Liability Management - Senior Associate

Location Designation: Hybrid

When you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture.

This position primarily involves a hybrid work schedule - working remotely: Monday & Friday / on site: Tuesday, Wednesday and Thursday.

Guaranteed Products (GP) brings the financial strength of New York Life Insurance Company to institutional fixed income investors worldwide. With a wide range of high quality, stable return products and a long-term record of success, our commitment to the market is unwavering. New York Life Insurance Company, which carries the highest possible ratings from the credit agencies, has been a leading provider to the institutional fixed income marketplace for over 30 years.

If you are an enthusiastic team player, willing to work hard, have experience with commercial paper, and excited at the prospect of joining a collegial group managing and growing a spread lending program, you might be our ideal candidate for a Senior Associate role. The position is based in Jersey City, NJ, with an opportunity to work remote on Mondays and Fridays.

Summary of Responsibilities:

The primary job function is to help manage the newly created commercial paper program. We are seeking a highly motivated individual, with working knowledge of the commercial paper market, to join our team as we continue to grow New York Life's spread lending business. The role will involve interacting with various internal and external partners, working independently, and employing decision-making skills. Opportunities for advancement within the role, as well as visibility across the organization and exposure to external stakeholders, exist for the successful candidate.

Specific Duties and Responsibilities:

• Daily execution of the commercial paper (CP) program
• Provide insight and input for other liability issuances (medium-term notes, guaranteed interest contracts and Federal Home Loan Bank borrowings)
• Develop and maintain tools to support the various needs and adjacencies of the business, including finance, operations, IT, legal and the asset management team. Demonstrate an effective working relationship with a wide range of internal stakeholders, achieving goals, often under stringent time constraints.
• Interact with external bankers on the CP program and other spread lending products.
• Succinctly articulate an opinion and the accompanying rationale. Recognize the benefit of diverse viewpoints and be willing to pivot when new facts are learned.
• Work effectively within a small team to execute ambitious business goals while demonstrating the ability to solve problems independently

Job Requirements:

• 5-7 years of relevant experience; working knowledge of the CP market; knowledge of fixed income asset classes and asset / liability management techniques; interest in capital markets
• Bachelor's degree in finance, accounting, business, economics, or other quantitative field; pursuit of a CFA or advanced degree preferred.
• Superior quantitative, analytical, and problem-solving skills
• Effective verbal and written communication skills
• Must be a highly driven individual capable of managing multiple priorities while maintaining accuracy under pressure
• Drive to work independently and as part of a small team
• Demonstrate a high level of engagement and a willingness to learn
• Proficiency in Microsoft Office, especially Excel

Preferred Skills

• Fixed income experience in either a total return or insurance company environment
• Asset-liability management experience

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Salary range: $90,000-$135,000

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 www.NewYorkLife.com.

Job Requisition ID: 88413