Where Ambition Meets Innovation

Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

Job Overview:

LPL Financial is currently looking for an Analyst for Fraud Risk within the Fraud Risk and AML Compliance business unit.  The Analyst will report to the Fraud Manager, and will be responsible for screening, identifying, and reporting various types of fraud to protect our clients and advisors, and comply with regulations and guidance from the OCC, SEC, FINRA, FinCEN, OFAC and other governing bodies. 

The Analyst will work primarily at an individual level but will partner closely with their team and members of the financial intelligence unit (FIU); governance risk and compliance (GRC), service, trading, operations groups, risk personnel as well as key business partners to gather, review and analyze data to assess reasonable cause, and escalate and manage an inquiry related to fraud. Collection of data including full documentation, supporting artifacts and internal and external due diligence checks and case details are to be organized and archived.  
 
Responsibilities:

• Field and manage communications from financial advisors, service teams, and/or operational areas related to fraud and fraud prevention with the utmost emphasis on safety and security of information
• Create and maintain accurate case files for fraud investigations
• Work with internal and external partners to stop or reclaim fraudulent transactions
• Log, direct, and track reimbursements, reclaim, and recall amounts on fraud cases and report out monthly on case status and overall trends
• Ensuring that all activities and duties are carried out in full compliance with regulatory requirements, Risk Management Framework and internal LPL Financial Policies and Policy Standards
• Develop, implement, monitor and provide performance tracking of transactional and account level management of fraud events, strategies and mitigation tools, including monetary and non-monetary events
• Execute an ongoing analysis of risks, vulnerabilities and market trends as it pertains to fraud, analyze large data sets and find anomalies and commonalities
• Collaborating with other teams to deliver requirements for implementation of new fraud strategies
• Monitoring existing fraud models/strategies and ensuring that they meet false-positive and detection rate criteria; explains variances and recommends remedial actions; mine customer, account and transactional data to develop segmentation to improve fraud detection and minimize impact to legitimate transactions
• Maintain and follow existing operational policies and procedures as well as the creation of new guidelines to more accurately identify and document fraud. Identify gaps or risks in policies along with the technical skills to create reporting.
• Collaborate within the team to implement initiatives and projects sponsored and approved by management. Provide internal training on the Firm’s fraud prevention and awareness programs, policies and procedures

Requirements:

• Bachelor’s Degree in Business, Economics, Accounting/Finance and/or equivalent experience preferred
• Professional licenses/certifications (e.g. CFE or CAMS,); a plus
• 1 – 3 years of industry experience (preferably in Fraud Investigations)
• Experience with Equifax, LexisNexis, TransUnion or other information security providers a plus

Preferences & Core Competencies:

• High level of analytical skills and problem-solving
• Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines
• Working knowledge of regulatory requirements (preferably AML / Fraud)
• Written and verbal communication skills with the ability to present information in differing degrees of details and form depending on the audience
• Strong judgment and experience with escalation of matters and recommended solutions
• Able to adapt to changing priorities with attention to detail and quality assurance.

Pay Range:

Company Overview:

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(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 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. For further information about LPL, please visit www.lpl.com.

At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services, and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

For further information about LPL, please visit www.lpl.com.

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.

EAC 5.19.26