AVP, Enterprise & Operational Risk
Apply NowCompany: PPM America, Inc.
Location: Chicago, IL 60629
Description:
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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.
Risk Management Department Description
The Risk Management Department is responsible for overseeing PPM's investment, operational, and enterprise risk management programs and governance. Within that construct, Risk Management provides a broad spectrum of risk management support to the firm's departments, including front office (Portfolio Management, Trading, and Credit Research), operations (Portfolio Services and Information Technology), and legal & compliance. Given the Risk Management Department's broad mandate, team members are encouraged to be curious, collegial, yet open to challenges when dealing with counterparts across the organization.
At PPM, risk management is central to our mission to deliver client-specific solutions and world class service. As such, the Risk Management Team is afforded unique access and the opportunity to engage across the entirety of the firm and its investment activities. This broad access allows team members to focus on risk initiatives that match well with their current experience and build on future career objectives. Ultimately, the team is a group comprised of fast-paced, dynamic, and diverse problem solvers, who proactively work across the organization to reduce risk and deliver on our mission.
Role Specifics
The AVP, Enterprise & Operational Risk is responsible for identifying, analyzing, and remediating investment management operational risk issues/incidents, while synthesizing risk trends and solutions for executive management (Chief Risk Officer, Chief Operating Officer, Chief Compliance Officer, etc.) and the appropriate Risk Committees. The AVP, Enterprise & Operational Risk is well-versed in the investment management industry operational risk practices and principles to ensure adherence to the firm's operational risk control framework. Engage in credible challenge of the firm's operational controls. Manage emerging/topical investment management risks (i.e. model risk management, valuation risk, etc.) and navigate enterprise risk governance and oversight for the firm's risk framework, policies, and standards.
Responsibilities:
Skills, Experience and Qualifications:
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 enthusiasm 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.
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:
$105,000.00 - $115,000.00. 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.
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.
Risk Management Department Description
The Risk Management Department is responsible for overseeing PPM's investment, operational, and enterprise risk management programs and governance. Within that construct, Risk Management provides a broad spectrum of risk management support to the firm's departments, including front office (Portfolio Management, Trading, and Credit Research), operations (Portfolio Services and Information Technology), and legal & compliance. Given the Risk Management Department's broad mandate, team members are encouraged to be curious, collegial, yet open to challenges when dealing with counterparts across the organization.
At PPM, risk management is central to our mission to deliver client-specific solutions and world class service. As such, the Risk Management Team is afforded unique access and the opportunity to engage across the entirety of the firm and its investment activities. This broad access allows team members to focus on risk initiatives that match well with their current experience and build on future career objectives. Ultimately, the team is a group comprised of fast-paced, dynamic, and diverse problem solvers, who proactively work across the organization to reduce risk and deliver on our mission.
Role Specifics
The AVP, Enterprise & Operational Risk is responsible for identifying, analyzing, and remediating investment management operational risk issues/incidents, while synthesizing risk trends and solutions for executive management (Chief Risk Officer, Chief Operating Officer, Chief Compliance Officer, etc.) and the appropriate Risk Committees. The AVP, Enterprise & Operational Risk is well-versed in the investment management industry operational risk practices and principles to ensure adherence to the firm's operational risk control framework. Engage in credible challenge of the firm's operational controls. Manage emerging/topical investment management risks (i.e. model risk management, valuation risk, etc.) and navigate enterprise risk governance and oversight for the firm's risk framework, policies, and standards.
Responsibilities:
- Lead PPM's operational risk processes, including the following:
- Incident Management process: Partner with the business to identify, investigate, and remediate control failures across the organization.
- Risk Identification, Risk & Control Self-Assessment, Top Risk Determination: Partner with the business on these processes, leveraging an enterprise-wide system to register, report, and analyze the firm's risks.
- Lead the firm's Operational Risk Committee and working group meetings with senior and executive management.
- Create and present meaningful management information for relevant committees and working groups, synthesizing the firm's enterprise & operational risk trends into actionable remediations.
- Effectively communicate operational risk issues or problems and credibly challenge the business as appropriate.
- Provide both routine and ad-hoc risk report deliverables, including occasional risk-based deep dives into operational processes or risks.
- Independently research market and industry trends to ensure PPM's operational risk framework is market leading and adapting to emerging technologies, tools, and academic research.
- Lead major projects from the PPM Risk Work Plan, including project and resource scoping, determining and delivering on deadlines, and demonstrating leadership across departments.
- Assist and represent Risk in various firm-wide risk management activities as needed, including ad-hoc analysis for front office, and/or portfolio service.
- Lead firm's enterprise risk management approach, including the following:
- Risk Framework and Policy adherence: Partner with the business to ensure that the appropriate governance and oversight is maintained to comply with relevant policies.
- Topical and/or emerging firm risks: Be the point person to design approach for managing topical/emerging risks (i.e. model risk management).
- Lead the firm's valuation risk review and oversight process on behalf of the firm's Valuation Committee.
Skills, Experience and Qualifications:
- Bachelor's Degree in Accounting, Economics, Finance, Mathematics, Statistics or related field required.
- Master's Degree preferred.
- 5+ years of investment management operations, risk, or internal audit experience required.
- Demonstrated track record of success within the operations, risk, or audit function of an investment manager.
- Deep understanding of investment operations, control environments, and risk remediation.
- Solid understanding of risk framework, policies, and standards of an investment manager.
- Solid understanding of investment markets, instruments, and processes.
- Ability to credibly challenge leaders on operational controls, issues, and remediation.
- Advanced ability to synthesize operational risk metrics/analytics into concise, meaningful management information for executive management decision-making.
- Advanced experience with market-leading technologies Aladdin, Bloomberg, Microsoft Office Suite, and data visualization tools.
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 enthusiasm 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
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:
$105,000.00 - $115,000.00. 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.