Compliance Officer, P3, New York

  • UNJSPF - United Nations Joint Staff Pension Fund 
  • New York, NY, USA
  • Nov 10, 2020
Mid-level UNJSPF - United Nations Joint Staff Pension Fund

Job Description

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 Compliance Officer.

Responsibilities

Within delegated authority, the Compliance Officer will be responsible for the following duties:


•Enhance the execution of OIM’s compliance programmes. Create and update policies and procedures for disclosures (in addition to the annual disclosure required by the UN), to detect patterns of unusual activity and conflicts of interest, and to inform management on time.

•Manage the day-to-day operational aspects to ensure compliance and that all matters of surveillance, risk considerations and developments are properly addressed by reviewing alerts, and ensuring timely reviews of activity and the disposition of such alerts.

•Monitor Compliance limits and procedures, which may include oversight performed as second line of defense for back-office and front-office procedures, and third parties.

•Implement training programs in order to maintain established procedures to ensure professional competency and expertise.

•Research, gather, record, and preserve all potential or relevant control information, including those in electronic format, ensuring that a comprehensive information chain is established and maintained.

•Review all operational processes on a regular basis to identify and evaluate weaknesses in surveillance controls, strengthen processes and controls to mitigate potential scenarios proactively. Create processes and controls for pattern analysis and statistical models to detect unusual ordinary activity. Create surveillance scenarios and devise controls to implement an effective surveillance programme.

•Monitor all external managers and internal employees via international open sourced electronic searches and media searches. Develop relationship visualization displays for important relationships in order to provide a fuller risk picture. Sample trading transactions and review them in order to ensure integrity of the surveillance process.

•Continually assess the effectiveness of mitigating controls to minimize the residual risk of reputational damage and provide recommendations on enhancing the compliance framework.

•Monitor controls and identify and mitigate potential issues for all OIM investment compliance policies and procedures. This includes working collaboratively and in coordination with OIM staff to achieve organizational goals in accordance with standard operating procedures and in compliance with OIM's policies and procedures.

•Maintain positive interactions and communications with OIOS and the Board of Auditors as well as external auditors engaged for the financial statements. Facilitate audit examinations and finalize/close any recommendations.

•Review ICT Policies and Procedures in matters related to Compliance and the OIM Business Continuity/Disaster Recovery Plan and assist on testing of the BC/DR plans.

•Implement new Compliance procedures as needed.

•Maintain active involvement with OIM's responsibilities as a signatory to the UN-backed Principles for Responsible Investing initiative and other OIM socially responsible activities.

•Review, update and create Compliance rules in the OIM Compliance module of the trading system.

•Participation in projects, as needed.

•Perform other duties, as required.

Organization type

UN jobs