Associate Accountant (Derivatives), P2

Department/Office: United Nations Joint Staff Pension Fund - Office of Investment Management

Duty Station: NEW YORK

Closing date: 24 February 2022

Job Opening Number: 22-Finance-UNJSPF OIM-167105-R-New York (O)

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 Associate Accountant will be responsible for the following duties:

• Reviews, approves, reconciles and processes a range of derivative and margin trading transactions on a regular and recurring basis.
• Approves/Confirms proposed margin calls in accordance with the Financial Regulations and Rules of the UNJSPF.
• Reviews reconciliation's and of derivative and margin trading transaction between general ledger, custodian sub-system, Bloomberg AIM, market intermediaries during the year and prepares adjusting entries as required before preparation of financial statements.
• Work with front office and risk team to evaluate eligibility for effective hedge accounting treatment and documentation.
• Assists with the preparation of cash-flow statements for multiple accounts on a monthly basis.
• Reviews and evaluates financial reports from custodian sub-system, Bloomberg AIM, and market intermediaries with a view to identifying anomalies and unusual trends. Initiates corrective actions.
• Monitors, analyses, reviews and approves transactions for cash payment, entry into the accounting system including SWIFT messages.
• Assists in the development of operating policies.
• Assists in ensuring that accurate and complete accounting, reporting and internal control systems are functioning and that all relevant records are maintained.
• Plans and works with the Systems Support Section, in the installation and administration of accounting systems.
• Researches and analyses information needed to respond to audit findings.
• Supervises staff as required.
• Performs other related duties as required.

Education

A first-level university degree in business administration, finance, accounting or related field. Certification such as Certified Public Accountant (CPA), Chartered Accountant (CA), Chartered Financial Analyst (CFA) or equivalent is desirable.

Work Experience

A minimum of two years of progressively responsible experience in accounting, finance, budget, administration is required.

Minimum 1 year of meaningful industry experience with hands-on experience in derivative/margin trading products is required.

Working knowledge of derivative instruments including repos, TBAs, and foreign exchange forwards is required.

Hedge accounting experience is desirable.

Knowledge of derivatives transactions related agreements such as ISDA and MSFTA is desirable.

Languages

English and French are the working languages of the UN Secretariat. For this position, fluency in English is required. Knowledge of another UN official language is desirable.

For more information on how to apply, please click the Apply button.