Assistant Director - Asset Management Compensation

Assistant Director Of Global Compensation

We're looking for a strategic and collaborative compensation leader to join our Total Rewards team as an Assistant Director of Global Compensation. In this role, you'll help shape how we attract, reward, and retain talent across our global asset management businesses. You'll partner closely with business leaders and HR teams around the world to design compensation programs that are aligned to performance, market trends, and business strategy. This is a highly visible role with the opportunity to influence senior leaders, design innovative compensation solutions, and operate in a dynamic, global environment.

You'll have the opportunity to:

• Design and evolve global compensation programs, including base pay, annual incentives, and long-term incentives
• Help shape compensation approaches that align to business performance, growth, and talent needs
• Bring forward ideas and insights to ensure our programs remain competitive and forward-looking
• Act as a trusted advisor to leaders across asset management
• Provide guidance on complex and high-impact compensation decisions
• Work across regions and teams to ensure alignment in a global, matrixed organization
• Use market data, industry insights, and internal analytics to develop clear, actionable recommendations
• Present findings and recommendations to senior leaders and governance groups
• Help leaders understand trade-offs and make informed compensation decisions
• Partner with HR, Finance, Legal, and Compliance to ensure programs are consistent, scalable, and compliant globally
• Contribute to the annual compensation cycle, including salary planning and incentive processes
• Support ongoing enhancements to how we structure, manage, and communicate compensation
• Provide coaching and guidance to team members and colleagues
• Share expertise and elevate the broader team's compensation design capability
• Serve as a go-to resource for complex or sensitive compensation topics

Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $740 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a "Best Places to Work in Money Management" for 14 consecutive years!

Who You Are

6–8+ years of experience in investment management compensation, total rewards, or related HR consulting roles

Strong experience in investment management compensation design and business-facing advisory

Ability to operate effectively in a global, matrixed environment

Proven ability to influence and partner with senior leaders

Strong analytical, problem-solving, and communication skills

Why Join Us

At Principal, we're committed to helping people build financial security—and that starts with our employees. You'll join a team that values collaboration, innovation, and meaningful impact, with the opportunity to shape how compensation supports our global growth.

Additional Details

Location: Flexible / Global team environment

Travel: Limited (≈5%)

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 (Non-Exempt expressed as hourly; Exempt expressed as yearly) $141000 - $213000 / year

Time 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 Yes

Work Environments This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements (only if residing more than 30 miles from Des Moines, IA.).You'll work with your leader to figure out which option may align best based on several factors.

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.

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.

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.