Posting Title: Associate Investment Officer (Two Positions), P2
Job Code Title: ASSOCIATE INVESTMENT OFFICER
Department/ Office: United Nations Joint Staff Pension Fund – Office of Investment Management
Duty Station: NEW YORK
Posting Period: 1 October 2020-14 November 2020
Job Opening number: 20-INV-UNJSPF OIM-142127-R-NEW YORK (O)
Staffing Exercise ID: N/A
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 a $60+ 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 Sustainable Investment Team of OIM. The incumbent reports to the Investment Officer.
Under the overall supervision of the Investment Officer, the incumbent will perform the following duties:
1.Support the Investment Officer to develop and implement the Sustainable Investment approach across the Fund and in collaborating with all the Investment Teams.
a) Supports broad ESG methodologies required for the development and implementation of strategies that conform to the Fund’s overall investment policy, investment objectives, procedures and guidelines.
b) Generate quant signals for use in fundamental analysis; supports the implementation of UNJSPF impact measurement methodology
c) Participates in and contributes to seminars on sustainable investing and related topics.
d) Conducts portfolio analysis using risk, ESG and analytical tools.
2. Conducts careful and thorough sustainable investment research
a) Supports the global sustainable investments research program across asset classes, and recommends appropriate ESG solutions and strategies.
b) Contributes to the formulation of recommendations on partnership with NGOs, Academia and vendors to conduct sustainable investing research initiatives, including an effective climate change strategy
c) Supports the selection and management of outside ESG advisers and specialists by:
– Evaluating the services provided by the outside advisers and specialists;
– Formulating recommendations in the selection of outside advisers and specialists when appropriate;
– Ensuring that the outside advisers and specialists understand the Fund’s overall investment policy and strategies that are applicable to their services.
3. Maintains ESG investment-decisions support dashboard and the internal ESG focal point
a) Assists with sustainable investment portfolio analysis and reporting implementation, including ongoing integration of ESG metrics embedded throughout investment and risk analytical tools.
b) Liaise and maintain key relationship with alternative data ESG providers
-Build and maintain the ESG investment tools to support the Investment Teams
-Improve upon internally developed quantitative ESG signals into investment process
c) Support of the Investment Teams with ESG implementation and training.
a) Assists with the preparation of management reports on sustainable investment matters for submission to appropriate United Nations governing bodies.
b) Ensures that accurate data is available in a timely manner for the Investments Committee, the Pension Board, the Fifth Committee, ACABQ and the General Assembly.
c) Ensures cohesion and collaboration between quant and impact.
d) Assists with ESG reporting, including a yearly Sustainable Investing report.
• Professionalism: Demonstrates strong ability, sound knowledge and understanding of ESG and sustainable investing, PRI reporting, ESG vendors, engagement and proxy voting, ESG integration across asset classes, and NGO ESG promotors. Understands ESG materiality in the context of fiduciary responsibility. Demonstrates the ability in ESG reporting to multiple stakeholders. Demonstrates the ability to conduct quantitative analysis and building ESG dashboards to support the investment process. Ability to analyze performance attribution of the portfolio. Understands portfolio risks including tracking error. 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. Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.
• Communication: Speaks and writes clearly and effectively; listens to others, correctly interprets messages from others and responds appropriately; asks questions to clarify and exhibits interest in having two-way communication; tailors language, tone, style and format to match audience; demonstrates openness in sharing information and keeping people informed.
• Teamwork: Works collaboratively with colleagues to achieve organizational goals; solicits input by genuinely valuing others’ ideas and expertise; is willing to learn from others; places team agenda before personal agenda; supports and acts in accordance with final group decision, even when such decisions may not entirely reflect own position; shares credit for team accomplishments and accepts joint responsibility for team shortcomings.
A first level university degree (Master’s or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. Certifications or course work in ESG is desirable.
A minimum of two years of progressively responsible experience in multi-assets investment analysis and/or investment management, primarily focused on ESG integration and reporting experience is required.
Relevant experience in Sustainable Investment strategy & policy, ESG integration across asset classes, alternative data providers, ESG reporting, stewardship and NGO networks is required.
Relevant experience in Asset Owner institutions with in-house investment management is desirable.
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.
Evaluation of qualified candidates may include an assessment exercise which may be followed by competency-based interview.
• This position is proposed to be funded by General Temporary Assistance funding in 2021 and is subject to approval by the General Assembly. If approved, this position is for an initial period of one year, with possibility of extension, which is subject to extension of the mandate and/or the availability of the funds.
• Staff members are subject to the authority of the Secretary-General and to assignment by him or her. In this context, all staff are expected to move periodically to new functions in their careers in accordance with established rules and procedures.
• The United Nations Secretariat is committed to achieving 50/50 gender balance in its staff.
Female candidates are strongly encouraged to apply for this position.
• Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial disclosure Programme. An appointment to the Office of Investment Management (OIM) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to OIM’s Code of Ethics, Personal Securities, Gift and Hospitality policies.
United Nations Considerations
According to article 101, paragraph 3, of the Charter of the United Nations, the paramount consideration in the employment of the staff is the necessity of securing the highest standards of efficiency, competence, and integrity. Candidates will not be considered for employment with the United Nations if they have committed violations of international human rights law, violations of international humanitarian law, sexual exploitation, sexual abuse, or sexual harassment, or if there are reasonable grounds to believe that they have been involved in the commission of any of these acts. The term “sexual exploitation” means any actual or attempted abuse of a position of vulnerability, differential power, or trust, for sexual purposes, including, but not limited to, profiting monetarily, socially or politically from the sexual exploitation of another. The term “sexual abuse” means the actual or threatened physical intrusion of a sexual nature, whether by force or under unequal or coercive conditions. The term “sexual harassment” means any unwelcome conduct of a sexual nature that might reasonably be expected or be perceived to cause offence or humiliation, when such conduct interferes with work, is made a condition of employment or creates an intimidating, hostile or offensive work environment, and when the gravity of the conduct warrants the termination of the perpetrator’s working relationship. Candidates who have committed crimes other than minor traffic offences may not be considered for employment.
Due regard will be paid to the importance of recruiting the staff on as wide a geographical basis as possible. The United Nations places no restrictions on the eligibility of men and women to participate in any capacity and under conditions of equality in its principal and subsidiary organs. The United Nations Secretariat is a non-smoking environment.
The paramount consideration in the appointment, transfer, or promotion of staff shall be the necessity of securing the highest standards of efficiency, competence, and integrity. By accepting an offer of appointment, United Nations staff members are subject to the authority of the Secretary-General and assignment by him or her to any activities or offices of the United Nations in accordance with staff regulation 1.2 (c). In this context, all internationally recruited staff members shall be required to move periodically to discharge new functions within or across duty stations under conditions established by the Secretary-General.
Applicants are urged to follow carefully all instructions available in the online recruitment platform, inspira. For more detailed guidance, applicants may refer to the Manual for the Applicant, which can be accessed by clicking on “Manuals” hyper-link on the upper right side of the inspira account-holder homepage.
The evaluation of applicants will be conducted on the basis of the information submitted in the application according to the evaluation criteria of the job opening and the applicable internal legislations of the United Nations including the Charter of the United Nations, resolutions of the General Assembly, the Staff Regulations and Rules, administrative issuances and guidelines. Applicants must provide complete and accurate information pertaining to their personal profile and qualifications according to the instructions provided in inspira to be considered for the current job opening. No amendment, addition, deletion, revision or modification shall be made to applications that have been submitted. Candidates under serious consideration for selection will be subject to reference checks to verify the information provided in the application.
Job openings advertised on the Careers Portal will be removed at 11:59 p.m. (New York time) on the deadline date.
THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.
Above texts are copied from United Nations Official Web Page (careers.un.org)
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