Investment Officer, P3

Investment Officer, P3

Duty Station: New York, US

Closing Period: 03 November 2022

Job Opening Number: 22-Investment Management-UNJSPF OIM-190916-R-New York (R)

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 is, in turn, assisted in this function by the Office of Investment Management (OIM). OIM manages approximately $70+ 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 Fixed Income Team of OIM. The incumbent reports to the Investment Officer for Currency Management and Treasury.

Since this position covers international investment markets, while the incumbent is expected to provide coverage during the core hours of 9.00 AM to 5.00 PM NY time, there will be an occasional adhoc requirement to work during Asian hours (no later than 11.00 PM NY time).

Responsibilities

Under the overall supervision of the Investment Officer, the incumbent will perform the following duties:

1. Assist the Investment Officer in managing the Investment cash/short term portfolio in USD, by investing the funds in high-grade securities and money market instruments including bonds, deposits, CDs, CPs, bills, etc

2. Assists the Investment Officer in monitoring the overall cash flows for the Fund and Cash balances in over 34 currencies.

• Assists the P4 CM & T in executing Foreign Exchange transactions using electronic trading platforms. Working beyond regular hours will be required, especially when dealing with Asian currencies.
• Monitors and manages excess cash balances and deploys cash into Money Market instruments in order to maximize returns
• Complies with risk control parameters as delineated in the investments Policy and Procedures Manual with a goal to produce the optimal investment return that avoids undue risk.
• Conducts portfolio review periodically and presents in the Portfolio Review Meeting.
• Conducts portfolio analysis using risk tools and analytical tools.

3. Conducts careful and thorough investment research:

• Performs fundamental analysis through financial statements, corporate announcements, market news, and other publicly available information.
• Reviews investment research and discuss with strategists, economists, security analysts through brokerage community and the Advisors/Research Providers.
• Attends investment conferences and Seminars to access to academia and industry experts.
• Assists in evaluating the quality of the advice of recommendations submitted by the Fund's research provider and appraise performance of external managers employed in the region.

4. Responsible for the active re-investment and management of the Investment cash portfolio and monitoring daily cash requirements (cash management) for liquidity of global investment portfolios and OIM funding needs.

• Reviews investment research and discuss with strategists, economists, security analysts through brokerage community and the Advisors/Research providers.
• Engages with senior members of corporate management to review their business and corporate strategies.
• Attends investment conferences and seminars to access academia and industry experts
• Conducts portfolio analysis using risk tools and analytical tools.
• Ensures Fund's four investments criteria, i.e. safety, profitability, liquidity, and convertibility,
• Makes specific investment recommendations to achieve optimum investment performance with carefully review of the portfolio's investment objectives and risk tolerance,
• Presents and discusses investment recommendations to the fixed income department where appropriate,
• Participates in the discussions and development of investment recommendations for fixed income asset allocation for the Fund.

5. Monitors currency exposures incorporating cash flow forecasting and executes foreign exchange transactions in major and exotic currencies to fund global operations

• Ensures the Fund's four investments criteria: i.e. safety, profitability, liquidity, and convertibility.
• Makes specific investment recommendations to achieve optimum investment performance with careful review of the portfolio's investment objectives and risk tolerance.
• Presents and discusses investment recommendations to the Senior Investment Officer of the relevant asset class/region
• Participates in the discussions and development of investment recommendations for asset allocation for the Fund
• Assists in the preparation of reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF and Director of Fixed Income when requested.
• Assists the Director of Fixed Income in reporting on investments and related matters to governing bodies.
• Collects and analyzes data to identify trends or patterns and provide insights through graphs, charts, tables and reports using data visualization methods to enable data-driven planning, decision-making, presentation and reporting.

Education

Advanced university degree (Master's or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. A first-degree level university degree in combination with two additional years of experience in investment management may be accepted in lieu of the advanced degree.

Work Experience

A minimum of five years of progressively responsible work experience managing a USD liquidity/short term Investment Portfolio and good knowledge in Foreign Exchange management and trade execution, with emphasis on Emerging Market currencies is required.

Buy-side cash management and portfolio management experience is required.

Buy side experience in Fixed Income / Money market products and Foreign Exchange is desirable.

Experience in credit and ISDA Master Agreement negotiations is desirable.

Two years or more of experience in data analytics or related area 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 follow https://careers.un.org/lbw/jobdetail.aspx?id=190916&Lang=en-US