VP, Structured Finance, MBS, Research & Portfolio Management

PPM America•Chicago, IL

13h•$145,000 - $175,000

About The Position

If you are an internal associate, please login to Workday and apply through Jobs Hub. 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. Fixed Income Portfolio Management The Fixed Income Portfolio Management team is a dynamic group that utilizes a team-based approach. We value differences and unique perspectives and embrace the principle that great ideas can come from anyone. Our team of portfolio managers works closely with the credit research analysts and traders to filter market information and to examine and discuss new investment ideas. Our fixed income portfolio management team leverages strong fundamental credit analysis to form optimal relative value investment ideas. The team is passionate about investment performance and driving results. Our team is fully committed to building strong and lasting relationships with our clients and seeks to gain their trust in everything we do. Job Purpose The VP, Structured Finance, MBS, Research & Portfolio Management is a member of the Fixed Income Portfolio Management team, and has broad knowledge of mortgage-backed securities (MBS). Coverage includes agency MBS, non-agency RMBS, and housing and mortgage fundamentals.

Requirements

Specific structured finance and/or MBS knowledge strongly preferred.
Strong analytical skills required.
Knowledge of Intex modeling preferred.
Strong communication skills, with ability to articulate recommendations in written and verbal form.
Excellent interpersonal skills.
Ability to handle multiple assignments and work independently within deadlines.
Excellent Microsoft Office skills, with advanced working knowledge of Excel.
Bachelor's Degree , preferably in Finance, Accounting, Economics, Mathematics, or a related field, required.
8+ years of experience in fixed income required.

Nice To Haves

Master's Degree preferred.
Chartered Financial Analyst (CFA) preferred.

Responsibilities

Analyzes and recommends MBS investment opportunities to various portfolio mandates, conveying rich and/or cheap themes.
Responsible for daily analysis and portfolio management of agency MBS, and identifies and recommends portfolio positioning adjustments across coupons and product types.
Provides strong coverage of non-agency RMBS opportunities, performing timely credit reviews of investment opportunities and disseminating relevant portfolio recommendations.
With emphasis on the non-QM sector within the non-agency RMBS market, provides expertise on the various loan types and their unique characteristics.
Monitors the non-agency RMBS portfolio, including ongoing review of collateral performance, credit enhancement, quality of servicers, prepayments, and produce scenarios applying various economic outcomes.
Closely follows research and analytics from prominent sell-side fixed-income research teams, to enhance internal credit and portfolio functions based on knowledge gained.
Tracks mortgage, housing, and consumer credit trends that impact the fundamentals of the MBS investable universe.
Maintains relationships with investment banks, rating agencies, issuers and servicers, and performs recurring diligence as needed.
Performs other duties and/or projects as assigned.

Benefits

At PPM, we offer volunteer 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.
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.
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