Risk Officer, P3
Job Opening 154353, Risk Officer, P3
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 $80+ 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 Senior Risk Officer.
Within delegated authority, the Risk Officer will be responsible for the following duties:
• Monitor and identify market risk for public equities and fixed income securities, prepare and interpret reports and formulate risk reduction and performance enhancing options.
• Provide assistance to Asset-Liability management and benchmark studies within a pension fund context and strategic asset allocation exercises.
• Assists in policy development, including conducting quantitative analysis on Fund's assets for the effectiveness and use of indexed tools and derivatives instruments for hedging equity, currency, duration, interest rate, and other risks.
• Contribute to the ongoing development, enhancement and day to day operations of risk budget, value at risk, stress testing and other market risk measurements for the Fund's market risk exposures.
• Prepares various written outputs, e.g. weekly, monthly, quarterly and annual reporting on the Fund's market risk for Global Public Equities and Global Fixed Income and running Risk dashboard reports and produce new market risk report as needed
• Participates in the development, implementation and evaluation of assigned programmes/projects, etc.; monitors and analyzes programme/project development and implementation; reviews relevant documents and reports; identifies problems and issues to be addressed and proposes corrective actions; liaises with relevant parties; identifies and tracks follow-up actions.
• Performs assignments, in collaboration with the colleagues, by planning facilitating workshops, through other interactive sessions and assisting in developing the action plan the risk team will use to manage the change.
• Researches, analyzes and presents information gathered from diverse sources, such as assisting with preparing and finalizing modelling and integration of risk statistics by conducting research on risk metrics reports to provide quantitative inputs on various investment proposals and existing portfolio of investments.
• Undertakes survey initiatives; designs data collection tools; reviews, analyzes and interprets responses, identifies problems/issues and prepares conclusions.
• Provides substantive support to consultative and other meetings, conferences, etc., to include proposing agenda topics, identifying participants, preparation of documents and presentations, etc.
• Undertakes outreach activities; conducts training workshops, seminars, etc.; makes presentations on assigned topics/activities.
• Coordinates activities related to budget and funding (programme/project preparation and submissions, progress reports, financial statements, etc.) and prepares related documents/reports (pledging, work programme, programme budget, etc.).
• Performs other duties that may be assigned by the Senior Risk officer or the Chief Risk and Compliance officer.
Advanced university degree (Master’s degree or equivalent) in business administration, finance, economics, engineering, computer science or a related field. A first-level university degree in combination with qualifying experience may be accepted in lieu of the advanced university degree.
A minimum of five years of progressively responsible experience in market risk management is required. Experience of at least 2 years in managing risk for equities or fixed income securities is desirable. Experience in implementing risk systems is desirable. Experience in coding with Python or other equivalent programming languages 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=154353&Lang=en-US to apply.