We're seeking an Assistant Director – Compliance to join the compliance team supporting Principal Funds Distributor, Inc. (PFD), an asset management mutual fund distributor and limited-purpose broker-dealer, and Principal Securities, Inc. (PSI), a dually registered broker-dealer and investment adviser. In this role, you will lead, coach, and develop compliance staff within the PSI/PFD Compliance Department, while evaluating workflows and responsibilities to ensure processes remain current, scalable, and operationally efficient.

• Lead the practice group accountable for providing compliance consultation and compliance risk assessment to Principal Securities (PSI), Principal Fund Distributor (PFD) and various stakeholders in the strategic business areas of Principal, guiding development and maintenance of policies and procedures to reasonably comply with broker-dealer requirements for business areas providing securities aspects of the retirement record keeper, variable/group annuity, variable life and fund complex wholesaling, insurance variable product underwriting and distribution, securities aspects of the retirement record keeper, area compensation practices, wholesale activity licensing and registration, and the books and records in those product areas.
• Lead the practice group accountable for regulatory compliance consultation and compliance risk assessment to the retail retirement product distribution of PSI, through its broker-dealer and investment adviser offerings.
• Set strategic vision and structure for your practice group and develop the strategic governance to connect the practice group, first lines of PSI and/or PFD, and the strategic business areas of Principal facilitating securities product/service offerings and activities.
• Develop and maintain business connectivity between the various legal, compliance and risk areas providing second line support for retirement, investment company, asset management, and insurance distributions, participating in governance consultation through applicable regular and ad-hoc meetings and discussions.
• Participate as a member of the PSI/PFD Compliance Leadership Team in executing core compliance functions, including: policy administration, training and initiatives, regulatory compliance, risk assessments, testing and monitoring, field compliance and business partner support.
• Participate as a member of the PSI/PFD Compliance Leadership Team in setting and executing strategic objectives for the department and supporting strategic objectives of business partners.
• Provide technical advice and subject matter expertise while working collaboratively with business partners.
• Translate strategy into results with ability to work collaboratively with the broader PSI/PFD Compliance Team as well as other departments and business partners.
• Develop, maintain, and evolve standard operating procedures.
• Provide subject-matter support on aligned compliance policies, procedures and/or guidelines.
• Ensure process workflows are efficient, and technology is appropriately utilized within your core functions.
• Develop and maintain metrics and reporting to demonstrate quantity and quality of work performed.
• Develop, mentor and motivate compliance staff through selection, training, performance review, salary administration and developmental plans.
• Build bench strength and foster collaboration across the broader PSI/PFD Compliance Team.
• Build cross-departmental relationships and provide opportunities for cross-functional training.
• Establish industry relationships to bolster benchmarking and best practice awareness.

• Bachelor's degree or equivalent required, 8 plus years relevant experience

• JD or MBA may be considered in lieu of some experience
• Extensive knowledge of applicable compliance and legal issues, various company products and services, and department operations
• Experience in retirement record keeping and/or insurance or mutual fund company wholesale distribution broker-dealer or investment adviser
• Creative and self-directed with ability to consider a wide range of factors in solving problems
• Excellent leadership, negotiation, presentation, and organizational, skills required as well as superior interpersonal, relationship-building, analytical, time management, and oral and written communication skills
• FINRA series 7, 24 and state 65/66 preferred

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA, Raleigh, NC or Charlotte, NC.). You’ll work with your leader to figure out which option may align best based on several factors.

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs, please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.

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