Compliance Analyst

Principal Financial Group

2d • $55,800 - $100,800 • Hybrid

About The Position

Principal is seeking a Compliance Analyst to join the Risk Assessment, Testing, and Monitoring Team within the compliance organization supporting Principal Securities, Inc. and Principal Funds Distributor, Inc. This role is responsible for conducting risk assessment and compliance testing activities for the broker dealers and registered investment adviser, collaborating across the three lines of defense, and identifying solutions to increase efficiency and effectiveness of compliance processes.

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

• Bachelor's degree or equivalent experience
• 2+ years of experience within the financial services industry
• Experience in compliance testing, auditing, or risk assessment
• Strong written and verbal communication, analytical thinking, decision-making, and organizational skills
• Demonstrated ability to build and manage relationships across various disciplines
• Ability to work autonomously as well as in a collaborative group setting

Nice To Haves

• FINRA licenses, including Series 6, Series 7, Series 24, and/or Series 26
• Prior compliance, legal or operational experience within the broker-dealer or registered investment adviser environment
• Demonstrated innovation, adaptability, and resourcefulness

Responsibilities

• Assist with periodic and ongoing second-line testing of policies, procedures, processes, and controls in accordance with FINRA, SEC, and applicable federal securities laws
• Conduct annual risk assessment activities to support development of the firm’s risk profile
• Draft annual compliance reports pursuant to FINRA Rule 3120/3130 and Advisers Act Rule 206(4)-7
• Identify, interpret, and provide guidance on new and existing laws, regulations, and other directives applicable to the business unit and its customers
• Consult with Chief Compliance Officer and Senior Management regarding identified issues and collaborate with business units on remediation efforts
• Apply risk-based methodologies to investigate, assess, and prioritize operational and compliance topics
• Evaluate, document, and report key risk trends or other compliance monitoring results
• Proactively identify and implement improvements to workflows, templates or automation opportunities to enhance efficiency
• Perform other job-related duties or special projects as required

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: Entry Level
• Number of Employees: 5,001-10,000 employees