Investment Officer (Sustainable Investment)

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 is, in turn, assisted in this function by the Office of Investment Management (OIM). OIM manages a $80+ billion multi-asset class, global investment portfolio, about 85% of which is actively managed in-house. Asset classes under management comprise of global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber and commodities. OIM’s staff are all based in New York and come from over 30 countries. For more information, please visit OIM's website at https://oim.unjspf.org/.

This position leads the Sustainable Investment Team of OIM. The incumbent reports to the Chief Investment Officer.

Responsibilities

Within delegated authority and under the guidance of the Chief Investment Officer, the Investment Officer/Team Lead will be responsible for the following duties:

1. Supports the RSG and CIO in developing the sustainable investment policy and impact investing approach. Implements the sustainable investment strategy in collaboration with the investment teams. a. Recommends the sustainable investment policy and strategies b. Implements the sustainable investment strategy in collaboration with the investment teams and monitors portfolio to achieve the ESG performance to meet the Funds ESG objectives by reviewing both portfolio and benchmark ESG performance on a regular basis. c. Ensures that all of the investments are in compliance with OIM’s investment and policy guidelines. d. Conducts ESG portfolio review periodically and presents in the internal committees when requested.

2. Conducts careful and thorough sustainable investment research and due diligence. a. Performs sustainable analysis through sustainability statements, corporate announcements, market news and other publicly available information. b. Reviews ESG research and discuss with various stakeholders, including ESG providers, industry participants, asset managers, industry standard setters etc.. c. Engages with corporate management and other stakeholders to review their business and ESG corporate strategies. d. Attends ESG conferences and seminars to access academia and industry experts e. Conducts portfolio analysis using risk tools and analytical tools.

3. Makes specific sustainable and impact investment recommendations to the CIO. a. Ensures the Fund's four investments criteria: i.e. safety, profitability, liquidity, and convertibility. b. Makes specific ESG strategy recommendations to achieve optimum ESG performance with careful review of the portfolio’s investment objectives and risk tolerance, in particular regarding climate objectives. c. Presents and discusses ESG recommendations to the Senior Investment Officer of the relevant asset class/region d. Participates in the discussions and development of ESG recommendations for the Fund

4. Reporting a. Reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF and Director of OIM when requested. b. Assists the Director of Office of Investment Management in reporting on ESG and related matters to governing bodies, including the UNJSPF Pension Board, the Fifth Committee, Board of Auditors, Office of Internal Oversight Services (OIOS)

5. Maintains a high level of professional investment expertise by: a. Participating in seminars and taking courses in ESG topics. b. Keeping abreast of rapidly changing techniques of ESG and exchanging view with colleagues and members of the investment community.

Competencies

•Professionalism: Demonstrated ability and sound knowledge of environmental, social and governance factor in the private, public equity and fixed income investment structures. Demonstrated ability and sound knowledge of applied macroeconomics, security analysis and portfolio management. Ability to work under pressure and provide accurate, efficient and effective results. Ability to utilize various portfolio management and data processing tools; such as Bloomberg and familiarity with the use of Internet applications and MS Office programmes. The ability to analyze and interpret ESG data in support of decision-making and convey resulting information to management. 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.

• 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.

• 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 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.

Job - Specific Qualification

Not available.

Work Experience

A minimum of seven years of progressively responsible experience in multi-assets investment analysis and/or investment management, primarily focused on ESG integration and stewardship is required.

Relevant experience in the implementation of Sustainable Investment strategy & policy, ESG integration across asset classes, alternative data providers, ESG reporting, stewardship as an asset owner and/or asset management is required.

Relevant experience in conducting due diligence on the impact investments for the private market funds, such as private equity, real estate, and infrastructure, and impact investments for public equity and fixed income is desirable.

Relevant experience, including managing a specialized ESG team, in a Pension Fund or Asset Owner institutions with in-house investment management is desirable.

Languages

English and French are the working languages of the United Nations Secretariat. For the post advertised, fluency in oral and written English is required. Knowledge of another official United Nations language is desirable.

Assessment

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

Special Notice

• Funding for this position is subject to GA approval and therefore, the selection and onboarding of the successful candidate may be expected in early 2024.

• 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.

• For this position, applicants from the following Member States, which are unrepresented or underrepresented in the UN Secretariat as of 31 Oct 2023, are strongly encouraged to apply: Afghanistan, Andorra, Angola, Antigua and Barbuda, Bahrain, Belize, Brunei Darussalam, Cabo Verde, Central African Republic, Chad, China, Cuba, Democratic People's Republic of Korea, Djibouti, Dominica, Equatorial Guinea, Gabon, Grenada, Guinea-Bissau, Israel, Japan, Kiribati, Kuwait, Lao People's Democratic Republic, Liberia, Libya, Liechtenstein, Luxembourg, Madagascar, Malta, Marshall Islands, Micronesia (Federated States of), Monaco, Mozambique, Myanmar, Namibia, Nauru, Oman, Palau, Panama, Papua New Guinea, Paraguay, Qatar, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Slovenia, Solomon Islands, Somalia, South Sudan, Timor-Leste, Turkmenistan, Tuvalu, United Arab Emirates, United States of America, Vanuatu.

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.

Reasonable accommodation may be provided to applicants with disabilities upon request, to support their participation in the recruitment process.

By accepting a letter of appointment, staff members are subject to the authority of the Secretary-General, who may assign them to any of the activities or offices of the United Nations in accordance with staff regulation 1.2 (c). Further, staff members in the Professional and higher category up to and including the D-2 level and the Field Service category are normally required to move periodically to discharge functions in different duty stations under conditions established in ST/AI/2023/3 on Mobility, as may be amended or revised. This condition of service applies to all position specific job openings and does not apply to temporary positions.

Applicants are urged to carefully follow all instructions available in the online recruitment platform, inspira, and to refer to the Applicant Guide by clicking on “Manuals” in the “Help” tile 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.