Senior Compliance Officer, P5
Job Opening 203020
Closing Period: 04/23/23 at 11:59 p.m. (New York time)
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 approximately $70+ 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 leads the Compliance team within the Risk and Compliance Section of the Office of Investment Management (OIM) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent will report to the Chief of the Risk and Compliance Section, who reports directly to the Representative of the Secretary-General (RSG) of OIM.
Within delegated authority, the incumbent would perform the following functions:
- Leads the ongoing development, enhancements, and day to day operations of OIM’s compliance program, also ensuring compliance program is well documented, with the assistance of appropriate tools and well known to OIM staff.
- Ensures that the steps in OIM's compliance process - compliance risk identification, establishing policies and procedures and implementing them - are appropriate and are undertaken in a timely manner by OIM Staff to whom those functions have been assigned.
- Serves as the Compliance Focal Point for new endeavors of the Fund including the implementation of new financial instruments such as derivatives.
- Ensures that the appropriate principles of management and control are observed in the implementation of policies and procedures. These principles include separation of functions, clear assignment of responsibilities, measuring results against standards and reporting outcomes.
- Leads the transactional testing as appropriate to detect deviations of actual transactions from policies or standards and that the results of such tests are included, and other management reports are properly addressed, escalated when necessary, and resolved by the responsible section leads.
- Ensures that there is timely and appropriate review of material and repetitive compliance issues as indicators of possible gaps and weaknesses in policies and procedures or risk identification processes and facilitates the use of such information in updating OIM's compliance program.
- Addresses conflict of interest, reputational risk, insider trading, gifts and hospitality, AML and other compliance issues and undertakes periodic analyses and evaluations of compliance issues together with the results of appropriate testing conducted by OIM Compliance staff as a means of obtaining additional or corroborating evidence regarding both the effective functions of OIM's compliance program and the possible existence of disguised or undetected compliance issues. Keep respective policies updated and revised.
- Coordinates compliance due diligence on external managers and vendors. Makes sure Compliance Reputational risk dashboard is updated.
- Actively participates in committees such as the Compliance Committee, the Risk Committee, as well as any other committees or working groups as needed. Act as the Secretary of the Compliance Committee
- Ensures that OIM Staff are appropriately trained in compliance and ethics-related matters. A key component of this is OIM's annual ethics training program.
- Serves as Audit Focal Point for the Board of Auditors and the Office of Internal Oversight Services as well as external consultants for the testing of internal controls related to the Financial Statements, facilitating, and coordinating the activities of such examinations including the resolution of findings and observations and also reviewing the Statement of Work for the testing of controls by the external consultant.
- Serves as the Focal Point for OIOS investigations by facilitating and assisting their efforts of retrieval of documentation including e-Discovery.
- Provides general oversight to compliance matters related to ICT and Business Continuity Policies.
- Ensures that OIM's basic responsibilities as a signatory to the UN-endorsed Principles for Responsible Investment (PRI) initiative are met, to include completion of the PRI annual survey and participation or direction in PRI activities.
- Participates in ad-hoc OIM projects as requested by the Chief Risk and Compliance Officer.
- Mentoring, guiding, and training new team members.
- Leads team members efforts to collect and analyze data and provides insight to identify trends or patterns for data-driven planning, decision-making, presentation and reporting. Ensures that everyone can discover, access, integrate and share the data they need.
- 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 matters; Market and Operational risk/Enterprise-wide 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 direct reports, particularly in terms of substantive quality. Knowledge and professional experience in investment compliance matters. Knowledge and understanding of theories, concepts and approaches relevant to this field. Ability to identify issues, analyze and participate in the resolution of issues/problems. Ability to conduct data collection using various methods. Ability to apply judgment in the context of assignments given, plan own work and manage conflicting priorities.
- The ability to analyze and interpret data in support of decision-making and convey resulting information to management; Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter; is conscientious and efficient in meeting commitments, observing deadlines and achieving results; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations.
- 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
- Accountability: Takes ownership of all responsibilities and honors 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.
- 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 to gain support; anticipates and resolves conflicts by pursuing mutually agreeable solutions; strives for change and improvement; does not accept the status quo; shows the courage to take unpopular stands. Provides leadership and takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work; demonstrates knowledge of strategies and commitment to the goal of gender balance in staffing.
- Judgement/Decision-making: Identifies the key issues in a complex situation, often with limited or imperfect data in a changing investment environment, and comes to the source 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 toward the impact on others, the Fund, and on the Organization; proposes a course of investment actions or makes recommendations based on all available information; checks assumptions against facts; determines the actions proposed will satisfy the expressed and underlying needs for the decision; makes tough decisions when necessary.
Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Economics, Law or related field is required. A first level university degree in combination with academic qualifications and experience in investment compliance may be accepted in lieu of the advanced degree. A CFE (certified fraud examiner) credential is desirable.
A minimum of ten years of progressively responsible experience working in investment management/financial institutions is required.
A minimum of seven years of direct experience with compliance is required.
English and French are the working languages of the UN Secretariat. For this position, fluency in English is required. Knowledge of another UN official language is desirable.
For more information on how to apply, please follow: https://careers.un.org/lbw/jobdetail.aspx?id=203020&Lang=en-US