Job Opening

Posting Title: Compliance Officer, P4
Job Code Title: Investment Compliance Officer
Department/Office: United Nations Joint Staff Pension Fund – Office of Investment Management
Duty Station: NEW YORK
Posting Period: 01 June 2020 - 15 July 2020
Job Opening Number: 20-Investment Management-UNJSPF OIM-136583-R-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 heads the Office of Investment Management (OIM), which manages a $60+ 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 Risk and Compliance. The incumbent reports to the Deputy Director of Risk and Compliance.

Responsibilities

Within delegated authority, the Compliance Officer will be responsible for the following duties:

1. Ensures that the steps in OIM's compliance process - risk identification, establishing policies and procedures and implementing them - are appropriate and are undertaken in a timely manner by OIM Staff to whom those functions have been assigned.
2. Ensures that the appropriate principles of management and control are observed in the implementation of policies and procedures. These principles include separation of functions, clear assignment of responsibilities, measuring results against standards and reporting outcomes.
3. Ensures that quality control (transactional) testing is conducted as appropriate to detect deviations of actual transactions from policies or standards and that the results of such tests are included, and other management reports are properly addressed, escalated when necessary, and resolved by the responsible business people.
4. Ensures that there is timely and appropriate review of material and repetitive compliance issues as indicators of possible gaps and weaknesses in policies and procedures or risk identification processes, and facilitates the use of such information in keeping OIM's compliance program up-to-date.
5. Addresses the risk of fraud and undertakes periodic analyses and evaluations of compliance issues together with the results of appropriate forensic testing conducted by OIM Compliance staff as a means of obtaining additional or corroborating evidence regarding both the effective functions of OIM's compliance program and the possible existence of disguised or undetected compliance issues.
6. Ensures that all persons within OIM holding compliance responsibilities are competently and fully performing those functions.
7. Ensures that OIM Staff are appropriately trained in compliance and ethics-related matters. A key component of this is OIM's annual ethics training program.
8. Serves as Audit Focal Point for the Board of Auditors and the Office of Internal Oversight Services, facilitating and coordinating the activities of such examinations including the resolution of findings and observations.
9. Provides general oversight to compliance matters related to ICT and Business Continuity Policies.
10. Ensures that OIM's basic responsibilities as a signatory to the UN-endorsed Principles for Responsible Investment (PRI) initiative are met, to include completion of the PRI annual survey and participation or direction in PRI activities.
11. Ensures Benchmark restrictions are applied and coordinate with the external vendor the timely delivery of the restriction list and its update on the Compliance monitoring system.
12. Ensures oversight and maintenance of OIM's proxy voting services to ensure that they are timely and accurate.
13. Participates in ad-hoc OIM projects as requested by the Deputy Director of Risk and Compliance

Competencies

Professionalism:
- Demonstrates understanding of investment operations;
- Demonstrates competence in and adherence to the standards of conduct of the profession and in the application of best practices;
- Demonstrates competence in writing compliance policies and procedures in a investment operations environment
- Demonstrates 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;
- 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;
- Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.

Planning & 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

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 degree or equivalent degree) in law, business administration or related field is required. A first level university degree in combination with additional two years of qualifying experience may be accepted in lieu of the advanced university degree.

Work Experience

A minimum of seven years progressively responsible experience in managing compliance operations in a global pension plan, multilateral institution or investment management operation is required.
Experience handling standard contractual arrangements with custodians, sub-custodians and other service providers is desirable.

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 an advantage.

Assessment

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

Special Notice

• 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.

• 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.

• 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.

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.

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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