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SVP, Head of Securities Lending

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Position Summary: SVP, Head of Securities Lending

LPL Financial is seeking a dynamic and experienced industry leader to strategically develop and lead our securities lending program for Margin and Fully Paid Lending. This individual will be responsible for the overall strategy, execution, risk management, and growth of LPL's securities lending activities. The Head of Securities Lending will collaborate closely with various internal stakeholders, including Trading, Risk Management, Legal, Compliance, Technology, and Relationship Management teams, as well as external counterparties and vendors. This is a critical leadership role that will directly contribute to LPL's revenue generation and efficient balance sheet management.

Responsibilities:

Strategic Leadership and Development

Develop and implement a comprehensive strategic vision and roadmap for LPL's securities lending program, aligned with the firm's overall business objectives and risk appetite.
Identify and evaluate new opportunities and strategies to optimize revenue generation, enhance efficiency, and expand the scope of the securities lending business.
Define and monitor key performance indicators (KPIs) to track the success and effectiveness of the program.
Stay abreast of industry trends, regulatory developments, and best practices in securities lending.

Program Management and Execution

Oversee the day-to-day operations of the securities lending program, ensuring efficient and effective execution of lending and borrowing activities.
Establish technology solution to faciliate securities lending activities, to include contract negotiation
Manage relationships with lending counterparties, custodians, and other service providers.
Negotiate and review lending agreements and related documentation.
Optimize collateral management processes to ensure adequate coverage and minimize risk.

Risk Management and Compliance

Establish and maintain a strong risk management framework for the securities lending program, including the identification, assessment, mitigation, and monitoring of relevant risks (e.g., counterparty risk, market risk, operational risk, legal risk).
Ensure compliance with all applicable regulatory requirements, internal policies, and industry best practices.
Collaborate with Risk Management and Compliance teams to develop and implement appropriate policies and procedures.
Serve as primary liaison with regulators

Stakeholder Management and Collaboration

Build and maintain strong relationships with internal stakeholders across various departments.
Effectively communicate the strategy, performance, and risks of the securities lending program to senior management and relevant committees.
Partner with Relationship Management teams to educate advisors and clients on the benefits and risks of securities lending.
Collaborate with Technology teams to identify and implement technology solutions to enhance efficiency and scalability.

Team Leadership and Development

Build, lead, and develop a high-performing securities lending team.
Foster a culture of collaboration, accountability, and continuous improvement within the team.
Provide coaching, mentoring, and performance feedback to team members.

Qualifications:

Bachelor's degree in Finance, Economics, Business Administration preferred.
FINRA License Series 7 & Series 24
Minimum of 10-15 years of progressive experience in securities lending, with a significant portion in a leadership role.
Deep understanding of securities lending markets, products, strategies, and regulatory landscape.
Proven track record of developing and executing a successful securities lending program, including Fully Paid Lending.
Strong knowledge of risk management principles and practices related to securities lending.
Excellent negotiation, communication (written and verbal), and presentation skills.
Ability to build and maintain strong relationships with internal and external stakeholders.
Strong analytical and problem-solving skills with a data-driven approach.
Experience with relevant securities lending technology platforms and systems.
Demonstrated leadership abilities with experience in building and managing high-performing teams.
Ability to thrive in a fast-paced and dynamic environment.

Pay Range:

$180,788-$301,313/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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What You Should Know About SVP, Head of Securities Lending, LPL Financial

If you have a passion for leading in the finance sector, LPL Financial is looking for you! We are on the hunt for a dynamic SVP, Head of Securities Lending based in New York. In this important role, you will strategize and lead our securities lending program, focusing on Margin and Fully Paid Lending. Your responsibilities will range from developing a strong vision that aligns with LPL's business objectives to ensuring effective execution through collaboration with various stakeholders, including Trading, Risk Management, and Technology teams. You will be the mastermind behind identifying new revenue opportunities, monitoring key performance indicators, and ensuring compliance with regulatory standards. But it doesn't stop there—your leadership will guide a high-performing team, foster relationships with internal and external entities, and promote a culture of continuous improvement. With 10-15 years of experience in securities lending and proven leadership abilities, you will be key to our mission at LPL Financial. Join us and contribute directly to our revenue generation and efficient balance sheet management while navigating the dynamic world of securities lending!

Frequently Asked Questions (FAQs) for SVP, Head of Securities Lending Role at LPL Financial

What are the responsibilities of the SVP, Head of Securities Lending at LPL Financial?

The SVP, Head of Securities Lending at LPL Financial is responsible for the overall strategy and execution of the securities lending program. This includes overseeing day-to-day operations, establishing technology solutions, managing relationships with counter-parties, and maintaining compliance with regulations. You're expected to identify new revenue opportunities and define key performance indicators while leading a high-performing team.