Operational Due Diligence Sr. Analyst - Alternative Investments

Where Ambition Meets Innovation

Build a career that matches all your initiative with an impressive dose of innovation. From cutting-edge resources and a collaborative environment to the freedom to make an impact and more, you’ll find the ingredients you need at LPL Financial to shape your success while helping clients pursue their financial goals.

Job Overview

Alternative Investments at LPL is a rapidly growing, fast-paced team at the forefront of the firm’s initiatives. The tight-knit team manages the firm’s platform, including product, marketing and distribution, education and training, and product onboarding. We are an innovative group working to deliver a world-class platform for LPL’s advisors and their clients.

As part of the alternative investments team within Wealth Management (WM), the primary responsibility of this role will be to support the implementation of the firm’s strategy for alternative investments. The role will involve collaboration with multiple internal groups and require strong analytical, organizational, and problem-solving skills, as well as the ability to work within tight deadlines. The Senior Analyst will contribute to the WM group’s goal of delivering a world-class alternative investments platform. This role also maintains strong relationships with LPL’s investment manager partner firms to collaboratively deliver the necessary tools, resources, and communications that help LPL Financial advisors remain competitive.

Responsibilities:

• Conduct operational due diligence reviews on alternative investment sponsors and products across private equity, private credit, real estate, venture capital, hedge funds, and other private market strategies.

• Assess key operational risk areas including governance, compliance programs, internal controls, valuation practices, service provider oversight, and cash controls.

• Review organizational structures, financial stability, background checks, and operational infrastructure of sponsors and subadvisors.

• Analyze fund structures, offering terms, and documentation to evaluate operational soundness and alignment with investor protections.

• Prepare well‑supported ODD reports and present findings to internal committees and senior leaders.

• Engage directly with sponsor leadership—including COOs, CFOs, CCOs, and other executives—to discuss operational practices, challenge assumptions, and address identified risks.

• Partner with internal stakeholders (IDD, Legal, Compliance, Trading, Supervision) to support product approval, risk assessments, and ongoing monitoring.

• Maintain ongoing monitoring of higher‑risk sponsors, tracking operational changes, remediation plans, and emerging risk indicators.

• Stay current on industry best practices, regulatory developments, and evolving operational risk frameworks in the alternatives space.

What are we looking for?

We seek analytical, detail‑oriented professionals who demonstrate strong judgment and confidence when engaging with senior executives. Ideal candidates communicate clearly, think critically, and thrive in a collaborative, fast‑paced environment. We value those who embrace continuous improvement and contribute to a culture where we win together.

Requirements:

• 4–7 years of experience in investment management, due diligence, risk, audit, or a related field, including at least 2–3 years supporting alternative investment products.

• Understanding of alternative investment structures, sponsors, fund vehicles, and key operational risk factors.

• Experience conducting due diligence, operational assessments, or similar analytical work.

Core Competencies:

• Excellent communication skills, including the ability to professionally interact with executive‑level stakeholders and present complex findings with clarity and confidence.

• Strong writing, analytical, and problem‑solving skills.

• Organizational strength and the ability to manage multiple reviews and deadlines.

• Demonstrated high performance with the ability to independently drive reviews to completion.

• Strong attention to detail and the ability to identify and articulate key risks.

• Confident and poised when conducting due diligence discussions with senior executives (e.g., COO, CFO, CCO, General Counsel).

• Clear, concise communication skills with the ability to distill complex operational issues into actionable recommendations.

• Sound judgment, intellectual curiosity, and a willingness to challenge incomplete explanations.

• Ability to reprioritize and adapt in a changing environment.

• Unimpeachable ethical standards and relationship‑building skills.

Preferences:

• CFA, CAIA, FRM, or progress toward a relevant professional designation.

• Experience in operational due diligence, internal audit, compliance, consulting, or risk oversight.

• Background working in demanding environments with highly driven professionals.

Pay Range:

Company Overview:

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(6) , LPL supports over 32,000 financial advisors and the wealth management practices of approximately 1,100 financial institutions, servicing and custodying approximately $2.3 trillion in brokerage and advisory assets on behalf of approximately 8 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

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.

For further information about LPL, please visit www.lpl.com.

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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