Alternative Investment Manager

Are you a team player? Are you curious to learn? Are you interested in working in meaningful projects? Do you want to work with cutting-edge technology? Are you interested in being part of a team that is working to transform and do things differently? If so, LPL Financial is the place for you! LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 18,000 financial advisors, 800 institution-based investment programs and 450 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients. Job Overview: The Alternative Investment (AI) Manager co-manages the Alternative Investment Trade Desk, and reports to our Assistant Vice President of AI Trading. The Alternative Investment Trade Desk is comprised of 15 individuals who are supporting inbound phone calls from our advisors regarding placement of Alternative Investment Trades, and supporting processing of subscriptions, redemptions, and capital calls for Alternative Investments. The AI Trading Team supports various initiatives across the industry and within LPL to continuously improve and expand our Alternative Investment offerings. This includes representing LPL with funds, product sponsors, transfer agents, DTCC/AIP and other industry contacts, implementing and identifying needed improvements to our processing and interfaces, creating and delivering training content for our advisors, and facilitating testing to support onboarding of new capabilities. As a manager, you are leading the team through these items, developing talent within the organization, and establishing team level goals, and collaborating across LPL to deliver an industry leading experience in the AI Trading space. Responsibilities: The Alternative Investment Manager must have or be willing to quickly acquire a high level of knowledge regarding products supported by the Alternative Investment Trade Desk, industry standards and industry regulations. Maintain relationships with management of other internal business units, software vendors and industry contacts. Maintain high-level knowledge of LPL processes and system platforms as they relate to Alternative Investment subscriptions, redemptions, capital calls. Represent the Trading department in project meetings and initiatives that either directly or indirectly impact the Alternative Investment area Co-manage the Alternative Investment Trading staff which includes all aspects of managing people: hiring, performance management and goal setting, setting daily and weekly team priorities, and developing talent. Create performance plans, coach employees for improved performance, identify developmental needs and opportunities, recognize staff contributions, motivate employees, ensure candid and clear communications up and down the organization and complete performance and pay reviews. Lead the team in delivering world class service that delights our advisors. Manage and monitor daily work flow to ensure SLAs are met. Coach team members on service delivery. Act as a point of escalation for advisor issues. Lead team in consultative training approach to help advisors gain further value from our AI Trading platform and capabilities. Lead the team through continuously improving our Alternative Investment experience. This includes compiling and analyzing call, transaction and NIGO trends to identify areas of opportunity. Participating in identifying, supporting and implementing system and process initiatives that improve the Alternative Investment experience and expand our capabilities. Provide thought leadership and support to the project request process for the Alternative Investment desk. Actively manage system defects, create suitable workarounds and ensure system issues are reported tracked and fixed in a timely manner. Review process workflow for purpose of increasing efficiencies and identifying potential areas for improvement (i.e. ease of doing business). Ensure compliance with regulatory requirements, anticipate - as well as adapt - to regulatory changes. Be able to identify how these regulatory changes will impact Alternative Investment Trade desk, and identify needed updates to processes and systems to adapt to regulatory requirements, actively review procedures, identify areas of risk and ensure proper controls are in place to mitigate risk. What are we looking for? We want strong collaborators who can deliver a world-class client experience . We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented , and are able to execute in a way that encourages creativity and continuous improvement . Requirements: 5-7 years' experience in financial services, (At least 1-2 years within trading or alternative investments) 1 plus years experience in people leadership (either as direct manager, team lead or other leadership role) Series 99 required or must obtain within 90 days. Core Competencies: Strong leadership skills Excellent communication and listening skills Ability to provide effective feedback & drive career development of staff Ability to work in a close knit team environment Excellent organizational skills Commit to owning the customer experience by driving satisfaction to high levels and adhering to our corporate values Preferences: Software/Systems Skills Required/Preferred: MS Office, BETA, VBA Excel Macros, ClientWorks, ServiceWorks, Nice, Documentum, Electronic Order Entry, AIP Bachelor's degree Series 7, 24, 63/65 or 66 Pay Range: $71,300.00 - $118,800.00 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! Why LPL? At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation's leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential. We are one team on one mission. We take care of our advisors, so they can take care of their clients. Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work. Want to hear from our employees on what it's like to work at LPL? Watch this! We take social responsibility seriously. Learn more here Want to see info on our benefits? 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 @lp 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) .

Created: 2024-11-05