Risk Officer (Performance)
JO: 250358
Level: P-3
Duty Station: New York, USAÂ
Deadline: Feb 13, 2025
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 a $95+ billion multi-asset class, global investment portfolio, about 85% of which is actively managed in-house. Asset classes under management comprise global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber, and commodities. OIMâs staff are all based in New York but come from over 40 countries. For more information, please visit OIM's website at https://oim.unjspf.org/. The Risk Officer reports to a Team Lead. The Risk Officer will play a key role in producing comprehensive Investment performance reports across multiple asset classes and the overall Fund, as well as conducting attribution analysis to identify the performance drivers. The Risk Officer will collaborate with the custodian to ensure the quality of data in the performance system, will assess the potential impact of new SAAs, new accounts, and new instruments to investment hierarchy and performance reporting. The role will also involve participation in various projects carried out within the Fund.
Responsibilities
Within delegated authority, the Risk Officer will be responsible for the following duties:Â
⢠Produce investment performance reports on a regular basis for internal and external stakeholders and seek opportunities to enhance efficiency of the performance reporting process through standardization and automation.
⢠Conduct attribution analysis to identify performance drivers and assess the performance of different portfolios against their respective benchmarks.
⢠Collaborate closely with the Fundâs record keeper and portfolio managers to ensure data accuracy.Â
⢠Assist in drafting the GIPS report and support the GIPS verification process.Â
⢠Collaborate in the evaluation of the potential impact of new SAAs, new accounts, and new instruments to investment hierarchy and performance reporting and implement changes in the working files when necessary.
⢠Participate in the development, implementation, and evaluation of assigned programmes/projects/reports, etc.; monitors and analyzes programme/project development and implementation; runs and reviews relevant documents and reports; identifies problems and issues to be addressed and proposes corrective actions; liaises with relevant parties; identifies and tracks follow-up actions. Conduct ad hoc analyses and performance reports to senior management committees, Investment committee, Pension Board, ACABQ, Fifth committee and Auditors.Â
⢠Assist in policy development, including updating policy and procedure documents related to investment performance activity to ensure internal consistency with the current state.Â
⢠Prepare various written outputs, e.g. draft background papers, analysis, sections of reports and studies, inputs to publications, e-mails etc.Â
⢠Research, analyze and present information gathered from diverse sources. Collect and analyzes data to identify trends or patterns and provide insights through graphs, charts, tables and reports using data visualization methods to enable data-driven planning, decision-making, presentation and reporting.Â
⢠Provide substantive support to consultative and other meetings, conferences, etc., to include proposing agenda topics, identifying participants, preparation of documents and presentations, preparation of minutes etc.Â
⢠Undertake survey initiatives; design data collection tools; review, analyze and interpret responses, identify problems/issues and prepare conclusions.
⢠Undertake outreach activities; conduct training workshops, seminars, etc.; make presentations on assigned topics/activities.
⢠Collects and analyzes data to identify trends or patterns and provide insights through graphs, charts, tables and reports using data visualization methods to enable data-driven planning, decision-making, presentation and reporting.Â
⢠Perform other duties as required.
Competencies
⢠Professionalism: Knowledge and understanding of theories, concepts and approaches relevant to risk management, quantitative analysis, and portfolio theory. Ability to identify issues, analyze and participate in the resolution of issues/problems. Conceptual analytical and evaluative skills to conduct independent research and analysis, including familiarity with and experience in the use of various research sources, including electronic sources on the internet, intranet and other databases. Ability to apply judgment in the context of assignments given, plan own work and manage conflicting priorities. Able 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. Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.Â
⢠Teamwork: Works collaboratively with colleagues to achieve organizational goals; solicits input by genuinely valuing othersâ 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.Â
⢠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.
Education
Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Economics, Mathematics, Engineering or related field is required. A first level university degree in combination with academic qualifications and experience in risk management / Investment performance may be accepted in lieu of the advanced degree. CFA or CIPM is desirable. Knowledge of Power BI is desirable.
Work Experience
Minimum of 5 years of progressively responsible experience in investment analysis, risk management, investment performance or a related area is required. At least 2 years of experience in data analytics or related area is desirable. Experience with programming languages such as Python) is desirable.
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 an advantage.
For more information, please follow the link: https://careers.un.org/jobSearchDescription/250358?language=en
