Tittel: Investment Officer
Kontraktstype: Permanent
Stillingsprosent: 100%
Sted: New York
Arbeidsgiver: United Nations Joint Staff Pension Fund
Ref.kode: 28352
Søknadsfrist: 06-10-2013
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Investment Officer (Emerging Market Equities), P4
This position is located in the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent reports directly to the Deputy Director, Investments Management Division.
Responsibilities:
Under the overall supervision of the Deputy Director, Investments Management Division, the incumbent will be responsible for the following functions:
- Invest and manage the assets of the Fund in Emerging Market equities to produce the optimal investment return that avoids undue risk, balancing long-term strategies to achieve results superior to the MSCI benchmarks by constructing and monitoring the internally-managed portfolio through dedicated research while complying with risk control parameters as delineated in the Investment Manual.
- Conduct research of investments including regular investment visits and ongoing communications with brokerage houses and other financial institutions.
- Recommend and execute specific purchases or sales of securities on a daily basis or as appropriate in order to achieve results superior to the benchmark ensuring that investment transactions are executed by brokers in accordance with instructions and market conditions at the time.
- Integrate Principles of Responsible Investments into investment analysis, subject to the Investment Management Division's standards of fiduciary responsibility to the Fund.
- Prepare reports on investment returns and strategy for review and discussion in regularly scheduled meetings, such as, Investment Committee and Portfolio Review meetings.
- Contribute to the decision-making related to asset allocation by providing regional outlook for asset class by contributing experience and knowledge gained in investment management of regional portfolio.
- Participate in quarterly Investment Committee meetings.
- Implement asset class and regional allocation strategies decided upon by the Representative of the Secretary-General for the investments of the UNJSPF.
- Ensure that the Director of the Investment Management Division and the Representative of the Secretary-General have accurate and timely reports on investments and related matters for the UNJSPF Pension Board, the Advisory Committee on Administrative and Budgetary Questions (ACABQ), the Fifth Committee and the General Assembly by producing papers on investment-related subjects; preparing draft speeches of the Representative of the Secretary-General on investment matters.
- Conduct informal discussions with delegates to those bodies when requested by supervisors.
- Supervise investment-related work at the Investment Management Division by ensuring that investment transactions are executed by brokers in accordance with instructions and market conditions at the time.
- Evaluate the quality of the advice and recommendations submitted by research providers, appraising performance of external managers employed in the region.
- Promote a high standard of transparency and accountability in all aspects of the management of the assets of the Fund through accurate recordkeeping.
- Direct production of investment data that is accurate and timely.
- Interact effectively with internal and external auditors to ensure that assets are fully protected.
- Ensure that the Investment Management Division maintains a high level of professional investment expertise and knowledge by exploring published economic and investment material provided by investment brokers, banks, government sources and financial analysts.
- Lead regular meetings/discussions with the designated investment advisors and other sources of information.
- Participate in seminars on investment topics; planning and conducting meetings with top management of companies of interest or potential interest to the Fund.
- Exchange views and provision of advice and guidance to colleagues within the Investment Management Division.
- Supervise and training of staff to improve skills and expand experience in order to increase motivation and promote superior performance by all staff members.
- Recruit staff for the Investment Management Division subject to approval by the Director, taking due account of geographical and gender balance and other institutional values.
Competencies:
PROFESSIONALISM
- Demonstrated ability and sound knowledge of applied macroeconomics, security analysis and portfolio management.
- Ability to work under pressure and provide accurate, efficient and effective results.
- Demonstrated ability to interact with senior corporate management and brokerage analysts in order to solicit relevant investment information.
- Ability to utilise various portfolio management and data processing tools; such as Bloomberg, Charles River, etc., and familiarity with the use of internet applications and MS Office programmes.
- Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.
ACCOUNTABILITY:
- Takes ownership of all responsibilities and honours commitments.
- Delivers outputs for which one has responsibility within prescribed time, cost and quality standards.
- Operates in compliance with organisational regulations and rules.
- Supports subordinates, provides oversight and takes responsibility for delegated assignments.
- Takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.
TEAMWORK:
- Works collaboratively with colleagues to achieve organizational goals.
- Solicits input by genuinely valuing others’ ideas and expertise; is willing to learn from others.
- Places team agenda before personal agenda.
- Supports and acts in accordance with final group decision, even when such decisions may not entirely reflect own position.
- Shares credit for team accomplishments and accepts joint responsibility for team shortcomings.
MANAGING PERFORMANCE:
- Delegates the appropriate responsibility, accountability and decision-making authority.
- Makes sure that roles, responsibilities and reporting lines are clear to each staff member.
- Accurately judges the amount of time and resources needed to accomplish a task and matches task to skills.
- Monitors progress against milestones and deadlines.
- Regularly discusses performance and provides feedback and coaching to staff.
- Encourages risk-taking and supports creativity and initiative.
- Actively supports the development and career aspirations of staff.
- Appraises performance fairly.
JUDGEMENT / DECISION-MAKING:
- Identifies the key issues in a complex situation, and comes to the heart of the problem quickly.
- Gathers relevant information before making a decision.
- Considers positive and negative impacts of decisions prior to making them.
- Takes decisions with an eye to the impact on others and on the Organization.
- Proposes a course of action or makes a recommendation based on all available information.
- Checks assumptions against facts.
- Determines that the actions proposed will satisfy the expressed and underlying needs for the decision.
- Makes tough decisions when necessary.
Education:
Advanced university degree (Master's degree or equivalent) in Business and Administration (MBA), Finance, Economics or related area. Chartered Financial Analyst (CFA) designation is desirable. A first-level university degree in combination with additional two years of qualifying experience may be accepted in lieu of the advanced university degree.
Work Experience:
A minimum of seven (7) years of progressively responsible experience in investment analysis and/or investment management, alternative assets, real estate, equities, fixed income or related area is required. Experience in investment analysis and/or investment management in the area of equities for Asian emerging markets is desirable. Experience in following and researching major markets within Asian Emerging Markets, such as People's Republic of China, Republic of Korea, etc. is desirable. Experience in pension funds, public funds and central banks is desirable. Qualifying years of experience are calculated following the receipt of the first level university degree recognized by the United Nations.
Languages:
English and French are the working languages of the United Nations Secretariat. For the post advertised, fluency in English (oral and written) is required. Knowledge of French is desirable. Knowledge of an other UN official language is an advantage.
Assessment Method:
Evaluation of qualified applicants may include a substantive assessment, which may be followed by a competency-based interview.
Special Notice:
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.
United Nations Considerations:
The United Nations shall place no restrictions on the eligibility of men and women to participate in any capacity and under conditions of equality in its principal and subsidiary organs. (Charter of the United Nations - Chapter 3, article 8). The United Nations Secretariat is a non-smoking environment.
No Fee:
THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.
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