Associate Analyst, Corporate Actions

Associate Analyst

At LPL Financial, we empower professionals to shape their success while helping clients pursue their financial goals with confidence. We are seeking a candidate who ideally has previous experience in the financial services industry, preferably with a background in dividends (mutual fund or equity), corporate action voluntary and mandatory events, restricted security processes, or proxy / shareholder communications. The Associate Analyst responsibilities may include monitoring corporate action events including analyzing and drafting terms for reorg announcements, processing of complex allocations, exception processing review and analysis, account reconciliation, submitting restricted stock certificates for restriction removal or reregistration, and facilitating stock option exercises.

Strong interpersonal, organization, and communication skills (written and verbal) as well as the ability to develop internal and external relationships are needed to be effective in the role.

Responsibilities may include leveraging technology to automate manual work and simplify processes where feasible to create a highly scalable, flexible, and efficient infrastructure; understanding and interpreting regulatory requirements and industry updates in an ever-changing regulatory environment, and the business needs of LPL, our advisors, and other departments; responsible for daily quality control, exception review processing and reporting; analyzing and managing the firm's DRIP program, ensuring compliance with industry guidelines; researching and escalating allocation issues to our domestic and foreign depositories; reconciling suspense and clearance accounts, resolving breaks, and security and suspense transaction reviews adhering to established quality control measures and procedures; analyzing downgraded or new corporate action events, updating or drafting terms and key information to communicate with advisors for domestic and foreign securities; researching restricted stock certificates with various 3rd parties including Transfer Agents, Issuers, Legal Counsels and others to determine requirements and eligibility for restriction removals and re-registrations; performing detailed bank and client reconciliations and daily settlements for LPL's cash sweep programs, and ensuring that internal controls are performed accurately and timely; facilitating the approval and establishing of collateral / pledged accounts with 3rd party banks and internal partners; partnering with our Financial Professionals and external companies to facilitate Employee Stock Option Exercises; effectively and confidently communicating with other internal departments as well as external 3rd parties including but not limited to; contra brokers, transfer agents, issuers, vendors, and partners to resolve issues, broker and ACAT fails, or submit claims; being a subject matter expert (SME) on operational policies and procedures. Assisting with the review, and update of Training Manuals and creation of new ones as needed; handling inbound calls and the team mailbox, researching and replying to inquiries from advisors and service teams. Researching and processing service requests that are created by service teams; supporting and contributing toward the successful execution of projects and initiatives that support LPL's priorities. Participating in UAT; other assignments as required by Management.

We're looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements may include 2-3 years of financial and / or brokerage industry experience, preferably in operations; proficient in Microsoft applications, particularly Excel, Word, Access, and Outlook.

Core competencies may include excellent problem-solving skills, strong attention to detail, ability to analyze data, draw insights, and make data-driven decisions; strong ability to multi-task various functions and assignments with competing priorities, changing demands, and tight deadlines; effective and proactive communicator with strong written and verbal communication skills in dealing with advisors, internal and external parties, vendors, and different levels of management; ability to execute strategies and track successful delivery; positive attitude with a commitment to excellence and integrity.

Preferences may include BA / BS (or equivalent work experience); FINRA SIE, 99 or 7 licenses preferred.

Pay Range : $23.98-$39.96 / hour 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.

LPL Financial Holdings Inc. (Nasdaq : LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace. LPL supports over 29,000 financial advisors and the wealth-management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.