Investment Analyst - High Yield & Leveraged Loans

New York Life•New York, NY

11h•$137,000 - $195,500•Hybrid

About The Position

New York Life Investment Management (NYLIM) is seeking an Investment Analyst to join its Global Fixed Income Group’s High Yield Corporate Credit Team. The group has approximately $25 billion in high-yield and leveraged-loan assets under management, with total-return and CLO strategies investing in high-yield and leveraged-loan corporate debt across institutional and retail funds. The analyst will conduct fundamental credit research, investment analysis, and ongoing portfolio surveillance for assigned industry sectors in high-yield and leveraged-loan credit markets. The role works with portfolio managers and traders to evaluate relative value, portfolio fit, and position sizing, and presents investment recommendations to the high-yield investment committee. It also includes meeting with issuer management teams, maintaining relationships with market research contacts, preparing reviews, and monitoring holdings to support portfolio positioning and returns. The role is based in New York, New York, with a hybrid designation requiring four days per week. The salary range is $137,000–$195,500, and the position is eligible for an annual discretionary bonus and may be eligible for an incentive program.

Requirements

5–10 years of relevant industry experience, with a strong background in credit research and a thorough understanding of leveraged finance.
Bachelor of Arts (BA) degree required.
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 and oral communication skills.
Strong team-player skills and the ability to manage and prioritize numerous tasks.

Nice To Haves

MBA or CFA.
Experience with high-yield bonds and leveraged loans in both total-return and CLO strategies.

Responsibilities

Perform fundamental credit research, investment analysis, and ongoing portfolio surveillance for assigned industry sectors in 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 peer firms, broker-dealers, and major rating agencies.
Prepare industry, issuer, and portfolio review reports for management as needed.
Actively monitor holdings in covered names and industries and provide timely recommendations on portfolio positioning to help drive alpha-generating returns.