Investment Officer (Emerging Markets) Investment Officer (Emerging Markets) …

UNJSPF/Investment Management Division
in New York, NY
Permanent, Full time
Last application, 06 Dec 21
Competitive
UNJSPF/Investment Management Division
in New York, NY
Permanent, Full time
Last application, 06 Dec 21
Competitive

Job Opening 167095, 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 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 Investment Officer of the securitized portfolio.

Responsibilities

Under the overall supervision of the Director of Fixed Income, the incumbent will perform the following duties:

1. Assists the Investment Officer securitized portfolio (IO) to manage and invest the assets of the securitized bond portfolio.

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 IO securitized portfolio.

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 and quantitative fixed income structured securities analysis using prepayment models, stress testing, academic and street research, sector related performance data and other publicly available information.

b. Reviews investment research and discuss with strategists, economists, security analysts through brokerage community and the Advisors/Research Providers.

c. Analysis of agency MBS, ABS and CMBS structure, credit and collateral and conducts portfolio analysis using risk tools and analytical tools.

d. Attends investment conferences and seminars to access academia and industry experts.

e. Assists in evaluating the performance of the Fund's research providers and vendors. This includes, assisting in conducting due diligence, analysis, monitoring and appraise performance of external managers to be employed or employed by fixed income.

f. Supports the implementation of the OIM derivative projects.

3. Makes specific investment recommendations

a. Meets the Fund’s four investments criteria; i.e. safety, profitability, liquidity, and convertibility,

b. Makes 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 IO securitized portfolio as well as wider fixed income department where appropriate,

d. Participates in the discussions and development of investment recommendations for asset allocation for the Fund.

4. Reporting

a. Assists in the accurate and timely preparation of reports to the Representative of the Secretary-General for the Investments of the UNJSPF and Director of Fixed Income when requested.

b. Assists the Director of Fixed Income in reporting on investments and related matters to governing bodies.

c. Assists in the creation of reports with financial software to aid in analytics.

Education

Advanced university degree (Master's or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. A first level university degree in combination with two additional years of experience in investment management may be accepted in lieu of the advanced degree.

Work Experience

A minimum of five years portfolio management analytics experience in US fixed income securitized markets, specifically in agency MBS CMBS and ABS is required.

Buy-side portfolio management experience is required.

Experience in managing and trading US securitized portfolio exposures at a large pension fund, investment manager or insurance company is desirable.

Experience in other securitized credit and/or quantitative portfolio modeling is desirable.

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