New York Life Insurance Co

MD / Lead Multi Asset Portfolio Manager -

New York Life Insurance Co$240K — $330K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • 15+ years of investment management experience, focusing on multi-asset portfolio management and macro strategy.
  • Deep expertise in asset allocation and cross-asset portfolio construction with unique investment perspectives.
  • Proven experience in senior leadership roles, managing and developing investment professionals.
  • Strong relationship-building skills with the ability to quickly establish trust with diverse stakeholders.
  • Effective communicator with a polished presentation style for client interactions and investment discussions.
  • Record of enhancing or constructing investment processes and frameworks for efficiency.
  • Experience collaborating with quantitative teams, integrating quantitative methods with qualitative insights.
  • Commitment to leveraging AI technologies for portfolio construction and overall investment workflows.

Responsibilities

  • Oversee and manage multi-asset portfolios exceeding $11 billion in AUM, guiding asset allocation and investment decisions.
  • Define and uphold the asset allocation philosophy, ensuring it incorporates qualitative and macro insights alongside quantitative analysis.
  • Develop investment processes that ensure consistency, scalability, and effectiveness across portfolio management.
  • Ensure comprehensive investment accountability, including construction oversight and risk management protocols.
  • Collaborate with various teams to enhance institutional capabilities and develop a strategy to attract institutional investors.
  • Promote continuous improvement in investment processes, with a focus on excellence and repeatability.
  • Advocate for the integration of AI tools to streamline research, portfolio construction, and overall operational efficiencies.

Benefits

  • Comprehensive benefits package tailored to modern workforce needs.
  • Leave programs, adoption assistance, and student loan repayment options included.
  • Benefits continuously refined based on employee feedback to promote well-being inside and outside of work.
Full Job Description
Location Designation: Hybrid - 4 days per week

The Senior Portfolio Manager will provide strategic leadership and oversight of a range of multi-asset portfolios with over $11 billion in AUM. This individual will lead asset allocation, portfolio construction, and investment decision-making while fostering a high-performing, collaborative team culture.

The successful candidate will bring deep expertise in cross-asset portfolio construction, a strong framework-driven investment approach, and the ability to develop the teams institutional capabilities.

Key Responsibilities
  • Serve as a portfolio manager for more than $11 billion in multi-asset portfolios, directing asset allocation, portfolio positioning, and investment decision-making while looking for opportunities to grow the portfolio.
  • Own the asset allocation philosophy and process, bringing a qualitative, macro-aware perspective to complement quantitative investment capabilities.
  • Establish clear investment processes and decision-making frameworks that create structure, scalability, and consistency.
  • Maintain overall investment accountability, including oversight of portfolio construction standards, risk management, and investment implementation.
  • Partnering with the MAS Portfolio Managers, institutional distribution and NYLIM portfolio managers to develop and execute a deliberate strategy to expand MAS's capabilities to serve institutional investors, including but not limited to: building out institutional-grade portfolio management capabilities, developing a compelling institutional narrative, and ensuring the team presents credibly and effectively to sophisticated allocators
  • Drive continuous improvement in investment processes, with a focus on scalability, repeatability, and investment excellence.
  • Champion the adoption of AI and agentic AI tools across the investment process, including portfolio construction, research synthesis, and operational efficiency.
  • Serve as a client-facing representative, presenting investment strategy, portfolio positioning, and performance outcomes.


Qualifications
  • 15+ years of investment management experience, with meaningful exposure to multi-asset portfolio management and macro strategy.
  • Deep expertise in asset allocation and cross-asset portfolio construction with strong, differentiated views on investment strategy.
  • Demonstrated experience managing and developing investment professionals in a senior leadership capacity.
  • Commercially minded and relationship-driven; builds trust quickly across diverse stakeholders
  • Polished communicator with the ability to represent investment strategy credibly in client meetings and investment discussions.
  • Track record of building or significantly improving investment processes and frameworks.
  • Experience working with quantitatively oriented investment teams and bridging quantitative methods with qualitative investment judgment.
  • Strong framework orientation with the ability to build repeatable, scalable investment processes.
  • Active interest in and commitment to leveraging AI and agentic AI capabilities across portfolio construction, research, and investment workflows.
  • Skilled at building trust with internal stakeholders and peer portfolio managers and acting as a connective tissue across the investment organization.

Job Level: LEVEL MD

Pay Transparency

Salary Range: $240,000 - $330,000

Overtime eligible: Exempt

Discretionary bonus eligible: Yes

Sales bonus eligible: No

Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees - and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.Click hereto discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Job Requisition ID: 94260

About New York Life Insurance Co

New York Life Insurance Company is a mutual life insurance company in the United States and one of the life insurers in the world, ranking #88 on the 2014 Fortune 500 list with over $540 billion in total assets under management, and more than $19 billion in surplus and AVR. New York Life and its subsidiaries provide insurance, investment, and retirement solutions. For 175 years, the company has been helping people put their love into action. It was founded in 1845 and is headquartered in New York.

New York Life Insurance Co Careers

Join the esteemed team at New York Life Insurance Co, a leader in the insurance industry, and propel your career to new heights with unparalleled job opportunities. As one of the most respected names in life insurance, we offer a platform where professionalism meets innovation, creating an environment ripe for personal and professional growth.

Work You’ll Do

At New York Life Insurance Co, you will be part of a culture that cherishes diversity and fosters leadership. Our team is composed of skilled professionals dedicated to providing financial security and peace of mind to our clients. By joining us, you will collaborate with top-tier experts in finance and insurance, leveraging your skills to make a meaningful impact.

Explore Career Paths

Whether you are seeking an internship, a full-time position, or a leadership role, New York Life Insurance Co provides a variety of career paths to help you achieve your professional goals. Our commitment to career development is evident through extensive training programs and continuous learning opportunities that ensure our team remains at the forefront of the industry.

Innovate and Lead

Embrace the opportunity to lead projects that drive innovation within the company and the insurance industry. New York Life Insurance Co is at the intersection of tradition and innovation, where we constantly strive to develop solutions that anticipate the needs of our clients.

Be Part of a Great Team

Our team at New York Life Insurance Co is our greatest asset. We thrive on collaboration and respect each other’s contributions, creating a supportive and inclusive workplace. Here, networking and mentorship go hand in hand with day-to-day operations, providing a robust support system for career advancement.

Future-Proof Your Career

With New York Life Insurance Co, your career is future-proofed with endless opportunities for advancement. Our comprehensive benefits package supports your life both inside and outside of work, while our leadership and diversity training prepare you to take on new challenges.

Join Our Team

Search for open positions that match your skills and interests. We are hiring creative, curious, and motivated individuals who are ready to drive their careers forward. Explore our job opportunities and find out how your talents can make a difference at New York Life Insurance Co.

Stay Connected

Keep up to date with the latest industry trends, career tips, and company news through our Careers Blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences, and discover the exciting and rewarding opportunities that await at New York Life Insurance Co.

Prepare for Your Interview

Ready to join us? Prepare your resume and sharpen your interview skills to become part of a company that values vision, leadership, and a commitment to excellence. At New York Life Insurance Co, we are not just offering a job; we are offering a pathway to success.

New York Life Insurance Co – A Place Where Careers Are Made

From fostering innovation to encouraging diversity, New York Life Insurance Co is where you can pursue your passions and grow your career. Join us and make a difference in the lives of our clients and communities every day.
Learn more about New York Life Insurance Co
Size
11,960 employees
Industry
Founded
1845

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