Closing Period: 23 April 2022

Job Opening Number: 22-Investment Management-UNJSPF OIM-176638-R-New York (R)

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 (RSG) for the investment of the assets of the UNJSPF. The RSG heads the Office of Investment Management (OIM), which manages a $80+ 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. OIM’s staff are all based in New York but come from over 30 countries.

This position is located on the North America Equities Team within OIM. The incumbent will report to the Senior Investment Officer. The team implements a low-turnover, GARP oriented investment style to invest primarily in large capitalization US and Canadian equities.

Responsibilities

1. Assists the Senior Investment Officer (SIO) to manage and invest the assets of the Fund in public North America equity markets.
   1. Balances long-term strategic goals with short-term performance objectives to outperform return benchmarks.
   2. Monitors the various portfolio holdings and conduct appropriate security analysis at the direction of the SIO.
   3. Complies with the Investment Policy Statement, investment parameters and processes as outlined in the Investments Procedures, and risk control parameters as outlined in the Risk Manual, with the objective of generating stable excess returns over the calendar year and rolling 3-year periods versus the benchmark while remaining within the allocated risk budget, investment guidelines, and other limits approved from time to time by the Risk Committee of OIM.
   4. Integrates OIM’s approach to Sustainable Investing into investment analysis, while remaining entirely consistent with OIM's fiduciary responsibility for the assets of the Fund.
   5. Contributes actively to market-related discussions within the North America Equities Team, at the Weekly Investment Meeting to which all OIM staff are invited, and to the deliberations of other committees and meetings to which s/he may be invited from time to time.
   6. Assists with analysis and presentations to support the Quarterly Performance Review meeting with the RSG and other members of the senior management team.
   7. Conducts portfolio analysis using risk tools and analytical tools.
2. Conducts careful and thorough investment research:
   1. Reviews and analyzes information from various sources including the financial community, on-site visits and meetings with company managements, and ESG databases
   2. Performs fundamental analysis through review of financial statements, corporate announcements, market news, and other publicly available information.
   3. Reviews investment research and discusses with strategists, economists, security analysts through brokerage community and the Advisors/Research Providers.
   4. Interviews corporate managements of target investment companies.
   5. Attends investment conferences and seminars to access corporate managements, academics, and industry experts.
3. Makes specific investment recommendations
   1. Ensures adherence to Fund’s four investments criteria; i.e. safety, profitability, liquidity, and convertibility.
   2. Integrates material ESG considerations in stock selection to conform to OIM’s approach to Sustainable Investing.
   3. Makes specific investment recommendations to achieve the objective of achieving stable excess returns versus the benchmark consistent with allocated risk budget, approved investment guidelines, and other limits.
   4. Presents and discusses investment recommendations to the Senior Investment Officer of North America Equities.
4. Reporting
   1. Assists in the preparation of reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF and other members of the senior management team when requested.
   2. Prepare Performance Review periodically and supports the Senior Investment Officer in the Quarterly Performance Review Meeting.

Education

Advanced university degree (Master's degree or equivalent) in Business Administration (MBA), Finance, Economics 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. Chartered Financial Analyst (CFA) designation or equivalent is desirable.

Work Experience

A minimum of five years of progressively responsible experience in US fundamental equity investment analysis including making buy and sell recommendations in an institutional investment environment is required.
Buy side experience is desirable.
Canadian equity investment analysis experience is desirable.
Quantitative research skills, such as developing quantitative equity screens is desirable.
Experience in loading and sending trades including program trades is desirable.
Portfolio analysis skills, such as performing portfolio analysis based on data provided by Bloomberg, HOLT, and William O’Neil is desirable.
Experience with interpreting index change impacts on the portfolio, assessing pre-trade market liquidity and assisting with rebalance trades is desirable.
Experience or training in developing Microsoft Power Apps 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 UN official language is desirable.

Applicants are urged to carefully follow all instructions available in the online recruitment platform, Inspira. Please CLICK HERE to apply.