The role
Asset Servicing is responsible for managing the capture, instruction and settlement process for voluntary corporate actions, including the collection and control of information, and collaborates closely with portfolio managers. The team also provides operational support for proxy voting in ensuring that the fund’s voting intentions are received correctly by issuing companies when voting at shareholder meetings. Additionally, the team manages part of the relationship with the fund’s global custodian and performs ongoing reconciliation of cash and asset holdings.
You will be part of a global team and your analytical and problem-solving skills will be challenged on a wide range of tasks in a rapidly changing environment. There will be great development opportunities for the right candidate to shape the role according to their own interests and competencies. Asset Servicing is a friendly and collaborative team that works closely together across time zones in providing world class investment support to our stakeholders.
The position is based in New York City and will report to the Head of Asset Servicing.
Main responsibilities
- Providing day-to-day investment support to portfolio managers and traders related to all types of corporate action events (with a particular focus on the Regions of Americas).
- Executing the voluntary corporate action instruction process in collaboration with relevant investment teams, global custodian and other vendors.
- Investigating and resolving settlement reconciliation breaks related to corporate action entitlements.
- Participating in project work and business process enhancement initiatives focusing on automation and utilization of new technology.
What you need
- University degree with strong academic results.
- Data gathering and analytical skills.
- Knowledge of programming tools, or an interest in working with technologies such as SQL, Snowflake, Python and AWS would be an advantage.
Who you are
- Team player with good collaboration and communication skills.
- Ability to take ownership of tasks and drive development with a strong attention to detail.
- Pragmatic and action-oriented approach to problem solving.
- Curious mindset and willing to learn and develop.
- High level of integrity.
What we offer
Norges Bank Investment Management offers a rewarding, international fast-paced working environment, and the opportunity to play a role in safeguarding and building financial wealth for future generations as part of one of the world’s largest funds. Norges Bank Investment Management has a performance culture that values the contribution of every individual and focuses on professional growth.
Our core values of excellence, innovation, integrity and team spirit underpin our culture and how we operate across all our offices. We collaborate and share information within our organisation which consists of 37 nationalities. English is our common working language. Our organisation is grounded in trust, high ethical standards, a flat hierarchy and diversity. We aim to increase the share of women to exceed or match the industry average across all functions.
Norges Bank Investment Management is committed to ensuring Equal Opportunities for all employees.
Norges Bank Investment Management does not sponsor a visa petition or other work authorization, nor will the company provide relocation assistance, for this position.
Perks and benefits
We offer everyone at the fund competitive pay, an engaging work environment, and an opportunity for personal growth and development. In addition, you can look forward to:
- Staying healthy – We care about your health! That’s why we offer market leading health and dental benefits, including a comprehensive insurance program. You’ll also get an annual physical exam, counselling services, and reimbursement of gym membership fees.
- Spending time with family – Becoming a parent? Don’t stress! You’ll get 16 weeks, gender-neutral, full base pay, parental leave to spend with your child. Mothers get an additional 10 weeks of pregnancy related leave
- Recharge when you need to – All employees get 25 vacation days, and one extra for the last week of the year. When you’re taking time off, we provide access to holiday facilities in Norway and all over Europe, for you and your family. Find your charging station and come back energised!
- Norwegian work-life balance – We believe that a healthy balance is crucial for your well-being. When you work here, you’ll be able to combine an exciting career in the world’s largest sovereign wealth fund with a fulfilling life outside the office. Of course, there are several social clubs and events within the fund too if you’d like to combine the two!
- Planning for the long term – We contribute 8% of base salary to your 401k DC plan. You can focus on the present and don’t worry about the future.
- Work with Purpose – We work to safeguard and build financial wealth for future generations. Through responsible investment and active ownership, we help shape the future of our world.
Are you interested?
We would love to hear from you! You can apply through the link in this ad, that will take you to the application form in our recruitment system. Applications will be reviewed consecutively throughout the application period.
Do you have questions about the role or the team? Please contact Olav Sauar, Head of Asset Servicing (osa@nbim.no)
Due to GDRP rules, we can only accept applications made via the online portal on www.nbim.no
Any application not sent via the portal will be disregarded.
Deadline for application is 23:59 CET the 11th of February 2022.
