Org .Setting And Reporting:
This position is located at the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF) Office in New York under the direct supervision of the Director and the Representative of the Secretary-General for investments. IMD is responsible for the day-to-day management of the investments of the Fund.
Responsibilities
Within delegated authority, the Deputy Director will be responsible for the following duties: 1. Leads the work programme of the fixed income, cash and foreign exchange section of IMD by: (a) recommending investment policy and strategy to the Director of IMD, and the Representative of the Secretary-General, and the Investments Committee on investment in the fixed income and foreign exchange portfolios; (b) evaluating advice and recommendations of staff of the section and industry experts and; (c) approving decisions on the purchase and sale of investments under the delegation of authority issued by the Representative of the Secretary- General for the investments of the Fund; (d) assessing investment performance of fixed income and foreign exchange and recommending guidelines for asset allocation ranges, currency holdings and market weightings to the Investments Committee for both strategic and tactical allocations; (e) evaluating investment opportunities in different countries, and regions and presenting findings and recommendations in the quarterly meetings of the Investments Committee; 2. Assists the Director of IMD and the Representative of the Secretary-General for the investments of the Fund to report on related matters to governing bodies, Auditors, the Pension Board, ACABQ, and Fifth Committee by: (a) supervising the preparation of papers on the fixed income portfolio, investment policies and strategies, global economic and market conditions, the investment outlook, etc. (b) providing answers and explanations to questions raised by members of these bodies. 3. Oversees the performance of the brokers and the global custodian of the Fund responsible for the execution of investment transactions.4. Ensures that a high level of professional investment expertise and knowledge is maintained by exploring published economic and investment material provided by investment brokers, banks, government sources and analysts; leading regular meetings/discussions with industry experts and other sources of information; participating in seminars on investment topics; planning and conducting meetings with industry experts; exchanging views and providing advice and guidance to colleagues within IMD; supervising and training staff to improve skills and expand experience in order to increase motivation and promote superior performance; recruiting staff for the Fixed Income Section, taking due account of geographical and gender balance and other institutional values.
Competencies:
PROFESSIONALISM: Demonstrated ability and knowledge of applied macroeconomics, quantitative analysis and fixed income portfolio construction and management; budgetary, financial or administrative management policy and programmatic issues; ability to take charge of management initiatives in the area of fixed income and currency investment performance/risk analysis. 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. PLANNING AND ORGANIZING: Develops clear goals that are consistent with agreed strategies, such as the Mission Statement of the Section; identifies priority activities and assignments; adjusts priorities as required; allocates appropriate amount of time and resources for completing work; foresees risks and allows for contingencies when planning; monitors and adjusts plans and actions as necessary; uses time efficiently. 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. 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 to gain support; anticipates and resolves conflicts by pursuing mutually agreeable solutions; strives for change and improvement; 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. JUDGMENT/DECISION-MAKING: Identifies the key issues in a complex situation, often with limited or imperfect data in a changing investment environment, and comes to the source of the problem quickly; gathers relevant information before making a decision; considers positive and negative impacts of decisions prior to making them; takes decisions with an eye toward the impact on others, the Fund, and on the Organization; proposes a course of investment actions or makes recommendations based on all available information; checks assumptions against facts; determines the actions proposed will satisfy the expressed and underlying needs for the decision; makes tough decisions when necessary.
Education:
Advanced university degree (Master's degree or equivalent degree) in business management, economics, finance, banking or portfolio investment management or related field is required. A first level university degree in combination with an additional two years of qualifying experience may be accepted in lieu of the advanced university degree.
Work Experience:
A minimum of 15 years of progressively responsible experience in investments, international portfolio management, financial management is required. Experience in fixed income investments, cash and foreign exchange transactions and currency markets is required. Proven record of international fixed income portfolio and short-term investments management is required. A minimum of 10 years of experience in the management of a large diversified global investment in fixed income portfolio is required.
Languages:
English and French are the working languages of the United Nations Secretariat. For this post, fluency in written and oral English is required. Knowledge of another official UN language is desirable.
