Senior Risk Officer, P5 Full-time Job1 year ago - Administration, Business and Management - New York City - 1K views
|Posting Title:||Senior Risk Officer, P5|
|Job Code Title:||SENIOR RISK OFFICER|
|Department/Office:||United Nations Joint Staff Pension Fund – Office of Investment Management|
|Duty Station:||NEW YORK|
|Posting Period:||03 June 2020 - 17 July 2020|
|Job Opening Number:||20-Investment Management-UNJSPF OIM-136634-R-New York (R)|
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 .
This position is located in Risk and Compliance. The incumbent reports to the Deputy Director of Risk and Compliance.
Within delegated authority, the Senior Risk Officer will be responsible for the following duties:
• Provide guidance on Asset-Liability management within a pension fund context and strategic asset allocation exercises.
• Provide significant inputs of market risk for for Global Equities and Global Fixed Income). Monitor and identify risk, prepare and interpret reports and formulate risk reduction and performance enhancing options.
• Ensures integrity of the processes for operational/risk related due diligence and monitoring of external asset managers in public asset classes, with significant participation in the due diligence process.
• Prepare and finalize modelling and integration of risk statistics by conducting research on macroeconomic factors, risk metrics reports to provide quantitative inputs on various investment proposals and existing portfolio of investments.
• Lead quantitative analysis on Fund's assets for the effectiveness and use of indexed tools and derivatives instruments for hedging equity, currency, duration, interest rate, and other risks.
• Provide substantive inputs on market risk management and conduct independent risk calculations.
• Plan and oversees team's tasks, plans/discusses work plan of staff to evaluate their performance.
• Lead the ongoing development, enhancement and day to day operations of risk budget, value at risk, stress testing and other market risk measurements for the Fund’s market risk exposures.
• Provides guidance to the weekly, monthly, quarterly and annual reporting on the Fund’s market risk for Global Public Equities and Global Fixed Income.
• Mentoring, guiding, and training new team members.
• Carrying out other tasks as may be assigned by Deputy Director, Risk and Compliance.
• Professionalism: Knowledge and understanding of Risk Management theories, concepts and approaches relevant to particular sector, functional area or other specialized field, including Risk Budget concepts. Experience in implementing Risk Management models and measures such as Risk Budgeting. Ability to identify issues, analyze and participate in the resolution of issues/problems. Ability to conduct data collection using various methods. Conceptual analytical and evaluative skills to conduct independent research and analysis, including familiarity with and experience in the use of various research sources, including electronic sources on the internet, intranet and other databases. Ability to apply judgment in the context of assignments given, plan own work and manage conflicting priorities. 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.
• 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.
• Accountability: Takes ownership of all responsibilities 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 delegated assignments; takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.
• Leadership: Serves as a role model that other people want to follow: empowers others to translate vision into results; is proactive in developing strategies to accomplish objectives; establishes and maintains relationships with a broad range of people to understand needs and gain support; anticipates and resolves conflicts by pursuing mutually agreeable solutions; drives for change and improvements; does not accept the status quo; shows the courage to take unpopular stands. Provides leadership and takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work; demonstrates knowledge of strategies and commitment to the goal of gender balance in staffing.
• Empowering Others: Delegates responsibility, clarifies expectations, and gives staff autonomy in important areas of their work; encourages others to set challenging goals; holds others accountable for achieving results related to their area of responsibility; genuinely values all staff members’ input and expertise; shows appreciation and rewards achievement and effort; involves others when making decisions that affect them.
Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Financial Engineering, Mathematics, Computer Science or related field is required. A first level university degree in combination with academic qualifications and experience may be accepted in lieu of the advanced degree. A Chartered Financial Analyst (CFA), Financial Risk Manager (FRM) or equivalent professional certification is desirable.
A minimum of ten years of progressively responsible experience working in global multi-asset class investment institutions is required.
A minimum of seven years of experience with portfolio risk analytics and global multi-asset class market risk management is required.
Experience in implementing advanced risk systems is required.
Experience in coding with Python or Octave or other programming language is desirable.
Experience in market risk management (equities or fixed income) is desirable.
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.
Evaluation of qualified candidates may include an assessment exercise which may be followed by competency-based interview.
• 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.
• 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.
• 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.
Each of the 193 Member States of the United Nations is a member of the General Assembly. States are admitted to membership in the UN by a decision of the General Assembly upon the recommendation of the Security Council.
The main organs of the UN are the General Assembly, the Security Council, the Economic and Social Council, the Trusteeship Council, the International Court of Justice, and the UN Secretariat. All were established in 1945 when the UN was founded.