VP Data Product Management

Are you a team player? Are you curious to learn? Are you interested in working in meaningful projects? Do you want to work with cutting-edge technology? Are you interested in being part of an innovative team that builds products which are transforming the organization? If so, LPL Financial is the place for you!

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.

Excited to learn more? If so, then this could be the role for you! 

Job Overview:

As VP, Data Product Manager you will have the opportunity to shape LPL’s strategic data foundation for the future. Specifically, this function will focus on the capability of the Transactions Book & Records (TBAR) that stores and maintains the comprehensive set of all positions, balances, and transactions data. In this role, you will connect Business product owners with Technology delivery teams using data to power experiences for our Advisors and Investors. You will be accountable for multiple domains of data that power products including Advisor and Investor platforms, performance reporting, supervision, account lifecycle management, billing, compensation, trading, money movement, proposal generation, CRM, BI reporting and data distribution, etc.

Responsibilities:

• Drive the strategic direction and roadmap for the TBAR and related data products by working across business and product teams who consume the data.
• Document calculations, transformations, and requirements for account & portfolio level calculations and values.
• Monitor and reconcile data daily to ensure consistency and accuracy.
• Develop executive level presentations and business cases to articulate strategic value of TBAR aligned with business objectives.
• Develop and execute the data strategy and roadmap for multiple domains of data considered LPL sources of record (SORs) for consumers.
• Ensure SORs are highly governed, adhere to enterprise architecture and data ingestion and distribution patterns, align to the enterprise data model, and that data is of high quality and consistency. 
• Partner with data product owner peers to develop a comprehensive data strategy across SORs. Collaborate with peers to integrate cross-domain and cross-SOR business requirements.
• Work with data domain teams to build, govern and maintain new data products that source consuming applications in a domain-oriented, mesh architecture.
• Create, manage, and report on a backlog of prioritized work for your respective SORs. Own your data domain roadmap and report to senior leaders and project teams on the consumption readiness of data in SORs.
• Develop a deep understanding of both data domains and the business products consuming that data.
• Work with business product owners to develop a deep understanding of consuming product, application, reporting, advisor, and investor experiences that the data powers. Use that business knowledge to translate business requirements into optimized data solutions.
• Turn business outcomes and capability requirements into data specifications for data engineers and modelers. Document in Jira and Confluence.
• Provide both high-level and detailed scoping estimates with Technology partners for architecture and solution design, data flow and lineage, attribute-level data mapping, and data distribution mechanisms.
• Develop and socialize detailed SOR roadmaps that include views of transitions from legacy data sources to strategic sources, data gap analyses, end-to-end data flows and lineage diagrams, data governance scorecards that include KPIs for data quality (completeness, consistency, conformity, accuracy, integrity, and timeliness).
• Participate in and advise on data governance tooling and vendor selection. Provide data governance requirements for vendor and tool selection efforts.
• Drive ownership with SOR and technology teams to ensure they are responsible and accountable for the implementation of data policies, standards, and control frameworks provided by the Enterprise Risk, Privacy and Legal teams.
• Work with data product analysts to identify data issues and risks and develop remediation plans with Service and Operations teams. Implement actions to address root causes and prevent future occurrences.
• Regularly interview business, product, service, and operations stakeholders to gather feedback on data quality and consistency issues. Develop associated quality scorecards by business domain and status on improvements over time via a net promoter score or similar KPIs.
• Partner with business teams to create, prioritize, manage, and communicate the data product backlog. Facilitate tradeoff discussions between business and technology teams to determine delivery timing and outcomes. Prioritize needs across scope, budget, and time.

What are we looking for?

We want strong collaborators who can deliver a world-class client experience. We are looking for people who thrive in a fast-paced environment, are client-focused, team oriented, and can execute in a way that encourages creativity and continuous improvement.

Requirements:

• 10+ years’ experience with leading the design, development, implementation, and adoption of investment management data products within wealth management or asset management industries.
• Experience with compliance, post trade processing, investment book of record and performance and attribution.
• Demonstrated experience in data and technology supporting portfolio accounting systems for financial institutions.
• 10+ years’ experience with data warehousing, data governance and management, data integrations, and API enablement.
• Strong understanding of Snowflake, AWS, and/or other cloud-based data platforms, and their capabilities
• 10+ years’ experience in data warehouse design, data management, data governance, business intelligence and analytics, or similar.
• Proven experience in individual contributor-level data management roles like data analyst, data modeler, data pipeline engineer, BI analyst, or developer.
• Solid knowledge base of data governance including data quality rules coding and implementation, data catalogs, quality scorecard development, data lineage, mastering data, and reference data management.
• 10+ years’ experience with business intelligence tools and report development in tools like Tableau, Microsoft PowerBI, Domo, Qlik, Sisense, etc.
• Proven ability to influence strategy and decisions across the organization verbally and via business case development.

Core Competencies:

• Hands-on data analysis, source-to-target mapping, data lineage tracing, remediation, etc.
• Experience coding or reading and understanding data transformations in pipelines
• Experience designing and implementing a variety of data architecture patterns
• Experience using and developing in a variety of RDBMS like AWS, Databricks, Snowflake, Redshift, etc.
• Experience using (data steward) or implementing (technology) data governance tools like Collibra, AWS Datazone, Alation, atlan, data.world, etc.

Preferences:

• Wealth management and wealth advisory services industry experience
• Prior people leadership experience
• Prior experience in a data product management role
• Agile and lean delivery methods
• Solid understanding of relational, star, snowflake data modeling

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.

Want to hear from our employees on what it’s like to work at LPL? Watch this!

We take social responsibility seriously. Learn more here!

Want to see info on our benefits? Learn more here.

Pay Range:

$132,000.00 - $220,000.00

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.

Want to hear from our employees on what it’s like to work at LPL? Watch this!

We take social responsibility seriously. Learn more here

Want to see info on our benefits? 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 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.