Assistant Director-Compliance (Risk Assessment, Testing and Monitoring)

Principal Financial Group • Raleigh, NC

5d • Hybrid

About The Position

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.

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!

Requirements

• 8+ years of relevant financial services experience demonstrated through one or a combination of the following: work experience, training, military experience, or education
• Extensive knowledge of applicable compliance and legal issues, various company products and services, and department operations
• Experience in a well-orchestrated second-line risk assessment and testing program
• 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

Nice To Haves

• JD or MBA may be considered in lieu of some experience
• FINRA series 7, 24 and state 65/66 preferred

Responsibilities

• Lead the practice group who administers a well-developed compliance risk assessment and carries out the related risk-based compliance testing program.
• Coordinate reporting for PSI and PFD entities related to the various compliance testing programs, including those for FINRA 3120/3130, Advisers Act 206(4)-7 and DOL PTE Retrospective Reviews.
• Lead the practice group accountable for development and execution of compliance monitoring structure and activities.
• Lead the practice group that serves as the primary compliance consultation contact for books and records, vendor management and technology regulations applicable to the supported firms.
• Serve as the primary point of contact between the department and enterprise compliance risk and operational risk functions.
• 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.
• Manage day-to-day practice group operations while setting strategic vision for the team.
• 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.

Benefits

• 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.
• Pension Eligible
• Comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed