VP, Compensation

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!
Excited to learn more? If so, then this could be the role 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 22,000 financial advisors, 1,100 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:
Reporting to the EVP, Total Rewards, the VP of Compensation within Human Capital will operate in a matrix environment providing strategic and operational support to business leadership while supporting Human Capital initiatives. This role would work to centralize Compensation Planning, Design, Governance, reporting, and metrics, as well as compensation communication and plan documentation.
Responsibilities:

• Partner with each business unit leadership team and human capital business partners to develop compensation plans that are in alignment with corporate goals.
• Research effectiveness of current compensation metrics and review for potential areas of improvement.
• Research and benchmark market data for compensation programs to evaluate the competitiveness of compensation plans.
• Ensure operational oversight of compensation programs including separation of duties (e.g., design, calculations, audit, reporting, administration, etc.)
• Function as a dedicated and primary resource for employees who have questions regarding their compensation plans.
• Lead a compensation team, driving performance through modern management methods.
• Partner with internal risk department to evaluate and report on any potential risks with LPL's compensation plans.
• Continually explore innovative ways to improve LPL performance through the appropriate application of job grading systems, alignment to compensation, and impact on budget.
• Coordinating with other departments, project lead the development of quarterly presentation materials for the LPL Management Committee.
• Partner with, and help as directed by the SVP Total Rewards, Executive Compensation lead and Sales Incentive Compensation lead.

What are we looking for?
We want strong collaboratorswho 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:

• Bachelor's Degree required.
• 10+years of business experience with preferably 5+ years of compensation leadership experience.

Core Competencies:

• Genuinely curious and continually seeks to build a better system.
• Exceptional customer service skills.
• Ability to effectively interface with all levels of the organization.
• Strong verbal and written communication skills.
• Understands the importance of keeping associated parties informed regularly.
• Tells a compelling story that inspires action and the right behaviors.
• Ability to work efficiently as a team.
• Strong attention to detail.

Preferences:

• Financial services experience

#LI-EC
Pay Range:
$146,800-$220,200/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.
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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.