Institutional Fixed Income Trader

New York Life Investments; New York (NY); Hybrid; USD 90,000 - 130,000; Full time

Job summary

New York Life Investments is seeking an Institutional Fixed Income Trader to manage short-term liquidity strategies and backup trading for mortgage products. Candidates should have a strong finance background, relevant trading experience, and excellent analytical and communication skills. The firm offers a hybrid work environment, competitive salary, and a comprehensive benefits package.

Benefits

Leave programs

Adoption assistance

Student loan repayment programs

Qualifications

• 2–4 years of fixed income trading experience required.
• CFA or progress toward designation is a plus.
• Ability to engage effectively with internal teams and external partners.

Responsibilities

• Manage cash position for various investment funds.
• Execute daily trading of commercial paper and U.S. Treasury securities.
• Monitor and share short-term market insights.

Skills

Analytical skills

Communication

Collaboration

Education

Bachelor’s degree in finance, economics, or related field

Tools

Aladdin

Bloomberg

MarketAxess

Tradeweb

Microsoft Office Suite

Job description

Join to apply for the Institutional Fixed Income Trader role at New York Life Investments

Join to apply for the Institutional Fixed Income Trader role at New York Life Investments

Location Designation: Hybrid - 4 days per week

Our New York Life culture has laid the foundation for over 180 years of commitment to our employees, agents, policy owners, and the communities where we live and work. Here you become a valued part of a welcoming, inclusive, and caring organization with a long-standing legacy in stability and growth. The strength revolves around our diversified, multi-dimensional business portfolio that goes beyond life insurance.

As a Fortune 100 company and industry leader, we provide an environment where you can explore your career ambitions, offering opportunities to tackle meaningful challenges and stretch your skills while balancing work and life priorities. You will be part of an inclusive team guided by our belief to always be there for each other–providing the support and flexibility to grow and reach new heights while making an impact in the lives of others.

You are our future, and we commit to investing in you accordingly.

New York Life Investments, part of a $700+ billion investment management organization is seeking a qualified Institutional Fixed Income Trader to join our Fixed Income Investors (FII) Group to manage the firms short term liquidity strategies and provide critical backup for mortgage product trading. FII focuses on U.S. dollar-denominated debt in 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.

What You’ll Do

• Manage cash position for New York Life general account, mutual funds and 2(a)7 money market funds.
• Execute daily trading of commercial paper, money market instruments, repo, and short-term U.S. Treasury securities.
• Ensure accurate trade execution meeting investment objectives within the scope of guidelines.
• Monitor and share short term market insights, trends and liquidity to inform investment decisions.
• Collaborate with Portfolio Managers concerning investment strategies and results.
• Maintain and strengthen relationships with broker-dealer partners and trading counterparties.
• Provide backup trading coverage for Mortgage-Backed Securities, US Treasurys, and investment-grade corporate credit.
  
  

What You’ll Bring

• Bachelor’s degree in finance, economics, or a related field; CFA or progress toward designation is a plus.
• 2–4 years of fixed income trading experience
• Strong analytical, communication, and collaboration skills, with the ability to engage effectively with internal teams and external partners.
• Proficiency with key investment tools and platforms, including Aladdin, Bloomberg, MarketAxess, Tradeweb and Microsoft Office Suite (Excel, PowerPoint, Word).
  
  

Pay Transparency

Salary Range: $90,000-$130,000

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.

Our 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.

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.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

Visit our LinkedIn to see how our employees and agents are leading the industry and impacting communities.

Visit our Newsroom to learn more about how our company is constantly evolving to meet our clients' and employees’ needs.

Job Requisition ID: 91959

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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