Securities Ops Spec II

What You'll Do

Principal is seeking a Securities Operations Specialist II to join our Principal Custody Solutions (PCS) team. If you enjoy working in a fast-paced environment and have strong analytical, problem-solving, customer service, and communication skills, this may be the position for you!

As a Securities Operations Specialist II, you will support complex securities and cash-related activities while serving as a key point of contact for clients, investment managers, and internal business partners. This role combines transaction processing, problem-solving, and customer service to help ensure the accurate and timely execution of investment operations.

Here are some examples of the kinds of things you'll do:

• Manage complex securities activities, including trading, income processing, entitlements, and cash-related transactions.
• Differentiate, process, reconcile, and investigate exceptions related to securities and cash transactions.
• Serve as a primary point of contact for clients, investment managers, and internal partners by researching inquiries, resolving operational issues, coordinating solutions across teams, and providing exceptional customer service.
• Review time-critical and complex documents while ensuring adherence to established policies, procedures, and regulatory requirements.
• Coordinate situations involving multiple departments to resolve operational challenges and support business objectives.
• Investigate and resolve transaction breaks, trade exceptions, and other operational issues while effectively handling escalations through resolution.
• Provide department-level reporting using multiple data sources.
• Provide training, guidance, and operational support to team members while assisting with procedure updates and process improvement initiatives.
• Back up other operational desks and work under minimal supervision.

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.

• High School Diploma or equivalent
• 3+ years of experience in customer service, operations, financial services, or business processing
• Demonstrated experience using SEI Trust 3000 and Salesforce within a securities, custody, trust, or investment operations environment to process transactions, research inquiries, and resolve operational issues
• Strong analytical and problem-solving skills
• Strong verbal, written and interpersonal communication skills
• Effective organizational, multi-tasking skills, and proficiency in Microsoft Office applications
• Ability to work independently while exercising sound judgement in a fast-paced environment

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.

$24.85 - $31.09 / hour

Personal Time Off (PTO) is provided to hourly (non-exempt) employees and provides a set amount of accrued time earned each pay period. Employees can use their PTO for vacation, personal or short-term illness.

Yes

This posting is only available for our Minneapolis, MN office (within 30 miles).

This role offers a hybrid schedule (blending at least three office days in a typical workweek)

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

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics…