Audit Manager- Internal Audit & Risk Consulting - Principal Financial Group

What You'll Do:

We’re looking for an Audit Manager to join our Internal Audit & Risk Consulting team. In this role, you’ll support achievement of the organization’s business objectives by performing risk-based internal audit and advisory services.

• Audit Lead & Execution – Lead the evaluation of key risks that impact overall strategies and objectives, including examination of key processes and application controls. Execute reviews in accordance with accepted professional standards and audit methodologies. Assess key risks impacting overall business objectives aligned with business unit and enterprise strategic plans. Identify key controls, assess the design effectiveness, and develop test plans to validate the execution effectiveness. Maintain timely and adequate documentation via on-going use of automated audit tool. Leverage data and analytics to drive additional insight and efficiency in the analysis of audit topics. Manage concurrent projects through effective planning and prioritization.
• Collaboration- Build and maintain strong business relationships with business unit leaders to understand changes impacting key functions and continue to expand knowledge of the business. Align internal audit activities with the organization’s risk management strategies and risk profile in a manner that balances internal control improvements with the overall objectives and capabilities.
• Communication – Lead overall audit project team efforts via on-going updates from team members and timely communication with key audit contacts. Discuss audit objectives, scope of work and audit test plans with key audit contacts. Identify root cause for audit issues to enable most effective remediation. Summarize results of audit work to position discussion of potential audit issues with management. Actively involve business unit management in the development of action plans. Clearly and concisely communicate audit issues in closing meetings and in written reports.
• Knowledge of the Business- Understand and apply common control frameworks (COSO, NIST, etc.) or other criteria that are needed to assess effectiveness of controls. Build and maintain a working knowledge of corporate policies and procedures. Interact with staff and management at all levels, gathering required information and soliciting insights to help assess key risks and controls. Develop in-depth knowledge of Principal’s products, services, and strategies to promote effective targeting of key risks and related audit work.
• Influence - Coach and mentor new team members, including on-going support of junior staff. Delegate and assign project work to staff, providing on-going oversight and coaching as needed. Share feedback to help promote team member growth and accountability. Develop effective challenge skills to ensure most effective use of audit resources and alignment with highest risks.
• Audit Planning– Help drive audit planning and risk assessment efforts within the team to align audit work with strategic priorities of the enterprise and meet audit coverage needs. Communicate insights gathered from on-going audit work and networking with business unit leaders to inform the audit plan and work with audit leadership to position initial definition of audit scope.

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:

• A bachelor’s degree or equivalent of seven to ten years of professional experience.
• Critical thinking, digital/data analytic capabilities, project management and organizational skills that enable effective work within a dynamic team environment.
• Ability to communicate with various levels in the organization, including listening, verbal, and written skills.
• General business acumen based on relevant industry experience and/or understanding of audit, risk, and control concepts.
• A depth and breadth of knowledge and understanding across key aspects of the business operations in support of credibility, relationship management and impact of audit work.
• Certified Internal Auditor (CIA), Certified Public Accountant (CPA) or other professional designations a plus, pursuit of internal audit certification will be encouraged and supported within the role.
• Travel may be required.

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:$106400 - $167000 / yearTime 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:YesAdditional Information:

Work Environments

This role offers an in-office and hybrid (blending at least three office days in a typical workweek) work arrangement in Des Moines, IA.

Job Level

We’ll consider talent at the next level with the right experiences and skills.

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.

Posting Window:We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.Date First Posted (TTF):9/4/2024Latest Post Date: Careers - US:9/4/2024