Mutual Fund Trader - Series 7 & 63

Job Overview

The Mutual Fund Trader will provide a high level of subject matter expertise with Mutual Fund, UIT, and Precious Metals products and operational functions. The primary focus of the trader is to deliver an extraordinary service experience and provide operational trading support to our financial advisors, staff, and their clients in an inbound call center environment. This role will also provide backup support to other internal support desks, including Equity Trading, Enhanced Trading, and Trading Operations.

The role requires individuals seeking a collaborative, fast-paced environment, are client-focused, and are able to execute in a way that encourages creativity and continuous improvement. Being flexible and adaptable to competing priorities will be key success factors for this position.

• Supporting Advisors, clients, and internal business partners with trading inquiries which may include order placement, research, corrections, and systems troubleshooting involving trading products.
• Assisting internal employees through knowledge sharing, escalation support, and ensuring problem resolutions are reached.
• Participation in weekly team huddles and bi-monthly staff meetings to build mutual trust, respect, and cooperation among team members.
• Building and leveraging relationships with internal LPL departments, 3rd party vendors, transfer agents, and sponsors to assist with escalations, improve processing pain points, mitigate risk to the firm, and safeguard against trading compliance violations. Acting as liaison for Financial Advisors who may raise inquiries regarding mutual fund/UIT prospectus or assistance with navigating LPL’s trading platform and resources.
• Identify risk, analyze procedures, and work with managers to resolve procedural gaps. When applicable, determine if a Technology incident should be raised for further investigation.
• Taking consultative approaches to identify opportunities that increase operational efficiency and improve the Advisor/client experience. Coordinating with internal teams, mutual fund sponsors, and transfer agents for trade related issues/pain points and action said provisions to improve processes.
• Work to ensure a positive outcome for Advisors/clients while also minimizing the possibility of a reoccurring negative experience.
• Work through complex situations to understand the root cause of problems and determine economical solutions.

• 3+ years of financial services, preferably in Trading
• Series 7 and 63 required
• Registration in all US States & Territories is required upon hire

• Proficiency in standard computer knowledge (including software skills) and must be able to follow audible troubleshooting instructions if/when necessary
• Strong MS Office skills required.
• Attention to detail
• Ability to work with other departments
• Strong analytical and communication skills
• Ability to work independently and within a group setting
• Ability to handle fast paced and deadline driven environment

• Knowledge of Mutual Fund, UIT and Precious Metals markets
• Knowledge of trading regulations and requirements
• General knowledge of Equities and Bond markets
• Beta, Morningstar, Siebel, Client Works experience preferred
• Series 24 preferred, but not required
• VBA macros knowledge

$28.85-$48.08/hour. 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.

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. LPL supports over 29,000 financial advisors and the wealth-management practices of 1,100 financial institution, servicing and custodying approximately $1.9 trillion in…