Investment Officer Alternative Investments, P4 (Job ID # 23278) recruitment
Responsibilities
Within delegated authority, the incumbent will be responsible for the following functions:
- Under the direction of the Senior Investment Officer-Alternative Investments (SIO), manage and invest the assets of the Fund in alternative investments, including private equity (PE) and hedge funds (HF).
- For the assigned alternative investment portfolio, attend all advisory board and annual meetings; perform regular reviews and evaluations of managers, as well as an annual strategic review for each fund, in order to optimize investment return at minimal risk.
- Participate in interviews of new fund managers; assist with due diligence on new investments, as well as the process of reviewing of fund documentation.
- Balance long-term strategies to achieve results superior to benchmarks by assisting the SIO in constructing and monitoring the portfolio through dedicated research.
- Keep abreast of and track developments in the alternative asset markets, and contribute to making and executing investment decision.
- Conduct research and analysis of investments through ongoing communications with PE and HF and other financial institutions.
- Recommend specific investment and divestment opportunities as appropriate in order to achieve superior investment returns.
- Comply with risk control parameters as delineated in the Investments Policy and Procedures Manual with goal to produce the optimal investment return that avoids undue risk.
- Integrate Principles of Responsible Investments into investment analysis and monitor both internally and externally managed holdings, subject to IMD' standards of fiduciary responsibility to the Fund.
- Work with the advisors and Master Record Keeper to synchronize financial reporting.
- Promote a high standard of transparency and accountability in all respects of the management of the assets of the Fund through accurate and timely record keeping.
- Coordinate production of investment data that is accurate and timely.
- Interact effectively with Internal and External Auditors to ensure that assets are fully protected.
- Conduct research and analysis of investments through ongoing communications with other investors and financial institutions and fund sponsors.
- Prepare reports on investment returns and strategy for review and discussion in regularly scheduled meetings, such as, Investments Committee and Portfolio Review meetings, and ensures the availability of accurate data on the Fund's alternative investments.
- Participate in quarterly Investments Committee meetings; implement asset class and regional allocation strategies decided upon by the Representative of the Secretary-General for the investments of the UNJSPF.
- Ensure that the Director of IMD and the Representative of the Secretary-General for the investments of the UNJSPF have accurate and timely reports on alternative investments and related matters for the UNJSPF Board, the Advisory Committee on Administrative and Budgetary Questions (ACABQ), the Fifth Committee and the General Assembly by producing papers on alternative asset investment-related subjects.
- Coordinate investment-related work by evaluating the quality of the advice of recommendations submitted by advisors.
- Ensure that IMD maintains a high level of professional investment expertise and knowledge by exploring published economic and investment material provided by advisors and other relevant sources.
- Participate in regular meetings/discussions with the designated investment advisors and other sources of information; participate in seminars on investment topics; participate in meetings with top management of companies of interest or potential interest to the Fund, when requested by the Senior Investment Officer.
- Exchange views and provisions of advice and guidance to colleagues within IMD.
- Supervise and train staff to improve skills and expand experience in order to increase motivation and promote superior performance by all staff members. Must be able to travel domestically and internationally.
- Recruit staff for IMD subject to approval of the Director of IMD, taking due account of geographical and gender balance and other institutional values.
Competencies
Professionalism: Demonstrated ability and sound knowledge of private equity and hedge fund markets, private and public equity investment structures as well as portfolio management.
Demonstrated ability and sound knowledge of applied macroeconomics, security analysis and portfolio management.
Ability to work under pressure and provide accurate, efficient and effective results.
Ability to utilise various portfolio management and data processing tools; such as Bloomberg and familiarity with the use of Internet applications and MS Office programmes.
Take responsibility for incorporating gender perspectives and ensure the equal participation of women and men in all areas of work.•Teamwork:
Ability to work collaboratively with colleagues, advisers and financial professionals, to achieve organisational goals and solicit input by genuinely valuing others' ideas and expertise; place team agenda before personal agenda; support and act in accordance with final group decision, even when such decision may not entirely reflect own position; shares credit for team accomplishments and accepts joint responsibility for team shortcomings.
•Accountability:
Takes ownership of all responsibilities and honours commitments; delivers outputs for which one has responsibility within prescribed time, cost and quality standards; operates in compliance with organisational regulations and rules; supports subordinates, provides oversight and takes responsibility for delegation assignments; takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.
Education
Advanced university degree (Master's degree or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required.
A first level university degree in combination with academic qualifications and experience in alternative investing and investment management may be accepted in lieu of the advanced degree.
Chartered Financial Analyst (CFA) designation is desirable.
Work Experience
At least seven years of investment experience with an established financial institution is required.
Investment experience related to alternative investments, including private equity and hedge funds and/or investment management in the area of alternative investments is highly desirable.
Experience in pension funds, public funds, endowments, foundations, sovereign wealth funds, and private equity and hedge fund sponsors or owners is desirable.
Languages
English and French are the working languages of the United Nations Secretariat. For this post, fluency in oral and written English is required. Working knowledge of another official language of the United Nations is desirable.
Assessment Method
Evaluation of qualified candidates for this position may include a substantive assessment followed by a competency-based interview.
Special Notice
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.Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial Disclosure
Programme. An appointment to the Investment Management Division (IMD) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to IMD's Code of Ethics, Personal Securities, Gift and Hospitality policies.
United Nations Considerations
The United Nations shall place 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. (Charter of the United Nations - Chapter 3, article 8). The United Nations Secretariat is a non-smoking environment.
No Fee
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.
Please hit APPLY ONLINE below and enter Job ID # 23278