Investment Director – High Yield and Leveraged Loans Blog Post

Allocator Jobs; New York (NY); On-site; USD 120,000 - 200,000; Full time

Job summary

An established industry player in asset management is seeking an Investment Director for its High Yield and Leveraged Loans team. This role involves conducting in-depth credit research, presenting investment recommendations, and collaborating with portfolio managers to optimize investment strategies. With a focus on high yield corporate debt and leveraged loans, you'll play a crucial role in managing significant assets and driving financial success for clients. Join a company that values diversity and offers a comprehensive benefits package, including unique offerings for a modern workforce, ensuring you thrive both professionally and personally.

Benefits

Discretionary Bonus

Leave Programs

Adoption Assistance

Student Loan Repayment Programs

Qualifications

• 6-10 years of experience in credit research and leveraged finance.
• Strong quantitative and analytical skills are essential.

Responsibilities

• Conduct credit research and investment analysis in high yield markets.
• Prepare portfolio review reports and monitor performance.

Skills

Credit Research

Analytical Skills

Problem-Solving

Team Collaboration

Education

Bachelor's Degree

MBA

CFA

Job description

Investment Director – High Yield and Leveraged Loans

January 5, 2025

Type of Role: Investments

Experience Level: VP/Principal/Director

Location: New York City, New York

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations.

New York Life Investments, part of a $700+ billion investment management organization, is seeking to add an Investment Analyst to its High Yield Corporate Credit Group. Current assets under management in the Group’s portfolios exceed $25 billion and are growing. Portfolio strategies include institutional, total return, and CLO portfolios investing in high yield corporate debt, CLO tranches, and leveraged loans.

What You’ll Do:

• Perform credit research, investment analysis, and portfolio surveillance for specific industry sectors in the high yield and leveraged loans credit markets.
• Present investment recommendations to the high yield credit committee for approval.
• Work with the portfolio managers to execute purchase and sale transactions.
• Develop and enhance relationships with broker-dealers.
• Meet with issuer management teams to source opportunities and conduct due diligence.
• Prepare portfolio review reports for management.
• Monitor existing portfolio holdings for performance and offer timely recommendations with regard to portfolio positioning in covered industries.

What You’ll Bring:

• 6-10 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 leveraged loans and/or high yield bonds, in CLOs and total return portfolios is preferred.
• Well-developed quantitative, analytical, and problem-solving skills.
• Strong team player with the ability to manage and prioritize numerous tasks.

Pay Transparency

Salary Range: $120,000-$200,000

Discretionary bonus eligible: Yes

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.

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.

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture.

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.