United Nations Secretariat

Risk Officer (Private Markets)

United Nations Secretariat

Job Description

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 $60+ 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. OIM’s staff are all based in New York but come from over 30 countries. For more information please visit OIM's website at https://oim.unjspf.org/.

This position is located in Risk and Compliance. The incumbent reports to the Deputy Director of Risk and Compliance.

Responsibilities

Within delegated authority, the Risk Officer will be responsible for the following duties:

Analysis of risk and monitoring for private equity, real estate, infrastructure, timber, commodities, and currencies.
• Performing operational/risk due diligence and monitoring of alternative and external asset managers.
• Analysis benchmarks, out performance targets and risk budgets for the Fund's private markets and external managers, and oversees the conduct of performance and risk monitoring to evaluate results achieved against these benchmarks.
• Develops and delivers assessment of portfolio risks of External Managers and Private Markets – Private Equity, Real Estate and Real Assets
• Under the supervision of the Deputy Director for Risk and Compliance Service, implements a comprehensive risk monitoring mechanism for the investments and apply and oversees the process.
• Develops a methodology for a risk and performance analysis appropriate for the investments (Private Markets – Private Equity,Real Estate and Real Assets) of the Fund and oversees the reporting.
• Represents the Organization at inter-agency meetings, seminars, etc. on substantive-relative issues as instructed by the Deputy Director for Risk and Compliance Service.
• Participates in international, regional or national meetings and provide programmatic/substantive expertise on Portfolio Risk Analysis and Performance Attribution, or holds programmatic/substantive and organizational discussions with representatives of other institutions.
• Caries out other tasks as may be assigned by Deputy Director for Risk and Compliance Service.
• Assist the Deputy Director for Risk and Compliance Service in setting and managing the Fund's risk budget for Private Markets on an ongoing basis.
• Contribute to the weekly, monthly, quarterly and annual management and external reporting on the risks in the Fund.
• Mentoring, guiding, and training new team members.

Competencies

• Professionalism: Knowledge and understanding of Risk Management theories, concepts and approaches relevant to particular sector, functional area or other specialized field, including Risk Budget concepts related to Private Markets. Experience in implementing Risk Management models for Private Markets. Ability to identify issues, analyze and participate in the resolution of issues/problems. Ability to conduct Data Collection using various methods. 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. Ability to self-start and self-motivate, delivering results without major supervision.
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.

• 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 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.

Education

Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Financial Engineering, Mathematics, Computer Science or related field is required. A first level university degree in combination with academic qualifications and experience may be accepted in lieu of the advanced degree. A Chartered Financial Analyst (CFA) or equivalent professional certification is desirable.

Work Experience

A minimum of seven years of progressively responsible experience working in investment management institutions is required.
A minimum of five years of experience in investment analysis or risk management in the areas of private equity or real estate is required.
Experience using risk Management Systems 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.

Assessment

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

Special Notice

• 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.
• 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 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.

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.

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.

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