Sr. Business Operations Analyst – Principal Custody Solutions

About the Role

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.

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

Responsibilities

• 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.
• Lead large business unit and cross-business unit projects, including analysis, business/functional requirements, and testing.

Requirements

• 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.
• Excellent leadership, strong analytical, problem-solving, and big-picture/conceptual skills.
• 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.
• Ability to build and maintain relationships and facilitate collaboration and communication.
• Demonstrated ability to embrace and understand the change process and effectively guide 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 is a plus.

Qualifications

We are willing to consider candidates at the next level depending on qualifications, experience, and skillset.

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.

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.

Pay

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. 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.

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

Benefits

• Flexible Time Off (FTO) for salaried (exempt) employees, providing the opportunity to take time away from the office with pay for vacation, personal, or short-term illness.
• Pension eligible.
• Comprehensive, competitive benefit offerings crafted to protect physical, financial, and social well-being.