Senior Investment Officer- Fixed Income (Credit), P5

The Senior Investment Officer in the Fixed Income Team is responsible for managing credit portfolios within the United Nations Joint Staff Pension Fund's investment portfolio. The role involves leadership in credit market analysis, portfolio management, policy formulation, and reporting to intergovernmental bodies, ensuring superior investment returns with prudent risk management.

Responsibilities

• Provides leadership, decision-making and accountability of the credit portfolios in seeking superior investment returns against the respective benchmarks without undue risks over the long-term periods by undertaking fundamental, valuation and technical analysis of credit markets, economic trends, liquidity flows, political and regulatory frameworks relevant to security selection in credit markets.
• Performs bottom-up investment research, utilizing multiple sources, and diverse platforms including primary research through sector and company visits.
• Recommends asset allocation within the credit complex and relevant strategies to the Director of Fixed Income and actively exchanges views with the Internal Investment Committee and colleagues of the Investment Section.
• Recommends and implements the transaction of specific securities to be purchased and sold.
• Plans and oversees the management of activities undertaken by the unit by ensuring substantive work programmes and programmed activities are carried out timely, coordinating diverse projects, determining priorities and allocation of resources.
• Formulates investment policies and strategies to construct credit portfolios for fixed income.
• Analyzes outside market funds to recommend funds appropriate to the UNJSPF when necessary.
• Prepares investment strategies and contributes to asset allocation discussions and decisions within fixed income.
• Manages, supervises and carries out the work programme of the Unit under his/her responsibility, coordinates the work carried out by the Unit and provides programmatic and substantive reviews of drafts prepared by others.
• Provides comprehensive, clear, and accurate inputs in the preparation of position papers and reports for presentation to intergovernmental bodies such as the Advisory Committee on Administrative and Budget Questions, Pension Board, the General Assembly as appropriate.
• Prepares reports on investment returns and strategy for review and discussion in regular scheduled internal portfolio review and staff-advisor meetings.
• Participates in Investments Committee meetings and prepares the required inputs.
• Initiates and leads special projects designed to improve the investment management decision process at OIM and enhance performance.
• Evaluates the advice and recommendations provided by external non-discretionary advisors and externally managed funds.
• Carries out administrative tasks necessary for the functioning of the Unit including monitoring of performance, reporting on budget performance, preparation of inputs, evaluation of staff performance.
• Recruits staff for Unit taking geographical and gender balance and other institutional values into account.
• Manages, guides, develops and trains staff under his/her supervision.
• Fosters teamwork and communication among staff in the unit and across organizational boundaries.
• Represents the organization at interagency meetings, seminars, etc. on substantive issues.
• Participates in international, regional or national conferences and provides programmatic/substantive expertise on an issue or holds substantive and organizational discussions with representatives of other institutions.
• Reports accurately and timely to the Representative of the Secretary-General Investments of the UNJSPF and Chief Investment Officer when requested.
• Assists in reporting on investments and related matters to Governing Bodies, including the United Nations Joint Staff Pension Board, the Fifth Committee, the ACABQ, the BOA, and OIOS.
• 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.

Requirements

• Advanced university degree (Master's degree or equivalent) in Business and Administration (MBA), Finance, Economics or related field is required.
• A first-level university degree in combination with additional two years of qualifying experience may be accepted in lieu of the advanced university degree.
• A minimum 10 years’ experience of fixed income investment experience in pension funds, public funds, insurance, foundations, endowments or sovereign wealth funds is required, in progressively senior roles.
• A minimum of 10 years’ of experience managing an investment grade or high yield corporate portfolio or conducting fundamental corporate credit research is required.
• A minimum 5 years’ experience managing a fixed income portfolio with assets under management of at least USD2.5 billion is required.
• Demonstrated experience managing ESG and carbon constrained investment grade portfolios is required.
• English is required at UN Level II for reading, writing, listening, and speaking.

Skills

• Portfolio Management
• Investment Grade Portfolio Management
• High Yield Corporate Portfolio
• Carbon Constrained Portfolio Management
• Fixed Income Instruments
• Corporate Credit Analysis
• Credit Market Analysis
• Risk Management
• Pension Fund Investment
• Public Fund Investment
• Sovereign Wealth Fund Investment
• Asset Management
• Financial Reporting
• ESG Management
• Investment Policy

Languages

English