Demo

AVP, Public Securities Operations, Emerging Market Debt

PPM America, Inc.
Chicago, IL Full Time
POSTED ON 3/7/2025
AVAILABLE BEFORE 6/6/2025

If you are an internal associate, please login to Workday and apply through Jobs Hub.

Working at PPM America, Inc.

PPM America, Inc. (PPM) is a client-focused investment manager, and our mission is to deliver client-specific solutions and world class service to investors in the pursuit of their unique investment objectives. PPM prides itself on being a nimble, investment-led organization that is responsive to the opportunities that our teams discover together. Click here for a description of our assets under management and our investment strategies.

PPM was 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. Our communication style is informal, and we encourage collaboration by giving our teams the freedom to speak openly and share new ideas. 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, and at PPM you would join a community of employees with a long track record of dedicating their time and support to local nonprofits with the effort of strengthening local families and increasing economic opportunities.

At PPM, we believe that diversity and inclusion are integral to the success of our growth and longevity. PPM is committed to a culture of respect and believe that inclusion is the key to this culture, enabling our ability to innovate, execute, and grow for the benefit of our associates, clients, shareholders, and the communities where we live.

Portfolio Services

The Portfolio Services Department is a dynamic, fast-paced team that provides a broad spectrum of operational support for PPM's clients. The Department supports all asset management activities in the trade lifecycle, including portfolio management, trade execution, and client reporting. Functionally oriented teams include : Public Securities & Private Investment Operations, Derivatives Administration, Performance Analytics, Data Management and Business & Product Reporting. A high level of collaboration coupled with extensive cross-training promotes flexibility, scalability and professional development. Portfolio Services is centrally positioned to engage with PPM's investment and administrative teams to meet the firm's strategic objectives. The department maxim is to be indispensable to our clients through timely, complete and accurate execution of roles and responsibilities.

Summary

Public Securities Operations provides a centralized and coordinated function supporting PPM's public fixed income strategies across PPM's many business units. The team is responsible for trade processing and settlement activities, daily cash availability reporting, portfolio investment accounting. The team's day-to-day activities include direct engagement with various teams including Investment Management, Performance Analytics, Private Securities Operations, IT, internal and external service providers and clients. The team maintains a highly collegial and collaborative environment with clear operational accountabilities and a focus on skill development and advancement, use of technology, and process optimization.

Role Specifics

This role includes operational responsibilities for US and emerging market public fixed income instruments across a variety of client types and investment strategies. This role is expected to serve as a subject matter expert in operational fixed-income activities related to emerging market debt instruments. The candidate must be eager to participate in a team that handles a diverse range of functions and disciplines, highly nuanced accounts. The candidate must exhibit a high attention to accuracy and detail and a willingness to drive process improvements and automation to enhance operational efficiency. This role involves significant interaction with internal parties (traders, business development, portfolio managers, other PPM ops teams, etc.) as well as external parties such as brokers, counterparties, custodians, and clients).The role will be a proficient user of the Aladdin portfolio management system and related platforms within PPM's operational and systematic ecosystem.

Responsibilities :

  • Coordinate and support various public fixed income related operational processes for client accounts including :

Timely and accurate trade settlement processing

  • Daily monitoring and reconciliation of portfolio holdings, cash and non-cash activities
  • Processing and validation of all non-trade related activities occurring within client portfolios, including transfers, wires, principal & interest transactions, and miscellaneous activities
  • Timely resolution and communication of discrepancies
  • Communicate investable cash and cash event data to investment teams and other interested parties
  • Coordinate and manage operational account onboarding and offboarding activities including :
  • Account related operational documentation

  • Account and sub-account system set-up
  • Client service providers coordination
  • Coordination of in-kind and cash transfers
  • Validation of account and portfolio information, reporting requirements, and processing requirements.
  • Respond to client and investment manager inquiries in a timely, complete and accurate manner
  • Promote continual processes improvement by identifying, recommending and implementing change and automation
  • Work collaboratively with other Public Investment Operations team members :
  • Mentor and cross-train others on public operations responsibilities, particularly related to emerging market debt instruments

  • Provide additional operational support where and when needed
  • Provide back up support for the Private Securities Operations team and other operational areas on an ad hoc basis
  • Skills, Experience and Qualifications :

    Required Skills :

    The ideal candidate is a self-starter and is passionate about financial services with a strong understanding of financial data and an interest in continuously expanding their asset class and industry knowledge. The candidate should enjoy and demonstrate effectiveness in working in a team environment, as well as working independently to drive results with a high degree of professionalism, and client focus. Effective communication skills are critical to this role, as the candidate must demonstrate the ability to interpret, distill and present a variety of financial data to various constituents.

  • BS degree or equivalent, preferably in accounting, finance, economics, marketing, or a related discipline
  • Broad knowledge and understanding of fixed income instruments and their characteristics including life-cycle events
  • Demonstrated operational expertise related to emerging market debt instruments
  • Minimum of five years of practical hands-on experience in asset management operations, with proficiency in emerging market debt operational processes and practices
  • Trade Settlement and Reconciliation experience
  • Exposure to and demonstrative proficiency with third-party tools used in financial services such as : Bloomberg, DTCC, ALERT, CTM, Trade Suite, Blackrock Aladdin or other portfolio accounting platform
  • Basic understanding of institutional Corporate Action processing
  • Ability to prioritize and independently manage multiple deadlines and clientele simultaneously
  • Experience in preparing accurate and timely reports, analysis and presentations for management and clients
  • Unquestionable professional integrity
  • Strong teamwork-based approach to work and collective activities
  • Critical thinking, analysis, troubleshooting, and problem-solving expertise
  • Advanced proficiency with the entire Microsoft Office Suite, with an emphasis on Excel, Word and PowerPoint
  • Desired Skills :

  • Knowledge of Blackrock's Aladdin tool (highly desired)
  • Proficiency in tools that promote data analysis, task automation, and / or visualization (i.e. Python, Power BI, JIRA, etc.)
  • Additional credentials or progress toward an advanced degree or chartered industry designation (i.e., CFA, CPA, etc.)
  • Benefits :

    At PPM, we offer opportunities to get involved with a diverse 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.

    Employment Benefits

    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.

  • Competitive salary and bonus
  • Medical, dental and vision coverage
  • 401k retirement plan with dollar-for-dollar matching contributions (up to 6% of salary)
  • Tuition and professional certification reimbursement
  • Paid parental leave
  • Adoption assistance
  • Holidays and paid time off
  • Paid time off to volunteer
  • Life insurance
  • Gift matching
  • LI-KL1

    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 :

    104,000.00 - $125,000.00. 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 profit sharing contributions, and other benefit programs according to the Company's employment policies and subject to the formal terms of such plans and programs.

    Salary : $104,000 - $125,000

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    Job openings at PPM America, Inc.

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