Job Opening 168307, Investment Officer, P-3
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 $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 Private Equity and Real Assets Team. The incumbent reports directly to the Senior Investment Officer, Alternative Investments.
The private markets portfolio of the UNJSPF consists of over 200 investments in private open-ended and closed-ended private markets funds (including private equity, real estate and real assets). Under the overall supervision of the Senior Investment Officer (SIO), the incumbent will be responsible for the following functions:
1. Assists the Senior Investment Officer (SIO) to manage and invest the assets of the Fund in private equity and real assets markets.
a. Balances long-term strategic goals with short-term performance objectives to outperform return benchmarks.
b. Monitors the various portfolio holdings and conduct appropriate security analysis at the direction of the SIO.
c. Complies with risk control parameters as delineated in the investments Policy and Procedures Manual with a goal to produce the optimal investment return that avoids undue risk.
d. Integrates Principles of Responsible Investments into investment analysis and monitor both internally and externally managed holdings, subject to OIM's standards of fiduciary responsibility to the Fund.
e. Conducts portfolio review periodically and presents in the Portfolio Review Meeting.
f. Conducts portfolio analysis using risk tools and analytical tools.
2. Conducts careful and thorough investment research:
a. Performs fundamental analysis through financial statements, market news, and other available information.
b. Reviews investment research and discuss with strategists, economists, security analysts through the advisors/research providers.
c. Attends investment conferences and Seminars to access academia and industry experts.
d. Assists in evaluating the quality of the advice of recommendations submitted by the Fund's research provider and appraise performance of external managers employed in the region.
3. Contributes to specific investment recommendations
a. Ensures Fund’s four investments criteria; i.e. safety, profitability, liquidity, and convertibility are met.
b. Contributes to making specific investment recommendations to achieve optimum investment performance with carefully review of the portfolio’s investment objectives and risk tolerance,
c. Presents and discusses investment recommendations to SIO of the relevant asset class/region,
d. Participates in the discussions and development of investment recommendations for asset allocation for the Fund.
a. Assists in the preparation of 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 the Office of Investment Management in reporting on investments and related matters to governing bodies.
Advanced university degree (Master's degree or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. A first-level university degree in combination with additional two years of qualifying experience may be accepted in lieu of the advanced university degree. Chartered Financial Analyst (CFA) or Chartered Alternative Investment Analyst (CAIA) designation is desirable.
A minimum of five (5) years of progressively responsible experience in quantitative and qualitative investment analysis is required.
Investment management experience in private markets area including either private equity and/or real assets is desirable.
Experience working at an Institutional Investor Organization such as Pension funds, Endowments, Foundations is desirable.