Job Opening

Posting Title: Compliance Officer, P3
Job Code Title: Investment Compliance Officer
Department/Office: United Nations Joint Staff Pension Fund – Office of Investment Management
Duty Station: NEW YORK
Posting Period: 09 November 2020 - 23 December 2020
Job Opening Number: 20-Investment Management-UNJSPF OIM-144531-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 Compliance Officer.

Responsibilities

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


•Enhance the execution of OIM’s compliance programmes. Create and update policies and procedures for disclosures (in addition to the annual disclosure required by the UN), to detect patterns of unusual activity and conflicts of interest, and to inform management on time.

•Manage the day-to-day operational aspects to ensure compliance and that all matters of surveillance, risk considerations and developments are properly addressed by reviewing alerts, and ensuring timely reviews of activity and the disposition of such alerts.

•Monitor Compliance limits and procedures, which may include oversight performed as second line of defense for back-office and front-office procedures, and third parties.

•Implement training programs in order to maintain established procedures to ensure professional competency and expertise.

•Research, gather, record, and preserve all potential or relevant control information, including those in electronic format, ensuring that a comprehensive information chain is established and maintained.

•Review all operational processes on a regular basis to identify and evaluate weaknesses in surveillance controls, strengthen processes and controls to mitigate potential scenarios proactively. Create processes and controls for pattern analysis and statistical models to detect unusual ordinary activity. Create surveillance scenarios and devise controls to implement an effective surveillance programme.

•Monitor all external managers and internal employees via international open sourced electronic searches and media searches. Develop relationship visualization displays for important relationships in order to provide a fuller risk picture. Sample trading transactions and review them in order to ensure integrity of the surveillance process.

•Continually assess the effectiveness of mitigating controls to minimize the residual risk of reputational damage and provide recommendations on enhancing the compliance framework.

•Monitor controls and identify and mitigate potential issues for all OIM investment compliance policies and procedures. This includes working collaboratively and in coordination with OIM staff to achieve organizational goals in accordance with standard operating procedures and in compliance with OIM's policies and procedures.

•Maintain positive interactions and communications with OIOS and the Board of Auditors as well as external auditors engaged for the financial statements. Facilitate audit examinations and finalize/close any recommendations.

•Review ICT Policies and Procedures in matters related to Compliance and the OIM Business Continuity/Disaster Recovery Plan and assist on testing of the BC/DR plans.

•Implement new Compliance procedures as needed.

•Maintain active involvement with OIM's responsibilities as a signatory to the UN-backed Principles for Responsible Investing initiative and other OIM socially responsible activities.

•Review, update and create Compliance rules in the OIM Compliance module of the trading system.

•Participation in projects, as needed.

•Perform other duties, as required.

Competencies

• Professionalism: Knowledge of, and ability to apply concepts and procedures and terminology for review, examination, and processing of a wide range of compliance related issues. Ability to interpret and apply legislative instruments, develop and present results, recommendations, and opinions clearly and concisely. Ability to draft formal documents and work under pressure. Ability to apply good legal judgment in the context of assignments given. 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.

• 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 finance, accounting, mathematics, computer science or economics or related field. A first-level university degree, in combination with two additional years of qualifying work experience may be accepted in lieu of the advanced university degree. Industry recognized compliance related credentials, or equivalent, is desirable.

Work Experience

A minimum of five years of progressively responsible professional experience in business ethics and corporate compliance is required.
Experience with a large and diverse investment fund or investment management firm is required.
At least three years of experience working with global Anti-Fraud and Regulatory Sanctions requirements and Conflict of Interest monitoring applicable to mutual funds, broker-dealers and investment management firms is desirable.
Experience with investment tools such as Bloomberg or equivalent is desirable.
Advanced knowledge of Excel is desirable.
Experience working with auditors 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 desirable.

Assessment

Evaluation of qualified candidates for this position may include a substantive assessment which will be followed by a 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.

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