AVP, Market Data Sourcing

LPL Financial's Strategic Sourcing & Procurement team is looking for a dynamic innovator to lead a category responsible for sourcing for all vendors and projects within the Market Data category.

Are you a trusted partner and relationship builder who engages in tough, yet effective, conversations to drive organizational value though deeper partnerships both on internal and external engagements? Do you have demonstrated experience in establishing a contractual & commercial vision, reporting, executing under pressure to deliver results, improving the engagement model and delivering exceptional financial outcomes?

If yes, then this could be the role for you!

We have an exciting opportunity to join our Strategic Sourcing & Procurement organization as a AVP, Market Data Sourcing who will be responsible for maintaining and transforming LPL's Market Data strategy. You will be responsible for maturing the Sourcing function to develop and maintain effective processes to maximize vendor value, deliver cost optimization aligned with LPL's strategy and minimize risk in LPL's third party portfolio. A fundamental component of the role is change management and the ability to lead the maturity of LPL's sourcing strategy with its Market Data Vendors.

Responsibilities:

• Negotiates all contracts with key Market Data Vendors in such a way to drive value across Business, Product and Technology roadmaps. Contracts include, but are not limited to: MSAs, SaaS Agreements, EULAs, SOWs

• Collaborate and drive partner collaboration with various business stakeholders, Third Party Risk, FP&A and Legal to conduct contract analysis, establish clear metrics of success and reduce third party risk.
• Effectively partners to further establish LPL's market data evolving strategy and align third party contracts, vendor consolidation and contract renegotiations with this strategy
• Develops and implements category and sourcing strategies for the Market Data category by collaborating with your partners and incorporating a thoughtful understanding of the technical requirements, the departmental strategies of your partners and market trends
• Effectively lead the RFx process through to completion; including requirements gathering, identifying potential respondents, identifying the criteria, scorecards and weighting, negotiation and contracting
• Ensures your team establishes deep partnerships with their strategic partners, reviewing financial trends and aligning Vendors to LPL's strategic vision.
• Influences and maintain strong internal relationships from the Executive level through to day-to-day operational functions.
• Align LPL in growth projections required for future success.

What does your success look like in the first 90 days?

Learn the LPL Market Data Vendor landscape, meet with key executives across various Business, Product and Technology units to understand impact, importance and dependencies for LPL. Partner with the Business, Sourcing and Third Party Risk to gain an understanding of ongoing operational dependencies. Gain an understanding of the company's goals and establish the draft strategy aligning LPL's most strategic Vendors.

What are we looking for?

We want an experienced Sourcing leader who can collaborate effectively across the departments with proven track record leading and transforming the Market Data Sourcing function. We are looking for people who thrive in a fast-paced environment, are client-focused, team-oriented, and are able to execute in a way that encourages creativity and continuous improvement.

Requirements:

• 7-10 years of experience in Sourcing, specifically Market Data Sourcing within large dynamic institutions
• 5+ years as a leader developing, cultivating, and leading strong cross functional relationships driving maturity of the function
• Expertise in Market Data sourcing strategy development and execution
• Strong process leader who is detail oriented with demonstrated expertise on contract agreements and risk management
• Demonstrated experience in developing and cultivating a productive working rapport with Senior Executives
• Ability to drive data driven discussions and create a strategy/plan based on the data to drive results
• Expert communication skills, both written and oral, with ability to create/present executive presentations and serve as one of the recognized subject matter experts on the team
• 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 the company
• Expert consensus-builder who drives change across initiatives within and outside direct accountability and evaluates solutions to complex business challenges
• Negotiation experience with Financial Services / Wealth Management vendors

Core Competencies:

• Strong Market Data expertise
• Natural ability to build & foster strong relationships
• Collaboration skills with the ability to engage and influence others in all levels of the organization
• Proven experience in managing multiple projects, with an ability to prioritize individual and team
• workload based on business needs and deadlines
• Negotiation skills with demonstrable experience in negotiating win-win outcomes that meet the interests of all parties
• Ability, with proven experience, to work in a dynamic fast paced organization, with a focus on continuous improvement, customer service and teamwork
• Creative problem solving skills and experience in facilitation of effective discussions around change management and varied ideas, opinions, insights and expertise
• Unimpeachable ethical standards and a strong work ethic
• Grace under pressure and a sense of humor!

Pay Range:
$100,125-$166,875/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) was founded on the principle that the firm should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional.

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.

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 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.

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