UN jobs 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 a $90+ 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 the Operations Section of the Office of Investment Management of the United Nations Joint Staff Pension Fund (UNJSPF). OIM is responsible for the day-to-day management of the investments of the Fund. The Chief of Operations has dual reporting lines to the Chief Operating Officer (COO) of OIM and the Chief Financial Officer (CFO) of Pension Administration. UN jobs
UN jobs Chief of Operations Responsibilities
Within delegated authority, the Chief of Operations will be responsible for the following duties:
• Coordinates the multi-currency back-office operations of the investment of the assets of the United Nations Joint Staff Pension Fund; • Supervises trading and settlement of transactions in various currencies in which the Fund has investments, supervises the custodians, the Master Record Keeper (MRK) and network of sub-custodians worldwide;
• Supervises the preparation of reports of investment activities of the Fund as supplied by the Global Custodians and Market Master Record Keeper by type of currency, asset class and country;
• Reports investment activity including all sell/buy activities, corporate actions, redemptions, income collection, tax receivables, drawdowns or other actions which may affect the value of the Fund;
• Prepares the strategic framework and biennium budget for the Operations Section;
• Undertakes special reviews of operational objectives and related financial policies and procedures affecting the Fund’s investment accounting and financial systems. Takes the lead in designing and implementing required changes;
• Directs the development, installation, and implementation of new accounting systems and related information technology systems. Evaluates the efficiency, performance and enhancements of these systems; UN jobs
• Supervises the preparation of daily cash projections and assures that the Investment Section is aware of potential overdrafts;
• Works closely with the IT section to assure that proper reconciliations are available and that computerized solutions are properly initiated and utilized. UN jobs
• Plans, integrates and coordinates the work of supervisors responsible for portions of the finance programme; monitors achievement of objectives. UN jobs
• Maintains high level of professionalism, integrity and honesty in protecting the assets of the Fund;
• Holds regular meetings with the Fund’s Global Custodians and Master Record Keeper to ensure that the assets of the Fund are intact and that Global Custodians and sub-custodians are operating within the guidelines set forth in the custody agreements, and that all reporting of Fund activity is accurate and meets the needs of the Fund;
• periodically confirms with independent sources the investments reported by the Global Custodians;
• Ensures that the staff in the Section receive necessary training to keep up to date with rapidly changing environment and investment policies of the Fund;
• Provides authoritative advice, financial interpretations, adaptations and corrective actions in response to audits and other queries to ensure adherence to UN Financial Regulations and Rules, (Staff Rules, Administrative Instructions, Bulletins and Circulars);
• Manages staff, plans and discusses with staff individual work programs, and evaluates performance;
• Coordinates the implementation of IPSAS standards for the investments of the Fund. Work implies frequent interaction with the following: Senior Officials of the Master Record Keeper, Custodians, the Pension Board, ACABQ, Fifth Committee, and General Assembly. UN jobs
UN jobs Chief of Operations Competencies
Core Competencies
• Professionalism: Knowledge of accounting principles, procedures and standards. Ability to apply conceptual, analytical and evaluative skills in accounting operations and provide technical advice to managers. Ability to prepare reports or rationale with respect to key accounting decisions, including formulating new strategies and approaches in financial operations. 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. UN jobs
• 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. UN jobs
• 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. UN jobs
Managerial Competencies
• Leadership: Serves as a role model to others: 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; strives 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. UN jobs
• Judgement/Decision-making: Identifies the key issues in a complex situation, and comes to the heart of the problem quickly; gathers relevant information before making a decision; considers positive and negative impacts of decisions prior to making them; takes decisions with an eye to the impact on others and on the Organization; proposes a course of action or makes a recommendations based on all available information; checks assumptions against facts; determines the actions proposed will satisfy the expressed and underlying needs for the decision; makes tough decisions when necessary. UN jobs