Chief, Risk and Compliance, D1

New York City, New York (US)
Competitive salary
Dec 02, 2022
Jan 11, 2023
Employment Type
Full Time

Duty Station: New York, US

Grade: D1

Closing Period: 11 January 2023

Job Opening Number: 22-Investment Management-UNJSPF OIM-195548-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 heads the Office of Investment Management (OIM), which manages approximately $70+ 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

This position leads the Risk and Compliance Section of the Office of Investment Management (OIM) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent will report to the Representative of the Secretary-General for the investment of the assets of the UNJSPF.



Within delegated authority, the incumbent would perform the following functions:

  • Assists the Representative of the Secretary-General (RSG) of OIM in the development and implementation of the Fund's policy on investment risk control (public equities, fixed income and private markets risks), operational risk, compliance and investment performance. Assists the RSG OIM in formulating the substantive work programme of the Risk & Compliance Section, determining priorities and allocating resources for the completion of outputs and their timely delivery.
  • Provides advice and support to senior management in special reviews of OIM objectives and related policies and procedures. Identifies potential management reviews of high sensitivity and complexity in areas such as risk management, compliance, investment performance. Defines problems to be addressed in management reviews.
  • Monitors, emerging risks and integrates risk management principles consistent with the strategic framework and the risk budget of the Fund. Proposes the risk budget for all asset classes to the Risk Committee and monitors the tracking risk at the total Fund and various portfolio levels.
  • Performs oversight and monitoring of operational risk, including risk from service-provider relationships by verifying Master Record Keeper(MRK) and performance data in due diligence of MRK.
  • Focal point for audit matters and testing of controls. Coordinates and oversees the preparation of reports for presentation to the Audit Committee on Enterprise-wide Risk Management and also coordinates a jointly EWRM working group with Pension Administration.
  • Identifies, assesses and monitors risks relating to standards of ethical behavior, in particular with regard to management of conflicts of interest, personal trading or the handling of confidential and inside information.
  • Oversees the management of activities undertaken by the Risk & Compliance Section to ensure that programmed activities are carried out in a timely fashion on all aspects of the Fund's operations, and makes recommendations on possible strategies and measures.
  • Ensures that all outputs produced by the Section under his/her supervision meet required standards before completion to ensure they comply with the relevant mandates
  • Coordinates the work carried out by different work units of OIM and by other agencies and bodies of the United Nations System.
  • Undertakes or oversees the programmatic tasks necessary for the functioning of OIM in relation to the Risk & Compliance Section including preparation of budgets, reporting on budget/programme, performance, evaluation of staff performance, interviews of candidates for job openings, evaluation of candidates and preparation of inputs for results based budgeting.
  • Coordinates and oversees the preparation of reports for presentation to the Investments Committee, Pension Board, and intergovernmental bodies, such as the Advisory Committee on Administrative and Budgetary Questions (ACABQ), the Fifth Committee, the General Assembly and other policy-making organs, as appropriate. Ensures independent reporting of the Fund’s performance to all advisory and governing bodies.
  • Manages, guides, develops and trains staff under his/her supervision.
  • Serves as Chair of the Risk Management Committee and of the Compliance Committee.
  • Represents OIM at international, national and regional meetings as necessary.
  • Leads team members efforts to collect and analyze data and provides insight to identify trends or patterns for data-driven planning, decision-making, presentation and reporting. Ensures that everyone can discover, access, integrate and share the data they need.


Core Competencies

  • Professionalism: Demonstrated competence in and adherence to the standards of conduct of the profession and in the application of best practices; Command of investment risk, investment performance and compliance matters; Market and Operational risk/Enterprise-wide risk management skills; Conceptual and analytical skills; Quantitative skills; Demonstrated conscientiousness and efficiency in meeting commitments, observing deadlines and achieving results; Ability to direct, review and guide the work of others, particularly in terms of substantive quality. The ability to analyze and interpret data in support of decision-making and convey resulting information to management; Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter; is conscientious and efficient in meeting commitments, observing deadlines and achieving results; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations.
  • Planning & Organizing: Develops clear goals that are consistent with agreed strategies; Identifies priority activities and assignments; adjusts priorities as required; Allocates appropriate amount of time and resources for completing work; Foresees risks and allows for contingencies when planning; Monitors and adjusts plans and actions as necessary; Uses time efficiently
  • Accountability: Takes ownership of all responsibilities and honors commitments; delivers outputs for which one has responsibility within prescribed time, cost and quality standards; operates in compliance with organizational regulations and rules; supports subordinates, provides oversight and takes responsibility for delegated assignments; takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.


Managerial Competencies:

  • Leadership: Serves as a role model that other people want to follow; empowers others to translate vision into results; is proactive in developing strategies to accomplish objectives; establishes and maintains relationships with a broad range of people to understand needs and to gain support; anticipates and resolves conflicts by pursuing mutually agreeable solutions; strives for change and improvement; does not accept the status quo; shows the courage to take unpopular stands. Provides leadership and takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work; demonstrates knowledge of strategies and commitment to the goal of gender balance in staffing.
  • Judgement/Decision-making: Identifies the key issues in a complex situation, often with limited or imperfect data in a changing investment environment, and comes to the source of the problem quickly; gathers relevant information before making a decision; considers positive and negative impacts of decisions prior to making them; takes decisions with an eye toward the impact on others, the Fund, and on the Organization; proposes a course of investment actions or makes recommendations based on all available information; checks assumptions against facts; determines the actions proposed will satisfy the expressed and underlying needs for the decision; makes tough decisions when necessary.



Advanced university degree (Master's degree or equivalent degree) in finance, business management or related area is required. A first-level university degree in any of these fields, in combination with two additional years of qualifying work experience may be accepted in lieu of the advanced university degree.


Work Experience

A minimum of 15 years of progressively responsible experience in investment and operational risk management, investment performance measurement and compliance for pension plans or financial institutions is required.

Experience in market and operational risk management is required.

Compliance oversight experience in an investment management organization is required.



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.


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