Director, Private Markets, D-1
Job Opening 168327
United Nations Joint Staff Pension Fund – Office of Investment Management
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 $86+ billion multi-asset class, global investment portfolio, about 85% of which is actively managed in-house. Asset classes under management comprise of 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 over 30 countries. For more information please visit OIM's website at https://oim.unjspf.org/.
This position is in the Private Equities Section of the Office of Investment Management (OIM) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent will report to the Chief Investment Officer.
Within delegated authority, the Director of private equities, will be responsible for the following functions:
1.Contributing to the work programme of the Office of Investment Management (OIM) by:
a. Implementing strategic and tactical asset allocation strategies for Private Markets and other alternative investments based on the investment policy and strategy set by the Representative of the Secretary-General and Chief of Investment Officer (CIO), in consultation with the Investments Committee and the suggestions of the Pension Board.
b. Managing the Private Markets teams consisting of Private Equity/Real Assets and Real Estates in seeking superior performance over the respective benchmarks without undue risks by ensuring sufficient resources, proper investment strategies, and adequate working environment.
c. Recommending the investment strategies for the Private Markets and other alternative investments and deciding the investments within the authority of the Director of Investments for Private Markets.
d. Supporting the CIO in recommending investment policy and strategy to the Representative of the Secretary-General.
e. Evaluating advice and recommendations of the investment advisors, industry experts and staff of the Unit.
f. Leading the implementation of the Sustainable Investment policy for the Private Markets and other alternative investments.
g. Assessing investment performance by portfolio for Private Markets and other alternative investments.
h. Recommending guidelines for asset allocation ranges, currency holdings, and market weightings, and for strategic and tactical short-term allocations.
i. Supporting programs for staff training and development to maintain and further develop the expertise of the 10+ Unit's personnel.
2. Assists the Representative of the Secretary-General for the Investments of the UNJSPF and the CIO to report on related matters to the Investments Committee, Pension Board, ACABQ and the Fifth Committee by:
a. Preparing and supervising the preparation of reports on investment performances, 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 Private Markets and other alternative investments to the Pension Board, ACABQ and Fifth Committee and providing answers along with explanations to the questions raised by Governing Bodies.
3. Supports the CIO in negotiating contracts with the investment advisors and external managers of the Fund along with and overseeing the said performance.
4. Represents the Office of Investment Management in internal and external fora.
5. Performs other duties as required such as participating in OIM wide projects including Asset Liability Management Studies and Benchmark Studies.
Advanced university degree or equivalent experience and sound knowledge of portfolio investment management and finance. A first level university degree in combination with qualifying experience may be accepted in lieu of the advanced university degree. Chartered Financial Analyst (CFA) designation is desirable.
A minimum of 15 years of proven progressively responsible and practical experience in the management of investment of well-diversified Private Markets portfolios in large sized institutions is required.
A minimum of 10 years of experience in underwriting Private Equity and/or Real Estates funds is required.
Experience in public pension funds is desirable.
Experience in managing global portfolios including emerging markets is desirable.
Experience in broader alternative investments including absolute return strategies is desirable.
Experience in financial institutions such as pension funds and endowment funds is desirable.
Applicants are urged to carefully follow all instructions available in the online recruitment platform, Inspira. Please go to https://careers.un.org/lbw/jobdetail.aspx?id=168327&Lang=en-US to apply.