Director, Fixed Income Investment Analysis and Risk

Job Description

Investment Risk Director | New York Life Insurance Company

The Tone:
This is a full-time, Director-level role at New York Life Insurance Company, located in a hybrid capacity requiring 4 days per week in the office. New York Life Investment Management (NYLIM) manages over $800 billion in assets, serving institutional, retail, and insurance clients through disciplined active management and deep investment capabilities. This position is vital for leading independent investment analysis, manager due diligence, and comprehensive portfolio risk oversight across public and private fixed income strategies within the Investment Oversight Group. The role demands a hands-on professional who can identify material issues, form independent conclusions, and present clear findings to senior management and governance bodies.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Hybrid, New York, NY
• Pay: $137000–$195500 yearly
• Team: Investment Oversight Group within New York Life Investment Management
• Mission: This person leads independent investment analysis, manager due diligence, and portfolio risk oversight for fixed income strategies across the investment platform.
• Tech Stack: Bloomberg, FactSet, Aladdin, Yield Book, Intex, Python, SQL, Advanced Excel

What You’ll Actually Do
• Investment Review: Lead recurring and event-driven reviews of public and private fixed income strategies, establishing scope for evaluating performance, positioning, and risk.
• Information Oversight: Oversee and validate source information, material assumptions, and reconcile conclusions to underlying exposures, identifying data or control issues.
• Market Monitoring: Monitor significant market, issuer, portfolio, and manager developments, initiating additional analysis and escalating material issues to senior leadership with actionable recommendations.
• Manager Due Diligence: Conduct thorough manager and strategy due diligence, assessing investment philosophy, underwriting, research, decision-making, and risk controls for complex credit strategies.
• Advanced Analytics: Apply advanced analytics, automation, and AI tools to improve investment review, due diligence, and risk monitoring processes, developing repeatable analytical methods.

The Must-Haves
• Background: Director-level role requiring an MBA, a master’s degree in a quantitative discipline, or a CFA designation, coupled with strong knowledge of fixed income, credit fundamentals, capital structures, and portfolio risk.
• Experience: Minimum 5+ years of relevant experience in fixed income investing, credit research, manager research, or investment risk. Must include hands-on experience analyzing fixed income portfolios and working directly with portfolio and transaction-level data on an institutional platform.
• Skills: Strong financial statement, cash flow, credit, and valuation analysis skills are essential, alongside sound investment judgment, intellectual curiosity, technical depth, and clear written and oral communication for senior leadership.
• Bonus: Preferred experience in securitized, asset-backed, private, distressed, or opportunistic credit strategies, proficiency with tools like Bloomberg, Aladdin, Python, or SQL, and experience in structural analysis, covenant review, or private asset valuation.