Risk Management Specialist

LPL Financial is a leading independent broker-dealer, and they are seeking a Risk Management Specialist to manage and execute the Fiduciary Risk Management and Self-Assurance Program. The role includes overseeing the illiquid asset program and supporting risk reporting and operational governance across all business channels.

Responsibilities:

• Provide day-to-day management of the illiquid asset risk program, including:
• Maintaining and updating dashboards and reporting for all illiquid assets to the Trust Investment Committee
• Managing program documentation including policies, procedures, checklists, and correspondence
• Working with Trust Officers, Investment Advisors, prior trustees, and/or beneficiaries to ensure proper asset ownership records and KYC documentation
• Ensuring appropriate insurance coverage, tax payments, and other asset‑related responsibilities are tracked and completed
• Developing and maintaining processes for disbursements related to illiquid assets
• Monitoring assets with stale pricing or no stated value and coordinating follow‑up
• Performing additional illiquid asset oversight duties as needed
• Managing the continuous improvement and execution of the Fiduciary Risk Management and Self‑Assurance Program
• Conducting reviews and testing related to account administration, investment processes, and operational practices
• Leading discussions at management committees regarding emerging risks identified through testing and monitoring
• Recommending process enhancements to reduce the organization’s overall risk profile
• Reporting test results, insights, and recommendations through the committee and governance structure
• Creating, reviewing, and updating risk assessments, policies, procedures, and internal training materials
• Supporting oversight of custodial retirement accounts, including management of meeting calendars and program effectiveness reporting
• Assisting with internal and external reviews or examinations as needed
• Managing and monitoring the governance calendar for financial, fiduciary, and I/T‑related milestones
• Organizing internal training to ensure key risk topics and requirements are communicated and understood
• Coordinating and participating in Administrative Governance Committee meetings and presenting relevant risk and assurance updates
• Evaluating impacts of new or proposed regulatory standards to identify risk implications and recommend mitigation strategies
• Supporting administration and operations teams as needed, including assisting with tax return processing and other reporting
• Participating in special projects, risk reviews, and reporting initiatives as required