Description:

What You'll Do
We're looking for an experienced attorney to join our legal team to lead regulatory examinations. This attorney will partner with the business units, our compliance team, and other attorneys to help respond to regulatory examinations and inquiries for 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 all retail regulatory examinations and investigations by the SEC, 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 the broker/dealer and registered investment adviser to guide them with legal issues resulting from ever changing regulatory requirements, including those of FINRA, Securities Exchange Commission, Department of Labor and states.
  • Provide day to day legal support for the compliance, operations, testing, risk assessment, regulatory exam, field audit compliance and sales practice surveillance and conduct teams.
  • Provide collaborative legal consulting and direction to various product lines (fixed annuities, variable annuities, mutual funds, brokerage accounts, variable life insurance, group annuities (offered under the 401(k) business) and investment advisory products/services), and multiple distribution channels (retirement plan wholesalers, annuity wholesalers, RIA wholesalers, Principal's advisor network, Principal's workplace personal investing services for retirement plan participants and direct to consumer).
  • 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 and mediation 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