Portfolio Manager Fixed Income Investment Grade Credit

New York Life Investments International; New York (NY); Hybrid; USD 150,000 - 200,000; Full time

Job summary

A leading investment management organization is seeking a skilled Portfolio Manager for their Fixed Income team. The role involves managing a substantial portfolio of corporate bonds, developing investment strategies, and collaborating with analysts in a dynamic environment. Candidates should have a strong background in finance and proven portfolio management skills to effectively navigate market conditions.

Benefits

Comprehensive benefits package

Adoption assistance

Student loan repayment programs

Qualifications

• 4–8 years of experience in investment grade corporate credit portfolio management required.
• Proven ability to evaluate corporate credit and identify relative value opportunities.
• Strong analytical, communication, and collaboration skills necessary.

Responsibilities

• Develop and implement portfolio strategies aligned with institutional client mandates.
• Conduct sector and issuer-level credit reviews to support investment decisions.
• Monitor macroeconomic trends and their potential impact on portfolio performance.

Skills

Risk Management

Analytical Skills

Communication Skills

Education

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

CFA or progress toward designation

Tools

Aladdin

Bloomberg

Microsoft Office Suite

Job description

Join to apply for the Portfolio Manager Fixed Income Investment Grade Credit role at New York Life Investments

Join to apply for the Portfolio Manager Fixed Income Investment Grade Credit role at New York Life Investments

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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 portfolio manager to join our Public High Grade Corporate Credit team within our Fixed Income Investors (FII) Group. The Public High-Grade Credit Group is responsible for a portfolio of over $95 billion Corporate bonds. Fixed Income Investors is a multi-product fixed income asset management division of NYL Investors LLC. 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

• Develop and implement portfolio strategies aligned with institutional client mandates.
• Construct diversified and durable portfolios of investment grade corporate bonds with consideration for credit quality, duration, yield, and sector allocation.
• Manage exposures to ensure portfolio integrity and performance across market conditions.
• Conduct sector and issuer-level credit reviews to support investment decisions.
• Monitor macroeconomic trends and their potential impact on portfolio performance.
• Track portfolio performance relative to benchmarks, and conduct attribution analysis to identify return drivers (e.g., sector allocation, security selection).
• Prepare and present regular portfolio performance reports to senior management.
• Collaborate with credit analysts and traders to evaluate the credit worthiness of corporate issuers, assess relative value opportunities, liquidity and security selection.
• Maintain and strengthen relationships with broker-dealer partners and trading counterparties.
  
  

What You’ll Bring

• Bachelor’s degree in finance, economics, or a related field; CFA or progress toward designation is a plus.
• 4–8 years of experience in investment grade corporate credit portfolio management.
• Proven ability to evaluate corporate credit, identify relative value opportunities and contribute to performance optimization.
• Strong risk management skills with experience operating within defined portfolio guidelines.
• Proficiency with key investment tools and platforms, including Aladdin, Bloomberg, and Microsoft Office Suite (Excel, PowerPoint, Word).
• Demonstrated success managing complex, multi-line portfolios in a fast-paced institutional environment.
• Strong analytical, communication, and collaboration skills, with the ability to engage effectively with internal teams and external partners.
  
  

Pay Transparency

Salary Range: $150,000-$200,000

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: 91960

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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