Accountant (Sec Lending)

Job Opening 168211, Accountant (Sec Lending), 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 in the Operations section of the Office of Investment Management (OIM) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent will work under the direct supervision of the Accountant, and under the general guidance of the Chief, Operations Section.

Responsibilities

Within delegated authority, the Accountant will be responsible for the following duties:

• Analyses accounts and reviews/evaluates securities lending financial reports by securities lending agent.
• Identifies problem transactions and irregularities in related accounts, resolving them in a timely and effective manner.
• Confirms and provides daily oversight of operational functions and conduct internal control review to ensure securities lending process, are in accordance with the Financial Regulations and Rules of the UNJSPF
• Ensures that accurate and complete accounting, reporting and internal control systems are implemented and functioning and that all relevant records are maintained for securities lending process.
• Assists, prepares, or consolidates financial statements for inclusion in the UNJSPF IPSAS Financial Statements to be audited. Responds to internal/external audit observations. .
• Provides advice and guidance to improve securities lending process by leveraging the tools available to identify inefficiencies.
• Provides authoritative interpretation of requirements for handling securities lending transactions. Assess and recalculate securities lending agent revenue allocation between agent and OIM.
• Coordinates and supervises monitoring of trade blotter to ensure timely notification to custodian to avoid risk of failing to recall securities out for lending .
• Monitors, analyses, and reviews, corporate actions transactions to ensure that all economic benefits of securities out for lending are correctly synthetically manufactured .
• Keeps abreast and provides guidance on the industry initiatives and market trends related to the securities lending process.
• Defines requirements and works with systems units with respect to production of relevant financial reports and/or analysing key metrics with regards to transaction activity
• Participates in the development of accounting policies and serve as a liaison between portfolio management, custodian bank and operations teams.
• Provides information needed to respond to audit findings.
• Performs other related duties as required.

Education

Advanced university degree (Master's degree or equivalent) in business administration, finance, accounting, or related field. A first-level university degree in combination with qualifying experience may be accepted in lieu of the advanced university degree. Certification such as Certified Public Accountant (CPA), Chartered Accountant (CA), Chartered Financial Analyst (CFA) or equivalent is desirable.

Work Experience

A minimum of five years of progressively responsible professional experience in accounting, finance, and investment operations is required.

Experience in monitoring securities lending program or relevant experience is required.

Experience using Bloomberg AIM, and or any other trade order management system is desirable.