Compliance Associate, PPM

Jackson; Chicago (IL); On-site; USD 72,000 - 84,000; Full time

Benefits offered by this job

Annual bonus program

Paid time off

Health benefits

401(k) plan with matching

Job summary

PPM America, Inc. in Chicago seeks a Compliance Associate to support investment compliance across strategies and to engage with senior leaders while upholding client service standards.

You will assist monitoring activities, prepare compliance reports, and help implement policies focused on sanctions, AML, anti-bribery, and information barriers in a collaborative, learning-focused environment.

Qualifications

• Bachelor’s Degree or equivalent experience required.
• 1-3 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.
• Knowledge of the Investment Advisers Act of 1940, Investment Company Act of 1940, FINRA, and related rules is helpful but not required.

Responsibilities

• Assist in monitoring client portfolio investment guidelines using Aladdin.
• Support routine investment compliance monitoring and deep-dive thematic reviews.
• Assist in communicating with Trading Desk and Portfolio Management on guideline triage and resolution.
• Support monitoring activities related to personal trading, political contributions, gifts, and information barriers.
• Prepare drafts of compliance reports for management and governance committees.
• Prepare drafts of client compliance reports and compliance checklists.
• Draft and review compliance policies; track and assess regulatory changes.
• Support risk assessment as part of the compliance plan.

Skills

Team player

Clear written and verbal communication

Attention to detail

Organizational skills

Multitask management

MS Office / Adobe Acrobat / Copilot

Aladdin familiarity

JIRA familiarity

Asset classes familiarity

Education

Bachelor’s Degree or equivalent experience

Tools

Aladdin

JIRA

Microsoft Office

Adobe Acrobat

Copilot

Job description

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.

• 1-3 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.