Sr. Business Operations Analyst - Principal Custody Solutions

Principal Financial Group; Minnesota; Hybrid; USD 103,000 - 149,000; Full time

Benefits offered by this job

Hybrid work arrangement

Pension eligible

Job summary

Principal Financial Group seeks a Sr. Business Operations Analyst for the Principal Custody Solutions team in a hybrid Minneapolis/Des Moines role. The candidate will lead major initiatives, coordinate with business and technical teams, and provide analytical insights to support strategic decisions.

Required is a college degree or 4+ years of experience, plus 6+ years in related financial securities work. Strong leadership, collaboration, and adaptability are essential in this evolving

Qualifications

• College degree or 4+ years of work experience.
• 6+ years of related experience (e.g., financial securities work experience in trust & custody operations).
• Experience leading large scale projects across workgroups.
• Ability to work effectively in a matrix environment.
• Must possess excellent leadership, analytical, problem-solving, and big-picture/conceptual skills.
• Ability to work with people at all levels and influence others without formal authority.
• Able to operate in evolving and ambiguous environments with internal stakeholders and industry peers.
• Build and maintain relationships and facilitate collaboration and communication.
• Embrace change and guide others through change.
• Strong technical, financial services product and business processes acuity.
• Experience with SEI T3000, DTCC PBS, BNYM Nexen, SWIFT, Alternative Assets and Canoe a plus.

Responsibilities

• Represent Principal Custody Solutions in industry forums and stakeholder groups.
• Lead analysis and readiness efforts for strategic initiatives including DTCC modernization, 23x5 trading, tokenization, and digital assets.
• Act as liaison between business partners and technical areas to implement solutions.
• Participate in strategic discussions and recommend efficient solutions.
• Lead large business unit and cross-unit analysis, requirements, and testing.

Skills

Leadership

Analytical thinking

Problem solving

Stakeholder engagement

Matrix environment

Change management

Communication

Education

Bachelor’s degree or equivalent

4+ years experience

Tools

SEI T3000

DTCC PBS

BNYM Nexen

SWIFT

Alternative Assets

Canoe

Job description

What You'll Do

We're looking for a Sr. Business Operations Analyst to join our Principal Custody Solutions team. In this role, you'll...

• represent Principal Custody Solutions in industry forums and stakeholder groups, evaluate emerging industry and regulatory developments, provide business impact analysis and recommendations, and develop materials to support stakeholder engagement and ongoing communications,
• lead analysis and business readiness efforts for strategic industry initiatives, including DTCC modernization efforts, 23x5 trading, tokenization, and digital assets, and provide recommendations to support organizational decision-making and implementation,
• act as a liaison between business partners and technical areas to implement business, marketing and technical infrastructure solutions to meet immediate and strategic needs,
• participate in and contribute to strategic discussions and recommend efficient solutions, and
• lead large business unit, cross business unit including analysis, business/functional requirements and testing.

Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!

Who You Are

• College degree or 4+ years of work experience
• 6+ years of related experience (e.g., financial securities work experience in trust & custody operations)
• Experience leading large scale projects across workgroups
• Ability to work effectively in a matrix environment
• Must possess excellent leadership, strong analytical, problem-solving, and big-picture/conceptual skills
• Must have the ability to work with people at all levels and influence others without formal authority
• Demonstrated ability to operate effectively in evolving and ambiguous environments, partnering with internal stakeholders and industry peers to shape approaches and establish frameworks for responding to emerging trends.
• Must be able to build and maintain relationships and facilitate collaboration and communication
• Demonstrate the ability to embrace and understand the change process and effectively guides others through change
• Strong technical, financial services product and business processes acuity
• Experience with industry tools and products such as SEI T3000, DTCC PBS, BNYM Nexen, SWIFT, Alternative Assets and Canoe a plus

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)

$103000 - $149000 / year

Salary Details

The following salary ranges reflect market-specific compensation for this position across multiple job levels. Candidates will be evaluated to determine the appropriate job level based on their skills and experience.

• Sr. Business Operations Analyst: $103,000 - $121,000 / year
• Business Operations Strategist: $127,000 - $149,000 / 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

Location & Work Environments

This role will be based out of our Minneapolis or Des Moines office. The role offers a hybrid work arrangement (at least 3 office days in a typical workweek).

Job Level(s)

Willing to consider at the next level depending on qualifications, experience, and skillset.

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)
• 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 Investmen