VP, Product Manager - Market Data

$132,000 - $220,000/Yr

LPL Financial - Fort Mill, SC

Full-time - Senior

Fort Mill, SC

10,001+ employees

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Vice President, IIS - Market Data at LPL Financial is a pivotal role responsible for the strategy and management of the enterprise Market Data Platforms. This position is crucial as LPL continues to enhance its solutions, focusing on streamlining offerings while ensuring reliability, scalability, and efficiency. The VP will work closely with a diverse group of cross-functional teams in a process-driven manner, aiming for creative and continuous improvements that excite the advisor base, lead the market, and attract additional business. In this role, the VP will create and maintain a vision, roadmap, and product backlog for the Market Data platforms, ensuring the delivery of the highest quality Market Data experience to advisors. The position requires a strong understanding of data governance and process controls related to Market Data, as well as knowledge of exchange agreements and vendor relationship management. The VP will identify, define, and prioritize impactful market and growth opportunities for LPL's solutions, leveraging internal partners to launch new offerings while engaging with external partners. Additionally, the VP will be responsible for documenting and managing functional requirements, stories, and projects in an Agile Scrum environment. They will lead the planning of product release plans, set expectations for the delivery of new functionalities, and actively mitigate impediments impacting successful team completion of Release/Sprint Goals. The role also involves providing thought leadership on market data-related subjects, including regulatory matters and industry trends, while ensuring alignment on direction, priority, and strategic benefits across teams and stakeholders. The ideal candidate will be a strong collaborator who thrives in a fast-paced environment, is client-focused, team-oriented, and capable of executing in a way that encourages creativity and continuous improvement.

Responsibilities

• Create strategy and maintain a vision, roadmap, growth opportunities, and product backlog for Market Data platforms.
• Ensure delivery of the highest quality Market Data experience to advisors.
• Manage data governance and process controls related to Market Data.
• Negotiate contracts with key Technology Vendors to drive value across Business, Product, and Technology roadmaps.
• Identify, define, and prioritize impactful market and growth opportunities for LPL's solutions.
• Leverage internal partners to launch new solutions while engaging with external partners.
• Create, implement, and maintain distribution of Market Data strategy.
• Build relationships and strong partnerships across the organization, including Marketing, Sales, Transition Partners, Finance, and Compliance.
• Document and manage functional requirements, stories, and projects in Agile Scrum.
• Lead planning of product release plans and set expectations for delivery of new functionalities with PI roadmaps.
• Mitigate impediments impacting successful team completion of Release/Sprint Goals.
• Assess value, develop cases, and prioritize stories, epics, and themes to ensure focus on maximum value aligned with product strategy.
• Provide thought leadership on market data, including regulatory matters, industry trends, and competitive landscape.
• Communicate and coordinate with teams and stakeholders to ensure alignment on direction, priority, and strategic benefits.
• Conduct customer interviews, review product analytics, and host user feedback sessions to understand user needs.

Requirements

• 5+ years of related experience with Market Data, with a strong understanding of the industry.
• 3+ years of experience across Broker-Dealer platforms.
• Bachelor's Degree or equivalent experience.
• 3+ years executing in an agile environment.
• Articulate, confident, driven professional with experience in implementing Market Data strategy in a results-oriented environment.
• Understanding of the regulatory landscape regarding Market Data.
• Demonstrated ability to effectively interact with all levels within an organization.
• Superior communication and presentation skills.
• Strong project management and organizational skills, attention to detail, and ability to prioritize and multi-task.
• Ability to work on a cross-functional team and drive outcomes without direct authority.
• Strong understanding of the complexities of financial services and the regulatory environment, particularly in trading.
• High level of intellectual curiosity and business acumen.
• Strong analytical and organizational skills with the ability to evaluate business opportunities and make informed tradeoffs.
• Expert communication skills, both written and oral, with the ability to present materials to high levels in the organization.

Nice-to-haves

• MBA, CFA, or industry relevant certifications.
• Experience in the financial services industry, preferably within a broker-dealer, RIA, investment or financial services firm.
• Agile and/or SAFe trainings and certifications.
• Knowledge of UI/UX fundamental principles.

Benefits

• 401K matching
• Health benefits
• Employee stock options
• Paid time off
• Volunteer time off