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 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 Risk and Compliance. The incumbent reports to the Deputy Director of Risk and Compliance.
Within delegated authority, the Risk Officer will be responsible for the following duties:
•Participates in the development, implementation and evaluation of assigned programmes/projects, etc.; monitors and analyzes programme/project development and implementation; reviews relevant documents and reports; identifies problems and issues to be addressed and proposes corrective actions; liaises with relevant parties; identifies and tracks follow-up actions.
•Enhance and maintain the analytical framework, policy and operating guidelines for the credit risk analysis of counterparties, as well as the development of the reporting and credit monitoring frameworks, policies and operating guidelines for the risks assumed under the portfolio. It includes counterparties for all asset classes invested by the Fund, including external managers.
•Submit and present risk analyses to OIM Risk Committee.
•Perform the credit risk analysis of counterparties and propose limits for all counterparties.
•Monitor trends and published analysis of the financial markets and link Fund’s exposures to those trends.
•Participate in the ongoing development, enhancement and regular operations for value at risk, stress testing, economic capital, and liquidity risk measurements.
•Participate in the ongoing surveillance of investments including leading indicator analysis, and scenario stress testing
•Take an active role in monitoring of risk limits and investment eligibility criteria.
•Participating in due diligence meetings
•Carries out other tasks as may be assigned by the Deputy Director, Risk and Compliance.
•Researches, analyzes and presents information gathered from diverse sources.
•Assists in policy development, including the review and analysis of issues and trends, preparation of evaluations or other research activities and studies.
•Undertakes survey initiatives; designs data collection tools; reviews, analyzes and interprets responses, identifies problems/issues and prepares conclusions.
•Prepares various written outputs, e.g. draft background papers, analysis, sections of reports and studies, inputs to publications, etc.
•Provides substantive support to consultative and other meetings, conferences, etc., to include proposing agenda topics, identifying participants, preparation of documents and presentations, etc.
•Undertakes outreach activities; conducts training workshops, seminars, etc.; makes presentations on assigned topics/activities.
•Performs other duties as required.