Compliance Advisor (ERISA)

Principal Financial Group • Des Moines, IA

7d • $104,400 - $150,000 • Remote

About The Position

Are you ready to take your career to new heights? Look no further! We have an exceptional opportunity for a driven and dedicated individual to join our team as a Compliance Advisor at Principal Financial Group, a world-class leader in the Finance/Insurance industry.
As a Compliance Advisor, you will provide compliance support and oversight to our qualified retirement plan business and play a crucial role in ensuring flawless adherence to regulatory and compliance standards. Your proven expertise in navigating complex regulatory landscapes will be instrumental in helping our organization compete in a highly regulated industry.
Here are a few examples of the kinds of things you'll do if you join our Compliance team:
Identify, research, interpret, and manage new laws, regulations, and other government guidance that impact our Retirement business, and provide analysis to our business partners to help them understand the impact and any necessary changes to their operations,
Provide technical guidance and serve as subject matter expert regarding Department of Labor (DOL) regulations, the Employee Retirement Income Security Act (ERISA) of 1974, Internal Revenue Code regulations, state insurance laws, and other requirements, governing workplace retirement benefits,
Collaborate with business partners/leaders to provide consultative compliance expertise regarding complex business situations, processes, and general questions received,
Participate from a compliance perspective in strategic projects and initiatives,
Develop, implement, evaluate, and maintain compliance oversight policies, procedures, and documentation to identify any gaps or deficiencies in the compliance program or business unit activities, and work with compliance and business leaders to resolve them,
Perform compliance risk mitigation, assessment, testing, and advertising review, and
Educate administrative and operational employees on compliance topics.

Requirements

• Bachelor’s degree or equivalent experience.
• 6+ years of relevant financial services compliance experience
• Familiarity with financial service products and markets, and deep subject matter expertise in the laws and regulations that govern the qualified employer sponsored retirement plan space, especially ERISA, as well as plan and contract provisions.
• Knowledgeable about applicable compliance and legal issues, various company products and services, and department operations.
• Proficiency working with Microsoft Office suite, including SharePoint and Teams.
• Strong written and verbal communication skills.
• Excellent organizational and attention to detail skills.
• Advanced analytical, decision making, and problem-solving skills.
• Strong consulting and relationship building skills.
• Ability to manage expectations and handle multiple projects.
• Ability to work both independently and within a collaborative team environment.
• Ability to manage expectations and handle multiple projects.

Nice To Haves

• 8+ years of finanical services compliance
• Knowledge and experience working with fiduciary topics and related issues, multiple employer arrangements, pension risk transfer, and/or employee stock ownership plans/employer securities is preferred.

Responsibilities

• Identify, research, interpret, and manage new laws, regulations, and other government guidance that impact our Retirement business, and provide analysis to our business partners to help them understand the impact and any necessary changes to their operations
• Provide technical guidance and serve as subject matter expert regarding Department of Labor (DOL) regulations, the Employee Retirement Income Security Act (ERISA) of 1974, Internal Revenue Code regulations, state insurance laws, and other requirements, governing workplace retirement benefits
• Collaborate with business partners/leaders to provide consultative compliance expertise regarding complex business situations, processes, and general questions received
• Participate from a compliance perspective in strategic projects and initiatives
• Develop, implement, evaluate, and maintain compliance oversight policies, procedures, and documentation to identify any gaps or deficiencies in the compliance program or business unit activities, and work with compliance and business leaders to resolve them
• Perform compliance risk mitigation, assessment, testing, and advertising review
• Educate administrative and operational employees on compliance topics

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. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
• Pension Eligible

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees