New York Life Insurance Company

Investment Analyst - High Yield & Leveraged Loans

Posted 8 Days Ago

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New York, NY, USA

Hybrid

135K-195K Annually

Senior level

Artificial Intelligence • Cloud • Fintech • Information Technology • Insurance • Financial Services • Big Data Analytics

The Role

Conduct fundamental credit research and portfolio surveillance for high yield and leveraged loan sectors. Recommend investments, present to the investment committee, work with PMs/traders on relative value and sizing, meet issuers, maintain external research relationships, and prepare industry/portfolio reports to drive alpha and inform portfolio positioning.

Summary Generated by Built In

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.

#LI-AM1
Job Level: LEVELPF4
Pay Transparency
Salary Range: $135,000-$195,000
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 hereto 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.
Job Requisition ID: 94186
#BI-Hybrid

Skills Required

5-10 years of relevant industry experience with strong background in credit research and leveraged finance.
BA degree
MBA or CFA
Investment experience with high yield bonds and leveraged loans
Experience in total return and CLO strategies
Well-developed quantitative, analytical, and problem-solving skills
Knowledge and experience working with AI
Excellent written and oral communication skills
Strong team player with ability to manage and prioritize numerous tasks

What the Team is Saying

New York Life Insurance Company Compensation & Benefits Highlights

Retirement Support — The package includes a 401(k) with company match alongside a defined‑benefit pension for many eligible roles, with contributions and the match vested from day one. That increasingly rare combination strengthens long‑term financial security.
Parental & Family Support — Paid New Parent leave was doubled to eight weeks for all parents, with birthing parents typically reaching up to about fourteen paid weeks when combined with short‑term disability. The offering also highlights fertility support, adoption assistance, and subsidized backup childcare.
Healthcare Strength — Medical, dental, and vision coverage are paired with spending accounts, life and disability insurance, and an EAP, with some plans including a company‑funded HRA and wellness incentives. Additional resources such as virtual care and digital physical therapy are noted.

Learn more about New York Life Insurance Company's Compensation & Benefits →

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The Company

HQ: New York, NY

12,000 Employees

Year Founded: 1845

What We Do

At New York Life, our 180-year legacy of integrity, mutuality, and financial strength fuels a future defined by bold transformation. As the largest mutual life insurance company in the U.S., we operate on behalf of our policy owners—not shareholders. That structure allows us to take a long-term view, investing in people, purpose, and innovation that endures. Guided by a clear enterprise vision to become a technology-, data-, and AI-powered company, we’re modernizing our platforms, rearchitecting experiences, and embedding intelligence across our products and services. Our mission has always been about helping people through life’s most meaningful moments. Today, technology is amplifying that mission—enabling us to serve clients, advisors, and communities in more personalized, proactive ways. With a diversified business portfolio spanning insurance, investments, retirement, group benefits, and direct-to-consumer offerings, New York Life delivers the stability of a Fortune 100 company with the agility of one that’s continuously evolving. We’re powered by a values-led culture, inclusive teams, and a shared belief that when our people thrive, so does our company. Here, tradition fuels momentum—and your ideas, energy, and growth power what’s next.

Why Work With Us

New York Life is transforming from the inside out—blending 180 years of trust with the velocity of innovation. What makes us different is our culture: grounded in integrity, humanity, and shared success—values that show up in how we work, lead, and grow. If you want a place where innovation has purpose—build what's next with us.