Evp, Total Rewards

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 21,000 financial advisors, 1,100 institution-based investment programs and 500 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.
The EVP, Total Rewardsis the leader of the function that oversees the Compensation, Incentive Plans, and Executive Compensation programs ensuring competitive salary structures and performance-based rewards that attract and retain top talent. Beyond monetary compensation, the team manages a broad spectrum of Benefits, offering health, 401(k), and wellness programs that address the diverse needs of our workforce. Additionally, the Total Rewards team is responsible for the seamless operation of HR Operations & Systems. This encompasses the maintenance and optimization of HR Systems, the provision of services through the HR Solutions Center, and the efficient processing of Payroll. Through these comprehensive efforts, the Total Rewards team plays a pivotal role in ensuring LPL Financial remains a preferred employer, capable of attracting and nurturing exceptional talent across all levels.
This position is critical, not only to manage the Total Rewards for all internal employees, but to be a thought leader to connect Total Rewards with driving company performance and strategic long-term objectives.
This individual will have a proven track record of creating innovative, industry-leading rewards strategies and programs, and will need to be comfortable operating in a collaborative, fast-pace and matrix environment.
Key Direct Reports

• SVP, HR Operations & Systems
• SVP, Benefits
• SVP, Executive Compensation
• VP, Incentive Compensation
• VP, Compensation

Primary Responsibilities

• Total Rewards Strategy: Develop and execute a comprehensive Total Rewards strategy aligned with the company's objectives and values, ensuring that it supports our scale and growth plans.
• Compensation Planning: Lead the design, implementation, and maintenance of competitive compensation programs, including base pay, variable pay, equity incentives, and executive compensation.
• Benefits Management: Provide direction in the execution of the company's Benefits programs to ensure alignment with company's goals, initiatives, and budget. Oversee the administration and enhancement of employee benefits programs, including health, wellness, retirement, and other perks, ensuring they meet the diverse needs of our workforce.
• Data Analysis: Utilize data analytics and benchmarking to make informed decisions about compensation and benefits, regularly reviewing and adjusting programs to remain competitive.
• HRIS & Operations: Optimize and ensure the Workday human capital management platform and all associated systems and tools are being leveraged appropriately to drive efficiency. Identifies opportunities for process optimization, automation, and simplification of tools and approaches and develops scalable methodologies and tools to optimize HR operations and streamline core processes
• Compliance and Governance: Ensure that all compensation and benefits programs comply with relevant laws and regulations and maintain strong governance practices.
• Talent Attraction and Retention: Partner with recruitment teams to develop compelling compensation packages that attract top talent, and with HR to create retention strategies.
• Communication and Education: Develop communication strategies to educate employees about the value of their Total Rewards and provide guidance on making informed benefit choices.
• Vendor Management: Manage relationships with external vendors, consultants, and benefit providers to ensure the delivery of high-quality services.

The Ideal Candidate:

• Bachelor's degree in Human Resources, Business, or related field; Master's degree or relevant certifications (e.g., CCP, CBP) preferred.
• Minimum of 15 years of progressive experience in compensation and benefits, with a track record of success in scaling organizations.
• Strong understanding of global compensation and benefits practices, regulations, and market trends.
• Excellent analytical and problem-solving skills, with the ability to use data to drive decision-making.
• Exceptional leadership and team management abilities.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with senior leaders and employees.
• Demonstrated ability to work in a fast-paced, high-growth environment.

Core Competencies:
Strategic Agility

• Leans into ambiguity - runs towards the challenge with confidence
• Thinks big and creates a bold agenda that inspires people
• Demonstrates learning with accountability, curiosity and humility

Problem Solving/Decision Making

• Expects and requires innovation and simplification from diverse teams
• Bias for action and calculated risk-taking
• Benchmarks against the best; knows what problems they are solving

Operational Excellence

• Moves up and down in altitude, stays connected to the details
• Mobilizes people and teams to confront tough new realities and does the necessary learning, seeks feedback, and iterates to accelerate success
• Seeks and applies workforce analytics as a lens for capacity and resource planning

Talent Management

• Obsess on hiring the best, raising the talent bar with every promotion, and developing exceptional talent for team LPL
• Builds own capacity and that of their organization to lean in and learn from differences as a source of strength

Pay Range:
280,000-420,000/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!
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 @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.