What does Export Error 15428006 indicate eMAM Premiere panel?

What does "Export Error 15428006" indicate eMAM Premiere panel?

Export Error 15428006: For eMAM Managed proxy creation, at least one managed transcoding ingest profile needs to be configured: This error appears during export when you select eMAM Managed transcodingas eMAM proxy option and there are no values to select in the drop-down for ingest profile.
  • You needs to pick an Original+Proxy ingest profile to solve this issue.  If this is not an option, please check with your system administrator.