VP, Lincoln Financial Securities
Company: Lincoln Financial Services
Posted on: May 28, 2023
Alternate Locations: Philadelphia, PA (Pennsylvania); Radnor, PA
(Pennsylvania); US Northeast
Hybrid/Common Days+ : Work 2-3 days a week in a Lincoln office with a designated workspace.
Relocation assistance: is not available for this opportunity.
Requisition #: 69428
Role at a glance
The Vice President, Lincoln Financial Securities Corporation (LFSC) provides executive and strategic leadership to the Lincoln Financial Network's independent broker dealer. He/she will lead all activities of the securities clearing operations. He/she will also ensure the identification and management of LFS and Service Excellence's regulatory capital and risk/exposure as mandated under FINRA and SEC guidelines. In addition, he/she will establish and maintain investment products and advisory platforms and services.
What you would be doing
Develops an overall strategic vision for the Lincoln Financial Securities Corporation
Establishes LFSC organizational goals, objectives, and operating procedures.
Ensures the effective implementation, integration, and execution of LFSC's strategic plan initiatives.
Leads LFSC's focus on internal and external (i.e. business partners, advisors, brokers, traders) customer service at every touch point while simultaneously delivering operational effectiveness.
Ensures LFSC operational plans are aligned with Lincoln Financial Group's (LFG) overall business plans and specific strategic and tactical initiatives.
Formulates, communicates and implements strategies, policies, procedures and systems to minimize risk to enterprise and its groups while balancing the needs of the broker/traders.
Ensures the appropriate controls (financial, operational effectiveness, efficiency, quality, and regulatory controls) are implemented and maintained within LFSC.
Establishes and implements policies and procedures to ensure all financial representatives are meeting the standards and requirements set by regulatory agencies and Lincoln Financial Group (LFG) compliance.
Ensures the documentation and explanation of operational models for regulators as well as independent and internal auditors.
Ensures the preparation and accuracy of various SEC & FINRA required reports.
Leads the management of operational risk though the application of internal controls and regular risk assessment reviews.
Ensures documentation and monitoring of compliance related matters; meeting or exceeding all regulatory agency guidelines and standards as well customer requirements.
Ensures the monitoring of all activities of clearing relationships including funds, settlement, margin and delivery.
Reviews and assess the impact on regulatory capital of various business unit trading strategies and transactions. Makes practical recommendations to optimize its use.
Participates in new product initiatives, serving as an educational resource as it relates to regulatory capital and any exposure consistent with new transaction types and product offerings.
Ensures the appropriate resolution of trade breaks and discrepancies, trade exception management and settlement fails.
Ensures the timely and accurate execution of clearing cycle through Depository Trust Clearing Corporation (DTCC).
Ensures the effective handling of defaults in a seamless making certain that the settlement process is affected without any delay.
Directs the due diligence of investment products and advisory platforms/services to craft profitable short and long-term business strategies across areas of responsibility.
Ensures and coordinates the proper design, development and implementation of advisory platforms and services.
Directs the management of profitability and risk management of investment products and advisory platforms and services.
Directs the relationships between LFN and investment and advisory product producers.
Ensures the development and maintenance of an effective organization for area(s) of responsibility, including: efficient work flow patterns; established performance standards; effective delineation of duties and responsibilities; suitable staffing levels; appropriate supervision; and systems for timely communication of pertinent information.
Monitors all call, broker/dealer processing centers, and related operations in a high volume environment to ensure proper service levels.
Ensures cost effective operations supported by continuous operational improvements.
Maintains knowledge of current trends in advisor experience approaches to ensure that new developments are incorporated in future strategies of the Company.
Additional Position Responsibilities
Carries out duties in compliance with all state and federal regulations and guidelines. Complies with all company and site policies and procedures.
Performs other duties as required.
Makes a positive contribution as demonstrated by: - Making suggestions for improvement - Learning new skills, procedures and processes
Remains current in profession and industry trends.
Other Skills and Abilities
Ability to perform under stress in cases of emergency, critical or hazardous situations.
Ability to work with others in a team environment.
Demonstrated ability to identify, develop and implement processes improvements.
Demonstrated ability to successfully hire, retain, develop and coach staff via a culture of real-time performance feedback, with ability to build both technical and leadership skills.
Demonstrated strong relationship management skills with internal clients (e.g. senior/executive management, peers and colleagues); proven ability to develop creative and collaborative approaches.
Demonstrates strong interpersonal skills with a collaborative style.
Demonstrates strong project management leadership skills including, critical ability to coordinate and balance multiple projects in a time-sensitive environment, under pressure, and meeting deadlines.
Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
Successfully completes regulatory and job training requirements.
4 Year/Bachelor's degree or equivalent work experience (4 years of experience in lieu of Bachelor's) - Minimum Required
Series License-7 -Upon Hire
Series License-24 -Upon Hire
12+ Years 12+ years experience in brokerage/financial services including significant field-facing experience and 5+ senior management experience in a large complex organization including influencing senior management and critical stakeholder responsibility. (Required )
What's it like to work here?
At Lincoln Financial Group, we love what we do. We make meaningful contributions each and every day to empower our customers to take charge of their lives. Working alongside dedicated and talented colleagues, we build fulfilling careers and stronger communities through a company that values our unique perspectives, insights and contributions and invests in programs that empower each of us to take charge of our own future.
What's in it for YOU:
Pay Range: $169,701 - $306,200
Actual base pay could vary based on non-discriminatory factors including but not limited to work experience, education, location, licensure requirements, proficiency and qualifications required for the role. The base pay is just one component of Lincoln's total rewards package for employees. In addition, the role may be eligible for the Annual Incentive Program, which is discretionary and based on the performance of the company, business unit and individual. Other rewards may include long-term incentives, sales incentives and Lincoln's standard benefits package.
About The Company
Lincoln Financial Group, a Fortune 200 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives with confidence. Our core business areas - Life Insurance, Annuities, Retirement Plan Services and Group Protection - focus on supporting, preserving and enhancing over 17 million customer's lifestyles and retirement outcomes.
Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $324 billion in end-of-period account values as of June 30, 2021.
Ranked one of the Best Large Employers in America and Best Employers for Women by Forbes magazine as well as one of Newsweek's Most Responsible Companies, Lincoln Financial Group makes a serious investment in our employees' futures through a broad range of wealth accumulation and protection plans, health and wellness programs, and career development resources designed to help each individual reach their personal and professional goals.
Lincoln is committed to creating a diverse and inclusive environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good. Dedicated to diversity and inclusion, we earned perfect 100 percent scores on the Corporate Equality Index and the Disability Equality Index. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com
Be Aware of Fraudulent Recruiting Activities
If you are interested in a career at Lincoln, we encourage you to review our current openings and apply on our website. Lincoln values the privacy and security of every applicant and urges all applicants to diligently protect their sensitive personal information from scams targeting job seekers. These scams can take many forms including fake employment applications, bogus interviews and falsified offer letters.
Lincoln will not ask applicants to provide their social security numbers, date of birth, bank account information or other sensitive information in job applications. Additionally, our recruiters do not communicate with applicants through free e-mail accounts (Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat rooms. We will never ask applicants to provide payment during the hiring process or extend an offer without conducting a phone, live video or in-person interview. Please contact Lincoln's fraud team at email@example.com if you encounter a recruiter or see a job opportunity that seems suspicious.
This position may be subject to Lincoln's Political Contribution Policy. An offer of employment may be contingent upon disclosing to Lincoln the details of certain political contributions. Lincoln may decline to extend an offer or terminate employment for this role if it determines political contributions made could have an adverse impact on Lincoln's current or future business interests, misrepresentations were made, or for failure to fully disclose applicable political contributions and or fundraising activities.
Any unsolicited resumes/candidate profiles submitted through our web site or to personal e-mail accounts of employees of Lincoln Financial Group are considered property of Lincoln Financial Group and are not subject to payment of agency fees.
Lincoln Financial Group ("LFG") is an Equal Opportunity employer and, as such, is committed in policy and practice to recruit, hire, compensate, train and promote, in all job classifications, without regard to race, color, religion, sex (including pregnancy), age, national origin, disability, sexual orientation, gender identity and expression, Veteran status, or genetic information. Applicants are evaluated on the basis of job qualifications. If you are a person with a disability that impedes your ability to express your interest for a position through our online application process, or require TTY/TDD assistance, contact us by calling 260-455-2558.
This Employer Participates in E-Verify. See the E-Verify notices.
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Alternate Locations: Philadelphia, PA (Pennsylvania); Radnor, PA
(Pennsylvania); US Northeast
Keywords: Lincoln Financial Services, Lincoln , VP, Lincoln Financial Securities, Accounting, Auditing , Lincoln, Nebraska
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