Trade Execution Officer, P4 (Job ID # 23287) recruitment
Responsibilities
- The incumbent will be responsible for the following functions:
- Manages and directs the Trade Execution Unit and be responsible for the timely, accurate, and efficient execution of equity and fixed income securities as directed by the Investment Officers with the goal of achieving best execution and minimizing transaction costs.
- Monitor the trade orders which Investment Officers place through the Trade Order Management System from execution to settlement by fulfilling the instructions from Investment Officers.
- Conduct research, recommend, and implement the best execution practice for the Fund including monitoring procedures for trading costs and quality, trading strategies, and design of the infrastructure.
- Update the Investment Officers with the latest trading strategies and systems on an on-going basis to ensure the Fund will benefit from the development of markets and technology.
- Support the portfolio management process by acting as the broker contact point for primary/secondary offerings, bid-offers, buy/sell ideas, recommendation changes, and major economic and company news.
- Coordinate with Investment Officers to create a report periodically to review brokerage execution costs and quality that will be integrated into the broker evaluation process to enhance IMD accountability and transparency.
- Reconcile trading discrepancies between IMD settlements department and brokers.
- Ensure trades are in compliance with internal IMD requirements and with rules and regulations in various local market jurisdictions.
- Participate in seminars on trading related topics, exchange views and provide 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.
Competencies
Professionalism: Demonstrated ability and sound experience of trading securities and currencies both in developed and emerging countries by interacting with brokers to achieve best trade execution.
Demonstrated strong quantitative skills to analyze the market impacts, handle basket trading consisting hundreds of securities, and conduct trading costs analysis by utilizing the financial software and tools.
Optimization and rebalancing skills to initiate trades to minimize the tracking error against relevant benchmarks.
Ability to utilize trade order management system and data processing tools such as Charles River, Bloomberg, DataStream, Reuters etc.
Take responsibility for incorporating gender perspectives and ensure the equal participation of women and men in all areas of work., and familiarity with the use of internet applications and MS Office programs.
Planning and Organizing:
Develops clear goals that are consistent with agreed strategies; identifies priority activities and assignments; monitors and adjust plans and actions as necessary; 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.
Teamwork:
Ability to work collaboratively with colleagues, advisers and financial professionals, to achieve organizational 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 allresponsibilities 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 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 trading securities may be accepted in lieu of the advanced degree. Chartered Financial Analyst (CFA) is desirable.
Work Experience
At least seven years of experience related to investment analysis and/or investment At least seven years of trading experience related to international securities markets are required. Experience with equity, fixed income and currency trading in asset management institutions or brokerage firms is required. Experience in trade initiations through portfolio optimization for the implementation of passive strategy is highly desirable. A solid knowledge of operations, clearing and trading operations, including experience with alternative liquidity sources (i.e. dark pools, crossing networks, algorithmic trading) and an understanding of various transaction cost analysis is required.
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
Competency based interviews.
Special Notice
Any candidate from a member organization of the UNJSPF applying for this post is considered as an internal candidate provided he/she has been appointed through the appointment and promotion procedures applicable in his/her respective organization.
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 # 23287.