Assistant Director- Regulatory Consulting

Company: Principal Financial Group
Location: Des Moines
Posted on: January 6, 2021

Job Description:

ResponsibilitiesWhat You'll Do:As an Assistant Director- Consulting, you will be responsible for providing substantive technical advice and consultation regarding fiduciary, regulatory and operational matters pertaining to various retirement plans and trust and custody accounts serviced by Retirement and Income Solutions ("RIS"). You will maintain and support a suite of client agreements and forms, including various service agreements, trust agreements and custody agreements; provide high level consultation on agreement provisions; and negotiate agreements with clients' counsel, drafting and revising agreements as necessary.You will also:* Serve as a resource in identifying, interpreting, and communicating complex legislative, regulatory, and compliance issues that affect retirement documents.* Serve as a resource for ERISA and other Trust and Custody regulatory questions that impact day to day plan and trust administration.* Evaluate the impact of all major changes in the law and regulations pertaining to the RIS business and advise on the effects of any such changes as they relate to both the operation and administration of retirement plans and trust and custody accounts, including any required changes to plan or trust documents.* Educate internal staff regarding changes in the law and regulations pertaining to retirement plans and trust and custody accounts.* Consult on routine and non-complex plan correction processes.Qualifications* A bachelor's degree and 10+ years of retirement plan and/or trust and custody experience or 4+ year's employee retirement plan and trust and custody experience with a JD degree.* In- depth knowledge of qualified and non-qualified retirement document provisions.* Expertise and broad technical understanding of statutory and regulatory law contained within ERISA and the Internal Revenue Code. May require experience with defined benefit calculation process.* Strong analytical, problem-solving, negotiation, inter-personal, verbal, and written communication skills.* Experience maintaining and supporting a suite of client service documents and forms.* Experience negotiating contracts and service agreements.Additional InformationWork Authorization/SponsorshipAt this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role. (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)Investment Code of EthicsFor Principal Global Investors 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 PrincipalWhile our expertise spans the globe, we're bound by one common purpose: to foster a world where financial security is accessible to all. And our success depends on the unique experiences, backgrounds, and talents of our employees - individually and all of us together. Explore our core values, benefits and why we're an exceptional place to grow your career.Principal is an Equal Opportunity EmployerAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Keywords: Principal Financial Group, Des Moines , Assistant Director- Regulatory Consulting, Professions , Des Moines, Iowa