Description:

What if you could build a career where ambition meets innovation? At LPL Financial, we empower professionals to shape their success while helping clients pursue their goals with confidence. What if you could manage your own case portfolio from end-to-end in a collaborative environment with the freedom to make an impact? If you're ready to take the next step, discover what's possible with LPL Financial.

Job Overview:
The Assistant Vice President, Associate General Counsel provides legal support and strategic advice to the organization on matters related to collections, recovery, and litigation and arbitration. This role enforces contractual rights and recoups outstanding balances, often in the FINRA arbitration forum, while managing litigation risk and supporting business objectives.

Responsibilities:
Legal Counsel & Risk Management

Advise business units on legal issues related to collections, recovery strategies, litigation, and arbitration.
Interpret and apply laws and regulations impacting the collection of outstanding receivables and loans, including statutes of limitation, probate, and bankruptcy issues that may arise.
Identify and address potential counterclaims, cross claims, and/or third-party claims and reputational impact of litigation and arbitration.
Assess litigation risk and develop strategies to mitigate exposure.

Litigation Oversight

Manage and oversee affirmative litigation involving the recovery of accounts receivable and loan balances.
Manage and oversee defensive litigation involving counterclaims, cross claims, and/or third-party claims for, among other things, wrongful termination, defamation, breach of contract, and tortious interference.
Negotiate and finalize pre-arbitration settlements.
Identify and pursue opportunities for mediation.
Represent LPL in FINRA arbitration and/or litigation end-to-end where appropriate.
Where necessary, retain and direct outside counsel, review pleadings, briefs, and discovery responses.
Develop litigation strategies aligned with business goals and regulatory requirements.
Confirm and enforce FINRA arbitration awards in state or federal court.

Collections Compliance

Ensure collection practices comply with applicable laws and internal policies.
Advise on statutes of limitation, tolling, probate, and bankrtupcy issues that may arise. Support operational teams in resolving complex collection disputes and threats of litigation.

Contract & Document Review

Draft and review demand letters, settlement agreements, litigation-related correspondence, and other legal documents.
Negotiate resolutions to disputes and claims.
Coordinate revision of contracts and loan documents, as needed, to support collectability in the event of default.

Regulatory & Policy Guidance

Monitor changes in laws and regulations affecting collections and litigation.
Provide training and guidance to internal stakeholders on compliance and risk management.

What Are We Looking For?
We're looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work.

Requirements:

Juris Doctor (JD) from an ABA-accredited law school
Minimum 5–8 years of legal experience, preferably in financial services or banking.
Strong background in litigation and negotiation, arbitration and collections experience a plus.
Experience managing outside counsel and litigation budgets.
Strong case management and decision-making skills.

Core Competencies:

Clear, effective and efficient communication abilities, including in-person and video presentations, and excellent writing skills, with a demonstrated ability to work well and collaborate with other people.
Advise our internal business partners about risk areas and provide legal guidance regarding firm policies and procedures.
Excellent analytical, negotiation, and organizational skills.
Ability to manage multiple complex matters simultaneously.
Strong critical thinking and decision-making skills.
Confidence in first-chairing a case end-to-end with the ability to delegate to outside counsel on more complex matters.
Strong knowledge of litigation and arbitration procedures and regulatory frameworks.
Promptly summarize and report on matters for management review and consideration.
Handle internal and external client and outside counsel contacts in a timely, professional, courteous, and confidential manner.
Adapt quickly to dynamic environments and independently manage multiple litigation and arbitration caseload assignments and deadlines, plus other assignments, cases and projects within the team.
Proficient computer knowledge in Microsoft Office suite applications, including Word, Excel, PowerPoint, as well as other litigation-related data systems.
Familiarity with FINRA arbitration, award, confirmation, and enforcement process.
General understanding of debtors' exams, probate law, and bankruptcy stay proceedings and proofs of claim.
Experience with compliance programs.
General understanding of securities industry and litigation.
Prior in-house counsel experience in a financial institution.

Pay Range:
$132,793-$221,321/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!

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 LPL Financial: Where Your Potential Meets Opportunity

At LPL Financial, we believe that everyone deserves objective financial guidance. As the nation's leading independent broker-dealer, we offer an integrated platform of cutting-edge technology, brokerage, and investment advisor services.

Why LPL?
Innovative Environment: We foster creativity and growth, providing a supportive and responsive leadership team. Learn more about our leadership team here!

Limitless Career Potential: Your career at LPL has no limits, only amazing potential. Learn more about our careers here!

Unified Mission: We are one team on one mission—taking care of our advisors so they can take care of their clients. Learn more about our mission and values here!

Impactful Work: Our size is just right for you to make a real impact. Learn more here!

Commitment to Equality: We support workplace equality and embrace diverse perspectives and backgrounds. Learn more here!

Community Focus: We care for our communities and encourage our employees to do the same. Learn more here!

Benefits and Total Rewards: Our Total Rewards package goes beyond just compensation and insurance. It includes a mix of traditional and unique benefits, perks, and resources designed to enhance your life both at work and at home. 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 addre