Floating Rate Bank Loan/High Yield Bond Trader


Posting Date: Sep 21, 2023

Location: New York, NY, US

Company: New York Life Insurance Co

Location Designation:  



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. 



New York Life Investments, part of a $600+ billion investment management organization is seeking to add a floating rate bank loan and high yield bond trader to its High Yield Credit Group.  Current assets under management in the Group’s portfolios exceed $25 billion and are growing.  Portfolio strategies include institutional accounts, total return funds, and CLO portfolios investing in leveraged loans, high yield corporate debt and CLO tranches.

Responsibilities of the position include:


  • Diligence and execute daily trading activities in non-investment grade credit with a focus on best execution.
  • Highlight trading opportunities for relative value, yield and total return.
  • Work with the portfolio managers and credit analysts to execute purchase and sale recommendations.
  • Monitor existing portfolio holdings for performance and offer timely recommendations about portfolio positioning.
  • Develop and enhance relationships with sell-side broker-dealers and trading professionals at other firms.
  • Coordinate with operations team and NYL counterparties overseeing timeliness of trade settlements.
  • Oversee the production of trading review reports for management, as needed.


Requirements of the position include:

  • 7+ years of relevant industry experience with a strong background in floating rate loan and/or high yield bond trading with a thorough understanding of leveraged finance assets and markets.
  • Strong knowledge and understanding of settlement operations and processes.
  • Bachelor’s degree required; MBA or CFA is a plus.
  • Meaningful trading and investment experience with leveraged loans and/or high yield bonds, in SMA, CLOs or total return portfolios is preferred.



Salary range: $157,500-$237,500 

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 www.NewYorkLife.com.

Job Requisition ID: 89405






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

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