SVP, Head of Vendor Management

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader* in the markets we serve, supporting more than 22,000 financial advisors, 1,100 institution-based investment programs, and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor.

At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

Job Overview:

LPL Financial technology team is looking for a dynamic leader to lead the IT Vendor Management function ensuring optimized engagement model delivering seamless experiences and value across technology contracts.

We have an exciting opportunity to join our Technology organization as Head of IT Vendor Management responsible for onboarding, performance& relationship management, contract value, risk management, asset management and financial control covering resources (onshore, nearshore, offshore), software (on-prem, PaaS, SaaS) and hardware contracts. As a strategic leader you will be responsible for establishing the vision maturing the function that ensures effective process and support for managing compliance, risk management/mitigation, cost optimization, financial insights and deeper vendor partnership maximizing value.

Responsibilities:

• Establish the vision and roadmap for the IT Vendor management function maximizing the value of LPL’s vendors while reducing the costs across Software, Hardware and Resource vendors
• Collaborates and partners with Sourcing, Third Party Risk, Legal, Architecture and IT delivery leadership to conduct contract due diligence, establish clear metrics of success and help evaluate performance on a regular basis. Ensures vendor product consolidation, decommission, manage risk proactively.
• Ensures the team establishes deeper partnerships with critical Vendors and facilities quarterly business reviews maximizing the value, reviewing performance while identifying potentially problematic trends and aligning Vendors to LPL’s strategic vision
• Manages holistic relationships with critical Vendors, understands the impact of Vendors who provide multiple products / services across multiple business units and demonstrates the ability to cohesively drive LPL’s priorities with the Vendor’s roadmap and strategic future partnerships
• Responsible to ensure appropriate processes/controls to maintain and monitor asset utilization and ensure compliance with the contract
• Experience on cloud usage accounting and controls to manage the assets required. Also ensure invoices are cleared timely
• Establish strong financial control driving transparency and accountability. Assist in providing accurate growth projections to assist Sourcing team in negotiating financial predictability
• Understand and represent the different types of risk associated with each Vendor (operational, revenue impact, reputational, security, coexistence with systems, etc.)
• Coach, mentor and lead a high performing team with direct and indirect responsibility to deliver on the objectives
  
  
  

What are we looking for?

A strong data driven process-oriented leader who drives operational excellence through standardized frameworks and automation. A trusted partner and relationship builder who engages in tough yet effective conversations driving organizational value though deeper partnerships both on internal and external engagements. leader who has demonstrated experience establishing the vision, KPIs, reporting, executing under pressure to deliver results improving the engagement model and delivering exceptional financial outcomes.

Requirements:

• Minimum of 15 years of experience in Vendor Management roles supporting Resources, Outsourcing, Software and Hardware functions within large institutions
• Minimum 7+ years as Vendor Management Leader developing, cultivating, and leading strong, high-performing teams driving maturity of the function.
• Strong financial modeling and accounting experience.
• Strong process leader who is detail oriented with demonstrated expertise on contract agreements and risk management.
• Ability to create a strategy/plan based on the data to drive results.
  
  
  

Core Competencies:

• Flexibility and organizational change management experience.
• The ability to work in a cross-functional team and drive outcomes without having direct authority.
• Actively anticipates, identifies, and manages risks within position scope and at the company.
• Expert consensus-builder who drives change across initiatives within and outside direct accountability and evaluates solutions to the most complex business challenges
• Strong operational experience on large complex environments.
• Strategic leader who anticipates the future, inspires the team to deliver exceptional results within established timelines/budget.
• Data driven leader who establishes OKRs, KPIs and transparent reporting to demonstrate progress.
  
  
  

Pay Range:

$167,500.00 - $279,100.00

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!

Why LPL?

At LPL, we believe that objective financial guidance is a fundamental need for everyone. As the nation’s leading independent broker-dealer, we offer an integrated platform of proprietary technology, brokerage, and investment advisor services. We provide you with a work environment that encourages your creativity and growth, a leadership team that is supportive and responsive, and the opportunity to create a career that has no limits, only amazing potential.

We are one team on one mission. We take care of our advisors, so they can take care of their clients.

Because our company is not too big and not too small, you can seize the opportunity to make a real impact. We are committed to supporting workplace equality, and we embrace the different perspectives and backgrounds of our employees. We also care for our communities, and we encourage our employees to do the same. This creates an environment in which you can do your best work.

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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.