Chief Investment Officer

Company: United Nations
Location: New York
Posted on: January 15, 2021

Job Description:

Department/Office: United Nations Joint Staff Pension Fund - Office of Investment Management Duty Station: NEW YORK Posting Period: 08 January 2021 - 21 February 2021 Job Opening Number: 21-Finance-UNJSPF OIM-147885-D-New York (R) 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 USD 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 and come from all over the world. For more information please visit OIM's website at https://oim.unjspf.org/.

This position reports to the Representative of the Secretary-General for the Investment of the assets of the UNJSPF (RSG). The Chief Investment Officer heads the Investment Management Division comprised of 55+ staff and is part of the Senior Management Team, together with the Chief Risk Management and Compliance Officer, the Chief Financial Officer and the Chief Operating Officer. Responsibilities Under the delegated authority and oversight from the RSG, the Chief Investment Officer:

1.Directs the work programme of the Investment Management Division by:

a. Implementing the strategic and tactical asset allocation based on the investment policy and strategy set by the Representative of the Secretary-General, in consultation with the Investments Committee and the suggestions of the Pension Board;
b. Overseeing the five strategic portfolios: Public Equities, Private Equity, Real Estate, Real Assets and Fixed Income;
c. Recommending investment policy and strategy to the Representative of the Secretary-General;
d. Evaluating advice and recommendations of the investment advisors, industry experts and staff of the Division;
e. Leading the Sustainable Investment team;
f. Assessing investment performance by asset class, country and region and recommending guidelines for asset allocation ranges, currency holdings, and market weightings, and for strategic and tactical short-term allocations;
g. Acting as the Chair of the Internal Investments Committee, the Private Markets Committee and the Best Execution Committee;
h. Evaluating investment opportunities in different countries / regions and;
i. Supporting programs for staff training and development to maintain and further develop the expertise of the 55+ Division's personnel;

2. Assists the Representative of the Secretary-General for the Investments of the UNJSPF to report on related matters to the Pension Board, ACABQ and the Fifth Committee by:

a. Preparing and supervising the preparation of reports on investment performance, structure of the portfolio, investment policies and strategies, global economic and market conditions, the investment outlook and requirements for the financing of operations;
b. Presenting and defending proposals on the financing and staffing of the Division to the Pension Board, ACABQ and Fifth Committee and providing answers and explanations to questions raised by Governing Bodies;
c. Implementing and monitoring the investment decisions of the United Nations University Endowment Fund.

3. Collaborates in the Asset and Liabilities Management working Group, together with the Pension Fund Administration and other staff in the Office of Investment Management, in the development of the Asset and Liability Management studies;

4. Negotiates contracts with, and oversees the performance of, the investment advisors and external managers of the Fund.

5. Represents the Office of Investment Management in internal and external fora.

6. Ensures gender and geographical representation at every level in the Division.

7. Performs other duties as required. Competencies --- Professionalism - Demonstrated competence in and adherence to the standards of conduct of the profession and in the application of best practices; conceptual and analytical skills; demonstrated conscientiousness and efficiency in meeting commitments, observing deadlines and achieving results; ability to direct, review and guide the work of others, particularly in terms of substantive quality and high digital and technological awareness and proficiency. Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations.
--- Planning and Organizing - Develops clear goals that are consistent with agreed strategies; identifies priority activities and assignments; adjusts priorities as required; allocates appropriate amount of time and resources for completing work; foresees risks and allows for contingencies when planning; monitors and adjusts plans and actions as necessary; uses time efficiently.
--- 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 the audience; demonstrates openness in sharing information and keeping people informed.
--- Leadership - Serves as a role model that other people want to follow; empowers others to translate vision into results; is proactive in developing strategies to accomplish objectives; establishes and maintains relationships with a broad range of people to understand needs and gain support; anticipates and resolves conflicts by pursuing mutually agreeable solutions; drives for change and improvement; does not accept the status quo; shows the courage to take unpopular stands; provides leadership and takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work; demonstrates knowledge of strategies and commitment to the goal of gender balance in staffing.
--- Judgment/Decision-making - Identifies the key issues in a complex situation, and comes to the heart of the problem quickly; gathers relevant information before making a decision; considers positive and negative impacts of decisions prior to making them; takes decisions with an eye to the impact on others and on the Organization; proposes a course of action or makes a recommendation based on all available information; checks assumptions against facts; determines that the actions proposed will satisfy the expressed and underlying needs for the decision; makes tough decisions when necessary. Education Advanced university degree (Master's degree or equivalent) in business management, economics, finance, banking or portfolio investment management or related field. A first-level university degree in combination with additional two years of qualifying experience may be accepted in lieu of the advanced university degree. Professional certification such as CFA or equivalent is desirable. Work Experience Over fifteen (15) years of proven progressively responsible practical experience in the management and/or supervision of investments is required.
Experience in the management and/or supervision of the investment of complex institutional portfolios of assets of various classes, such as pension funds, endowment funds and/or investment advisory firms is required. 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 --- 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.

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 , Chief Investment Officer, Executive , New York, New York