Norges Bank Investment Management
Senior Legal Counsel – Contracts
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NBIM Legal & Tax
NBIM Legal & Tax is NBIM’s centralised legal function. It assists and advises all NBIM business areas on their legal and tax requirements in respect of NBIM’s organisation and its investment activities.
The Contracts team is the area within NBIM Legal & Tax providing legal support across a broad range of contract and transaction types, including derivatives, repurchase agreements, securities lending, custody, prime brokerage, and external investment management. The Contracts team also advises on data, technology, and service contracts. The team has five lawyers working closely with internal teams across our offices in Oslo, London, and New York.
NBIM is seeking a Senior Legal Counsel with strong derivatives and securities financing experience to join the Contracts team in NBIM Legal & Tax. The position will be based in London and will report to the Head of the Contracts team in Legal & Tax. Travel will be required at times. International assignments to other NBIM offices may also be relevant depending on business needs.
Duties and responsibilities
What you will do
- Provide legal support to investment, operations, risk and other teams regarding derivatives and repo transactions.
- Negotiate and advise on ISDA Master Agreements, Credit Support Annexes/Deeds, and other derivatives trading and collateral documentation (cleared and bilateral), including netting agreements and default issues.
- Negotiate and advise on GMRAs, MRAs and other repo and securities financing documentation (cleared and bilateral).
- Advise on the regulatory framework relevant to derivatives, repo, and securities financing activity.
- Manage and mandate external legal advisors.
- Input to internal investment memoranda and monitor legal look-out functions; contribute to internal policies, guidelines, and procedures relevant to derivatives, repo, and securities financing activity.
- Contribute to integration of AI and new technologies in work processes to enhance quality and efficiency.
- Support in connection with internal and external audit processes and legal questions relating to the mandate and provide legal input in connection with exploring new markets.
- You will be part of a specialised team while contributing to the broader Legal & Tax function, sharing expertise and insights across the organization.
What you need
- A law degree with good academic record from a university in UK or US.
- Minimum 8 years’ experience negotiating and advising on derivatives documentation, including ISDA Master Agreements and netting agreements.
- Experience negotiating and advising on repo and securities financing documentation, including GMRAs and MRAs.
- Familiarity with securities lending arrangements and documentation, including GMSLAs and MSLAs.
- Solid understanding of the regulatory framework governing derivatives and securities financing transactions.
- Extensive international experience is an advantage.
- Proficiency in written and spoken English.
- Knowledge and curiosity around use of AI and new technologies.
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Who you are
We think you are a driven, proactive, and intellectually curious individual who’s striving for continuous improvement, and who can deliver high quality work under pressure. You are collaborative and a team-player with a passion for sharing your knowledge and ability to influence. You are professional, motivated, independent, structured, accurate, able to adapt communication style to the audience and to communicate complex legal issues and concepts clearly and simply to a non-legal audience. You have a commercial mindset and can make yourself relevant to stakeholders and teams.
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 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.
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:
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- Staying healthy – We care about your health! That’s why we offer excellent health and dental benefits, including a comprehensive insurance for you and your family. You’ll also get a semi-annual physical exam, counselling services, and reimbursement of gym membership fees.
- 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, for you and your family.
- 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.
- Planning for the long term – We contribute 10% of base salary to your pension plan, no cap, no vesting period. You can focus on the present and don’t worry about the future.
- 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.
- 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 Hiring Manager Christy Stagemeyer.
Please note:
- Employment with Norges Bank is conditional on approved security check in accordance with Norges Bank’s rules, which may include criminal background and credit checks, and approved verification of employment history and academic records.
- Application close 2. September at 23:59 CET
Contacts
Christy Stagemeyer, Head of the Contracts team in Legal & Tax, cs@nbim.no
Location
Queensberry House, 3 Old Burlington Street
W1S 3AE London
Key information:
- Employer: Norges Bank Investment Management
- Reference number: 5167466043
- Percentage of full-time: 100%
- Permanent
- Application deadline: 02/09/2026
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