Managing Director, Client Portfolio Management

Location Designation: Hybrid - 4 days per week 

 

About New York Life Investment Management 

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.

With over 60 years in business, New York Life Private Fixed Income (“NYL PFI”) is the Private Placement and Asset Backed investment arm of New York Life Investment Management (“NYLIM”), which is a wholly owned subsidiary of New York Life Insurance Company (“New York Life”). NYLIM currently has approximately $800 billion in assets under management of which NYL PFI currently has over $100 billion of private placement and asset backed assets under management.

NYL PFI is a leading capital provider in the private placement and asset backed finance industries The primary focus of NYL PFI is the origination and management of corporate and infrastructure related debt investments across a variety of sectors, including expertise in sports, REIT, healthcare and utility industries.  NYL PFI also originates and manages structured debt solutions for consumer, commercial and residential mortgage related assets via our asset backed finance capabilities.

The Client Portfolio Manager will be based in NYL PFI’s New York office. This role serves as the client-facing investment representative for our NYL PFI platform, partnering closely with Origination/Underwriting, Trading/Structuring, Operations, Legal, Distribution and Client Service.  The primary focus for this individual is to play a lead role in managing NYL PFI’s third party asset management initiative including primary responsibilities for partnering on business development, client servicing, portfolio management/reporting, and closing new client relationships geared specifically toward growing AUM. 

The candidate should be a seasoned asset management professional with strong credit skills, and experience in third party client interaction.  The individual should have demonstrated success in managing third-party asset clients, delivering portfolio/market insights, and supporting growth and retention through best-in-class servicing, reporting, and due diligence support.

ESSENTIAL DUTIES AND RESPONSIBILITIES 

The key responsibilities for the role will be as follows:

• Primary coverage for third-party clients (including public and private pension funds, Taft-Hartley funds, insurance companies, private wealth managers, endowments, and foundations): lead/coordinate review meetings, portfolio updates, and ongoing relationship management with overall goal to grow NYL PFI’s third party business. This includes ownership of institutional client relationships, with responsibility for coverage strategy, prioritization, and retention.
• Work with the clients to establish investment parameters, and work with origination/credit to select securities to build portfolios that meet the client’s expectations.
• Act as a bridge between investment teams and clients, by translating investment process,   credit selection, risk positioning, relative value, and performance attribution in clear client language; develop narratives and presentations.
• Play a lead role in fundraising processes by providing due diligence and pipeline support: own/drive responses for RFP/RFI/DDQ, consultant questionnaires, and ad-hoc data requests; coordinate internal inputs (deal team, risk, ops, legal/compliance).
• Client reporting and materials: create/update fact sheets, commentaries, strategy updates, market notes, and investor reports for portfolio update meetings and upon ad hoc requests.
• Market and competitive intelligence: monitor macro/credit conditions and competitor positioning; synthesize implications for IG private credit portfolios and client messaging.
• Internal “client advocate” function: feed client needs back into originators, credit analysts and operations; help shape product enhancements / new product initiatives where relevant.

QUALIFICATIONS, SKILLS AND EXPERIENCE

The successful candidate will have the following career experience:

• College de