Job Opening 166416, Investment Officer, P-4
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 is, in turn, assisted in this function by the Office of Investment Management (OIM). OIM manages a $86+ 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 is located in the Fixed Income Team of OIM. The incumbent reports to the senior investment officer.
Under the overall supervision of the Director, the incumbent will perform the following duties:
1.Manages and executes Foreign Exchange, Money Market and Fixed Income investments in over 30 currencies with approved counterparties according to the Investment guidelines Implements investment strategy and monitors portfolios.
a. Maintains bank/broker-dealer relationships and stays up to date on relevant global market issues and events
b. Monitors counterparty risk, rating changes and limits
c. Monitors portfolio to achieve the performance to meet the Funds investment objectives by reviewing both portfolio and benchmark performance on a regular basis.
d. Ensures that all of the investments are in compliance with IMD's investment and policy guidelines.
e. Conducts portfolio review periodically and presents in the Portfolio Review Meeting.
2. Responsible for daily cash requirements (cash management) for liquidity of global investment portfolios and OIM funding needs.
a. Reviews investment research and discuss with strategists, economists, security analysts through brokerage community and the Advisors/Research providers.
b. Engages with senior members of corporate management to review their business and corporate strategies.
c. Attends investment conferences and seminars to access academia and industry experts
d. Conducts portfolio analysis using risk tools and analytical tools.
3. Monitors currency exposures incorporating cash flow forecasting and executes foreign exchange transactions in major and exotic currencies to fund global operations
a. Ensures the Fund's four investments criteria: i.e. safety, profitability, liquidity, and convertibility.
b. Makes specific investment recommendations to achieve optimum investment performance with careful review of the portfolio's investment objectives and risk tolerance.
c. Presents and discusses investment recommendations to the Senior Investment Officer of the relevant asset class/region
d. Participates in the discussions and development of investment recommendations for asset allocation for the Fund
a. Reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF and Director of OIM when requested.
b. Assists the Director of Office of Investment Management in reporting on investment and related matters to governing bodies, including the UNJSPF Pension Board, the Fifth Committee, Board of Auditors, Office of Internal Oversight Services (OIOS)
5. Maintains a high level of professional investment expertise by:
a. Participating in seminars and taking courses in investment topics.
b. Keeping abreast of rapidly changing techniques of portfolio management and exchanging view with colleagues and members of the investment community.
Advanced university degree (Master's or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. A first degree level university degree in combination with two additional years of experience in investment management may be accepted in lieu of the advanced degree.
A minimum of seven years of progressively responsible work experience in Foreign Exchange management and trade execution, with emphasis on Emerging Market currencies, is required.
Buy-side portfolio management experience is required.
Practical experience in Fixed Income/Money Market and foreign exchange is desirable.
Practical experience in credit and ISDA Master Agreement negotiation is desirable.