Investment Officer (External Manager)

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.

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.

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 heads the Office of Investment Management (OIM), which 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 External Manager Team. The incumbent reports to the Deputy Director of Global Equities.

Responsibilities Within delegated authority, the Investment Officer will be responsible for the following duties:

• Follows OIM’s External Management Policy and scopes of work including investment objectives, universe, and benchmark for the specific mandates;
• Monitors the performance of the External Managers regularly in a comprehensive manner quantitatively and qualitatively;
• Participates in and documents periodic portfolio review meetings with external managers to ensure that they comply with investment requirements to deliver the highest level of quality services;
• Supports the team to Prepares presentations and drafts reports on the performance and attributions of the externally managed portfolio monthly/quarterly for review;
• Analyzes the universe of the external managers through rigorous quantitative approach by using the external funds database and engaging in other research activities to help identify a subset of external managers to be further considered for hiring;
• Participates as a panel member of manager searches to evaluate prospective managers and conduct due-diligence, ensuring a high level of accountability and transparency;
• Supports the team to derive a conclusion in recommending the most suitable set of external managers with regards to investments strategy in order to meet the objectives for the Fund while avoiding undue risks;
• Assists with drafting the recommendation report upon the completion of a manager search, supported with exhibits documenting the thorough quantitative analyzes and process;
• Drafts investment reports accurately, comprehensively, and timely to the Representative of the Secretary-General for the Investments of the UNJSPF, and Director when requested on Investments and related matters to governing bodies including the UNJSPB, the Fifth Committee, BOA and OIOS;

• Performs related assignments or ad-hoc projects and collaborates with other teams as required.

  Competencies - Professionalism: Demonstrated ability and sound knowledge of equity portfolio management, finance, and macro economy; •Ability to conduct quantitative analysis in screening and monitoring external managers by utilizing various portfolio management and data processing tools such as external fund analysis databases, Bloomberg, and Microsoft Office programmes. •Ability to work under pressure, accurately, efficiently and effectively. 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.

• Accountability: Takes ownership of all responsibilities and honours commitments; delivers outputs for which one has responsibility within prescribed time, cost and quality standards; operates in compliance with organizational regulations and rules; supports subordinates, provides oversight and takes responsibility for delegated assignments; takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.

  Education Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Economics or related field required. A first level university degree in combination with academic qualifications and experience in investment management may be accepted in lieu of advanced degree.

  Work Experience A minimum of five (5) years of progressively responsible experience in investment management and/or working in an investment related environment is required. Demonstrated experience in due-diligence for selecting and monitoring externally managed equity funds is required. Experience using external manager databases and search tools with a proven track record in selecting external investment managers to cover various asset classes in global markets for pension funds or established financial institutions is required. Experience in portfolio management and/or investment analysis is desirable. Experience in coordinating meetings and drafting investment related reports to governing bodies 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.

• 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.

• 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.

• 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.