Role purpose

The Deputy Chief Investment Officer assists the CIO in directing the work programme of Investments in the Office of Investment Management, which is responsible for the management of the investment portfolios of the United Nations Joint Staff Pension Fund. The Deputy Chief Investment Officer reports to the Chief Investment Officer of OIM.

Major Duties and Responsibilities

Within delegated authority, the Deputy Chief Investment Officer will be responsible for the following duties:

• Contributes to the work programme of the Office of Investment Management (OIM) by:
  • Supporting the Chief Investment Officer (CIO) in implementing the organization's investment policies and strategies set by the Representative of the Secretary-General (RSG) and CIO, in consultation with the Investments Committee and the suggestions of the Pension Board.
  • Overseeing the Asset Allocation and Quantitative Investment teams.
  • Supporting the CIO in establishing the tactical asset allocation strategies by monitoring macroeconomic trends, conducting fundamental and technical analysis of the capital markets, developing analytical tools, and managing the dissemination of information across multiple asset classes, geopolitical regions, and sectors.
  • Supporting the CIO in recommending investment policy and strategy to the RSG including, but not limited to, the Strategic Asset Allocation, Quantitative strategies.
  • Exploring new assets and investment approach in collaboration with the various teams in the Investment Section and the entire OIM.
  • Monitoring the external manager selection process and the performance of the relevant external managers.
  • Supporting programs for staff training and development to maintain and further develop the expertise of the Unit's personnel.
  • Development of hedging strategies.

• Assists the Representative of the Secretary-General for the Investments of the UNJSPF and the CIO to report on related matters to the Investments Committee, Pension Board, ACABQ and the Fifth Committee by:
  • Preparing and supervising the preparation of reports on investment performances, structure of the portfolio, investment policies and strategies, global economic and market conditions, the investment outlook and requirements for the financing of operations.
  • Presenting and defending proposals on the financing and staffing of the Office of CIO to the Pension Board, ACABQ and Fifth Committee and providing answers along with explanations to the questions raised by Governing Bodies.

• Supports the RSG and CIO in negotiating contracts with the investment advisors and external managers of the Fund along with and overseeing the said performance.

• Represents the Office of Investment Management in internal and external fora.

• Performs other duties as required such as participating in OIM wide projects including Asset Liability Management Studies and Benchmark Studies along with overseeing the Private Markets portfolio.

Qualifications and Competencies:  

Education:

• Advanced university degree (Master's or equivalent degree) in Business Admin. (MBA), Finance, Economics or related field is required.  A first level university degree in combination with two additional years of qualifying experience may be accepted in lieu of the advanced university degree.  

• Chartered Financial Analyst (CFA) certification is desirable.

Experience:

• A minimum of 15 years of proven progressively reponsible and practical experience in investment management of asset allocation strategies is required.
• At least 10 years in experience in long-term oriented institutional investment management organization by utilizing fundamental and quantitative analysis for managing the assets of large-sized asset owners such as pension funds and sovereign wealth funds, with USD 10 billion or more assets under management, is required.
• At least 10 years in leadership or management roles, such as Director and Senior Portfolio Manager is required.
• At least 10 years in in-house management of the asset allocation strategies is required.
• At least 5 years in conducting due diligence for selecting external management advisors and monitoring those managers is desirable.
• Experience in rule-based quantitative asset allocation strategies is desirable.

Language:

• 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.

Competencies

• Professionalism: Demonstrated competence in and adherence to the standards of conduct of the profession and in the application of best practices; conceptual and analytical skills; demonstrated conscientiousness and efficiency in meeting commitments, observing deadlines and achieving results; ability to direct, review and guide the work of others, particularly in terms of substantive quality and high digital and technological awareness and proficiency. Proven track record of decision-making as an asset allocator and investment manager of a similar size and complexity of the portfolio of the UNJSPF and of consistently surpassing the performance of policy benchmarks over the multiple years. Ability to apply UN rules, regulations, policies and guidelines in work situations. 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 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.

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 gain support; anticipates and resolves conflicts by pursuing mutually agreeable solutions; drives for change and improvements; 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.

• Building Trust: Provides an environment in which others can talk and act without fear of repercussion; manages in a deliberate and predictable way; operates with transparency; has no hidden agenda; places confidence in colleagues, staff members and clients; gives proper credit to others; follows through on agreed upon actions; treats sensitive or confidential information appropriately

Terms of Appointment

Post Level: D-1. Type of Contract: FTA International.

Salary Range for a D1 position based in New York, USA.

Role Location

New York, USA

How to Apply

To apply for this position, please ensure you complete the Application Form provided below by 20 February 2025 (23:59 hrs, GMT -5 ). It is essential that you submit your CV in English, specifically in Microsoft Word format (.doc/.docx), not exceeding 10MB.

Applications in other languages or formats will not be considered.

Rest assured, all information will be handled with the utmost confidentiality.

SRI Executive is exclusively retained by United Nations Joint Staff Pension Fund (UNJSPF) to undertake this assignment.