Business Owner Governance and Risk Specialist

What You'll Do

The Principal Financial Group is seeking a Governance Professional to provide comprehensive analysis and guidance on complex compliance issues. This individual will partner with the business unit to be responsible for the governance and compliance of operational and underwriting administration processes. Additionally, the role serves as a liaison with Compliance and Legal departments to achieve efficient, timely, and cost-effective oversight and operational support, ensuring compliance with state and federal laws.

• • Perform  evaluations of  processes and workflows, collaborating with business units, Compliance, Legal, and Risk departments to identify the most significant risks and compliance deficiencies. Analyze and interpret sophisticated  requirements, industry standards, and  policies to ensure operational practices are in alignment. Propose creative solutions to address both internal and external customer needs. Manage and resolve sensitive escalated issues.
  • Develop and implement  strategies to address  risks and ensure regulatory compliance. Work closely with Compliance, Legal, and Risk departments to build and implement robust controls and procedures that effectively close identified compliance gaps. Continuously assess the efficacy of compliance measures, proposing improvements where vital. Build and supervise key performance indicators (KPIs) and metrics to quantify and evaluate the success of operational risk management initiatives.
  • Advocate for business unit interests during sophisticated internal and external reviews, including market conduct examinations, audits, and government inquiries. Collaborate effectively with senior internal and external Legal Counsel, Compliance teams, and other internal and external auditors, examiners, and service providers.
  • Develop and present comprehensive remediation strategies and plans to senior management as needed.
  • Develop, review, and update sophisticated operational policies, procedures, and guidelines to ensure regulatory compliance. Collaborate with cross-functional teams to optimize processes, reduce redundancies, and improve compliance efficiency. Effectively communicate policy and procedural changes to relevant partners, providing vital training to support implementation. Facilitate monthly governance meetings with the business units to assure visibility and accountability toward the identified governance items.
  • Orchestrate and/or contribute to high-priority strategic initiatives that are essential for driving growth in both the business unit and the overall corporation.

Who You Are

• • Bachelor’s degree plus 10 years of related business experience or equivalent; requires expert and broad legal and technical knowledge of laws & regulations, and contract provisions
  • Excellent interpersonal skills, including verbal, written and strong presentation skills
  • High level of creativity and sophisticated analytical skills
  • Ability to work with complex, ambiguous information
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  Willing to consider at a higher level (Assistant Director, Governance Specialist) based upon experience.

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  • Bachelor’s degree plus 10 years of related business experience or equivalent; requires expert and broad legal and technical knowledge of laws & regulations, and contract provisions
  • In-depth knowledge of policy/product administration, contract language and provisions, processes and practices, customer service delivery strategies, internal/external auditing, market conduct/examination processes, and business, compliance and legal risk.
  • Demonstrates strong technical leadership skills, sound business ethics and outstanding decision making, issue identification and resolution
  • Excellent interpersonal skills, including verbal, written and strong presentation skills
  • High level of creativity and advanced analytical skills
  • Ability to work with complex, ambiguous information
  
  
  

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$95200 - $182400 / year
Time Off Program

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

Yes
Additional Information

Work Environments

This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA, or Charlotte, NC). You’ll work with your leader to figure out which option may align best based on several factors.

 

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

 

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

 

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

 

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.

 

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.
Original Posting Date

11/22/2024
Most Recently Posted Date

11/22/2024

LinkedIn Hashtag

#LI-MT1

Salary : $95,200 - $182,400