Senior Supervisory Principal, Complex Products ( Alternative Investments )

LPL Financial   •  

Fort Mill, SC

Industry: Financial Services


8 - 10 years

Posted 361 days ago

The Senior Supervisory Principal, as part of the Complex Product Supervision within our Compliance, Legal and Risk division, will be responsible for serving as a subject matter expert for LPL Financial Advisors across the country.

This position will be responsible for supervising the suitability for transactions in products ensuring that the assigned advisors are meeting the standards and requirements of supervision set forth by regulatory agencies and the Firm. The Senior Supervisory Principal will also be responsible for leading junior staff and providing project support.

Essential Functions:

  • •Suitability review and approval of transactions in certain product specific areas such as alternative investments, structured products, exchange traded products and others as needed.
  • •Become a subject matter expert and liaison with vendors and wholesalers
  • •Assist with regulatory exams and requests as well as assist with the maintenance of the department’s written supervisory procedures
  • •Project management, planning and Issue resolution - This role will be relied upon to handle sometimes complex issues and aggressive deadlines
  • •Leading investigations of questionable sales activity and work with a Senior Analyst or Manager on resolution
  • •Keeping up to date with company and industry regulations; ability to interpret firm policies and procedures and incorporate into daily processes
  • •Routinely interacts within a team environment to identify potential sales practice concerns, initiate escalations, and consult on problematic clients or branches
  • •Provide awareness across all BRM departments of any investigations, escalations, or emerging risks involving advisors and OSJs


  • •Undergraduatedegree in Business, Accounting, Finance, or related discipline
  • •Series 7, 66 (or 63 and 65), 24 (or 9 and 10) required, or ability to obtain within 90 days
  • •Series 4 and 53 a plus
  • •7 + years compliance experience and 10+ years industry experience
  • •Strong understanding of complex products (i.e. alternative investments)
  • •Life and Health Insurance License a plus
  • •Experience with all Microsoft applications, particularly, Excel, Word, Access, PowerPoint, and Visio and familiarity with BETA a plus
  • •Ability to work in a fast paced/high volume environment and be flexible with work schedule
  • •Ability to multi-task, strong attention to detail, excellent problem-solving and follow-up skills are essential for this position
  • •Excellent oral and written communication skills
  • •Ability to make regulatory and supervisory-based decisions will be necessary to complete the day-to-day functions of the role and for staff support in their role as Branch Office Manager
  • •Strong mentoring skills
  • •Proactive collaboration and service-based responses with business partners on escalated issues and concerns is essential
  • •Excellent management, and human relations skills
  • •Ability to develop compliance systems and strategies for effective supervision
  • •Knowledge of mutual funds, annuities, general securities, and otherfinancial products required
  • •Knowledge of FINRA SEC, and State rules and regulations required

Job ID: R-000995