Hybrid CLO Tranche Investment Analyst

New York Life Insurance Co.; New York (NY); Hybrid; USD 115,000 - 165,000; Full time

Benefits offered by this job

Comprehensive benefits package

Job summary

New York Life Investment Management is seeking a CLO Tranche Investment Analyst for its Global Fixed Income Group. You’ll analyze debt tranches (AAA–BB) of CLOs, assess downside risk, and build cash flow models to support investment decisions across primary and secondary markets.

You will model scenarios, evaluate structural features, monitor credit quality, and prepare concise memos for investment committees, collaborating with portfolio managers in a fast-paced, performance-driven environment.

Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics or related field; CFA or progress toward CFA preferred.
• 2–6+ years in structured credit, CLO debt investing, or leveraged finance on buy/sell side.
• Strong understanding of CLO debt tranche mechanics and downside risk drivers.
• Proficiency with CLO modeling and analytics tools (Intex, Bloomberg, or models).

Responsibilities

• Analyze CLO debt tranches (AAA–BB) focusing on downside protection and cash flow stability.
• Model tranche cash flows under base and stressed scenarios including defaults and recoveries.
• Evaluate CLO structural features, tests, triggers, and reinvestment constraints.
• Monitor loan portfolio credit quality and industry risk; perform relative value analysis.
• Prepare investment memos and presentations for investment committees.
• Support primary market analysis by reviewing documents and manager track records.

Skills

Analytical skills

Communication (verbal/written)

Education

Bachelor’s degree in Finance/Economics/Mathematics

CFA or progress toward CFA preferred

Tools

Intex

Bloomberg

Excel

Python

VBA

SQL

Job description

New York Life Investment Management is seeking a CLO Tranche Investment Analyst for its Global Fixed Income Group. You’ll analyze debt tranches (AAA–BB) of CLOs, assess downside risk, and build cash flow models to support investment decisions across primary and secondary markets.

You will model scenarios, evaluate structural features, monitor credit quality, and prepare concise memos for investment committees, collaborating with portfolio managers in a fast-paced, performance-driven environment.