Senior Investment Officer, P-5
Job Opening: 210569
Closing Period: September 1, 2023
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 Real Estate & Real Assets team within the Private Markets Section of the Office of Investment Management (OIM) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent will report to the Director of the Private Markets Section, who reports directly to the Chief Investment Officer (CIO).
Within delegated authority, the incumbent would perform the following functions:
1) Invest and manage the assets of UNJSPF (“UNJSPF” or the “Fund”) in real estate & real assets investments to produce the optimal investment return that avoids undue risk, balancing long-term strategies effective over an investment cycle and short-term tactics to achieve results superior to the benchmarks by:
a) Constructing and monitoring the real estate & real assets investment portfolios in conjunction with the Fund's overall investment objectives.
b) Taking initiatives in the selection of investment opportunities in order to construct real estate & real assets investment portfolios through dedicated research while complying with risk control parameters as delineated in the Investment Manual;
c) Monitoring and evaluating the investment risks and returns and the quality of the selected fund managers, co-investments and separately managed accounts;
d) Directing research of real estate & real assets investments through macroeconomic and microeconomic research;
e) Recommending, executing and managing real estate & real assets investments in order to achieve results superior to the relevant benchmarks;
f) Integrating Sustainable Investing principles into investment consideration, directing and coordinating the preparation of reports on investment returns and strategy for review and discussion in regularly scheduled Investments Committee and portfolio review meetings as well as any ad hoc meetings as requested
2) Contribute to the decision-making related to the specific real estate & real assets investments, related strategic planning, and other real estate & real assets investments’ related tasks in the Private Markets Committee (PMC);
a) Presenting real estate & real assets strategic and annual plans for management approval;
b) Participating In Investments Committee meetings when requested and preparing the required inputs;
c) Ensuring that the Director of Private Markets, Chief Investment Officer of OIM and the Representative of the Secretary-General (RSG) for investments of UNJSPF have accurate and timely reports on investments and related matters for the UNJSPB, the ACABQ and the General Assembly
3) Manage, supervise and carry out the work programme of the unit under his/her responsibility by;
a) Managing and supervising a team of real estate & real assets investment professionals;
b) Complying with the Investment Policy, investment and risk guidelines, and all of the UN rules and regulations; ensuring that the investments are in line with the OIM investment;
c) Promoting a high standard of transparency and accountability in all aspects of the management of the assets of the Fund through accurate record keeping; directing production of investment data that is accurate and timely;
d) Seeking the highest quality and best value for money financial resource management services including, but not limited to, advisors, research providers, database, travel and consultants;
e) Interacting effectively with internal and external auditors to ensure that assets are fully protected
4) Maintain a high level of professional investment expertise and knowledge by:
a) Exploring published economic and investment material provided by investment brokers, banks, government sources and financial analysts; participating in seminars on investment topics;
b) Planning and conducting meetings with real estate & real assets fund managers;
5) Carrying out administrative tasks necessary for the functioning of the unit, including budgets, conducting evaluation of staff performance (e-PAS), interviews of candidates for job openings and evaluation of candidates, etc;
6) Perform other duties as assigned. Initiate and lead special projects designed to improve the work programme
a) Initiate and lead special projects designed to improve the work programme.
b) 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.
Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Economics or related field is required. A first level university degree in combination with an additional two years of qualifying experience may be accepted in lieu of the advanced university degree.
A minimum of ten years of progressively responsible investment management experience in global private real estate markets via fund investments and co-investments is required.
Investment management experience in global private infrastructure is desirable.
Experience in pension funds, public funds, endowments, foundations or sovereign wealth 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=210569&Lang=en-US to apply.