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 Fixed Income 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. Assists the Deputy Director, Fixed Income and the Investment Officer(s) (IO) to manage and invest the assets of the Fund in US Fixed income structured securities.
a. Balances long-term strategic goals with short-term performance objectives to outperform return benchmarks.
b. Monitors the various portfolio holdings and conduct appropriate security analysis at the direction of the Deputy director, Fixed income and the IO(s).
c. Complies with risk control parameters as delineated in the investments Policy and Procedures Manual with a goal to produce the optimal investment return that avoids undue risk.
d. Integrates Principles of Responsible Investments into investment analysis and monitors both internally and externally managed holdings, subject to OIM's standards of fiduciary responsibility to the Fund.
e. Conducts portfolio review periodically and presents in the Portfolio Review Meeting.
f. Conducts portfolio analysis using risk tools and analytical tools.
2. Conducts careful and thorough investment research:
a. Performs fundamental fixed income structured securities analysis using models, stress testing, academic and street research, and sector related performance data.
b. Reviews investment research and discuss with strategists, economists, security analysts through brokerage community and the Advisors/Research Providers.
c. Engages with ABS and CMBS issuers and securities structurers to review their business, corporate strategies, and outlooks.
d. Attends investment conferences and seminars to access academia and industry experts.
e. Assists in evaluating the quality of the advice of recommendations submitted by the Fund's research provider and appraise performance of external managers employed in the region.
3. Makes specific investment recommendations
a. Ensures Fund’s four investments criteria; i.e. safety, profitability, liquidity, and convertibility,
b. Makes specific investment recommendations to achieve optimum investment performance with careful review of the portfolio’s investment objectives and risk tolerance,
c. Presents and discusses investment recommendations to Deputy Director of Fixed income and IO(s) of fixed income.
d. Participates in the discussions and development of investment recommendations for asset allocation for the Fund.
a. Assists in the preparation of reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF and Director of OIM when requested.
b. Assists the Director of OIM in reporting on investments and related matters to governing bodies.