Investment Officer/Senior Investment Officer - FINAI IN

Finance & Economy

Overview

Join the IMF as a Senior Investment Officer focusing on investment operations.

You have:

• Advanced University degree, or equivalent, in economics, business administration or financial analysis, with a minimum of four (4) years of relevant professional work experience required.
• Minimum of four (4) years of relevant professional work experience; or a bachelor’s degree with ten (10) years of relevant professional experience required.
• Professional certifications such as CPA or CA, CFA, or FRM are highly desired.
• Sound knowledge of investment theory and practices and investment accounting.
• Strong analytical skills and excellent spreadsheet skills with attention to detail.
• Experience in middle and/or back office of an investment institution is highly desirable.
• Demonstrated writing and communication skills are required.
• Ability to work independently and in a multi-cultural team environment.

Work for the IMF. Work for the World.

The Investment Unit within the Fund's Finance Department is seeking a qualified candidate for the function of (Senior) Investment Officer, with a specific focus on investment operations.

The Investment Unit is responsible for overseeing the management of the Investment Account (IA) and Trust Investment Assets (TA) with combined assets around US$100 billion. The IA includes the Fixed Income Subaccount and the long-term, multi-asset Endowment Subaccount. The TA includes investment assets of the PRGT, RST, CCRT, and HIPC. Day-to-day investment management activities for the IA and TA are handled largely by external managers while the recording of transactions is performed by a third-party investment service provider, which serves as the official book of records.

Specific responsibilities include:

• Verifying monthly reports prepared by the third-party investment service provider, including accounting reports to ensure validation of the reported net asset value (NAV) on a timely basis.
• Preparing all investment-related disclosures in the financial statements in compliance with International Financial Reporting Standards (IFRS) on a periodic basis.
• Performing pricing checks on valuations provided by third-party service provider and assessing reasonability of fair value levelling hierarchy.
• Reviewing SOC1 (or equivalent reports) of third-party reporting service providers and assessing any control deficiencies.
• Liaising with the Fund’s external audit firm and IMF financial reporting team to provide supporting documentation related to investments and monthly sign-off on investment accounts.
• Overseeing the valuation process for private investments including preparing desktop valuations and reviewing annual financial statements and SOC reports.
• Conducting private market-related operations, including new fund onboarding, processing capital calls and distributions, managing foreign exchange risk, cash management and other matters that may arise from time to time.
• Reviewing periodic reports on private assets to monitor capital commitment, expense ratio and other IMF needs that arise from time to time.
• Coordinating investment activities including Trust-related investments with various internal stakeholders.
• Contributing to daily investment operations, including rebalancing portfolios, funding external managers, managing internal portfolios, and investing temporary cash balances.

Qualifications

The ideal candidate will have:

• Advanced University degree, or equivalent, in economics, business administration or financial analysis, supplemented by a minimum of four (4) years (five (5) years preferred) of relevant professional work experience is required; or a bachelor’s degree, or equivalent, supplemented by ten (10) years of relevant professional experience, is required. Alternatively, a minimum of two (2) years of relevant experience at grade A10, or equivalent, is required. Professional certifications such as CPA or CA, CFA, or FRM are highly desired.
• Sound knowledge of investment theory and practice. An understanding of investment portfolio and performance (preferred) with required investment accounting and private asset operations, knowledge required.
• Sound understanding of the characteristics of a wide range of assets, including fixed income instruments, public equities, private assets and derivatives.
• Experience in the middle and/or back office of the investment arm of an official institution, central bank, or other institutional investor involving interacting with a custodian or third-party investment professionals is highly desirable. Experience with application of International Financial Reporting Standards, especially for financial instruments, is strongly preferred.
• Strong analytical skills and excellent spreadsheet skills with a high level of attention to detail and approach for continuous improvement.
• Demonstrated writing and communications skills.
• Strong interpersonal skills with the ability to work independently and in a multi-cultural team environment.

This vacancy shall be filled by a 3-year Term appointment in accordance with the Fund’s new employment rules that took effect on May 1, 2015.

It is expected that while the position is advertised at the full grade band, it will be filled at the lower level.

All applicants are expected to include a Statement of Interest as an attachment to the application, which may be used in the screening process for this vacancy.

A regular staff member who is selected to fill the vacancy will maintain their open-ended status. If the selected candidate is a contractual employee, they will be offered a Term staff appointment. Staff members already on a term appointment will continue their current term but may receive an extension provided that their current term appointment has not already been extended.

Department:

FINAI IN Finance Department Immediate Office Investment UnitHiring For:

A11, A12, A13, A14, A15The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.

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Potential interview questions

Added 3 months ago - Updated 3 months ago - Source: imf.org