Assistant Portfolio Associate

Location Designation:Hybrid - 4 days per week

The General Account Portfolio Management team, within the Office of the Chief Investment Officer, is seeking to fill a junior level Portfolio Manager role to support all aspects of the portfolio management function. The role entails a blend of managing supporting processes around portfolio and data management and involvement in managing day-to-day activities of portfolios. It offers a unique opportunity to simultaneously learn the asset management business, various fixed income/alternative asset classes and liability driven investment management.

The individual will work closely with other team members on improving the current processes for managing the General Account portfolio. The individual is expected to rapidly advance to make longer term contributions on strategic and tactical portfolio decisions.

What You'll Do:

• Assist team members with ongoing relative value, portfolio sector, attribution, and risk analysis
• Maintain, enhance, and run key investment processes and models for the multi-sector General Account portfolio management team including relative value dashboard, cash and liquidity process, generation of orders for the desk, transaction monitoring, etc.
• Monitoring and ensuring compliance with investment guideline requirements
• Assist in preparation of business units and senior management presentations
• Assist in developing more robust process around data management and reporting on portfolio characteristics such as positioning, risk, and trades.
• Collaborate with Portfolio Solutions, Risk and ALM teams to further integrate models, investment strategies and analysis into the PM process.

What You'll Bring:

• An undergraduate degree is required preferably with a concentration in Finance, Economics, Math, Technology, Science, Accounting.
• 2-4 years of financial services experience at an insurance or investment management company
• Strong understanding of insurance products, liabilities and product pricing, asset allocation and/or fixed income markets preferred.
• Applicant should be intellectually curious, self-motivated, detail-oriented, and possess strong communication skills.
• Ability to work both independently and within a diverse team that collaborates across the organization.
• Fluent using Excel, PowerPoint, and Word. Programming in VBA, SQL and experience with large data sets would be a plus
• Excellent written and oral communication skills.
  
  

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Pay Transparency

Salary Range:$85,000-$115,000

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 theFoundation.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.

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Job Requisition ID: 92359