Job Opening

Posting Title: Investment Officer, Alternative Investments, P4
Job Code Title: INVESTMENT OFFICER
Department/Office: United Nations Joint Staff Pension Fund
Duty Station: NEW YORK
Posting Period: 30 July 2018 - 27 September 2018
Job Opening Number: 18-Investment Management-UNJSPF-100136-R-New York (R)
Staffing Exercise N/A
United Nations Core Values: Integrity, Professionalism, Respect for Diversity
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Org. Setting and Reporting

This position is located in the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF). IMD is responsible for the day-to-day management of the investments of the Fund. The incumbent reports directly to the Senior Investment Officer- Alternative Investments who is responsible for managing the Alternative Investments portfolio.

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 Investment Management Division (IMD) of the UNJSPF. IMD manages a $65 billion multi-asset, 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. IMD’s staff are all based in New York, but come from over 30 countries.
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.

Responsibilities

Within delegated authority, the incumbent will be responsible for the following functions: Under the direction of the Senior Investment Officer-Alternative Investments (SIO), manage and invest the assets of the Fund in alternative investments, including private equity (PE) and absolute return strategies.

- For the assigned alternative investment portfolio, attend all advisory board and annual meetings; perform regular reviews and evaluations of managers, as well as an annual strategic review for each fund, in order to optimize investment return at minimal risk.
- Participate in interviews of new fund managers; assist with due diligence on new investments (including such co-investments and direct investments, as may come up in the future), as well as the process reviewing of fund documentation.
- Balance long-term strategies to achieve results superior to benchmarks by assisting the SIO in constructing and monitoring the portfolio through dedicated research. Keep abreast of and track developments in the alternative asset markets, and contribute to making and executing investment decisions.
- Conduct research and analysis of investments through ongoing communications with alternative investment managers and other financial institutions. Recommend specific investment and divestment opportunities as appropriate in order to achieve superior investment returns.
- Comply with risk control parameters as delineated in the Investments Policy and Procedures Manual with the goal of producing optimal investment returns that avoid undue risk. Integrate Principles of Responsible Investments into investment analysis and monitor both internally and externally managed holdings, subject to IMD standards of fiduciary responsibility to the Fund. Work with the advisors and Master Record Keeper to synchronize financial reporting.
- Promote a high standard of transparency and accountability in all aspects of the management of the assets of the Fund through accurate and timely record keeping. Coordinate production of investment data that is accurate and timely. Interact effectively with Internal and External Auditors to ensure that assets are fully protected. Conduct research and analysis of investments through ongoing communications with other investors and financial institutions and fund sponsors. Prepare reports on investment returns and strategy for review and discussion in regularly scheduled meetings, such as Private Markets Committee (PMC) and Performance Review meetings, and ensure the availability of accurate data on the Fund's alternative investments.
- Prepare for quarterly Investments Committee meetings; implement asset class and regional allocation strategies decided upon by the Representative of the Secretary-General for the investments of the UNJSPF.
- Ensure that the Director of IMD and the Representative of the Secretary-General for the investments of the UNJSPF have accurate and timely reports on alternative investments and related matters for the UNJSPF Board, the Advisory Committee on Administrative and Budgetary Questions (ACABQ), the Fifth Committee and the General Assembly by producing papers on alternative asset investment-related subjects. Coordinate investment related work by evaluating the quality of the advice of recommendations submitted by advisors.
- Ensure that IMD maintains a high level of professional investment expertise and knowledge by exploring published economic and investment material provided by advisors and other relevant sources. Participate in regular meetings/discussions with the designated investment advisors and other sources of information; participate in seminars on investment topics; participate in meetings with top management of companies of interest or potential interest to the Fund, when requested by the Senior Investment Officer. Exchange views with, and provide advice and guidance to, colleagues within IMD.
- Supervise and train staff to improve skills and expand experience in order to increase motivation and promote superior performance by all staff members. Must be able to travel domestically and internationally. Recruit staff for IMD subject to approval of the Director of IMD, taking due account of geographical and gender balance and other institutional values.

Competencies

•Professionalism: Demonstrated ability and sound knowledge of alternative investments markets, private and public equity investment structures as well as portfolio management. 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 utilise various portfolio management and data processing tools such as Bloomberg. Familiarity with the use of Internet applications and MS Office programmes. 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: Ability to work collaboratively with colleagues, advisers and financial professionals, to achieve organisational goals and solicit input by genuinely valuing others' ideas and expertise; place team agenda before personal agenda; support and act in accordance with final group decision, even when such decision 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 organisational regulations and rules; supports subordinates, provides oversight and takes responsibility for delegation assignments; takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.

Education

Advanced university degree (Master's degree or equivalent degree) in Business Administration (MBA), Finance, Economics or related field is required. A first-level university degree in combination with an additional two years of qualifying experience may be accepted in lieu of the advanced degree. Chartered Financial Analyst (CFA) or equivalent designation is desirable.

Work Experience

A minimum of seven years of progressively responsible experience related to analysis and/or management of private equity and/or investment management experience in the area of private equity is required. Experience related to analysis of opportunistic special situation strategies or investment management experience in the area of opportunistic special situation strategies is desirable. Experience of private equity co-investments or direct investments is desirable. Experience in collaborating with other long-term investment institutions on private equity or similar investments is desirable. Alternative investment management experience in pension funds, public funds, endowments, foundations or sovereign wealth funds 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 language of the United Nations is desirable.

Assessment

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

Special Notice

The United Nations Joint Staff Pension Fund (UNJSPF) is an independent interagency body established by the United Nations General Assembly. The applicable human resources procedures are governed by a Memorandum of Understanding (MoU) between the Fund and the UN Secretariat. Any candidate from a member organization of the UNJSPF applying for this post is considered as an internal candidate provided he/she has been appointed through the appointment and promotion procedures applicable in his/her respective organization. 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 IMD of the UNJSPF additionally requires compliance with the rules and regulations pertaining to IMD’s Code of Ethics, Personal Securities, Gift and hospitality polices.

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.

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 or sexual abuse, or crimes other than minor traffic offences, 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.

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.

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