Investment Analyst - High Yield & Leveraged Loans

About the role

New York Life Investment Management (NYLIM) is seeking to add an Investment Analyst to its Global Fixed Income Group - High Yield Corporate Credit Team. Current HY/LL assets under management in the Group’s portfolios is approximately $25 billion and growing. Portfolio strategies include total return and CLO portfolios investing in HY/LL corporate debt across institutional and retail funds.

Responsibilities

• Perform fundamental credit research, investment analysis, and ongoing portfolio surveillance for specific industry sectors in the high yield and leveraged loan credit markets.
• Present investment recommendations to the high yield investment committee for approval.
• Partner with portfolio managers and traders to assess relative value, portfolio fit, and recommended position sizing for purchase and sale decisions.
• Meet with issuer management teams to identify opportunities and conduct due diligence.
• Develop and maintain relationships with research analysts at peers, broker-dealers and the major rating agencies.
• Prepare industry, issuer and portfolio review reports for management as needed.
• Actively monitor holdings in covered names/industries to help drive strong alpha-generating returns, providing timely recommendations with regard to portfolio positioning.

Requirements

• 5-10 years of relevant industry experience with a strong background in credit research with a thorough understanding of leveraged finance.
• BA required; MBA or CFA is a plus.
• Meaningful investment experience with high yield bonds and leveraged loans, preferably in both total return and CLO strategies.
• Well-developed quantitative, analytical, and problem-solving skills.
• Knowledge and experience working with AI.
• Excellent written & oral communication skills.
• Strong team player with the ability to manage and prioritize numerous tasks.

Qualifications

• 5-10 years of relevant industry experience with a strong background in credit research with a thorough understanding of leveraged finance.
• BA required; MBA or CFA is a plus.
• Meaningful investment experience with high yield bonds and leveraged loans, preferably in both total return and CLO strategies.
• Well-developed quantitative, analytical, and problem-solving skills.
• Knowledge and experience working with AI.
• Excellent written & oral communication skills.
• Strong team player with the ability to manage and prioritize numerous tasks.

Skills

• Strong analytical and problem-solving skills.
• Experience with AI tools and technologies.
• Excellent written and verbal communication skills.
• Ability to work independently and as part of a team.

Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Pay

Pay Transparency
Salary Range: $135,000-$195,000
Overtime eligible: Exempt
Discretionary bonus eligible: Yes
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Schedule

Hybrid - 4 days per week

Location

Hybrid - 4 days per week

Company Information

Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Commitment to Inclusion

At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities. Click here to learn more about New York Life’s leadership in this space.

Career Opportunities

To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.