Trading Assistant – High Yield Credit Group

New York Life Investments (NYLIM), an indirect, wholly owned subsidiary of New York Life Insurance Company, is a top 25 global asset management firm. With more than $500 billion in assets under management, NYLIM is a premier investment management firm serving a variety of client segments including retail, institutional, insurance and defined contribution and benefit on a global basis. New York Life Investments offers a diverse set of investment capabilities ranging from traditional equity and fixed income to alternative investment strategies and multi-asset solutions. Renowned for its premier investment acumen and client focus, NYLIM’s vision is to be one of the most trusted providers of investment management expertise and long-term financial security.

A $200+ billion asset management organization is seeking to add a Trading Assistant to its High Yield Corporate Credit Group. Current assets under management in the Group’s portfolios exceed $13 billion and are growing. Portfolio strategies include institutional, total return, and CLO portfolios investing in high yield corporate debt and floating rate loans.

Responsibilities of the position are as follows:

• Support the traders and portfolio managers by executing trade entry, settlement, and discrepancy resolution
• Undertake daily market research to support trading activity across multiple investment strategies
• Prepare and maintain position reports, liquidity reports, etc.
• Conduct technical research as directed by the traders
• Develop dialogue with broker/dealer counterparties ultimately leading to direct trading responsibility

Requirements of the position include:

• 2-4 years of relevant industry experience with a strong quantitative background
• BA required
• Familiarity with floating rate loans is a plus
• Familiarity with BlackRock Solutions Aladdin trading/reporting system is a plus

The firm offers a competitive compensation package, a flexible benefits program, 401(k) with company match, a tuition assistance program, an on-site fitness center, a back-up child care center, and many other attractive benefits.

We are proud to be an equal opportunity employer. M/F/D/V.

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