At Principal, we invest in what matters. And building talented teams is where it all begins. We're drawn to people who bring unique perspectives, passion, and expertise to help us advance the financial security and well-being of our customers, transform our growing business, and drive positive change in the communities where we live and work.
When we invest in you, and you invest in us, great things happen.
We are looking for an Associate Director, Investment Compliance who will support our Compliance team on investment compliance monitoring and oversight for our Malaysia business.
What You'll Do
- Lead and/or participate in conducting reviews, internal/external examinations, investigations and monitoring to assess complex compliance and operational risk levels. Formulate recommendations on proper course of action to resolve identified issues and/or on risk management strategies based on evaluation to management and/or business leadership. Conduct forensic, periodic, and transactional testing to ensure compliance with all applicable state, federal, and self-regulatory agency requirements. Build, test, implement and monitor, maintain and enhance controls and procedures relevant to area(s) of focus. Prepare documentation to support reviews/investigations and corresponding outcomes/resolutions to substantiate and demonstrate adequate processes/controls to meet Mutual Fund Board/SEC/regulatory requirements.
- Participate in the completion of complex filings and/or reports with regulatory agencies. Manage timing, priority, and resources to ensure responses are comprehensive and filing occurs on time. Respond to, and or support management and internal counsel in responding to, regulatory inquires and examination requests.
- Monitor proposed, adopted and amended rules and regulations relevant to the asset management industry; provide management updates on applicability, evaluate implications on organizational processes and advise on potential solutions/options. Develop compliance policy, procedure, questionnaire and/or control recommendations designed to mitigate compliance risks and prevent violations of applicable rules and regulations. Lead implementation or operation of compliance programs and initiatives; review on an ongoing basis to assess their adequacy and effectiveness. Document compliance policies and procedures and disseminate to business areas to raise awareness; provide training as appropriate.
- Develop and maintain professional relationships with regulatory authorities, vendors, external managers, business leaders and compliance professionals across Principal. Serve as point of contact.
- Serve as a mentor and resource to junior team members. Demonstrate proficiency in the areas of technical functions, formulating recommendations, independent decision making and effective communication. Foster collaboration and teamwork across the compliance team.
- Perform other job-related duties or special projects as required.
Who You Are
- At least 5 years of related work experience in the compliance function, preferably within the Asset Management industry
- Familiarity with financial service products and markets, securities laws and regulations back-office operations and trading systems
- Excellent written and verbal communication skills, with strong organizational ability, attention to detail, and analytical and problem-solving capabilities
- Demonstrated consulting, relationship building, and stakeholder management skills across multiple levels of the organization
- Ability to work independently and collaboratively in a fast paced, team-oriented environment, with strong initiative and prioritization skills
- Proven ability to manage multiple projects simultaneously, meet deadlines, and manage expectations effectively
- Strong business acumen with a client-oriented mindset
- High level of professionalism and the ability to translate and explain complex information to audiences with varying levels of understanding
- Proficiency with Microsoft Office applications required
Who We Are
Principal Financial Group is a Fortune 500 global leader in financial services focused on insurance, retirement, and asset management. We have 18,000 employees and 51 million customers around the world with over $714B in assets under management.
