Description

Assistant vice presidents are developing leaders in the firm. They provide strategic insight within their teams but also operate tactically, staying close to the day-to-day work and operations. They may be people managers or individual contributors but also act as influencers, leaders and coaches to those around them. Assistant vice presidents develop their own opinions and are vocal participants in business unit decisions. They are comfortable expressing themselves and speaking up to senior leaders and know when and how to do so in a way that best serves the business. They communicate up, down and sideways, considering all stakeholders in decisions and messaging. Additionally, they also advocate on behalf of the advisor and bring those issues forward for awareness and review.

The assistant vice president in client compensation is responsible for building, leading and driving a high motivated staff to deliver best in class commissions billing and processing experience. This person will be working with other managers to the department to ensure on complex strategies to continuously streamline processes. In addition to that, this person will be continuously coaching and training leaders in the department to lead with excellence every single day. Key competencies of this role include leading leaders, managing upwards to create firm level awareness of needs and opportunities, and executing and delivering on strategies to enhance quality advisor experience. Other responsibilities include interacting with multiple layers of management and key stakeholders within the organization on strategic thoughts, vision and execution around the delivery of Advisor compensation, expenses, billing, and bonus.

Responsibilities Include

• Evolving our support delivered to a fast-growing advisor base across a diverse set of solutions and business models for commissions billing and commissions processing.
• Championing new ideas and initiatives, creating an environment that supports innovation and excellence.
• Overseeing and driving towards meeting KPIs, key metrics and being committed to using them to help drive continuous improvement, refinement and champion Lean Management System (LMS)
• Building business and or development plans, action steps, and timetables for projects; preparing realistic estimates of budget, staff, and other resources.
• Reviewing advisor and business partner feedback and trends while identifying, resolving and implementing changes needed to improve the overall advisor experience.
• Liaising with our business leaders, colleagues and advisors to deliver support that not only satisfies but builds loyalty.
• Building collaborative relationships, fostering a sense of teamwork, facilitating the effective interaction and contribution of others to achieve goals.
• Ability to manage and lead effectively in an ever changing environment through business acumen and organizational agility especially leading process changes as part of Compensation Transformation
• Skilled change management driver who has critical consensus building skills and an ability to drive complex initiatives and change across multiple functions within the organization by partnering with and leveraging others’ expertise and roles
• Build sound business relationships across the enterprise to enable a strong understanding and close alignment with business needs, direction, and risk appetite
• Demonstrate sustained high performance and high career potential
• Must be comfortable leading and presenting in front of large groups of advisors and staff.
• Demonstrated experience with excelling in an “influence model”, where results are often achieved with and through others.
• Has critical consensus building skills and an ability to drive initiatives and change by partnering with and leveraging others’ expertise and roles

Soft Skills Required

• Excellent verbal and written communication skills
• Personable and reliable self-starter who requires minimal management oversight for day-to-day work responsibilities
• Strong attention to detail with a pro-active approach to solving and preventing problems
• Ability to work under pressure/deadlines and manage multiple priorities
• Ability to interface effectively with all levels of management
• A positive can do attitude; wiling to ‘get in the weeds’ with employees
• Ability to inspire, motivate, and challenge your team to tackle the opportunities for improvement.
• Innovative and have an “outside of the box” thinking with a pro-active approach to solving and preventing problems
• Fosters diversity of thoughts, seeking input from different background and experiences
• Ability to work under pressure/deadlines and manage multiple priorities
• Strong time management and organizational skills
• Demonstrate strong managerial and coaching skills with a goal of developing future accountable leaders for the organization

Qualifications

• 5+ years of experience leading and developing others
• Currently have SIE, Series 7 or Series 99 OR pursuing licensing

Preferences

• Proven ability to lead and coach financial professionals while possessing strong mentoring and employee development skills
• Proven record of leading a team with integrity and creating an environment where the team members felt included, valued, and supported to do work that energizes them and allowed to grow their careers.
• Bachelor degree preferred
• Desire to take additional licensing in the future
• All Microsoft suite applications: Excel and Powerpoint used frequently…Visio, Access, Word are nice to have
• Salesforce is a plus

Pay Range:

$80,363-$133,938/year

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!

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.

EAC1.22.25