What are the responsibilities and job description for the Investment Officer (Private Equity) position at UNJSPF?

JO : 249051

Level : P-3

Duty Station : NEW YORK

Deadline : Jan 25, 2025

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 $95 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 45 countries. For more information please visit OIM's website at https : / / oim.unjspf.org / . This position is located in the Private Equity Team, which includes Private Equity and Private Credits. The incumbent reports directly to the Senior Investment Officer of the Private Equity Team

Responsibilities

The private markets portfolio of the UNJSPF consists of over 200 investments in private open-ended and closed-ended private markets funds (including private equity, real estate and real assets). Under the overall supervision of the Senior Investment Officer (SIO), the incumbent will be responsible for the following functions :

Assists the Senior Investment Officer (SIO) to manage and invest the assets of the Fund in private equity and real assets markets.

Balances long-term strategic goals with short-term performance objectives to outperform return benchmarks.
Monitors the various portfolio holdings and conduct appropriate security analysis at the direction of the SIO.
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.
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.
Conducts portfolio review periodically and presents in the Portfolio Review Meeting.
Conducts portfolio analysis using risk tools and analytical tools.

Conducts careful and thorough investment research :

Performs fundamental analysis through financial statements, market news, and other available information.

Reviews investment research and discuss with strategists, economists, security analysts through the Advisors / Research Providers.

Attends investment conferences and Seminars to access to academia and industry experts.

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.

Contributes to specific investment recommendations

Ensures Fund’s four investments criteria; i.e. safety, profitability, liquidity, and convertibility,

Contributes to making specific investment recommendations to achieve optimum investment performance with carefully review of the portfolio’s investment objectives and risk tolerance,

Presents and discusses investment recommendations to SIO of the relevant asset class / region,

Participates in the discussions and development of investment recommendations for asset allocation for the Fund.

Reporting

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.

Assists the Director of the Investment Management Division in reporting on investments and related matters to governing bodies.

Competencies

Professionalism : Has demonstrated ability and strong knowledge of financial modeling, financial statement analysis, and presentation creation. Has sound familiarity with valuation analysis as well as use of financial / informational tools such as Bloomberg, Pitchbook, etc. Has strong Microsoft Excel and Power Point skills. Exhibits good familiarity and knowledge of private markets’ investing. Has ability to work under pressure accurately, efficiently, and effectively. Has the highest level of integrity. 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 honours 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.

Education

Advanced university degree (Master's degree or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required. A first-level university degree in combination with additional two years of qualifying experience may be accepted in lieu of the advanced university degree. Chartered Financial Analyst (CFA) designation is desirable.

Work Experience

A minimum of five (5) years of progressively responsible experience in quantitative and qualitative investment analysis is required. Investment experience working at a private equity or private credit markets’ investment firm, or a consulting firm is desirable. Investment experience working at an Institutional Investor Organization such as Pension funds, Endowments, Foundations 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 desirable.

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