Director, Public Equities

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 global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber, and commodities. OIM's staff are all based in New York but come from over 30 countries. For more information please visit OIM's website at https://oim.unjspf.org/.

This position is in the Public Equities Team under the Investments Section of the Office of Investment Management (OIM) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent will report to the Chief Investment Officer.

Responsibilities

Within delegated authority, the Director of public equities, will be responsible for the following functions.

1.Contributes to the work programme of the Office of Investment Management (OIM) by:

a. Implementing strategic and tactical asset allocation strategies for Public Equities based on the investment policy and strategy set by the Representative of the Secretary-General and Chief of Investment Officer (CIO), in consultation with the Investments Committee and the suggestions of the Pension Board.

b. Managing the Public Equities Section consisting of North America, Europe, Asia Pacific, and Global Emerging markets, External Management Team, and Trade Execution Team in seeking superior investment performance over the public equity benchmark without undue risks by ensuring sufficient resources, proper investment strategies, and adequate working environment.

c. Recommending the investment strategies for the Public equities including the regional allocations and sub-allocation for large cap and small cap and deciding the investments within the authority of the Director of Investments for Public Equities.

d. Supporting the CIO in recommending investment policy and strategy to the Representative of the Secretary-General.

e. Evaluating advice and recommendations of the investment advisors, industry experts and staff of the Unit.

f. Leading the implementation of the Sustainable Investment policy for the Public Equities.

g. Assessing investment performance by portfolio for Public Equities.

h. Recommending guidelines for asset allocation ranges, currency holdings, and market weightings, and for strategic and tactical short-term allocations.

i. Supporting programs for staff training and development to maintain and further develop the expertise of the 30+ Unit's personnel.

2. Assists the Representative of the Secretary-General for the Investments of the UNJSPF and the CIO to report on related matters to the Investments Committee, Pension Board, ACABQ and the Fifth Committee by:

a. Preparing and supervising the preparation of reports on investment performances, structure of the portfolio, investment policies and strategies, global economic and market conditions, the investment outlook and requirements for the financing of operations.

b. Presenting and defending proposals on the financing and staffing of the Public Equities to the Pension Board, ACABQ and Fifth Committee and providing answers along with explanations to the questions raised by Governing Bodies.

3. Supports the CIO in negotiating contracts with the investment advisors and external managers of the Fund along with and overseeing the said performance.

4. Represents the Office of Investment Management in internal and external fora.

5. Performs other duties as required such as participating in OIM wide projects including Asset Liability Management Studies and Benchmark Studies along with overseeing the Private Markets portfolio.

Education

Advanced university degree (Master's degree or equivalent) in business management, economics, finance, banking or portfolio investment management 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. Professional certification such as CFA or equivalent is desirable.

Work Experience

A minimum of 15 years of proven progressively responsible and practical experience in the investment management of public equity portfolios through the security selection based on the fundamental research is required.

Experience in investment management of public equity portfolios in multiple geographical regions, especially in the global emerging markets, is desirable.

Experience in financial institutions such as pension funds and endowment funds is desirable.

Applicants are urged to carefully follow all instructions available in the online recruitment platform, Inspira. Please go to https://careers.un.org/lbw/jobdetail.aspx?id=161174&Lang=en-US to apply