SVP, Associate General Counsel – Securities Lending and Institution Support

The SVP, Associate General Counsel – Securities Lending and Institution Support will assist other attorneys in the department and senior members of the business, including the Deputy General Counsel and the Chief Legal Officer, with leading the teams that provide legal advice in multiple areas of the company’s business, with a focus on (i) building our securities lending business and supporting other cash, banking and lending products and (ii) the Institution Services relationship business (including relationships with our insurance company/product manufacturing segment).
This role will report to the Executive Vice President, Deputy General Counsel within the Legal Department’s Advice, Business and Commercial legal group.  The role will require frequent interaction with the company’s business teams that support the distribution and sale of a wide variety of financial products, as well as executives and legal personnel at our clients.  

Responsibilities:

• Securities Lending, Collateral Arrangements and Regulatory Compliance: The ideal candidate will have deep expertise in securities finance, prime brokerage and related capital markets activity. This role requires close partnership with trading desks, operations, compliance, risk and external counterparties.
• Institution Services/Product Manufacturing: Lead team responsible for maintaining and negotiating required contracts with third party financial institutions in support of institution services business, which currently supports over 1,100 financial institutions across the U.S.  Provide thought leadership on legal and regulatory issues impacting the providing of investment services at banks and credit unions. Partner with several internal stakeholders on various issues impacting institution clients, ranging from technology and data transfer issues to regulatory oversight and vendor management concerns. Complex contract negotiation skills and management of outside counsel (where appropriate) are needed.    
• Product/Services: Lead team that coordinates and provides legal advice on the development and deployment of advisor-facing services and Banking and Lending Solutions for investor clients.  Some of these products and services are new to LPL, and require broad issue-spotting to consider potential impacts at various places in the service and product lifecycle (from pilot to full national rollout, and thereafter).  Within the Banking and Lending product area is advisor lending, margin, securities backed lines of credit, cash management/sweeps, checking/debit services, and credit card services.  Advisor-facing services include new and existing strategic efforts to support the business practices of LPL advisors.

Qualifications:

• J.D. from an accredited law school and active bar membership in good standing.
• 15+ years corporate legal experience, ideally with a combination of law firm transactional/regulatory practice, and in-house work at a bank, broker-dealer, asset manager or other financial services complex, and preferably experience in a wealth management organization. 
• Experience as an attorney working with the Securities Exchange Act, Investment Advisers Act, rules and regulations of self-regulatory organizations, federal banking laws and basic corporate law principles.
• Strong drafting, negotiation and communication skills.
• Should have excellent interpersonal skills and ability to interact with members of senior management and clients as well as adaptability and willingness to take on a wide variety of new tasks.

 

Pay Range:

$207,075-$345,125/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.

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