to create practical solutions – collaborative and flexible mindset
• Familiarity with privacy and data transfer issues in the financial services industry is preferred. 

Pay Range:

Company Overview:

LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.

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.

Join LPL Financial: Where Your Potential Meets Opportunity

At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation’s leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.

Why LPL?

• Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!

• Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!

• Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!

• Impactful Work: Our size is just right for you to make a real impact. Learn more here!

• Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!

• Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!

• Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. 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.

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