Compliance Advisor

Principal Financial Group•Des Moines, IA

20h

About The Position

Join our Benefits & Protection - Workplace Benefits Compliance team as a Compliance Advisor supporting regulatory excellence in the group insurance space! You'll partner with business leaders to ensure compliance with laws and regulations and help enhance our compliance testing programs. Advise business partners and compliance leadership on complex legal, regulatory, and operational issues. Conduct compliance risk assessments and targeted testing across Workplace Benefits products. Analyze compliance data and provide insights to drive informed decision-making. Review and strengthen compliance controls and business processes. Collaborate with cross-functional teams to develop practical, risk-aware solutions. Assist in preparing for and responding to regulatory exams and other inquiries. Evaluate insurance operations, including Third Party Administration testing. Partner with the business to help design creative solutions for complex customer needs and business processes. Participate on highly visible special projects critical to business unit and corporate growth initiatives. Identify and implement enhancements to the compliance program. Build and sustain strong relationships with colleagues throughout the enterprise.

Requirements

6+ years of compliance experience within a financial services organization
2+ years in compliance risk testing.
Bachelor’s degree or equivalent required
Deep knowledge of group insurance regulations.
Strong analytical and communication skills, including regulatory correspondence.
Proactive mindset with a drive to improve processes.
Ability to build trusted partnerships across all levels of the organization.
Willingness to travel 1–2 times per year.

Nice To Haves

JD or MBA preferred and may substitute for some required experience.
Proven experience managing and enhancing a compliance risk testing program.
Strong track record of navigating complex regulatory environments within the insurance or financial services sectors.
Ability to design and implement effective compliance initiatives aligned with business goals.
Skilled at balancing regulatory precision with practical, business-friendly solutions.
Comfortable working in fast-paced, high-stakes environments with tight deadlines.
Excellent collaboration skills, with the ability to influence across functions and levels.
Detail-oriented with strong strategic thinking and problem-solving capabilities.
Passion for driving continuous improvement in compliance standards and controls.

Responsibilities

Advise business partners and compliance leadership on complex legal, regulatory, and operational issues.
Conduct compliance risk assessments and targeted testing across Workplace Benefits products.
Analyze compliance data and provide insights to drive informed decision-making.
Review and strengthen compliance controls and business processes.
Collaborate with cross-functional teams to develop practical, risk-aware solutions.
Assist in preparing for and responding to regulatory exams and other inquiries.
Evaluate insurance operations, including Third Party Administration testing.
Partner with the business to help design creative solutions for complex customer needs and business processes.
Participate on highly visible special projects critical to business unit and corporate growth initiatives.
Identify and implement enhancements to the compliance program.
Build and sustain strong relationships with colleagues throughout the enterprise.