Chief, Risk and Compliance
- Employer
- United Nations Joint Staff Pension Fund – Office of Investment Management
- Location
- New York City, New York (US)
- Salary
- Competitive
- Closing date
- 30 Dec 2022
View more
- Sector
- Not for Profit / Charity
- Responsibilities
- Risk / Compliance
- Position/Level
- Professional / Specialist, Department Head
- Contract Type
- Permanent
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 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 Representative of the Secretary-General for the investment of the assets of the UNJSPF.
Responsibilities
Within delegated authority, the incumbent would perform the following functions:
• Assists the Representative of the Secretary-General (RSG) of OIM in the development and implementation of the Fund's policy on investment risk control (public equities, fixed income and private markets risks), operational risk, compliance and investment performance. Assists the RSG OIM in formulating the substantive work programme of the Risk & Compliance Section, determining priorities and allocating resources for the completion of outputs and their timely delivery.
• Provides advice and support to senior management in special reviews of OIM objectives and related policies and procedures. Identifies potential management reviews of high sensitivity and complexity in areas such as risk management, compliance, investment performance. Defines problems to be addressed in management reviews.
• Monitors, emerging risks and integrates risk management principles consistent with the strategic framework and the risk budget of the Fund. Proposes the risk budget for all asset classes to the Risk Committee and monitors the tracking risk at the total Fund and various portfolio levels.
• Performs oversight and monitoring of operational risk, including risk from service-provider relationships by verifying Master Record Keeper(MRK) and performance data in due diligence of MRK.
• Focal point for audit matters and testing of controls. Coordinates and oversees the preparation of reports for presentation to the Audit Committee on Enterprise-wide Risk Management and also coordinates a jointly EWRM working group with Pension Administration.
• Identifies, assesses and monitors risks relating to standards of ethical behavior, in particular with regard to management of conflicts of interest, personal trading or the handling of confidential and inside information.
• Oversees the management of activities undertaken by the Risk & Compliance Section to ensure that programmed activities are carried out in a timely fashion on all aspects of the Fund's operations, and makes recommendations on possible strategies and measures.
• Ensures that all outputs produced by the Section under his/her supervision meet required standards before completion to ensure they comply with the relevant mandates
• Coordinates the work carried out by different work units of OIM and by other agencies and bodies of the United Nations System.
• Undertakes or oversees the programmatic tasks necessary for the functioning of OIM in relation to the Risk & Compliance Section including preparation of budgets, reporting on budget/programme, performance, evaluation of staff performance, interviews of candidates for job openings, evaluation of candidates and preparation of inputs for results based budgeting.
• Coordinates and oversees the preparation of reports for presentation to the Investments Committee, Pension Board, and intergovernmental bodies, such as the Advisory Committee on Administrative and Budgetary Questions (ACABQ), the Fifth Committee, the General Assembly and other policy-making organs, as appropriate. Ensures independent reporting of the Fund’s performance to all advisory and governing bodies.
• Manages, guides, develops and trains staff under his/her supervision.
• Serves as Chair of the Risk Management Committee and of the Compliance Committee.
• Represents OIM at international, national and regional meetings as necessary.
• 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.
Education
Advanced university degree (Master's degree or equivalent degree) in finance, business management or related area is required. A first-level university degree in any of these fields, in combination with two additional years of qualifying work experience may be accepted in lieu of the advanced university degree.
Work Experience
A minimum of 15 years of progressively responsible experience in investment and operational risk management, investment performance measurement and compliance for pension plans or financial institutions is required.
Experience in market and operational risk management is required.
Compliance oversight experience in an investment management organization is required.
Deadline is the 11th January 2023.
Applicants are urged to carefully follow all instructions available in the online recruitment platform, Inspira.
Please click on the apply button to apply.
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