Assistant Portfolio Associate


Posting Date: Apr 9, 2024

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation: Hybrid - 3 days per week 



When you join New York Life Investments, a wholly owned subsidiary of New York Life Insurance Company, you are joining a global investment company with a long history and passion for career development, innovation, collaboration, and diversity, equity and inclusion. We want employees to feel proud about being part of a company that is committed to doing the right thing. Through various resources and programs, you can grow your career while developing personally and professionally. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

As a top 25 global asset management firm with more than $600 billion in assets under management, we have an important mission: to help build a better financial future for our clients, our employees, and our communities. We invite you to bring your talents to New York Life Investments, so we can continue to help people achieve their financial aspirations. 



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.


Job Responsibilities:

  • 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.


  • An undergraduate degree is required preferably with a concentration in Finance, Economics, Math, Technology, Science, Accounting.
  • 2-5 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.




Salary range: $70,000-$105,000 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 


Click here to learn more about our benefits. Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required.



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 the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses “Be Good At Life.” To learn more, please visit LinkedIn, our Newsroom and the Careers page of

Job Requisition ID: 90100






Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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