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What You'll Do

As a Compliance Advisor within Principal Asset Management you’ll focus on the broker dealer and investment advisers’ compliance program for electronic communications, books and records, licensing and registration, and cash/non-cash compensation!

Responsibilities include:

• Maintain and provide feedback on the firm’s electronic communication policies, lexicons, and flagging parameters; research and resolve escalated messages; perform secondary review of electronic communications for certain populations; create and deliver training to reviewers using the electronic communications review tool.

• Provide guidance on broker dealer recordkeeping requirements, including retention and purging of records

• Identify broker dealer licensing and registration requirements and process related tasks for registered representatives and non-registered fingerprint persons. Make accurate and appropriate U4, U5, NRF, Form BR, Form BD, and other filings in both CRD and IARD. Research and reconcile variances in reports.

• Assist with the review and approval of non-cash compensation globally including reconciliation/reporting of spending and firm limits for gifts and entertainment.

• Complete compliance testing assignments on an ongoing basis, assist with compiling documentation in response to internal and regulatory audits, and other duties as assigned.

• Develop compliance policy, procedure, questionnaire and/or control recommendations designed to mitigate compliance risks and prevent violations of applicable rules and regulations

• Monitor proposed, adopted and amended rules and regulations relevant to the asset management industry; provide management updates on applicability, evaluate implications on organizational processes and advise on potential solutions/options. Lead implementation or operation of compliance programs and initiatives including proposing updates as a result of regulatory changes

• Document compliance policies and procedures and disseminate to business areas to raise awareness; provide training as appropriate.

Success Profile: Success in this position requires a strong business focus, client orientation and the ability to make an impact in a fast paced, team environment.

Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!

Who You Are

• Bachelor's degree or equivalent

• 5+ years of previous broker dealer and investment adviser compliance experience

• Active FINRA SIE or equivalent, 7 and 24 licensing

• Familiarity with financial service products and markets, securities laws and regulations (SEC/FINRA/state/federal), and back office operations

• Experience working with ‘40 Act Funds, ERISA, institutional clients and managed accounts preferred

• Must have excellent written and verbal communication, organizational, attention to detail, analytical, problem solving, consulting and relationship building skills

• Proficiency working with Smarsh, Red Oak, Bloomberg, CRD/IARD, and the Microsoft Office suite of applications

• Must be able to manage expectations, attend to details, handle multiple projects, and prioritize effectively

• Must be comfortable providing consultation and direction to individuals at varying levels within the organization

• Must display a high level of professionalism and ability to explain complex information to individuals with varying degrees of understanding

• Travel, including overnight stays, may be periodically needed

Salary Range Information

Salary 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 (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$95200 - $182400 / year

Time Off Program

Flexible 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 Eligible

No

Additional Information

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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) to learn more about our purpose, values and benefits.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

4/16/2024

Most Recently Posted Date

4/17/2024

LinkedIn Remote Hashtag

#LI-Remote