AVP, Third Party Risk Management: Nth Party & Real Time Management

Lead with purpose and unlock your team’s passion at LPL, where people leaders shape culture, drive performance, and guide individuals to new heights. When employees thrive, clients, LPL, and the team all win. If you're ready to lead with intention, LPL Financial invites you to explore this opportunity.

About the Role

The Assistant Vice President (AVP) of Third-Party Risk Management is responsible for the strategic development, implementation, and oversight of enterprise standards, processes, and frameworks designed to manage risks across the organization’s third-party ecosystem. This role ensures comprehensive oversight of supply chain risks arising from subcontractor relationships and geopolitical exposures associated with offshore service providers. Key focus areas include:

• Developing scalable solutions to identify, document, and maintain visibility into key subcontractor relationships across third parties used by the firm.
• Implementing real-time monitoring capabilities to proactively identify, assess, and escalate risks introduced by outsourced providers and extended supply chains for timely mitigation and resolution.
• Driving stakeholder awareness to ensure emerging and evolving third-party risks are clearly communicated and understood across internal business and risk functions.
• Leading risk exercises to strengthen organizational readiness to address emerging threats introduced through outsourced providers and extended supply chains.

This role plays a critical leadership function in safeguarding the organization against operational and regulatory risks embedded within third-party relationships while enabling scalable and resilient supplier management practices.

Responsibilities

• Operationalize and sustain scalable Nth-party risk capabilities by designing and maintaining solutions that inventory, monitor, assess, and escalate risks associated with offshore activities and subcontractor networks where LPL lacks direct contractual relationships.
• Establish and enforce standards, methodologies, and processes to ensure continuous evaluation of subcontractors and jurisdictional risks in countries where services are performed on behalf of LPL.
• Oversee supplier risk intelligence and monitoring programs by managing inventories and leveraging real-time risk monitoring platforms (e.g., Black Kite, Dun & Bradstreet, Moody’s, OneTrust) to proactively identify and respond to emerging threats.
• Ensure adherence to enterprise policies and governance requirements, providing leadership with timely and transparent reporting on key initiatives, risks, issues, and their potential business impacts.
• Promote a strong risk culture and collaborative environment, fostering open communication to support effective risk identification, assessment, and remediation across the organization.
• Support TPRM governance and regulatory engagement, participating in formal governance forums and partnering with leadership to address internal audits and regulatory examinations.
• Lead and mentor TPRM professionals, providing direction and oversight to teams responsible for executing due diligence, collecting standardized risk artifacts, and conducting targeted risk assessments in response to emerging threats.

Requirements

• Bachelor’s degree in Business, Finance, Risk Management, or a related field.
• 7+ years of experience in third-party risk management, vendor management, or enterprise risk within a regulated industry.
• 5+ years of experience leading teams with direct people management responsibilities.
• Experience working with risk monitoring tools or platforms (e.g., Black Kite, Moody’s, Dun & Bradstreet, OneTrust).
• Knowledge of third-party risk frameworks, regulatory requirements, and control environments.

Qualifications

• Extensive knowledge of third-party risk management and the third-party life-cycle, especially within financial services or other highly regulated industries.
• Exceptional relationship management capabilities to deepen trusting, meaningful relationships in a diverse and fluid environment to drive effective outcomes, enforce policies, ensure compliance, and drive necessary actions.
• Understanding of third-party and supply chain risk frameworks, information security practices, risk controls, and compliance requirements.
• Excellent written and verbal communication skills, capable of clearly and concisely conveying complex and technical concepts to diverse audiences.
• Leadership of cross-functional teams, either through direct supervision or as a key influencer.
• Excellent critical thinking and problem-solving skills, with the ability to analyze data or information to proactively provide effective solutions in ambiguous and complex environments.
• Confidence in navigating incomplete information and managing ambiguity in a demanding environment.
• Planning and organizational skills with meticulous attention to detail to consistently meet deadlines in fast-paced and ever-changing contexts.
• Ability to work collaboratively within a team, take initiative, and deliver concise and relevant analysis to proactively resolve risks and improve processes.
• Highly adaptable, achievement-oriented, and skilled at multitasking, prioritizing, and managing workloads to meet challenging deadlines with minimal supervision.
• Demonstrates impeccable integrity, ethical standards, and a strong commitment to excellence, maintaining composure under pressure and fostering a positive demeanor.

Education and Experience

• Bachelor’s degree required; advanced degree desirable.
• Minimum of 7+ years in Risk Management, Third-Party, or Vendor Management, preferably in financial services or other highly regulated industries.
• 5+ years of direct management experience leading teams in complex organizations.
• Relevant professional certifications such as CISA, CISSP, CTPRP, CTPRA, CVMP, and/or CRVPM highly preferred.

Pay

Pay Range: $104,957.00 - $174,997.00. Actual base salary varies based on factors including relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location.

Benefits

LPL offers a highly competitive Total Rewards package designed to support your success at work, at home, and at play. Benefits include 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more.

About LPL Financial

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 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions. The firm services and custodies approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. LPL provides a wide range of advisor affiliation models, investment solutions, fintech tools, and practice management services, ensuring advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses.

At LPL, independence means advisors and institution leaders have the freedom 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 manage their client relationships, knowing their clients best. LPL takes care of its advisors and institutions so they can focus on taking care of their clients.