The posting
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Working at PPM America, Inc.
PPM is a US-based institutional asset manager. Established in Chicago in 1990, PPM exists to consistently support institutional clients in achieving their long-term value goals. We take a hard work, straight talk, full transparency and humility approach to our work. Our success is supported by a team-based culture that encourages debate, collaboration and consistency. At the center of our belief is the fact that our best ideas to date have and can come from any team member anywhere in our firm. We believe the success of our investment culture is best demonstrated by the strong retention of our clients and investment professionals. PPM was again named one of the Best Places to Work in Money Management by Pensions & Investments in 2024. We attract professionals who exhibit humbleness, directness, and dedication. PPM’s values guide our internal conduct and help define the type of relationships we share with our investors, affiliates, and other valued partners. Above all, PPM is passionate about giving back to our clients, to each other, and to our community. We understand that community and purpose are just as important as the job description when finding your next career.
Values
At PPM, our values are reinforced in our culture every day. We act like owners. Integrity guides all that we do, and we are committed to exercising sound judgment in every decision that impacts the company and serves our clients. We are passionate about investment performance and driving results. We are relentless in our efforts to provide best in class service. We strive to build strong and lasting relationships with our clients, seeking to gain trust in everything we do. We work collaboratively with transparency and accountability. We operate as a team. We rely on each other, are accountable to each other, and respect each other. We value differences and unique perspectives and embrace the principle that great ideas can come from anyone. We embrace change. We are not afraid to challenge the status quo in search of a better, smarter or faster solution. We value learning, challenge ourselves and motivate others. We are also committed to positively impacting our community. As a firm, we invest time, experience and fundraising efforts with our non-profit partners.
At PPM, we offer volunteer opportunities to get involved with a network of peers and support the causes that are important to you. Your passion and talents can make a lasting impact on our organization and our community. Additionally, our employees go the extra mile every day and the benefits of working at PPM reflect our commitment to supporting and enhancing their personal and professional lives. The plans and programs listed below are offered in collaboration with our parent company.
Job Purpose
The Compliance Associate role provides opportunities to build experience across a broad spectrum of institutional investment compliance activities and exposure to all of PPM's investment strategies. The Compliance Associate also has the opportunity to regularly engage with seasoned investment professionals and senior leaders across the firm, and as part of the Compliance team, to provide advice and guidance to support the firm's client service standard and help the firm achieve its strategic objectives.
Essential Responsibilities
- Assist in the oversight of the firm’s investment activities, including the monitoring of client portfolio investment guidelines using the Aladdin system.
- Support other routine investment compliance monitoring activities and assist with deep-dive thematic reviews on compliance risk topics identified in the PPM Compliance plan.
- Assist in communicating with PPM Trading Desk and Portfolio Management teams regarding investment guideline triaging and resolution.
- Support ongoing routine or ad-hoc monitoring activities to ensure compliance with policies and procedures related to employee personal trading, employee political contributions, gifts and business entertainment, and information barriers.
- Assist in the execution of monitoring procedures and the preparation of reporting on financial crime risk areas, including economic sanctions, anti-money laundering, anti-bribery, and fraud.
- Prepare drafts of compliance reports for management and governance committees.
- Prepare drafts of client compliance reports and compliance checklists.
- Assist in the drafting and review of PPM compliance policies and procedures, and identify, track, and assess new regulations and rule proposals to ensure effective implementation of necessary policy and procedure changes and ongoing compliance.
- Support Compliance subject matter experts in the identification and assessment of compliance and regulatory risks as part of the ongoing development and execution of PPM’s compliance plan.
Other Duties
- Performs other duties and/or projects as assigned.
Knowledge, Skills and Abilities
- Must be a team player with excellent written and verbal communication skills.
- Ability to interact effectively and regularly with peers and all levels of management.
- Attention to detail and strong organizational skills.
- Ability to simultaneously and efficiently manage multiple projects.
- Strong personal computer skills and efficient utilization of technology (Microsoft Office, Adobe Acrobat, Copilot). Additional familiarity with Aladdin or JIRA is a plus.
- Familiarity with multiple asset classes and product offerings is helpful but not required. PPM’s strategies include public fixed income, private finance (including bank loans and private placements), private equity, public and private asset-backed securities (ABS), collateralized loan obligations (CLOs), distressed debt, and commercial real estate.
Qualifications
- Bachelor's Degree or equivalent experience required.
- 0-3 years of professional experience, with a preference for finance/business graduates with an interest in investments and financial markets or for compliance, audit, or risk management experience in a financial services environment, required.
- Other general regulatory and compliance experience is helpful but not required, including knowledge of the Investment Advisers Act of 1940, Investment Company Act of 1940, FINRA, and other securities related rules and regulations and related policies and procedures. .
Equal Employment Opportunity PPM America, Inc. is an equal opportunity employer and we base our employment decisions without unlawful regard or consideration of an individual’s race, color, religion, national origin, sex, gender, sexual orientation, ancestry, citizenship, age, marital status, veteran status, medical condition, non-job related disability, pregnancy or any other basis protected by federal, state, or local law.
Base Pay:
$72,000.00 - $84,000.00. The base salary for this position may vary depending on experience, job-related knowledge, skills, and abilities. In addition to the base salary, this role will be eligible to participate in our annual bonus program. This role will also be eligible for compensated personal time off and holidays, health benefits, 401(k) plan with generous matching and other benefit programs according to the Company's employment policies and subject to the formal terms of such plans and programs.
