Investment Analyst - High Yield & Leveraged Loans

New York Life; New York (NY); Hybrid; USD 137,000 - 196,000; Full time

Job summary

New York Life Investment Management (NYLIM) is seeking an Investment Analyst to join the Global Fixed Income Group – High Yield Corporate Credit Team. The role focuses on fundamental credit research, portfolio surveillance, and presenting recommendations to the high yield committee.

Ideal candidates have 5–10 years in credit research, with experience in high yield bonds and leveraged loans, plus exposure to CLOs and quantitative analysis. Collaboration with PMs and analysts is essential.

Qualifications

• 5-10 years of relevant industry experience with credit research.
• 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.

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.

Skills

Credit research

Leveraged finance

High yield bonds

Quantitative analysis

AI knowledge

Education

BA degree

MBA or CFA (adv.)

Job description

Location Designation: Hybrid - 4 days per week

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.

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.

What You’ll Do:

• 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.

What You’ll Bring:

• 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.

Job Level: LEVELPF5

Pay Transparency

Salary Range: $137,000-$195,500

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.

• leave programs
• adoption assistance
• student loan repayment programs

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.

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.

Job Requisition ID: 94186