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 :

The pay range for this role is $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.

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.

LPL Financial is an equal opportunity employer. EOE.

Important Information :

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.

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