Posting Title: Investment Officer, P4
Job Code Title: INVESTMENT OFFICER
Department/Office: Department of Management Strategy, Policy and Compliance Office of Programme Planning, Finance and Budget
Duty Station: NEW YORK
Posting Period: 12 October 2021 – 25 November 2021
Job Opening Number: 21-Investment Management-DMSPC OPPFB-160002-R-New York (O)
Staffing Exercise: N/A
Org. Setting and Reporting
This position is located in Treasury in the Financial Risk Management Service (FRMS), Finance Division (FD), Office of Programme Planning Finance and Budget (OPPFB), Department of Management Strategy, Policy and Compliance (DMSPC).
The Incumbent reports to the Chief of the Investments Section.
Under the general direction of the Chief of the Investment Section, the incumbent performs the following duties and responsibilities:
1.In cooperation with the Senior Investment Officer, develops policies and ensures operation of sound investment and cash management practices, in particular by introducing up-to-date investment procedures.
2.Makes investment placement of available USD, EUR and CHF funds in world-wide short-term money markets, fixed income and equity markets within the investment policy and guidelines.
3.Monitors financial conditions and credit ratings of financial institutions used by the United Nations. Monitors the investment portfolio to ensure that investments are kept within the relevant limits.
4.Participates in negotiation with banks and financial institutions for banking services, investments and currency purchases and sales.
5.Supervises and manages currency exposure including the preparation and execution of foreign exchange transactions covering daily operational account funding, the foreign exchange hedging program and budget rate setting.
6.Supervises all the processes related to investment transactions and maintains investment and currency management records in line with Investments Section procedures. Prepares various reports periodically on investments for the FRMS Chief and Controller and other offices concerned.
7.Assists in the introduction, implementation and enhancements of any investment-related software packages.
Professionalism: Demonstrated in-depth practical working experience of all aspects of investment strategies including money markets, fixed income, equity and currencies; Proven analytical skills and ability to provide well-reasoned advice in the area of investment, types of market instruments and financial institutions; Ability to formulate new strategies and approaches to investment; Shows sound judgment in interpreting UN regulations and rules, policies and instructions to ensure that they are applied correctly but flexibly to meet the needs of each particular situation; 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 clam in stressful situations; Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.
Communication: Speaks and writes clearly and effectively; Listens to others, correctly interprets messages from others and responds appropriately; Asks questions to clarify, and exhibits interest in having two-way communication;Tailors language, tone, style and format to match the audience; Demonstrates openness in sharing information and keeping people informed
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
Advanced University Degree (Master’s Degree or equivalent) in Finance, Business Administration, or related field. A first level university degree in combination with two additional years of relevant experience may be accepted in lieu of the advanced university degree.
A Chartered Financial Analyst (CFA) designation or similar qualification is desirable.
A minimum of seven years of progressively responsible work experience in fixed income portfolio management of which at least two years is with an international bank or a large international organization with large portfolio of assets under management is required.
Experience in equity investing is desirable.
Experience in foreign exchange is desirable.
Experience in International Swaps and Derivatives Association (ISDA) master agreement negotiation is desirable.
Experience in credit and risk analysis is desirable.
English and French are the working languages of the United Nations Secretariat. For the post advertised, fluency in English is required. Knowledge of another UN language is an advantage.
Evaluation of qualified candidates may include a presentation and/or an assessment exercise which may be followed by a competency-based interview.
This post is financed by the Support Account for Peacekeeping Operations. Appointment or assignment against this position is for an initial period of one year. The appointment or assignment and renewal thereof are subject to the availability of the post or funds, budgetary approval or extension of the mandate.
Applicants from troop- and police-contributing countries who are found most suitable and recommended for selection will be given due consideration for positions in a peacekeeping operation or Headquarters support account funded positions in the Department of Peacekeeping Operations and the Department of Field Support, taking into account their contribution to United Nations peacekeeping, in accordance with General Assembly resolutions 66/265 and 67/287.For the latest list of troop- and police-contributing countries, visit the following website: https://peacekeeping.un.org/en/troop-and-police-contributors.
At the United Nations, the paramount consideration in the recruitment and employment of staff is the necessity of securing the highest standards of efficiency, competence and integrity, with due regard to geographic diversity. All employment decisions are made on the basis of qualifications and organizational needs. The United Nations is committed to creating a diverse and inclusive environment of mutual respect. The United Nations recruits and employs staff regardless of gender identity, sexual orientation, race, religious, cultural and ethnic backgrounds or disabilities. Reasonable accommodation for applicants with disabilities may be provided to support participation in the recruitment process when requested and indicated in the application.
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 appointed to the current position are required to submit a financial disclosure statement upon assignment or appointment and annually thereafter.
United Nations Considerations
According to article 101, paragraph 3, of the Charter of the United Nations, the paramount consideration in the employment of the staff is the necessity of securing the highest standards of efficiency, competence, and integrity. Candidates will not be considered for employment with the United Nations if they have committed violations of international human rights law, violations of international humanitarian law, sexual exploitation, sexual abuse, or sexual harassment, or if there are reasonable grounds to believe that they have been involved in the commission of any of these acts. The term “sexual exploitation” means any actual or attempted abuse of a position of vulnerability, differential power, or trust, for sexual purposes, including, but not limited to, profiting monetarily, socially or politically from the sexual exploitation of another. The term “sexual abuse” means the actual or threatened physical intrusion of a sexual nature, whether by force or under unequal or coercive conditions. The term “sexual harassment” means any unwelcome conduct of a sexual nature that might reasonably be expected or be perceived to cause offence or humiliation, when such conduct interferes with work, is made a condition of employment or creates an intimidating, hostile or offensive work environment, and when the gravity of the conduct warrants the termination of the perpetrator’s working relationship. Candidates who have committed crimes other than minor traffic offences may not be considered for employment.
Due regard will be paid to the importance of recruiting the staff on as wide a geographical basis as possible. The United Nations places 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. The United Nations Secretariat is a non-smoking environment.
The paramount consideration in the appointment, transfer, or promotion of staff shall be the necessity of securing the highest standards of efficiency, competence, and integrity. By accepting an offer of appointment, United Nations staff members are subject to the authority of the Secretary-General and assignment by him or her to any activities or offices of the United Nations in accordance with staff regulation 1.2 (c). In this context, all internationally recruited staff members shall be required to move periodically to discharge new functions within or across duty stations under conditions established by the Secretary-General.
Applicants are urged to follow carefully all instructions available in the online recruitment platform, inspira. For more detailed guidance, applicants may refer to the Manual for the Applicant, which can be accessed by clicking on “Manuals” hyper-link on the upper right side of the inspira account-holder homepage.
The evaluation of applicants will be conducted on the basis of the information submitted in the application according to the evaluation criteria of the job opening and the applicable internal legislations of the United Nations including the Charter of the United Nations, resolutions of the General Assembly, the Staff Regulations and Rules, administrative issuances and guidelines. Applicants must provide complete and accurate information pertaining to their personal profile and qualifications according to the instructions provided in inspira to be considered for the current job opening. No amendment, addition, deletion, revision or modification shall be made to applications that have been submitted. Candidates under serious consideration for selection will be subject to reference checks to verify the information provided in the application.
Job openings advertised on the Careers Portal will be removed at 11:59 p.m. (New York time) on the deadline date.