Sr. Business Operations Analyst - Principal Custody Solutions

What You'll DoWe’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, andlead 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 AreCollege degree or 4+ years of work experience6+ years of related experience (e.g., financial securities work experience in trust & custody operations)Experience leading large scale projects across workgroupsAbility to work effectively in a matrix environmentMust possess excellent leadership, strong analytical, problem-solving, and big-picture/conceptual skillsMust have the ability to work with people at all levels and influence others without formal authorityDemonstrated 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 communicationDemonstrate the ability to embrace and understand the change process and effectively guides others through changeStrong technical, financial services product and business processes acuityExperience with industry tools and products such as SEI T3000, DTCC PBS, BNYM Nexen, SWIFT, Alternative Assets and Canoe a plusSalary Range InformationSalary 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 DetailsThe 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 / yearBusiness Operations Strategist: $127,000 - $149,000 / yearTime Off ProgramFlexible 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 EligibleYes Location & Work EnvironmentsThis role will be based out of our Minneapolis 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/SponsorshipAt 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 ImmigrantsInvestment Code of EthicsFor 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 PrincipalAt 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 EmployerAll 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 WindowWe 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. Original Posting Date8/5/2026 Most Recently Posted Date8/5/2026 Principal uses artificial intelligence tools to assist in reviewing and evaluating job applications, fraud prevention, and candidate matching and comparisons. These AI tools support our human recruiters in the initial review process but do not make final hiring decisions without human involvement. By submitting your application, you acknowledge this use of AI in our recruitment process. Please review our Workforce (U.S.) Privacy Notice for more details on our practices and your data privacy rights.