Portfolio Manager Fixed Income Investment Grade Credit

New York Life • New York, NY

113d • $150,000 - $200,000

About The Position

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.

Requirements

• 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.

Responsibilities

• 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.

Benefits

• Full package of benefits for employees including leave programs, adoption assistance, and student loan repayment programs.
• Annual discretionary bonus eligibility.
• Incentive program participation eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees