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Job Opening
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Posting Title: |
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Investment Officer, North American Equities, P3
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Job Code Title: |
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INVESTMENT OFFICER
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Department/ Office: |
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United Nations Joint Staff Pension Fund
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Duty Station: |
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NEW YORK
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Posting Period: |
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29 January 2014-29 March 2014
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Job Opening number: |
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13-INV-UNJSPF-32372-R-NEW YORK (R)
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Staffing Exercise ID: |
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N/A
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United Nations Core Values: Integrity, Professionalism, Respect for Diversity
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Org. Setting and Reporting
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This position is located in the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent reports to the Senior Investment Officer-North America Equities.
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Responsibilities
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Under the overall supervision of the Senior Investment Officer, North America Equities, the incumbent will be responsible for the following functions:
• Assist the Senior Investment Officer (SIO) to manage and invest the assets of the Fund in equity markets of North America (United States and Canada).
• Balance long-term strategic goals with short-term performance objectives to outperform return benchmarks.
• Monitor the various portfolio holdings and conduct appropriate security analysis at the direction of the SIO.
• Comply with risk control parameters as delineated in the Investments Policy and Procedures Manual with goal to produce the optimal investment return that avoids undue risk.
• Conduct research and analysis of investments through ongoing communications with brokerage houses and other financial institutions.
• Recommend specific purchases or sales of securities as appropriate in order to achieve superior investment returns.
• Integrate Principles of Responsible Investments into investment analysis and monitor both internally and externally managed holdings, subject to IMD' standards of fiduciary responsibility to the Fund.
• Prepare reports on investment returns and strategy for review and discussion in regularly scheduled meetings, as requested.
• Contribute to the department asset allocation discussion, as needed.
• Assist in implementing asset class and regional allocation strategies as 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 for the investments of the UNJSPF have accurate and timely reports on investments and related matters, as needed.
• Coordinate and monitor execution of investment transactions in accordance with SIO instructions and subject to market conditions at the time.
• Assist 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.
• Promote a high standard of transparency and accountability in all respects of the management of the assets of the Fund through accurate and timely record keeping.
• 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.
• Participate in regular meetings/discussions with the designated research provider, attend seminars on relevant investment topics and participate in meetings with top management of companies of interest or potential interest to the Fund, as requested by the Senior Investment Officer.
• Exchange views and provide advice and guidance to colleagues within IMD with a goal of improving skills and expanding experience in order to increase motivation and promote superior performance by all staff members.
• Perform other duties as required.
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Competencies
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Professionalism:
• Demonstrated ability and sound knowledge of applied macroeconomics, banking, portfolio management and security analysis;
• Ability to work under pressure accurately, efficiently and effectively.
• Having the highest level of integrity;
• 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.
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Education
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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.
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Work Experience
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A minimum of five (5) years of progressively responsible experience in investment analysis and/or investment management covering equity markets in United States and/or Canada is required. Experience in following and researching United States and/or Canadian equities is required. Experience in pension funds, public funds and central banks is desirable.
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Languages
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Fluency in English, one of the working languages of the UN Secretariat, (both oral and written) is required. Knowledge of French is desirable. Knowledge of another UN official language is an advantage.
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Assessment
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Evaluation of qualified applicants may include an assessment exercise which may be followed by a competency-based interview.
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Special Notice
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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.
Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial Disclosure Programme. An appointment to the Investment Management Division (IMD) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to IMD's Code of Ethics, Personal Securities, Gift and Hospitality policies.
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United Nations Considerations
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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.
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No Fee
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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.
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