What You'll Do
We're looking for an experienced attorney to join our legal team to lead regulatory examinations, and to assist our retail broker-dealer with its legal needs.
This attorney will partner with the business units, our compliance team, and other attorneys to help respond to regulatory examinations and inquiries involving securities laws across our U.S. retail advisory, insurance and retirement operations. You will also provide day-to-day support to Principal's dually-registered retail broker-dealer and investment adviser, Principal Securities. In this role, you'll provide legal advice concerning the offering and sale of securities, financial products and advisory services to retail and retirement customers.
Lead internal coordination for retail regulatory examinations and investigations by the Securities and Exchange Commission, FINRA, and state securities departments, and interface with these entities. Partner with the business, compliance team and other legal peers to provide timely and accurate information on state insurance inquiries and exams and DOL inquiries.
Serve as advisor for Principal Securities to guide it with legal issues resulting from regulatory requirements, including those of FINRA, the SEC, the Department of Labor, and states.
Provide day-to-day legal support for compliance, operations, testing, risk assessment, regulatory exam, field audit compliance and sales practice surveillance and conduct teams.
Provide collaborative legal consulting and direction about the distribution of securities products, life insurance products, and investment advisor products, across multiple distribution channels, including Principal's advisor network, Principal's workplace personal investing services for retirement plan participants, and third party wholesalers.
Provide technical advice or serve as a subject matter expert across the company.
Use strong risk assessment and mitigation skills to collaborate with Risk and Compliance to help the business make risk-astute decisions.
Work closely with litigation peers on civil litigation, arbitration, mediation and negotiations involving Principal Securities and its representatives.
Who You Are
Requires JD with 10+ years of experience as an attorney with securities regulatory experience
Must be admitted to practice in the state employed within twelve months of hire
Requires knowledge of the relevant area of law and its application
Must be able to work as a member of a team and independently on a self-motivated basis
Requires superior executive presence and written and verbal communication skills
Must be able to apply knowledge of the law to make sound judgments, communicate, and interact with others in a professional manner and with a business mindset
Informal leadership experience is preferred
Some travel may be required
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)
$174000 - $236000 / 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 (https://www.uscis.gov/working-in-the-united-states/temporary-nonimmigrant-workers) and Green Card for Employment-Based Immigrants (https://www.uscis.gov/green-card/green-card-eligibility/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 (https://www.principal.com/about-us/careers) 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
4/25/2025
Most Recently Posted Date
4/25/2025
LinkedIn Remote Hashtag
LI-Remote
LinkedIn Hashtag
LI-MT1
