What You'll DoWe're looking for a Compliance Advisor to join our Principal Securities/Principal Funds Distributor (PSI/PFD) Compliance team! In this role, you'll assist compliance leadership in operating a comprehensive compliance program consisting of policies, procedures, and consultative guidance to business partners. Evaluate situations and provide strategic guidance to compliance with leadership and business partners on a variety of complex legal, regulatory, and compliance issues. Principal Funds Distributor, Inc. (PFD) is a limited-purpose broker-dealer supporting Principal's domestic mutual fund, ETF and asset management product distribution to its sales and placement intermediaries, and Principal Securities, Inc. (PSI) is a dually registered broker-dealer and investment adviser supporting securities aspects of Principal's insurance distribution, retirement record keeping services and an independent retail dual-registrant distribution.
You'll Also Have The Opportunity To:- Contribute to a broker-dealer and investment adviser compliance team accountable to Principal's domestic fund, insurance and retirement product and service distribution.
- Drive, and support the business' drive, for more efficient and effective processes
- Provide comprehensive research, analysis, and guidance on laws, regulations, and other complex compliance matters.
- Evaluate compliance and business situations and clearly communicate guidance and decisions to business partners and management.
- Participate on highly visible special projects critical to business unit and corporate growth initiatives.
- Leverage data to provide in-depth analysis and reporting to help guide decision-making processes.
- Assist in preparing for and responding to regulatory exams and other inquiries.
- Contribute to organizational learning by mentoring and coaching less experienced compliance professionals.
- Partner with the business to help design creative solutions for complex customer needs and business processes.
- Build and sustain strong relationships with colleagues throughout the enterprise.
- Perform other job-related duties or special projects as required.
Who You Are- 6+ years related experience (mutual fund and/or insurance carrier broker-dealer compliance experience preferred)
- Bachelor's degree, JD, or MBA considered in lieu of experience
- Excellent written and oral communication skills
- Advanced analytical, problem solving, and organizational abilities
- High level of creativity and resourcefulness
- Demonstrated application of robust data analysis and reporting capabilities
- Experience in assessing and implementing process improvements
- Mentoring and coaching experience
- Demonstrated application of risk management frameworks and concepts
- Ability to interact with regulatory bodies
- Expert knowledge and experience with mutual fund, ETF, private fund, variable insurance and/or group annuity products and services, and the related governing securities laws and regulations.
- Deep understanding of fund complex, insurance carrier and/or retirement record keeping business operations
- Good order for FINRA representative and principal registrations preferred
Salary Range InformationSalary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range$104400 - $150000 / year
Salary DetailsThe following locations are examples of market-specific salary ranges across different geographies.
- Grand Island, NE: $104,400 - $122,400 / year
- Des Moines, IA: $110,200 - $129,200 / year
- Charlotte, NC: $116,000 - $136,000 / year
- Chicago/Minneapolis: $127,600 - $149,600 / year
- Los Angeles/New York City: $139,200 - $150,000 / year
Time Off ProgramFlexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don't accrue a bank of time off under FTO and there is no set number of days provided.
Pension EligibleYes
Additional InformationWork EnvironmentsThis 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/SponsorshipAt 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 EthicsFor 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.
