Investment Grade Trader/Portfolio Manager

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • New York Life Insurance Company
  • 19 Jan 19

Investment Grade Trader/Portfolio Manager

New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM's vision is to be one of the most trusted providers of investment management expertise and long-term financial security.

NYL Investors is seeking a highly qualified investment professional to join our Public High Grade Corporate Trading team within our Fixed Income Investors Group. The ideal candidate for this role is an individual with 3+ years of credit trading and portfolio management experience, who performs well independently within a dynamic team culture. This position is based in our midtown Manhattan home office.

Fixed Income Investors (FII) is a multi-product fixed income asset management division of NYL Investors LLC. FII focuses on U.S. dollar-denominated debt in the following asset classes: investment grade credit securities, high yield bonds, senior secured floating rate loans, mortgage-backed, asset-backed and other structured securities, treasuries, agencies, and money market instruments. FII provides a broad array of investment advisory services to affiliated insurance companies' general and separate accounts and other affiliated corporate entities: third-party institutional clients, retail clients, investment companies and other pooled investment vehicles.

The sector specialist will focus on the management and execution of investment grade credit exposures in the firms' outside and separately managed portfolios. The individual must be able to work independently and collaboratively with a group of seasoned professionals. Responsibilities will include but are not limited to:

  • Identify and analyze relative value opportunities which are accretive to portfolio performance.
  • Monitor and analyze credit sector, issuer, and curve positioning.
  • Maintain active dialogue with dealer coverage and traders and share relevant market information internally.
  • Execute credit transactions on behalf of our outside and separately managed portfolios
  • Generate trade allocation for new issue and secondary opportunities across multiple portfolios.
  • Assist with presentations, commentaries, client calls

  • Minimum of a Bachelor's Degree, preferably with a concentration in Finance, Accounting, Math, Economics, Technology, or Engineering
  • 3+ years of credit trading and portfolio management experience (preferably buyside)
  • Excellent written & oral communication skills
  • Ability to work both independently and on a team with multiple reporting lines
  • Experience with Blackrock's Aladdin Portfolio Management system desired
  • Proficiency in Bloomberg, MarketAxess, Microsoft Excel, PowerPoint and Word


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