Investment Officer

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UNJSPF OIM - United Nations Joint Staff Pension Fund – Office of Investment Management

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Application deadline 3 years ago: Sunday 20 Sep 2020 at 23:59 UTC

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Contract

This is a P-3 contract. This kind of contract is known as Professional and Director staff. It is normally internationally recruited only. It's a staff contract. It usually requires 5 years of experience, depending on education.

Salary

The salary for this job should be between 140,639 USD and 184,155 USD.

Salary for a P-3 contract in New York

The international rate of 74,649 USD, with an additional 88.4% (post adjustment) at this the location, applies. Please note that depending on the location, a higher post adjustment might still result in a lower purchasing power.

Please keep in mind that the salary displayed here is an estimation by UN Talent based on the location and the type of contract. It may vary depending on the organization. The recruiter should be able to inform you about the exact salary range. In case the job description contains another salary information, please refer to this one.

More about P-3 contracts and their salaries.

Org. Setting and Reporting The United Nations Secretary-General is responsible for the investment of the assets of the United Nations Joint Staff Pension Fund (UNJSPF). The Secretary-General has delegated this responsibility to the Representative of the Secretary-General for the investment of the assets of the UNJSPF (RSG). The RSG is, in turn, assisted in this function by the Office of Investment Management (OIM). OIM manages a $60+ billion multi-asset class, global investment portfolio, about 85% of which is actively managed in-house. Asset classes under management comprise global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber and commodities. OIM’s staff are all based in New York but come from over 30 countries. For more information please visit OIM's website at https://oim.unjspf.org/.

This position is located in the Sustainable Investing Team of OIM. The incumbent reports to the Director of OIM.

Responsibilities Under the overall supervision of the Director, the incumbent will perform the following duties:

1. Support the Director to develop and implement the Sustainable Investment approach across the Fund and in collaborating with all the Investment Teams

a) Balances long term strategic goals with short term performance objectives to outperform assigned benchmarks, supported by ESG integration. b) Identifies broad ESG methodologies required for the development and implementation of strategies that conform to the Fund's overall investment policy, investment objectives, procedures and guidelines. c) Participates in and contributes to seminars on sustainable investing and related topics. d) Conducts portfolio analysis using risk, ESG and analytical tools.

2. Conducts careful and thorough sustainable investment research

a) Lead the global sustainable investments research program across asset classes, and recommends appropriate ESG solutions and strategies. b) Contributes to the formulation of recommendations on partnership with NGOs, Academia and vendors to conduct sustainable investing research initiatives, including an effective climate change strategy c) Takes initiative in selecting and managing outside ESG advisers and specialists by: - Evaluating the services provided by the outside advisers and specialists; - Formulating recommendations in the selection of outside advisers and specialists when appropriate; - Ensuring that the outside advisers and specialists understand the Fund's overall investment policy and strategies that are applicable to their services.

3. Develops and maintains ESG investment-decisions support dashboard and the internal ESG focal point

a)Manage sustainable investment portfolio analysis and reporting implementation, including ongoing integration of ESG metrics embedded throughout investment and risk analytical tools. b)Liaise and maintain key relationship with alternative data ESG providers i.Build and maintain the ESG investment tools to support the Investment Teams ii.Improve upon internally developed quantitative ESG signals into investment process c)Manage the support of the Investment Teams with ESG implementation and training.

4. Reporting

a) Participates in various stakeholder and oversight body meetings as requested and contributes to the discussion on sustainable investment matters. b) Prepares management reports on sustainable investment matters for submission to appropriate United Nations governing bodies. Ensures that accurate data is available in a timely manner for the Investments Committee, the Pension Board, the Fifth Committee, ACABQ and the General Assembly. c) Develop TCFD implementationDevelop a coordinated approach to measurement and reporting to meet ESG objectives Develop and ESG reporting, including a yearly Sustainable Investing report

5. Team leader under guidance of the Director

a) Plans and oversees the management of activities undertaken by the unit; prepares inputs for the work programme of the unit, determining priorities, and allocating resources for the completion of outputs and their timely delivery; coordinating diverse projects in the unit by formulating investment policies and strategies b) Ensures that the outputs produced by the unit maintain high-quality standards and compliance with the relevant mandates; that reports are clear, objective and based on comprehensive data. c) Carries out administrative tasks necessary for the functioning of the unit, including preparation of budgets, assigning and monitoring of performance parameters and critical indicators, reporting on budget performance, preparation of inputs, evaluation of staff performance (e-PAS), recruits staff for Unit taking due account geographical and gender balance and other institutional values; d) Manages, guides, develops and trains staff under his/her supervision; fosters teamwork and communication among staff in the unit and across organizational boundaries.

Competencies - Professionalism: Demonstrates strong ability, sound knowledge and understanding of ESG and sustainable investing, PRI reporting, ESG vendors, engagement and proxy voting, ESG integration across asset classes, and NGO ESG promotors. Understands ESG materiality in the context of fiduciary responsibility. Demonstrates the ability in ESG reporting to multiple stakeholders. Demonstrates the ability to conduct quantitative analysis and building ESG dashboards to support the investment process. Ability to analyze performance attribution of the portfolio. Understands portfolio risks including tracking error. Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter; is conscientious and efficient in meeting commitments, observing deadlines and achieving results; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations. Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work. - Communication: Speaks and writes clearly and effectively; listens to others, correctly interprets messages from others and responds appropriately; asks questions to clarify and exhibits interest in having two-way communication; tailors language, tone, style and format to match audience; demonstrates openness in sharing information and keeping people informed. - Teamwork: Works collaboratively with colleagues to achieve organizational goals; solicits input by genuinely valuing others’ ideas and expertise; is willing to learn from others; places team agenda before personal agenda; supports and acts in accordance with final group decision, even when such decisions may not entirely reflect own position; shares credit for team accomplishments and accepts joint responsibility for team shortcomings.

Education Advanced university degree (Master's or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. A first-degree level university degree in combination with two additional years of experience in investment management may be accepted in lieu of the advanced degree. Certifications or course work in ESG is desirable.

Work Experience A minimum of five years of progressively responsible experience in multi-assets investment analysis and/or investment management, primarily focused on ESG integration and reporting experience is required. Relevant experience in Sustainable Investment strategy & policy, ESG integration across asset classes, alternative data providers, ESG reporting, stewardship and NGO networks is required. Relevant experience, including managing a specialized ESG team, in Asset Owner institutions with in-house investment management is desirable.

Languages English and French are the working languages of the UN Secretariat. For this position, fluency in English is required. Knowledge of another UN official language is desirable.

Assessment Evaluation of qualified candidates may include an assessment exercise which may be followed by competency-based interview.

Special Notice - This position is funded by General Temporary Assistance funding and is for an initial period of one year, with possibility of extension, which is subject to extension of the mandate and/or the availability of the funds. The selected candidate is expected to start as soon as possible.

  • Staff members are subject to the authority of the Secretary-General and to assignment by him or her. In this context, all staff are expected to move periodically to new functions in their careers in accordance with established rules and procedures.

  • The United Nations Secretariat is committed to achieving 50/50 gender balance in its staff. Female candidates are strongly encouraged to apply for this position.

  • Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial disclosure Programme. An appointment to the Office of Investment Management (OIM) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to OIM's Code of Ethics, Personal Securities, Gift and Hospitality policies.

    United Nations Considerations According to article 101, paragraph 3, of the Charter of the United Nations, the paramount consideration in the employment of the staff is the necessity of securing the highest standards of efficiency, competence, and integrity. Candidates will not be considered for employment with the United Nations if they have committed violations of international human rights law, violations of international humanitarian law, sexual exploitation, sexual abuse, or sexual harassment, or if there are reasonable grounds to believe that they have been involved in the commission of any of these acts. The term “sexual exploitation” means any actual or attempted abuse of a position of vulnerability, differential power, or trust, for sexual purposes, including, but not limited to, profiting monetarily, socially or politically from the sexual exploitation of another. The term “sexual abuse” means the actual or threatened physical intrusion of a sexual nature, whether by force or under unequal or coercive conditions. The term “sexual harassment” means any unwelcome conduct of a sexual nature that might reasonably be expected or be perceived to cause offence or humiliation, when such conduct interferes with work, is made a condition of employment or creates an intimidating, hostile or offensive work environment, and when the gravity of the conduct warrants the termination of the perpetrator’s working relationship. Candidates who have committed crimes other than minor traffic offences may not be considered for employment.

Due regard will be paid to the importance of recruiting the staff on as wide a geographical basis as possible. The United Nations places no restrictions on the eligibility of men and women to participate in any capacity and under conditions of equality in its principal and subsidiary organs. The United Nations Secretariat is a non-smoking environment.

Applicants are urged to follow carefully all instructions available in the online recruitment platform, inspira. For more detailed guidance, applicants may refer to the Manual for the Applicant, which can be accessed by clicking on “Manuals” hyper-link on the upper right side of the inspira account-holder homepage.

The evaluation of applicants will be conducted on the basis of the information submitted in the application according to the evaluation criteria of the job opening and the applicable internal legislations of the United Nations including the Charter of the United Nations, resolutions of the General Assembly, the Staff Regulations and Rules, administrative issuances and guidelines. Applicants must provide complete and accurate information pertaining to their personal profile and qualifications according to the instructions provided in inspira to be considered for the current job opening. No amendment, addition, deletion, revision or modification shall be made to applications that have been submitted. Candidates under serious consideration for selection will be subject to reference checks to verify the information provided in the application.

Job openings advertised on the Careers Portal will be removed at 11:59 p.m. (New York time) on the deadline date.

No Fee THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.

Added 3 years ago - Updated 3 years ago - Source: careers.un.org