Associate Analyst, Corporate Actions

Associate Analyst

Job Overview : 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 :

• Leverage technology to automate manual work and simplify processes where feasible to create a highly scalable, flexible, and efficient infrastructure
• Understand and interpret 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
• Analyze and manage the firm's DRIP program, ensuring compliance with industry guidelines
• Research and escalate allocation issues to our domestic and foreign depositories
• Reconcile suspense and clearance accounts, resolving breaks, and security and suspense transaction reviews adhering to established quality control measures and procedures
• Analyze downgraded or new corporate action events, update or draft terms and key information to communicate with advisors for domestic and foreign securities
• Research 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
• Perform detailed bank and client reconciliations and daily settlements for LPL's cash sweep programs, and ensure that internal controls are performed accurately and timely
• Facilitate the approval and establishing of collateral / pledged accounts with 3rd party banks and internal partners
• Partner with our Financial Professionals and external companies to facilitate Employee Stock Option Exercises
• Effectively and confidently communicate 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
• Be 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
• Handle inbound calls and the team mailbox, research and reply to inquiries from advisors and service teams. Research and process service requests that are created by service teams
• Support and contribute toward the successful execution of projects and initiatives that support LPL's priorities. Participate in UAT
• Other assignments as required by Management

What are we looking for? 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 :

Core Competencies :

Preferences :

Company Overview : LPL Financial Holdings Inc. 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.

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.