SVP, Associate General Counsel of Litigation and Arbitration

LPL Financial is currently looking for a Senior Vice President, Associate General Counsel of Litigation and Arbitration, to lead the firm’s Litigation and Arbitration team.  The SVP will report to the Executive Vice President (EVP) for Litigation and Regulatory in the Firm’s Legal Department.  This role will be based in Ft. Mill (SC), Washington D.C., New York, or Boston.

The SVP will serve as the leader of the Litigation and Arbitration team primarily focused on driving the strategic management of the Firm’s docket of cases while continually developing the team into a world-class legal service provider.  The team represents the Firm in all litigation and arbitration matters filed against, or commenced by, LPL.  They will be responsible for developing a process-driven approach to matter management that can be implemented at scale; professional development planning; and a key strategic partner focused on communicating with stakeholders throughout the Firm.  The SVP will also coordinate closely with colleagues in other LPL departments on cross-departmental initiatives;  and report to and advise senior management of the firm.

Responsibilities:

• Manage a team of world-class attorneys and staff located in various locations across the country.
• Strategically manage and supervise the firm’s litigation and arbitration docket to ensure effective representation and optimal litigation results. 
• Activities will include:  attorney assignment and outside counsel selection;  regular communication with handling attorneys and to maintain familiarity with docket and provide ongoing oversight and guidance on case strategy;  case report evaluation and approval of all settlements;  workload management for attorneys and paralegals;  and regular reporting to firm management about claim activity and related exposures.
• Maintain and implement all Litigation/Arbitration policies and procedures.
• Maintain and implement data controls to enable reporting on claims metrics;  deliver reporting on metrics to senior management and firm risk oversight committees including in periodic formal presentations to management.
• Respond accurately to internal and external audit requests or requests for claims data.
• Serve as a liaison with other LPL departments and coordinate risk management efforts with other business units.
• Serve as liaison and point of contact with Finance on reporting of all claim exposures and receivables, and with all insurance providers with regard to coverage determinations, negotiations and indemnification requests.
• Proactively report to Firm management on policy recommendations arising out of Litigation/Arbitration case findings.
• Manage all hiring and talent management activities of the team.

Requirements:

• Substantial experience (15 years +) as an attorney, preferably with outside counsel experience and in-house experience at a financial services firm.
• Management experience required.
• High level of familiarity with the many legal standards and regulatory schemes that apply to retail financial services (Broker-dealer experience and/or RIA experience preferred).
• Deep familiarity with and understanding of discovery rules, attorney-client privilege and work product privileges, and professional ethics, particularly as they apply to an in-house environment.
• Excellent writing and oral communication skills, experience with formal presentations and public speaking.
• JD and an undergraduate degree from accredited institutions of higher education as well as a state bar membership in good standing are required.             

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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