Investment Officer (Asset Allocation)
- Employer
- UNJSPF/Investment Management Division
- Location
- New York, USA
- Salary
- Competitive
- Closing date
- Nov 5, 2021
View more
- Job Function
- Banking
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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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 located in the Office of the RSG. The incumbent reports to the Chief Investment Officer.
Responsibilities
Within delegated authority, the Investment Officer will be responsible for the following duties:
1. Supports the CIO in establishing and implementing the asset allocation strategies and monitoring the performance of the Fund's investments.
a. Conducts fundamental and technical analysis on the investment environments through reviewing including, but limited to, macro economy, monetary and fiscal policies, industry and thematic trends, and geopolitics.
b. Supports the CIO in preparation of the presentation to the Investments Committee, Internal Investment Committee, and other meetings.
c. Develops quantitative model in the asset allocation by taking into account valuations, historical market performance, and risk assessment.
d. Conducts portfolio analysis by using quantitative risk tools
e. Supports the CIO in the Asset Liability Management Study by reviewing the study conducted by the external Advisor.
f. Reviews investment research and discuss with strategists, economists, security analysts through brokerage community and the Advisors/Research providers.
g. Coordinate the implementation of the strategies the CIO approved with relevant sections and of the asset allocation strategies.
h. Monitors the investment performance and risk levels of portfolios and benchmarks on a regular basis. Ensures that all of the investments are in compliance with OIM's investment and policy guidelines.
i. Supports the CIO in coordinating the Portfolio Review Meeting with the portfolio teams and risk and compliance Section in seeking comprehensive yet concise, accurate, and timely review. Recommends the contents and formats of the portfolio review.
2. Conducts due diligence for investment research.
a. Conduct due diligence for new assets classes, new instruments, strategies ensuring 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.
3. Reporting
a. Reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF and the CIO of OIM when requested.
b. Assists the CIO 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)
4. 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.
Education
Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Economics or related filed is required. A first level university degree in combination with academic qualifications and experience in investment management may be accepted in lieu of the advanced degree. Chartered Financial Analyst (CFA) designation is desirable.
Work Experience
A minimum of seven years of progressively responsible experience working in investment management institutions in charge of work for global strategic and tactical asset allocation strategies for various assets classes, including public global equities and fixed income is required.
Experience with quantitative analytical tools for portfolio and risk management is required.
Experience in small cap equities and emerging markets is desirable.
Experience with asset liability management 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=163647&Lang=en-US to apply.
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 located in the Office of the RSG. The incumbent reports to the Chief Investment Officer.
Responsibilities
Within delegated authority, the Investment Officer will be responsible for the following duties:
1. Supports the CIO in establishing and implementing the asset allocation strategies and monitoring the performance of the Fund's investments.
a. Conducts fundamental and technical analysis on the investment environments through reviewing including, but limited to, macro economy, monetary and fiscal policies, industry and thematic trends, and geopolitics.
b. Supports the CIO in preparation of the presentation to the Investments Committee, Internal Investment Committee, and other meetings.
c. Develops quantitative model in the asset allocation by taking into account valuations, historical market performance, and risk assessment.
d. Conducts portfolio analysis by using quantitative risk tools
e. Supports the CIO in the Asset Liability Management Study by reviewing the study conducted by the external Advisor.
f. Reviews investment research and discuss with strategists, economists, security analysts through brokerage community and the Advisors/Research providers.
g. Coordinate the implementation of the strategies the CIO approved with relevant sections and of the asset allocation strategies.
h. Monitors the investment performance and risk levels of portfolios and benchmarks on a regular basis. Ensures that all of the investments are in compliance with OIM's investment and policy guidelines.
i. Supports the CIO in coordinating the Portfolio Review Meeting with the portfolio teams and risk and compliance Section in seeking comprehensive yet concise, accurate, and timely review. Recommends the contents and formats of the portfolio review.
2. Conducts due diligence for investment research.
a. Conduct due diligence for new assets classes, new instruments, strategies ensuring 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.
3. Reporting
a. Reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF and the CIO of OIM when requested.
b. Assists the CIO 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)
4. 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.
Education
Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Economics or related filed is required. A first level university degree in combination with academic qualifications and experience in investment management may be accepted in lieu of the advanced degree. Chartered Financial Analyst (CFA) designation is desirable.
Work Experience
A minimum of seven years of progressively responsible experience working in investment management institutions in charge of work for global strategic and tactical asset allocation strategies for various assets classes, including public global equities and fixed income is required.
Experience with quantitative analytical tools for portfolio and risk management is required.
Experience in small cap equities and emerging markets is desirable.
Experience with asset liability management 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=163647&Lang=en-US to apply.
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