Senior Compliance Analyst (AML)

At Principal Financial Group, we're committed to helping people build, protect, and advance their financial security. As a Senior Compliance Analyst on our Financial Crimes team, you'll play a key role in reporting suspicious activity that helps protect our customers, our business, and the broader financial system.

This is an opportunity to join a growing AML program and make a meaningful impact by conducting complex transaction reviews, partnering with stakeholders across the enterprise, and supporting regulatory reporting obligations. You'll work at the intersection of compliance, risk management, and financial services while helping shape and strengthen our AML controls and processes.

What You'll Do

As a Senior Compliance Analyst, you'll serve as a key contributor within our Anti-Money Laundering program designed to support our life, annuity, and retirement business lines and products, with a strong focus on investigations and suspicious activity reporting.

Key responsibilities include:

• Conducting detailed reviews and investigations of potentially suspicious activity identified through transaction monitoring, alerts, referrals, and other internal sources.
• Analyzing transactional activity and customer behavior to identify potential money laundering, fraud, and other financial crimes risks.
• Coordinating the gathering, analysis, and documentation of information required for regulatory reporting.
• Drafting, reviewing, and editing Suspicious Activity Reports (SARs) for submission to FinCEN.
• Partnering with AML Officers, compliance leaders, fraud teams, and business stakeholders throughout the investigative and reporting lifecycle.
• Providing guidance to business partners regarding AML obligations, regulatory requirements, and financial crime risk indicators.
• Maintaining expertise in Bank Secrecy Act (BSA), USA PATRIOT Act, OFAC, FinCEN, anti-fraud regulations, and elder financial exploitation requirements.
• Supporting risk assessments, audit requests, regulatory examinations, and compliance initiatives.
• Assisting with procedure updates, training development, and continuous improvement efforts across the AML program.
• Participating in technology and process enhancement initiatives to improve monitoring, investigations, and reporting capabilities.

• Associate or bachelor’s degree, or equivalent combination of education and experience.
• 6+ years of direct compliance, AML, financial crimes, investigations, or related experience.
• Strong experience conducting AML investigations, transaction reviews, and suspicious activity analysis.
• Experience preparing, reviewing, or supporting Suspicious Activity Reports (SARs).
• Strong understanding of AML regulatory requirements, including BSA, FinCEN, OFAC, and USA PATRIOT Act requirements.
• Demonstrated ability to analyze large volumes of information and perform complex research and investigations.
• Excellent organizational skills with the ability to manage multiple priorities and deadlines.
• Strong written and verbal communication skills.
• Experience drafting compliance-related documentation, including policies, procedures, standards, and process documentation.
• Advanced proficiency with Microsoft Excel and other business applications.

Preferred Qualifications

• ACAMS certification (strongly preferred).
• Experience working within AML investigations and reporting functions, particularly in roles supporting downstream reporting activities following investigations (strongly preferred).
• Experience using NICE Actimize or similar AML transaction monitoring and case management platforms.
• Insurance industry experience or knowledge of insurance products (strongly preferred).
• Broker-dealer or securities industry experience.
• FINRA Series 7 license.
• Experience supporting evolving AML technology and process transformation initiatives.

What Will Make You Successful

• Deep understanding of AML investigations, transaction monitoring, and regulatory reporting.
• Ability to independently manage complex cases and investigations from initial review through reporting.
• Strong analytical mindset with exceptional attention to detail.
• Ability to collaborate effectively with employees and leaders across all levels of the organization.
• Adaptability in a fast-changing regulatory and compliance environment.
• Strong relationship-building skills and a customer-focused approach to compliance partnership.

The following locations are examples of market-specific salary ranges across different geographies. 

• Grand Island, NE / Wichita, KS: $84,600 - $114,300 / year
• Des Moines, IA / Tampa, FL: $89,300 - $120,650 / year
• Charlotte, NC / Dallas, TX: $94,000 - $127,000 / year
• Chicago, IL / Denver, CO / Minneapolis, MN: $103,400 - $132,000 / year
• Los Angeles, CA / New York City, NY: $112,800 - $132,000 / year

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 and 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 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.

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