Job Opening

Posting Title: Chief of Section Risk and Compliance, D1
Job Code Title: CHIEF OF SERVICE, RISK AND COMPLIANCE
Department/Office: UNITED NATIONS JOINT STAFF PENSION FUND
Duty Station: NEW YORK
Posting Period: 04 January 2017 - 17 February 2017
Job Opening Number: 17-Investment Management-UNJSPF ECEO-62707-R-New York (R)
Staffing Exercise N/A
United Nations Core Values: Integrity, Professionalism, Respect for Diversity
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Special Notice

The United Nations Joint Staff Pension Fund (UNJSPF) is an independent inter-agency 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. An impeccable record for integrity and professional ethical standards is essential.

Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial Disclosure Programme.

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 Director of the Investment Management Division and the Representative of the Secretary-General.

Responsibilities

1.Assists the Representative of the Secretary-General and the Director of IMD in the development and implementation of the Fund's policy on investment risk control, compliance and performance and legal-related issues. Assists the Director of IMD in formulating the substantive work programme of the Risk & Compliance Section, determining priorities and allocating resources for the completion of outputs and their timely delivery.
2.Provides advice and support to senior management in special reviews of IMD objectives and related policies and procedures. Identifies potential management reviews of high sensitivity and complexity in areas such as risk management, compliance, performance and legal. Defines problems to be addressed in management reviews.
3.Monitors in close cooperation with the Director of IMD, emerging risks and integrates risk management principles consistent with the strategic framework and the risk budget of the Fund. Sets the tracking risk budget and monitors the tracking risk at the total Fund and various portfolio levels.
4.Performs oversight and monitoring of operational risk, including risk from sub-advisor and service-provider relationships by verifying Master Record Keeper(MRK) and performance data in due diligence of MRK.
5.Identifies, assesses and monitors risks relating to standards of ethical behavior, in particular with regard to management of conflicts of interest or the handling of confidential and inside information.
6.Oversees the management of activities undertaken by the Risk & Compliance Section to ensure that programmed activities are carried out in a timely fashion on all aspects of the Fund's operations, and makes recommendations on possible strategies and measures.
7.Ensures that all outputs produced by the Section under his/her supervision meet required standards before completion to ensure they comply with the relevant mandates
8.Coordinates the work carried out by different work units of IMD and by other agencies and bodies of the United Nations System.
9. Undertakes or oversees the programmatic tasks necessary for the functioning of IMD in relation to the Risk & Compliance Section including preparation of budgets, reporting on budget/programme, performance, evaluation of staff performance (e-PAS), interviews of candidates for job openings, evaluation of candidates and preparation of inputs for results based budgeting.
10.Coordinates and oversees the preparation of reports for presentation to the Investments Committee, Pension Board, and intergovernmental bodies, such as the Advisory Committee on Administrative and Budgetary Questions (ACABQ), the Fifth Committee, the General Assembly and other policy-making organs, as appropriate. Ensures independent reporting of the Fund’s performance to all advisory and governing bodies.
11.Manages, guides, develops and trains staff under his/her supervision.
12.Represents the Division at international, national and regional meetings as necessary.

Competencies

Professionalism:
- Demonstrated competence in and adherence to the standards of conduct of the profession and in the application of best practices;
-Command of investment risk and compliance software;
- Market and Operations risk management skills;
- Conceptual and analytical skills;
- Quantitative 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.
- 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.

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.


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

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

Judgement/ 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 degree) in finance, business management or related area is required. A first-level university degree in any of these fields, in combination with two additional years of qualifying work experience may be accepted in lieu of the advanced university degree.

Work Experience

A minimum of 15 years of progressively responsible experience in investment risk management, performance measurement and compliance for pension plans is required. Experience in market and operations risk management is required.Operational oversight experience in an investment management organization is required.

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.

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, including but not limited to, respect for international human rights and humanitarian law. Candidates may be subject to screening against these standards, including but not limited to, whether they have committed or are alleged to have committed criminal offences or violations of international human rights law and international humanitarian law.

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 At-a-Glance on "The Application Process" and the Instructional Manual for the Applicants, which can be accessed by clicking on “Manuals” hyper-link on the upper right side of the inspira account-holder homepage.

The screening and 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, including but not limited to, their education, work experience, and language skills, according to the instructions provided on inspira. Applicants will be disqualified from consideration if they do not demonstrate in their application that they meet the evaluation criteria of the job opening and the applicable internal legislations of the United Nations. Applicants are solely responsible for providing complete and accurate information at the time of application: 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 a reference-checking process to verify the information provided in the application.

Job openings advertised on the Careers Portal will be removed at midnight (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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