Investment Officer, P4
Company: United Nations
Location: New York
Posted on: February 25, 2021
Department/Office: United Nations Joint Staff Pension Fund -
Office of Investment Management Duty Station: NEW YORK Posting
Period: 17 February 2021 - 02 April 2021 Job Opening Number:
21-Investment Management-UNJSPF OIM-150288-R-New York (O) Staffing
Exercise N/A United Nations Core Values: Integrity,
Professionalism, Respect for Diversity 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 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 North America Equities Team of OIM.
The incumbent reports to the Senior Investment Officer of the North
America Equities Team and the Deputy Director of Global Equities.
Responsibilities Within delegated authority, the Investment Officer
will be responsible for:
1. Implements investment strategy and monitors portfolios.
a. Implements approved investment strategies for the strategic and
tactical asset allocation and portfolio rebalancing with careful
review of the market environments.
b. Monitors portfolio to achieve the performance to meet the Funds
investment objectives by reviewing both portfolio and benchmark
performance on a regular basis.
c. Ensures that all of the investments are in compliance with OIM's
investment and policy guidelines.
d. Conducts portfolio review periodically and presents in the
Portfolio Review Meeting.
2. Conducts careful and thorough investment research.
a. Performs fundamental analysis through financial statements,
corporate announcements, market news and other publicly available
b. Reviews investment research and discuss with strategists,
economists, security analysts through brokerage community and the
c. Engages with senior members of corporate management to review
their business and corporate strategies.
d. Attends investment conferences and seminars to access academia
and industry experts
e. Conducts portfolio analysis using risk tools and analytical
3. Makes specific investment recommendations.
a. Ensures the Fund's four investments criteria: i.e. safety,
profitability, liquidity, and convertibility.
b. Makes specific investment recommendations to achieve optimum
investment performance with careful review of the portfolio's
investment objectives and risk tolerance.
c. Presents and discusses investment recommendations to the Senior
Investment Officer of the relevant asset class/region
d. Participates in the discussions and development of investment
recommendations for asset allocation for the Fund
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 investment 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
a. Participating in seminars and taking courses in investment
b. Keeping abreast of rapidly changing techniques of portfolio
management and exchanging view with colleagues and members of the
investment community. Competencies Professionalism:
--- Demonstrated ability and sound knowledge of investing in North
America Public Equities markets;
--- Demonstrated ability in meeting clearly defined investment
objectives and risk management of portfolio;
--- Demonstrated ability in effectively managing team of senior
investment professionals and other staff;
--- Ability to work under pressure accurately, efficiently and
--- Having the highest level of integrity;
--- Shows pride in work and in achievements;
--- Demonstrates professional competence and mastery of relevant
--- 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 and remains calm in stressful situations;
--- Remains calm in stressful situations;
--- Takes responsibility for incorporating gender perspectives and
ensuring the equal participation of women and men in all areas of
--- Works collaboratively with colleagues to achieve organizational
--- Solicits input by genuinely valuing others' ideas and
expertise; is willing to learn from others;
--- Build consensus for task purpose and direction with team
--- 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;
--- Takes ownership of all responsibilities and honours
--- Delivers outputs for which one has responsibility within
prescribed time, cost and quality standards;
--- Operates in compliance with organizational regulations and
--- Supports subordinates, provides oversight and takes
responsibility for delegated assignments; and
--- Takes personal responsibility for his/her own shortcomings and
those of the work unit, where applicable. Education Advanced
university degree (Master's or equivalent degree) in Business
Admin. (MBA), Finance, Economics or related field is required. A
first level university degree in combination with two additional
years of qualifying experience may be accepted in lieu of the
advanced university degree. Chartered Financial Analyst (CFA)
certification is desirable. Work Experience A minimum of seven
years of progressively responsible experience and a proven track
record in institutional equity investment analysis is required.
Buy-side experience of at least 5 years in both US and Canadian
equity long-only investments is required.
Experience working in a public pension fund or non-profit
investment environment is desirable
Experience using advanced equity valuation tools, such as the
Credit Suisse Holt or similar is desirable.
Experience in constructing and sending program trades is desirable.
Languages English and French are the working languages of the
United Nations Secretariat. For this position, fluency in English
is required. Knowledge of another official UN 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. Further extensions are subject to the
extension of the mandate and/or the availability of funding.
--- 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
--- 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 30 November 2020, are strongly encouraged to apply:
Afghanistan, Andorra, Angola, Antigua and Barbuda, Bahrain, Belize,
Brazil, Brunei Darussalam, Cabo Verde, Cambodia, China, Comoros,
Cuba, Democratic People's Republic of Korea, Djibouti, Dominica,
Equatorial Guinea, Gabon, Grenada, Guinea-Bissau, Japan, Kiribati,
Kuwait, Lao People's Democratic Republic, Lesotho, Liberia, Libya,
Liechtenstein, Luxembourg, Marshall Islands, Federated States of
Micronesia, Monaco, Mozambique, Namibia, Nauru, Norway, Oman,
Palau, Papua New Guinea, Qatar, Republic of Korea, Russian
Federation, Saint Lucia, Saint Vincent and the Grenadines, San
Marino, Sao Tome and Principe, Saudi Arabia, Solomon Islands, South
Sudan, Suriname, Timor-Leste, Turkmenistan, Tuvalu, United Arab
Emirates, United States of America, Vanuatu, Bolivarian Republic of
Venezuela. 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
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.
The paramount consideration in the appointment, transfer, or
promotion of staff shall be the necessity of securing the highest
standards of efficiency, competence, and integrity. By accepting an
offer of appointment, United Nations staff members are subject to
the authority of the Secretary-General and assignment by him or her
to any activities or offices of the United Nations in accordance
with staff regulation 1.2 (c). In this context, all internationally
recruited staff members shall be required to move periodically to
discharge new functions within or across duty stations under
conditions established by the Secretary-General.
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.
Keywords: United Nations, New York , Investment Officer, P4, Accounting, Auditing , New York, New York
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