Intern, Settlement Equity

At Principal, we invest in what matters. And building dedicated teams is where it all begins. We're drawn to people who bring outstanding perspectives, passion, and expertise to help us advance the financial security and well-being of our customers. We also aim to 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 Intern for our Investment Operations team, in Settlement– Equity. You will assist on operations related to equity trade settlement and cash management. This department ensures accuracy of cash projections for foreign fund, ensures sufficient cash is available for impending settlements and supports the trade lifecycle by performing trade matching and instructing payments or receipts.

What You'll Do

• Assist in monitoring and verifying equity trades in systems under supervision daily.
• Assist in uploading and verification of placements in internal systems before sending maturity and new placement instructions daily.
• Support the team in preparing trade instructions and confirmations to custodians and counterparties.
• Maintain accurate records and filing of daily transactions for internal and external audits.
• Assist in preparing reports and trade-related information in a timely manner,
• Support monitoring of cash inflows and outflows for foreign funds and assist with with FX transaction processing.
• Perform administrative tasks and other responsibilities as assigned by the team.

Who You Are

• Bachelor's degree student or graduate in Accounting, Finance, Investment, Economics, or other related fields.
• Basic understanding of financial instruments, equity trade settlement processes, and cash flow management.
• Good problem-solving and time management skills to support timely completion of tasks.
• Proficient in Microsoft Office (Excel, Word, Outlook); familiarity with financial systems or trade matching platforms (e.g., OMGEO, PFI) is an advantage.
• Available for a minimum 6-month internship.

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.