Compliance Advisor

Overview
At Principal, we invest in what matters. And building talented teams is where it all begins. We’re drawn to people who bring unique perspectives, passion, and expertise to help us advance the financial security and well-being of our customers, transform our growing business, and drive positive change in the communities where we live and work.
When we invest in you, and you invest in us, great things happen.
Join us at Principal Financial Group where we prioritize compliance and integrity. As a Compliance Advisor, you will ensure strict adherence to regulations, contribute to top-notch compliance programs, and collaborate with an excellent team. You\'ll lead projects, mentor colleagues, and interact with regulators in a dynamic setting.
What You\'ll Do
Lead and/or participate in conducting reviews, internal/external examinations, investigations and monitoring (i.e. new and existing products, risk assessments, marketing and advertising materials, cyber/electronic material, trading and investment guidelines, code of ethics) to assess complex compliance and operational risk levels. Formulate recommendations on proper course of action to resolve identified issues and/or on risk management strategies based on evaluation to management and/or business leadership. Conduct forensic, periodic, and transactional testing to ensure compliance with all applicable state, federal, and self-regulatory agency requirements. Build, test, implement and monitor, maintain and enhance controls and procedures relevant to area(s) of focus. Prepare documentation to support reviews/investigations and corresponding outcomes/resolutions to substantiate and demonstrate adequate processes/controls to meet Mutual Fund Board/SEC/regulatory requirements.
Participate in the completion of complex filings and/or reports with regulatory agencies (i.e. FINRA, Blue Sky, Form ADV, Form BD, Form BD, 206-4(7)). Manage timing, priority, and resources to ensure responses are comprehensive and filing occurs on time. Respond to, and or support management and internal counsel in responding to, regulatory inquires and examination requests.
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. Develop compliance policy, procedure, questionnaire and/or control recommendations designed to mitigate compliance risks and prevent violations of applicable rules and regulations. Lead implementation or operation of compliance programs and initiatives; review on an ongoing basis to assess their adequacy and effectiveness. Document compliance policies and procedures and disseminate to business areas to raise awareness; provide training as appropriate.
Develop and maintain professional relationships with regulatory authorities, vendors, external managers, business leaders and compliance professionals across Principal. Serve as point of contact.
Serve as a mentor and resource to junior team members. Demonstrate proficiency in the areas of technical functions, formulating recommendations, independent decision making and effective communication. Foster collaboration and teamwork across the compliance team.
Perform other job-related duties or special projects as required.
Who You Are
Bachelor\'s degree or equivalent, plus 5+ years of related work experience with FINRA license
Previous compliance experience within the asset management industry
Familiarity with financial service products and markets, securities laws and regulations (SEC/FINRA/state/federal), back-office operations, and trading systems
Experience working with 40 ACT Funds, ERISA, or institutional clients and managed accounts
Outstanding written and communication skills, with strong organizational and attention to detail capabilities
Possess strong analytical and critical thinking abilities, showcasing the capacity to operate autonomously and collaboratively
Demonstrating a sharp focus on business objectives and client needs, adept at thriving in a fast-paced team environment
Ability to manage expectations, balance multiple projects, and prioritize effectively
Comfortable providing consultation and direction to individuals at varying levels within the organization
High level of integrity and ability to explain complex information clearly
Proficiency with the Microsoft Office suite of applications
Travel, which may involve overnight accommodations, could be necessary on occasion
Why Join Us?
At Principal, we believe that investing in you is the key to our success. We offer an encouraging environment where your outstanding perspectives and expertise are valued. You\'ll have the opportunity to work with world-class professionals, drive innovation, and contribute to the financial security and well-being of our customers. Together, we can achieve great things
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Finance and Sales
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