MD / Lead Multi Asset Portfolio Manager -

Financeroles; New York (NY); Hybrid; USD 240,000 - 330,000; Full time

Benefits offered by this job

Leave programs

Adoption assistance

Student loan repayment

Job summary

New York Life Investment Management seeks a Senior Portfolio Manager to lead multi-asset portfolios with over $11 billion in AUM. The role emphasizes asset allocation, portfolio construction, and a framework-driven investment process in a collaborative, high-performance team.

Hybrid work arrangement and a base salary in the $240k–$330k range with discretionary bonuses are offered. Candidates should demonstrate deep macro and cross-asset strategy expertise, leadership of investment professionals,

Qualifications

• 15+ years of investment management experience.
• Deep expertise in asset allocation and cross-asset portfolio construction.
• Demonstrated experience managing and developing investment professionals in a senior leadership capacity.
• Commercially minded and relationship-driven; builds trust quickly across diverse stakeholders.
• Polished communicator with the ability to represent investment strategy credibly in client meetings and investment discussions.
• Track record of building or significantly improving investment processes and frameworks.
• Experience working with quantitatively oriented investment teams and bridging quantitative methods with qualitative investment judgment.

Responsibilities

• Serve as a portfolio manager for more than $11 billion in multi-asset portfolios, directing asset allocation, portfolio positioning, and investment decision-making while looking for opportunities to grow the portfolio.
• Own the asset allocation philosophy and process, bringing a qualitative, macro-aware perspective to complement quantitative investment capabilities.
• Establish clear investment processes and decision-making frameworks that create structure, scalability, and consistency.
• Maintain overall investment accountability, including oversight of portfolio construction standards, risk management, and investment implementation.
• Partnering with the MAS Portfolio Managers, institutional distribution and NYLIM portfolio managers to develop and execute a deliberate strategy to expand MAS’s capabilities to serve institutional investors, including but not limited to: building out institutional-grade portfolio management capabilities, developing a compelling institutional narrative, and ensuring the team presents credibly and effectively to sophisticated allocators
• Drive continuous improvement in investment processes, with a focus on scalability, repeatability, and investment excellence.
• Champion the adoption of AI and agentic AI tools across the investment process, including portfolio construction, research synthesis, and operational efficiency.
• Serve as a client-facing representative, presenting investment strategy, portfolio positioning, and performance outcomes.]
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• 2026-10-08 00:00:00
• New York Life Investment Management
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• salary_estimation_cot:Salary bands for Senior Portfolio Manager in New York with 15+ years in investment management; range stated 240k–330k; market norms and discretionary bonus considered.
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Skills

Investment management experience

Asset allocation

Portfolio construction

Leadership

Communication

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.

The Senior Portfolio Manager will provide strategic leadership and oversight of a range of multi-asset portfolios with over $11 billion in AUM. This individual will lead asset allocation, portfolio construction, and investment decision-making while fostering a high-performing, collaborative team culture.

The successful candidate will bring deep expertise in cross-asset portfolio construction, a strong framework-driven investment approach, and the ability to develop the teams institutional capabilities.

Key Responsibilities

• Serve as a portfolio manager for more than $11 billion in multi-asset portfolios, directing asset allocation, portfolio positioning, and investment decision-making while looking for opportunities to grow the portfolio.
• Own the asset allocation philosophy and process, bringing a qualitative, macro-aware perspective to complement quantitative investment capabilities.
• Establish clear investment processes and decision-making frameworks that create structure, scalability, and consistency.
• Maintain overall investment accountability, including oversight of portfolio construction standards, risk management, and investment implementation.
• Partnering with the MAS Portfolio Managers, institutional distribution and NYLIM portfolio managers to develop and execute a deliberate strategy to expand MAS’s capabilities to serve institutional investors, including but not limited to: building out institutional-grade portfolio management capabilities, developing a compelling institutional narrative, and ensuring the team presents credibly and effectively to sophisticated allocators
• Drive continuous improvement in investment processes, with a focus on scalability, repeatability, and investment excellence.
• Champion the adoption of AI and agentic AI tools across the investment process, including portfolio construction, research synthesis, and operational efficiency.
• Serve as a client-facing representative, presenting investment strategy, portfolio positioning, and performance outcomes.

Qualifications

• 15+ years of investment management experience, with meaningful exposure to multi-asset portfolio management and macro strategy.
• Deep expertise in asset allocation and cross-asset portfolio construction with strong, differentiated views on investment strategy.
• Demonstrated experience managing and developing investment professionals in a senior leadership capacity.
• Commercially minded and relationship-driven; builds trust quickly across diverse stakeholders
• Polished communicator with the ability to represent investment strategy credibly in client meetings and investment discussions.
• Track record of building or significantly improving investment processes and frameworks.
• Experience working with quantitatively oriented investment teams and bridging quantitative methods with qualitative investment judgment.
• Strong framework orientation with the ability to build repeatable, scalable investment processes.
• Active interest in and commitment to leveraging AI and agentic AI capabilities across portfolio construction, research, and investment workflows.
• Skilled at building trust with internal stakeholders and peer portfolio managers and acting as a connective tissue across the investment organization.

Job Level: LEVEL MD

Pay Transparency

Salary Range:$240,000 - $330,000

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. 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. 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.