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 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 internship position is located in the Global Emerging Markets Team within the Public Equities Investment Section of the Office of Investment Management in the United Nations Joint Staff Pension Fund. The incumbent reports to the Team Lead. It is preferred that the incumbent would work in person at OIM’s office in New York, however remote work is also possible.

Responsibilities

With appropriate guidance, the intern will be responsible for the following tasks:

• Conduct investment research using quantitative strategies. This includes quantitative research on topics such as factor analysis, market signals as well as risk and liquidity premia.

Competencies

The United Nations Core Values are Integrity, Professionalism, and Respect for Diversity.

• Professionalism – good academic and analytical skills;
• Planning and Organising – ability to establish priorities, to coordinate own work plan and meet deadlines;
• Communications – ability to draft clearly and concisely, good language skills;
• Technological Awareness – good IT skills;
• Teamwork – good interpersonal skills, works collaboratively with colleagues to achieve organisational goals, ability to develop and maintain effective work relationships with different national and cultural backgrounds with sensitivity and respect for diversity.

Education

To qualify for the United Nations Internship Programme, applicants must meet the following conditions:
(a) Be enrolled in, or have completed, a graduate school programme, preferably in Economics or Finance, with a specialization in quantitative methods (second university degree or equivalent, or higher);
OR,
(a) Be enrolled in, or have completed, the final academic year of a first university degree
programme (minimum bachelor’s level or equivalent), preferably in Economics or Finance, with a specialization in quantitative methods.

Applicants who have graduated as defined in (a) or (b) above, if selected, must commence the internship within a one-year period of graduation.

Work Experience

No working experience is required to apply for the United Nations Internship Programme. Your training, education, advance course work or skills should benefit the United Nations during your internship.

Experience in quantitative finance is desirable.

Languages

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 an advantage.

Assessment

Potential candidates will be contacted by the hiring manager for further consideration. Due to the high volume of applications received, ONLY successful candidates will be contacted.

Special Notice

• The minimum duration of an internship assignment is two (2) months, and the maximum duration is six (6) months. Internships can be full time or part time.
• Interns at the United Nations Headquarters Secretariat are not paid.
• All costs of travel and accommodation, including living expenses, must be covered by the intern or any relevant sponsoring institution. Please see the Internship Programme website for more information on living expense estimates for New York.
• There should be no expectation of employment within the UN after an internship. Interns shall not be eligible to apply for, or be appointed to, positions at the professional level and above carrying international recruitment status in the Secretariat for a period of six months following the end of their internship.
• UN interns can work from a remote location or in person in New York. In order to work in New York, Interns must have a valid US visa which allows them to take up employment.
• Applicants who are children or siblings (including stepchildren, half-siblings, or stepsiblings) of a staff member as well as sons or daughters in law may not be engaged as intern.
• The UNJSPF is committed to achieving gender and geographical diversity.
• As part of the onboarding process, all interns are required to submit a physician statement, proof of medical insurance coverage for the duration of the internship period, proof of enrollment/graduation.
• At the end of the internship a certificate of completion will be provided.

United Nations Considerations

According 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.

The paramount consideration in the appointment, transfer, or promotion of staff shall be the necessity of securing the highest standards of efficiency, competence, and integrity. By accepting an offer of appointment, United Nations staff members are subject to the authority of the Secretary-General and assignment by him or her to any activities or offices of the United Nations in accordance with staff regulation 1.2 (c). In this context, all internationally recruited staff members shall be required to move periodically to discharge new functions within or across duty stations under conditions established by the Secretary-General.

Applicants are urged to follow carefully all instructions available in the online recruitment platform, inspira. For more detailed guidance, applicants may refer to the Manual for the Applicant, which can be accessed by clicking on “Manuals” hyper-link on the upper right side 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 Fee

THE 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.