Investment Analyst - High Yield & Leveraged Loans
About the position 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. About New York Life Investment Management With over \$800 billion in assets under management, NYLIM is a Pensions & Investments' Top 30 Largest Money Manager and one of the largest global asset managers serving institutional, retail and insurance clients. NYLIM brings together the firm’s global investment teams under one unified brand, combining specialized expertise with the strength and stability of New York Life. Our platform is built on disciplined active management, deep investment capabilities and a long-term partnership approach designed to deliver enduring value across market cycles and help clients navigate the next era of investing. More powerful, together, we combine the agility of specialized investment teams with the scale and longevity of a leading mutual institution.
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
- 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.
Nice-to-haves
- MBA or CFA is a plus.
Benefits
- leave programs
- adoption assistance
- student loan repayment programs