Investment Officer
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 is, in turn, assisted in this function by the Office of Investment Management (OIM). OIM manages a $70+ 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 in the Global Emerging Markets Equity Team of OIM. The incumbent reports to the Senior Investment Officer.
Responsibilities
Under the overall supervision of the Senior Investment Officer, the incumbent will perform the following duties:
1. Conducts careful and thorough research, focusing on company specific investment opportunities, using various valuation tools and incorporating qualitative factors, including but not limited to, environmental, social and governance (ESG) aspects.
2. Makes specific investment recommendations
• Plans and conducts meetings with company management of potential interest to the Fund, and meetings with management where the Fund is invested.
• Regularly discusses and review recommendations with other team members and Senior Investment Officer
• Implements investment strategy, taking into account existing guidelines approved by the Representative of the Secretary General (RSG) for the Investments of the Fund.
3. Researches the global macroeconomic environment and outlook, with a primary focus on the CEEMEA region (Central & Eastern Europe, Middle-East and Africa), a secondary focus on Latin America, and recommends appropriate strategies
4. Analyzes geopolitical environment, with a primary focus on the CEEMEA region and a secondary focus on Latin America, in order to help assess and manage the portfolio’s overall risk.
5. Attends seminars and conferences on Emerging Markets equity investments and related topics.
6. Conducts portfolio analysis using risk and analytical tools.
7. Contributes to the formulation of recommendations on asset allocation for the Fund’s total portfolio by providing the economic outlook and the valuation on the assigned markets.
8. Helps the Senior Investment Officer implement specific purchases and sales of securities, and exercises delegated authority on Emerging Markets equity investments with the utmost of care and discretion.
9. Takes initiative and contributes in selecting and managing outside investment advisers, managers and brokers.
10. Reporting
• Participates in the quarterly Investments Committee meetings and contributes to the discussion on the investments.
• Prepares management reports on investment matters for submission to appropriate United Nations governing bodies. Ensures that accurate data is available in a timely manner for the Investments Committee, the Pension Board, the Fifth Committee, ACABQ and the General Assembly.
• Interacts effectively with external and internal auditors to ensure that the Fund’s assets are fully protected and to promote the highest standard of transparency and accountability in the management and record-keeping of the assets of the Fund.
• Ensures the provision of guidance, performance evaluation, supervision and mentoring to all administrative support staff and other staff within his/her areas of responsibility.
• Performs other related work as required.
Education
Advanced university degree (Master's degree or equivalent degree) 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. A certification as a Chartered Financial Analyst (CFA) is desirable. An additional university degree in political sciences or in computer sciences is desirable.
Work Experience
A minimum of five (5) years of progressive experience in Emerging market Equities experience, of which at least 3 years focused on the Central & Eastern Europe, Middle-East and Africa (CEEMEA) region are required.
Experience in buy side portfolio management is required.
Analysis and investment management experience in Latin America is desirable.
Experience using advanced equity valuation tools, such as the Credit Suisse Holt or similar is desirable.
Experience in quantitative methods is desirable.
Languages
English and French are the working languages of the United Nations Secretariat. For this post, 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 go to https://careers.un.org/lbw/jobdetail.aspx?id=130797&Lang=en-US to apply.