Principal Financial Group Deputy Chief Compliance Officer - Funds - #221721 in Des Moines, Iowa

Job Area: Compliance/LegalBusiness Area: Principal FundsLocation: IA - Des MoinesCareer Category: Experienced ProfessionalFull/Part Time: Full-TimeRegular/Temporary: RegularDate Posted: 2018-04-26


At Principal®, every role supports a greater purpose— to help people live their best lives. And after more than 130 years we’ve never had a more vibrant and dynamic global team united in our purpose.

Our employees are empowered to do their best work. We care about more than just skillsets and job responsibilities. We’re invested in helping our employees diversify their experiences, meet new challenges and reach bigger goals. Working at Principal comes with many opportunities and paths for career growth—all in the kind of welcoming, collaborative and community-spirited environment you’ll look forward to working in every day.

Within the compliance team of Principal Funds and in partnership with the Fund Chief Compliance Officer (“CCO”), the Deputy Chief Compliance Officer, will be responsible for leading the development, implementation and ongoing administration of the Principal Funds and Principal Exchange-Traded Funds (together, “the Funds”) compliance strategies and ensuring each of the Service Providers to the Funds complies with regulatory requirements and written compliance policies and procedures.


  • Responsible for various aspects of the Funds’ compliance program, including assisting the Fund CCO with maintaining written compliance policies and procedures for the Funds to ensure compliance with Rule 38a-1 under the Investment Company Act of 1940 (“`40 Act”).

  • Assist the Fund CCO with providing written and oral presentations to the Fund Board of Directors.

  • Provide support to Fund Compliance staff by serving as a technical resource, particularly with interpretation of federal securities laws and their potential application to the Funds’ compliance program.

  • Represent the Funds within the industry, to internal boards/committees, internal auditors, and/or to regulators.

  • Lead, develop and motivate staff in an environment that embraces change, teamwork, timeliness, and results that are measured and recognized.


  • Bachelor degree or equivalent experience, and 10+ years relevant work experience in compliance, legal and/or regulatory experience with a mutual fund complex required.

  • Advanced degree or JD preferred.

  • Experience working with registered investment companies and registered investment advisers required.

  • Requires a technical understanding of compliance practices, rules and regulations, and the ability to drive the execution and delivery of compliance policies.

  • Deep knowledge of the financial services market and products, securities laws (1933, 1934, and 1940 Acts, blue sky laws) and regulations (SEC/FINRA/state/federal).

  • Must have thorough understanding of compliance related issues affecting mutual funds, ETFs, and the asset management industry.

  • Must be able to work on tasks independently and manage teams of both direct reports and resources in other functions to complete projects.

  • Must be able to build and maintain strong relationships and consult with individuals at all levels.

  • Strong abilities in the areas of problem solving, project management, decision making, communication (verbal and written), and leadership required.

  • Must be able to manage expectations, attend to details, handle multiple projects, and prioritize effectively with a focus on results.

  • Travel may be required up to 20% of the time.

Investment Code of Ethics

You will be required to comply with a Code of Ethics which covers personal trading activities for you and members of your household.

Visa Sponsorship

This position is not eligible for sponsorship for work authorization by Principal. Therefore, if you will require sponsorship for work authorization now or in the future, we cannot consider your application at this time.


This position will be located in Des Moines, Iowa.


Principal is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic characteristics, sexual orientation, marital status, domestic partner status, military status, protected veteran status, disability status or any other characteristic protected by law.