Director, Risk Manager​/Analyst, Finance & Banking

Location Designation:
Hybrid - 4 days per week

With over $800 billion in assets under management, NYLIM is a Pensions & Investments' Top 30 Largest Money Manager and one of the largest global asset managers serving institutional, retail and insurance clients.

NYLIM brings together the firm’s global investment teams under one unified brand, combining specialized expertise with the strength and stability of New York Life.

Our platform is built on disciplined active management, deep investment capabilities and a long-term partnership approach designed to deliver enduring value across market cycles and help clients navigate the next era of investing.

More powerful, together, we combine the agility of specialized investment teams with the scale and longevity of a leading mutual institution.

Business Unit:
New York Life Investment Management

Department:
Investment Oversight Group

Level: PF5

The Director will serve as a senior fixed income specialist within the Investment Oversight Group, leading independent investment analysis, manager due diligence, portfolio risk oversight, and ongoing review across public and private fixed income strategies.

The role requires a hands‑on investment professional who can work directly with portfolio and transaction‑level information, identify material issues, form independent conclusions, and present clear findings to senior management and governance bodies. The Director will determine the appropriate scope of analysis, challenge investment teams constructively, and take responsibility for work from initial review through final conclusion.

The position will focus on complex credit, with a preference for experience in securitized and asset backed credit, private credit, or distressed and opportunistic strategies. It offers broad exposure across a multi‑manager investment platform and the opportunity to influence portfolio oversight, product and mandate decisions, transaction diligence, and investment governance.

Lead recurring and event‑driven reviews of public and private fixed income strategies. Establish the scope, priorities, and approach for evaluating performance, portfolio positioning, credit quality, interest rate and spread risk, liquidity, leverage, concentration, and results relative to objectives, benchmarks, and peers.

Work directly with holdings, performance, risk, and transaction‑level data. Oversee and validate source information and material assumptions, reconcile conclusions to underlying exposures, and identify data or control issues that could affect the analysis.

Monitor significant market, issuer, portfolio, and manager developments. Determine their effect on the investment thesis and portfolio risk, initiate additional analysis, and escalate material issues to senior leadership and governance committees with actionable recommendations.

Conduct manager and strategy due diligence, including assessment of investment philosophy, underwriting, research, decision‑making, portfolio construction, risk controls, team capabilities, and organizational stability.

Evaluate complex credit strategies with attention to underwriting, collateral, structural protections, documentation, valuation, downside risk, liquidity, and recovery outcomes. For private and distressed investments, assess covenant protections, capital structure, restructuring risk, and exit assumptions.

Develop independent conclusions by testing manager representations against available evidence and identifying unanswered questions. Prepare concise, decision‑ready materials for senior management, committees, and boards. Take responsibility for the accuracy, timeliness, and clarity of final work products.

Lead the evaluation of new strategies, products, mandates, and strategic transactions. Develop consistent monitoring methods, escalation standards, and quality controls for fixed income oversight.

Use advanced analytics, automation, and AI tools to improve investment review, due diligence, and risk monitoring. Apply scenario analysis, stress testing,…