Portfolio Manager

Norges Bank Investment Management • Full-time • New York, United States, US • $260k - $330k / year • 1w ago

Norges Bank Investment Management is seeking an outstanding individual to join our Listed Utilities efforts in North America. The role encompasses management of a long-only listed equity portfolio specialising in North American Utilities across power generation, transmission & distribution, renewable energy infrastructure, and regulated utility services. You can make a difference and contribute to our mission through the generation of excess returns on a sustainable basis.

Our Portfolio Managers run delegated investment mandates with a large degree of autonomy. Investment decision processes are based on fundamental company and industry research. Processes capitalize on our unique characteristics such as world class corporate access and a long-term time horizon. This provides a strong basis for investment outperformance.

The position reports to the Head of Listed Utilities, is based in New York and travel will be required.

You will be joining the 4 investment professionals on the Listed Utilities Team based in Oslo.

Duties And Responsibilities

What you will do

Manage a Listed Utilities portfolio, based on processes that ensure consistent delivery of superior long-term investment returns.
Combine differentiated company analysis with equity market insights and portfolio construction considerations to inform investment decisions.
Act as a strong ambassador for the fund and represent its interests and values externally.
Build and develop strong relationships with key stakeholders, particularly the listed Utilities portfolio companies.
Contribute to the fund's ownership activities by assessing and engaging on relevant company and sector issues.
Actively participate in the team by sharing investment insights, presenting investment analyses and contributing to relevant investment discussions internally.
Contribute to reaping synergies between the listed and the direct side of the Energy and Infrastructure department in a North American context.

Qualifications (heading)

What You Need

Advanced degree with exceptional academic credentials
8-10 years professional experience in equity portfolio management, with specific expertise in utilities sector investments
Demonstrated track record of delivering strong investment returns through fundamental research and portfolio construction
Commitment to continuous learning and staying current with utilities industry technology trends and regulatory developments
Excellent communication skills enabling high-quality interaction with utilities companies at senior executive management level
Ability to work independently with a high degree of autonomy and make disciplined investment decisions

Who You Are

You are a purpose-driven investment professional who values making a positive impact through utilities investments. You enjoy taking on responsibility and have a self-driven work style. Your curious mindset enables you to challenge conventional thinking. You are positive, empathetic and thrive in an inclusive environment. You bring a high level of integrity to all your interactions and investment decisions.

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 Values

We're driven by a culture of continuous learning. We take action while constantly seeking better ways to achieve our goals. Learning is embedded in everything we do. We embrace growth opportunities and strongly encourage lifelong learning. We emphasize digital proficiency, with a particular focus on AI. Our people are expected to be comfortable adopting and leveraging AI tools. We prioritize wellbeing, supporting both ourselves and our colleagues. And lastly, but not least, we believe in creating an environment where we have fun together!

We are 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.

Staying healthy – We have comprehensive healthcare coverage for you and your dependents at no cost to you. In addition, we have a Healthcare Reimbursement Plan to cover deductibles, co-payments, prescriptions and other healthcare costs, along with vision and dental expenses. You and your dependents can get an annual physical exam as part of the healthcare coverage and will have counselling services available through our employee assistance program.

Recharge when you need to – All employees get 25 vacation days plus one extra day for the last week of the year. When you’re taking time off, we provide access to holiday facilities in Norway for you and your family.

Planning for the long term – We contribute 8% of base salary to your 401k DC plan without you needing to contribute. You can focus on the present and don’t worry about the future. Employee contribution options are also available.

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. We also give you paid days off for other emergencies

Flexible Working - We operate a hybrid model that allows our colleagues to work from home for up to two days a week from New York, Connecticut, New Jersey and Massachusetts.

Compensation - Expected Base Salary rates for the role will be between $260k - $330k, (plus a 200% frame) per year. Base Salary, if hired, will be determined on an individualized basis.

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 Managing Partner in Boyden, Dominic Freud.

Employment with Norges Bank is conditional on an approved security check in accordance with Norges Bank’s policies. This process may include criminal background and credit checks, verification of employment history, and academic record verification. Completion and approval of these checks are required before an employment offer is finalized.

Contacts

Dominic Freud, Managing Partner, (+1) 646-637-6243, dfreud@boyden.com

Kristin Miai Birkeland, Global Talent Acquisition Partner , +47 934 32 930, kristin.birkeland@nbim.no

Location

505 Fifth Avenue, 20th Floor

NY 10017 New York

Key information:

Employer: Norges Bank Investment Management

Reference number: 4993925610

Percentage of full-time: 100%

Permanent

Application deadline: 14/08/2025