Investment Officer (Temporary Job Opening)

Job title:

Investment Officer (Temporary Job Opening)

Company

United Nations

Job description

This position is located in Treasury in the Financial Risk Management Service (FRMS), Finance Division (FD), Office of Programme Planning Finance and Budget (OPPFB), Department of Management Strategy, Policy and Compliance (DMSPC). The Investments Section centrally manages the investments portfolio of the Organization. The team is also responsible for the Organization’s global foreign exchange transaction activities. The Incumbent reports to the Chief of the Investments Section.ResponsibilitiesUnder the general direction of the Chief of the Investment Section, the incumbent performs the following duties and responsibilities: 1.In cooperation with the Senior Investment Officer, develops policies and ensures operation of sound investment and cash management practices, in particular by introducing up-to-date investment procedures. 2.Makes investment placement of available USD, EUR and CHF funds in world-wide short term money markets, fixed income and equity markets within the investment policy and guidelines. 3.Monitors financial conditions and credit ratings of financial institutions used by the United Nations. Monitors the investment portfolio to ensure that investments are kept within the relevant limits. 4.Participates in negotiation with banks and financial institutions for banking services, investments and currency purchases and sales. 5.Supervises and manages currency exposure including the preparation and execution of foreign exchange transactions covering daily operational account funding, the foreign exchange hedging program and budget rate setting. 6.Supervises all the processes related to investment transactions and maintains investment and currency management records in line with Investments Section procedures. Prepares various reports periodically on investments for the FRMS Chief and Controller and other offices concerned. 7.Assists in the introduction, implementation and enhancements of any investment-related software packages.CompetenciesProfessionalism: Demonstrated in-depth practical working experience of all aspects of investment strategies including money markets, fixed income, equity and currencies; Proven analytical skills and ability to provide well-reasoned advice in the area of investment, types of market instruments and financial institutions; Ability to formulate new strategies and approaches to investment; Shows sound judgment in interpreting UN regulations and rules, policies and instructions to ensure that they are applied correctly but flexibly to meet the needs of each particular situation; 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 clam in stressful situations; Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work. Communication: Speaks and writes clearly and effectively; Listens to others, correctly interprets messages from others and responds appropriately; Asks questions to clarify, and exhibits interest in having two-way communication; Tailors language, tone, style and format to match the audience; Demonstrates openness in sharing information and keeping people informed. 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.EducationAdvanced University Degree (Master’s Degree or equivalent) in Finance, Business Administration, or related field is required. A first level university degree in combination with two additional years of relevant experience may be accepted in lieu of the advanced university degree.Job – Specific QualificationA Chartered Financial Analysts (CFA) designation or equivalent from another recognized international financial institution is desirable.Work ExperienceA minimum of seven years of progressively responsible work experience in fixed income portfolio management of which at least two years is with an international bank or a large international organization with large portfolio of assets under management is required. Experience in equity investing is desirable. Experience in foreign exchange is desirable. Experience in International Swaps and Derivatives Association (ISDA) master agreement negotiation is desirable. Experience in credit and risk analysis is desirable.LanguagesEnglish and French are the working languages of the United Nations Secretariat. For the post advertised, fluency in English is required. Knowledge of another official United Nations language is an advantage.AssessmentEvaluation of qualified candidates may include an assessment exercise which may be followed by competency-based interview.Special Notice

• This position is temporarily available for six months. If the selected candidate is a staff member from the United Nations Secretariat, the selection will be administered as a temporary assignment. • While this temporary assignment may provide the successful applicant with an opportunity to gain new work experience, the selection for this position is for a limited period and has no bearing on the future incumbency of the post. • Subject to the funding source of the position, the eligibility for this temporary job opening may be limited to candidates based at the duty station. • This temporary job opening may be limited to “internal candidates,” who have been recruited through a competitive examination administered according to staff rule 4.16 or staff selection process including the review of a central review body established according to staff rule 4.15. • Staff members of the United Nations common system organizations who will reach the mandatory age of separation or retirement within the duration of the current temporary need period are not eligible to apply. Submitting an application or selection for the current temporary job opening does not delay or increase the mandatory age of separation. • Retirees above the mandatory age of separation who wish to be considered for the current temporary job opening must indicate the reason for their last separation as “retirement.” Such retirees shall not be employed by the Organization, unless (a) the operational requirements of the Organization cannot be met by staff members who are qualified and available to perform the required functions; and (b) the proposed employment would not adversely affect the career development or redeployment opportunities of other staff members and represents both a cost-effective and operationally sound solution to meet the needs of the service.

United Nations ConsiderationsAccording 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. Reasonable accommodation may be provided to applicants with disabilities upon request, to support their participation in the recruitment process. By accepting a letter of appointment, staff members are subject to the authority of the Secretary-General, who may assign them to any of the activities or offices of the United Nations in accordance with staff regulation 1.2 (c). Further, staff members in the Professional and higher category up to and including the D-2 level and the Field Service category are normally required to move periodically to discharge functions in different duty stations under conditions established in ST/AI/2023/3 on Mobility, as may be amended or revised. This condition of service applies to all position specific job openings and does not apply to temporary positions. Applicants are urged to carefully follow all instructions available in the online recruitment platform, inspira, and to refer to the Applicant Guide by clicking on “Manuals” in the “Help” tile 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 FeeTHE 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.

Expected salary

Location

New York City, NY

Job date

Sat, 21 Sep 2024 04:43:54 GMT

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