Saturday 21 April 2012

UNDP Investment Officer - Emerging Markets Equities/ Asia Job Vacancy in New York

Job Title: Investment Officer -Emerging Markets Equities/ Asia, P4
Department/ Office: United Nations Joint Staff Pension Fund
Duty Station: NEW YORK

Posting Period: 4 April 2012-3 June 2012
Job Opening number: 12-INV-UNJSPF-23298-R-NEW YORK (O)

This position is located in the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent reports directly to the Senior Investment Officer-Global Emerging Market Equities.

Responsibilities
This post is located in the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent reports directly to the Senior Investment Officer for Emerging Market Equities.

The incumbent would be responsible for the following functions:
• Invest and manage the assets of the Fund in Emerging Market equities to produce the optimal investment return that avoids undue risk, balancing long-term strategies to achieve results superior to the MSCI benchmarks by: constructing and monitoring the internally-managed portfolio through dedicated research while complying with risk control parameters as delineated in the Investment Manual; conducting research of investments including regular investment visits and ongoing communications with brokerage houses and other financial institutions; recommending and executing specific purchases or sales of securities on a daily basis or as appropriate in order to achieve results superior to the benchmark ensuring that investment transactions are executed by brokers in accordance with instructions and market conditions at the time; integrating Principles of Responsible Investments into investment analysis , subject to IMD' standards of fiduciary responsibility to the Fund; preparing reports on investment returns and strategy for review and discussion in regularly scheduled meetings, such as, Investment Committee and Portfolio Review meetings. Contribute to the decision-making related to asset allocation by providing regional outlook for asset class by contributing experience and knowledge gained in investment management of regional portfolio; participating in quarterly Investment Committee meetings; implementing asset class and regional allocation strategies decided upon by the Representative of the Secretary-General for the investments of the UNJSPF.
• Ensure that the Director of IMD and the Representative of the Secretary-General have accurate and timely reports on investments and related matters for the UNJSPF Pension Board, the Advisory Committee on Administrative and Budgetary Questions (ACABQ), the Fifth Committee and the General Assembly by producing papers on investment-related subjects; preparing draft speeches of the Representative of the Secretary-General on investment matters; conducting informal discussions with delegates to those bodies when requested by supervisors.
• Supervise investment-related work at IMD by ensuring that investment transactions are executed by brokers in accordance with instructions and market conditions at the time; evaluating the quality of the advice and recommendations submitted by research providers; appraising performance of external managers employed in the region; promoting a high standard of transparency and accountability in all aspects of the management of the assets of the Fund through accurate recordkeeping; directing production of investment data that is accurate and timely; interacting effectively with internal and external auditors to ensure that assets are fully protected.
• Ensure that IMD maintains a high level of professional investment expertise and knowledge by exploring published economic and investment material provided by investment brokers, banks, government sources and financial analysts; leading regular meetings/discussions with the designated investment advisors and other sources of information; participating in seminars on investment topics; planning and conducting meetings with top management of companies of interest or potential interest to the Fund; exchanging views and provision of advice and guidance to colleagues within IMS; supervising and training of staff to improve skills and expand experience in order to increase motivation and promote superior performance by all staff members; recruiting staff for IMD subject to approval by the Director, taking due account of geographical and gender balance and other institutional values.

Competencies
Professionalism:
• Demonstrated ability and sound knowledge of applied macroeconomics, security analysis and portfolio management.
• Ability to work under pressure and provide accurate, efficient and effective results.
• Demonstrated ability to interact with senior corporate management and brokerage analysts in order to solicit relevant investment information.
• Ability to utilise various portfolio management and data processing tools; such as Bloomberg, Charles River, etc., and familiarity with the use of internet applications and MS Office programmes.
• Take responsibility for incorporating gender perspectives and ensure the equal participation of women and men in all areas of work.

Teamwork:
Ability to work collaboratively with colleagues, advisers and financial professionals, to achieve organisational goals and solicit input by genuinely valuing others' ideas and expertise; place team agenda before personal agenda; support and act in accordance with final group decision, even when such decision may not entirely reflect own position; shares credit for team accomplishments and accepts joint responsibility for team shortcomings.

Planning& Organizing:
Develops clear goals that are consistent with agreed strategies; 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.

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 academic qualifications and experience in portfolio management may be accepted in lieu of the advanced degree. Chartered Financial Analyst (CFA) is desirable.

Work Experience
At least seven years of proven progressively responsible investment management experience related to investment analysis and/or investment management in the area of equities for Asian emerging markets are required. Specifically, experience in following and researching major markets within Asian Emerging Markets , such as People's Republic of China, Republic of Korea, etc. is required. Experience in pension funds, public funds and central banks are desirable.

Languages
English and French are the working languages of the United Nations Secretariat. For this post, fluency in oral and written English is required. Working knowledge of another official language of the United Nations is desirable.

Assessment Method
Competency based interviews.

Special Notice
Any candidate from a member organization of the UNJSPF applying for this post is considered as an internal candidate provided he/she has been appointed through the appointment and promotion procedures applicable in his/her respective organization.

United Nations Considerations
The United Nations shall place 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. (Charter of the United Nations - Chapter 3, article 8). The United Nations Secretariat is a non-smoking environment.

No Fee
THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, TRAINING OR ANY OTHER FEES). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON BANK ACCOUNTS.

Click Here to Apply

Closing Date: Sunday, 03 June 2012

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