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 approximately $90+ 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 Impact and Partnership Team within Sustainable Investing. The incumbent reports to the Chief Investment Officer (CIO) of OIM.
Responsibilities
Under the overall supervision of the CIO, the incumbent will perform the following duties: 1. Assists the CIO to develop and implement the Responsible Investment approach across external investments and impact investing strategies and in collaborating with all the Investment Teams: a) Balances long term strategic goals with short term performance objectives to outperform. assigned benchmarks, supported by ESG integration. b) 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 by applying ESG and impact due diligence. c) Contributes to the development and implementation of proxy voting and engagement guidelines in line with the fiduciary responsibility of the Fund. d) Integrates Principles of Responsible Investments into investment analysis and monitor both internally and externally managed holdings, subject to OIM’s standards of fiduciary responsibility to the Fund. e) Conducts portfolio, external manager and service provider review periodically. f) Conducts portfolio ESG and impact analysis using risk tools and analytical tools. 2. Conducts careful and thorough responsible investment due diligence: a) Leads the due diligence on responsible investing, particularly on impact investing across asset classes, and provide assessments on responsible investing including impact investing to the CIO and the various committees. b) Monitors the investment activities of the External Advisors periodically and update the assessments on responsible investing and impact investing. Oversees the partnerships and services including the engagement and proxy voting activities ensuring that Investment Section receives appropriate services effectively. c) Assists in evaluating the quality of services provided by the external vendors. d) Contributes to the formulation of recommendations on partnership with NGOs, Academia, and vendors to conduct sustainable investing research initiatives, including an effective climate change strategy. e) Takes initiative in selecting and managing outside ESG advisers and specialists by: f) Evaluating the services provided by the outside advisers and specialists; g) Formulating recommendations in the selection of outside advisers and specialists when appropriate; h) Ensuring that the outside advisers and specialists understand the Fund’s overall investment policy and strategies that are applicable to their services. 3. Reporting a) Participates in various stakeholder and oversight body meetings as requested and contributes to the discussion on sustainable investment matters. b) Prepares management reports on sustainable investment matters for submission to appropriate United Nations governing bodies. Ensures that accurate data is available in a timely manner for the Investments Committee, the Pension Board, the Fifth Committee, ACABQ and the General Assembly. c) Develop TCFD implementation. d) Develop a coordinated approach to measurement and reporting to meet responsible Investment and impact investment objectives. e) Develop and responsible Investment and Impact Investment. f) Collects and analyzes data to identify trends or patterns and provide insights through graphs, charts, tables and reports using data visualization methods to enable data-driven planning, decision-making, presentation and reporting. 4. Team leader under guidance of the CIO a) Plans and oversees the management of activities undertaken by the unit; prepares inputs for the work programme of the unit, determining priorities, and allocating resources for the completion of outputs and their timely delivery; coordinating diverse projects in the unit by formulating investment policies and strategies b) Ensures that the outputs produced by the unit maintain high-quality standards and compliance with the relevant mandates; that reports are clear, objective and based on comprehensive data. c) Carries out administrative tasks necessary for the functioning of the unit, including preparation of budgets, assigning and monitoring of performance parameters and critical indicators, reporting on budget performance, preparation of inputs, evaluation of staff performance (e-PAS), recruits staff for Unit taking due account geographical and gender balance and other institutional values; d) Manages, guides, develops and trains staff under his/her supervision; fosters teamwork and communication among staff in the unit and across organizational boundaries.
Competencies
• Professionalism: Demonstrates strong ability, sound knowledge and understanding of ESG and sustainable investing, PRI reporting, ESG vendors, engagement and proxy voting, ESG integration across asset classes, and NGO ESG promotors. Understands ESG materiality in the context of fiduciary responsibility. Demonstrates the ability in ESG reporting to multiple stakeholders. Demonstrates the ability to conduct quantitative analysis and building ESG dashboards to support the investment process. Ability to analyze performance attribution of the portfolio. Understands portfolio risks including tracking error. The ability to analyze and interpret data in support of decision-making and convey resulting information to management. Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter; is conscientious and efficient in meeting commitments, observing deadlines and achieving results; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations. Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work. • Communication: Speaks and writes clearly and effectively; listens to others, correctly interprets messages from others and responds appropriately; asks questions to clarify and exhibits interest in having two-way communication; tailors language, tone, style and format to match audience; demonstrates openness in sharing information and keeping people informed. • Teamwork: Works collaboratively with colleagues to achieve organizational goals; solicits input by genuinely valuing others’ ideas and expertise; is willing to learn from others; places team agenda before personal agenda; supports and acts in accordance with final group decision, even when such decisions may not entirely reflect own position; shares credit for team accomplishments and accepts joint responsibility for team shortcomings.
Education
Advanced university degree (Master’s or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. A first-degree level university degree in combination with two additional years of experience in investment management may be accepted in lieu of the advanced degree. Certifications or course work in ESG is desirable.
Job – Specific Qualification
Not available.
Work Experience
A minimum of five years of progressively responsible experience in multi-assets investment analysis and/or investment management in responsible investing is required. Experience in investment analysis and/or investment management in responsible investing, primarily focused on the due diligence in responsible investing and impact investing including private markets, is required. Relevant experience in responsible investment strategy & policy, stewardship activities, ESG reporting, NGO and external partner networks is required. Relevant experience, including managing a specialized responsible investing team, in Asset Owner institutions with in-house investment management is desirable.
Languages
English and French are the working languages of the UN Secretariat. For this position, fluency in English is required. Knowledge of another UN official language is an advantage.
Assessment
Evaluation of qualified candidates may include an assessment exercise which may be followed by 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. • The United Nations Secretariat is committed to achieving 50/50 gender balance in its staff. Female candidates are strongly encouraged to apply for this position. • Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial disclosure Programme. An appointment to the Office of Investment Management (OIM) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to OIM’s Code of Ethics, Personal Securities, Gift and Hospitality policies. • For this position, applicants from the following Member States, which are unrepresented or under-represented in the UN Secretariat as of 31 July 2024, are strongly encouraged to apply: Andorra, Angola, Antigua and Barbuda, Bahrain, Belize, Brunei Darussalam, China, Cuba, Democratic People’s Republic of Korea, Dominica, Equatorial Guinea, Germany, Grenada, Guinea-Bissau, Hungary, Indonesia, Israel, Japan, Kiribati, Kuwait, Lao People’s Democratic Republic, Libya, Liechtenstein, Malta, Marshall Islands, Micronesia (Federated States of), Monaco, Nauru, Oman, Palau, Panama, Papua New Guinea, Paraguay, Qatar, Republic of Korea, Saint Lucia, Saint Vincent and the Grenadines, Sao Tome and Principe, Saudi Arabia, Singapore, Solomon Islands, Somalia, Timor-Leste, Turkmenistan, Tuvalu, United Arab Emirates, United States of America, Vanuatu.
United Nations Considerations
According to article 101, paragraph 3, of the Charter of the United Nations, the paramount consideration in the employment of the staff is the necessity of securing the highest standards of efficiency, competence, and integrity. Candidates will not be considered for employment with the United Nations if they have committed violations of international human rights law, violations of international humanitarian law, sexual exploitation, sexual abuse, or sexual harassment, or if there are reasonable grounds to believe that they have been involved in the commission of any of these acts. The term “sexual exploitation” means any actual or attempted abuse of a position of vulnerability, differential power, or trust, for sexual purposes, including, but not limited to, profiting monetarily, socially or politically from the sexual exploitation of another. The term “sexual abuse” means the actual or threatened physical intrusion of a sexual nature, whether by force or under unequal or coercive conditions. The term “sexual harassment” means any unwelcome conduct of a sexual nature that might reasonably be expected or be perceived to cause offence or humiliation, when such conduct interferes with work, is made a condition of employment or creates an intimidating, hostile or offensive work environment, and when the gravity of the conduct warrants the termination of the perpetrator’s working relationship. Candidates who have committed crimes other than minor traffic offences may not be considered for employment. Due regard will be paid to the importance of recruiting the staff on as wide a geographical basis as possible. The United Nations places 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. The United Nations Secretariat is a non-smoking environment. Reasonable accommodation may be provided to applicants with disabilities upon request, to support their participation in the recruitment process. By accepting a letter of appointment, staff members are subject to the authority of the Secretary-General, who may assign them to any of the activities or offices of the United Nations in accordance with staff regulation 1.2 (c). Further, staff members in the Professional and higher category up to and including the D-2 level and the Field Service category are normally required to move periodically to discharge functions in different duty stations under conditions established in ST/AI/2023/3 on Mobility, as may be amended or revised. This condition of service applies to all position specific job openings and does not apply to temporary positions. Applicants are urged to carefully follow all instructions available in the online recruitment platform, inspira, and to refer to the Applicant Guide by clicking on “Manuals” in the “Help” tile of the inspira account-holder homepage. The evaluation of applicants will be conducted on the basis of the information submitted in the application according to the evaluation criteria of the job opening and the applicable internal legislations of the United Nations including the Charter of the United Nations, resolutions of the General Assembly, the Staff Regulations and Rules, administrative issuances and guidelines. Applicants must provide complete and accurate information pertaining to their personal profile and qualifications according to the instructions provided in inspira to be considered for the current job opening. No amendment, addition, deletion, revision or modification shall be made to applications that have been submitted. Candidates under serious consideration for selection will be subject to reference checks to verify the information provided in the application. Job openings advertised on the Careers Portal will be removed at 11:59 p.m. (New York time) on the deadline date.
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.