Senior Compliance Officer

United Nations

JOB OPPORTUNITY

Posting Title: Senior Compliance Officer, P5
Job Code Title: SENIOR PROGRAMME MANAGEMENT OFFICER
Department/Office: United Nations Joint Staff Pension Fund – Office of Investment Management
Duty Station: NEW YORK
Posting Period: 10 March 2023 – 23 April 2023
Job Opening Number: 23-Programme Management-UNJSPF OIM-203020-R-New York (R)
Staffing Exercise N/A

United Nations Core Values: Integrity, Professionalism, Respect for Diversity

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 approximately $70+ billion multi-asset class, global investment portfolio, about 85% of which is actively managed in-house. Asset classes under management comprise of global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber, and commodities. OIM’s staff are all based in New York and come from over 30 countries. For more information, please visit OIM’s website at https://oim.unjspf.org/.

This position leads the Compliance team within the Risk and Compliance Section of the Office of Investment Management (OIM) of the United Nations Joint Staff Pension Fund (UNJSPF). The incumbent will report to the Chief of the Risk and Compliance Section, who reports directly to the Representative of the Secretary-General (RSG) of OIM.

Responsibilities
Within delegated authority, the incumbent would perform the following functions:

1. Leads the ongoing development, enhancements, and day to day operations of OIM’s compliance program, also ensuring compliance program is well documented, with the assistance of appropriate tools and well known to OIM staff.
2. Ensures that the steps in OIM’s compliance process – compliance risk identification, establishing policies and procedures and implementing them – are appropriate and are undertaken in a timely manner by OIM Staff to whom those functions have been assigned.
3. Serves as the Compliance Focal Point for new endeavors of the Fund including the implementation of new financial instruments such as derivatives.
4. Ensures that the appropriate principles of management and control are observed in the implementation of policies and procedures. These principles include separation of functions, clear assignment of responsibilities, measuring results against standards and reporting outcomes.
5. Leads the transactional testing as appropriate to detect deviations of actual transactions from policies or standards and that the results of such tests are included, and other management reports are properly addressed, escalated when necessary, and resolved by the responsible section leads.
6. Ensures that there is timely and appropriate review of material and repetitive compliance issues as indicators of possible gaps and weaknesses in policies and procedures or risk identification processes and facilitates the use of such information in updating OIM’s compliance program.
7. Addresses conflict of interest, reputational risk, insider trading, gifts and hospitality, AML and other compliance issues and undertakes periodic analyses and evaluations of compliance issues together with the results of appropriate testing conducted by OIM Compliance staff as a means of obtaining additional or corroborating evidence regarding both the effective functions of OIM’s compliance program and the possible existence of disguised or undetected compliance issues. Keep respective policies updated and revised.
8. Coordinates compliance due diligence on external managers and vendors. Makes sure Compliance Reputational risk dashboard is updated.
9. Actively participates in committees such as the Compliance Committee, the Risk Committee, as well as any other committees or working groups as needed. Act as the Secretary of the Compliance Committee
10. Ensures that OIM Staff are appropriately trained in compliance and ethics-related matters. A key component of this is OIM’s annual ethics training program.
11. Serves as Audit Focal Point for the Board of Auditors and the Office of Internal Oversight Services as well as external consultants for the testing of internal controls related to the Financial Statements, facilitating, and coordinating the activities of such examinations including the resolution of findings and observations and also reviewing the Statement of Work for the testing of controls by the external consultant.
12. Serves as the Focal Point for OIOS investigations by facilitating and assisting their efforts of retrieval of documentation including e-Discovery.
13. Provides general oversight to compliance matters related to ICT and Business Continuity Policies.
14. Ensures that OIM’s basic responsibilities as a signatory to the UN-endorsed Principles for Responsible Investment (PRI) initiative are met, to include completion of the PRI annual survey and participation or direction in PRI activities.
15. Participates in ad-hoc OIM projects as requested by the Chief Risk and Compliance Officer.
16. Mentoring, guiding, and training new team members.
17. Leads team members efforts to collect and analyze data and provides insight to identify trends or patterns for data-driven planning, decision-making, presentation and reporting. Ensures that everyone can discover, access, integrate and share the data they need.

Competencies
Core Competencies:

• Professionalism: Demonstrated competence in and adherence to the standards of conduct of the profession and in the application of best practices; Command of investment risk and compliance matters; Market and Operational risk/Enterprise-wide risk management skills; Conceptual and analytical skills; Quantitative skills; Demonstrated conscientiousness and efficiency in meeting commitments, observing deadlines and achieving results; Ability to direct, review and guide the work of direct reports, particularly in terms of substantive quality. Knowledge and professional experience in investment compliance matters. Knowledge and understanding of theories, concepts and approaches relevant to this field. Ability to identify issues, analyze and participate in the resolution of issues/problems. Ability to conduct data collection using various methods. Ability to apply judgment in the context of assignments given, plan own work and manage conflicting priorities.
The ability to analyze and interpret data in support of decision-making and convey resulting information to management; 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.
• 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
• Accountability: Takes ownership of all responsibilities and honors 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.

Managerial Competencies:

• 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.
• Judgement/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 or equivalent) in Business Administration (MBA), Finance, Economics, Law or related field is required. A first level university degree in combination with academic qualifications and experience in investment compliance may be accepted in lieu of the advanced degree. A CFE (certified fraud examiner) credential is desirable.

Work Experience
A minimum of ten years of progressively responsible experience working in investment management/financial institutions is required.

A minimum of seven years of direct experience with compliance is required.

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.

Assessment
Evaluation of qualified candidates may include an assessment exercise which may be followed by competency-based interview.

Special Notice
• 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.

• 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.

• For this specialized position, the lateral move requirement outlined in section 6.3 of the Staff Selection System, ST/AI/2010/3, is not applicable.

• Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial disclosure Programme. An appointment to the Office of Investment Management (OIM) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to OIM’s Code of Ethics, Personal Securities, Gift and Hospitality policies.

• For this position, applicants from the following Member States, which are unrepresented or underrepresented in the UN Secretariat as of 30 September 2022, are strongly encouraged to apply: Afghanistan, Andorra, Angola, Antigua and Barbuda, Bahrain, Belize, Brunei Darussalam, Cabo Verde, Central African Republic, Chad, China, Comoros, Cuba, Democratic People’s Republic of Korea, Djibouti, Dominica, Equatorial Guinea, Gabon, Grenada, Guinea-Bissau, Haiti, Israel, Japan, Kiribati, Kuwait, Lao People’s Democratic Republic, Lesotho, Liberia, Libya, Liechtenstein, Malta, Marshall Islands, Federated States of Micronesia, Monaco, Mozambique, Namibia, Nauru, Norway, Oman, Palau, Panama, Papua New Guinea, Paraguay, Qatar, Republic of Korea, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Slovenia Solomon Islands, South Sudan, Timor-Leste, Turkmenistan, Tuvalu, United Arab Emirates, United States of America, Vanuatu.

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.

No Fee
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.

To apply for this job please visit careers.un.org.