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 Investment Management Division (IMD) of the UNJSPF. IMD manages a $65 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. IMD’s staff are all based in New York, but come from over 30 countries.
Staff members are subject to the authority of the Secretary-General and to assignment by him or her. In this context, all staff are expected to move periodically to new functions in their careers in accordance with established rules and procedures. Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial Disclosure Programme. An appointment to the IMD of the UNJSPF additionally requires compliance with the rules and regulations pertaining to IMD’s Code of Ethics, Personal Securities, Gift and hospitality polices. The United Nations Secretariat is committed to achieving 50/50 gender balance in its staff. Female candidates are strongly encouraged to apply for this position.
This position is located in the Risk and Compliance Section of the Investment Management Division of the United Nations Joint Staff Pension Fund. The Risk Officer reports to the Deputy Director, Risk and Compliance, of the Office of Investment Management (OIM).
Within delegated authority, the Risk Officer will be responsible for the following duties:
• Analysis of investment performance for all asset classes (fixed income, equities, private equity and real estate).
• Create, prepare on a regular basis and analyze risk and performance reports.
• Monitor and identify risk, interpret reports and formulate risk reduction and performance enhancing options.
• Assist the Deputy Director in performing operational due diligence and monitoring of alternative and external asset managers.
• Model and integrate risk and performance statistics by conducting research on macroeconomic factors, risk metrics reports to make quantitative judgment on lucrative investments and prune unattractive investments.
• Conduct quantitative analysis on Fund's assets for the effectiveness and use of indexed tools for offsetting the market, currency, duration, interest rate risks. Manage the pricing and securities databases and conducts independent performance calculations.
• Develop and deliver assessment of portfolio risks of both internally and externally managed investments.
• Assist the Deputy Director in risk monitoring program which includes market, operational and credit risk.
• Represent the Fund at inter-agency meetings, seminars, etc. on substantive-relative issues as instructed by the Deputy Director, Risk and Compliance.
• Participate in international, regional or national meetings and provide programmatic/substantive expertise on Portfolio Risk Analysis and Performance Attribution, or holds programmatic/substantive and organizational discussions with representatives of other institutions.
• Carries out other tasks as may be assigned by the Director of IMD or Deputy Director, Risk and Compliance.
Advanced University Degree in Finance, Business Management, Mathematics, Systems Engineering or Applied Mathematics, or related field is required. A first level university degree with a combination of relevant academic qualifications and experience in investment performance analysis and risk management fields many be accepted in lieu of the advanced university degree. A professional certification (Chartered Financial Analyst or its equivalent) is desirable.
At least five (5) years of professional and operational oversight experience working in investment management institutions is required. Detailed understanding of investment portfolio performance analytics and market risk management concepts is desirable.
English and French are the working languages of the United Nations Secretariat. For this post, fluency in written and oral English is required. Knowledge of another official UN language is an advantage.
Applicants are urged to carefully follow all instructions available in the online recruitment platform, Inspira.
Please go to https://careers.un.org to apply, using Job Opening Number: 101045.