The United Nations Joint Staff Pension Fund (UNJSPF) is an independent inter-agency body established by the United Nations General Assembly. The applicable human resources procedures are governed by a Memorandum of Understanding (MoU) between the Fund and the UN Secretariat.Any candidate from a member organization of the UNJSPF applying for this post is considered as an internal candidate provided he/she has been appointed through the appointment and promotion procedures applicable in his/her respective organization. Staff members are subject to the authority of the Secretary-General and to assignment by him or her. In this context, all staff are expected to move periodically to new functions in their careers in accordance with established rules and procedures. Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial Disclosure Programme. An appointment to the Investment Management Division (IMD) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to IMD Code of Ethics, Personal Securities, Gift and Hospitality policies and Anti-Fraud and Anti-corruption policies. Women are encouraged to apply.
Org. Setting and Reporting
This position is located in the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF). IMD is responsible for the day-to-day management of the investments of the Fund. Under the guidance of Deputy Director of Risk and Compliance and the Representative of Investment Management Division/UNJSPF, the incumbent will be responsible for implementing the work programme of the Compliance Section in IMD which responsible for investing the assets of the Fund.
Within delegated authority, the Compliance Officer will be responsible for the following duties: 1. Ensures that the steps in IMD’s compliance process – risk identification, establishing policies and procedures and implementing them – are appropriate and are undertaken in a timely manner by IMD Staff to whom those functions have been assigned.2. Ensures that the appropriate principles of management and control are observed in the implementation of policies and procedures. These principles include separation of functions, clear assignment of responsibilities, measuring results against standards and reporting outcomes. 3. Ensures that quality control (transactional) testing is conducted as appropriate to detect deviations of actual transactions from policies or standards and that the results of such tests are included, and other management reports are properly addressed, escalated when necessary, and resolved by the responsible business people.4. Ensures that there is timely and appropriate review of material and repetitive compliance issues as indicators of possible gaps and weaknesses in policies and procedures or risk identification processes, and facilitates the use of such information in keeping IMD’s compliance program up-to-date.5. Addresses the risk of fraud and undertakes periodic analyses and evaluations of compliance issues together with the results of appropriate forensic testing conducted by IMD Compliance staff as a means of obtaining additional or corroborating evidence regarding both the effective functions of IMD’s compliance program and the possible existence of disguised or undetected compliance issues.6. Ensures that all persons within IMD holding compliance responsibilities are competently and fully performing those functions.7. Ensures that IMD Staff are appropriately trained in compliance and ethics-related matters. A key component of this is IMD’s annual ethics training program.8. Serves as Audit Focal Point for the Board of Auditors and the Office of Internal Oversight Services, facilitating and coordinating the activities of such examinations including the resolution of findings and observations. 9. Provides general oversight and coordination of IMD’s Business Continuity and Disaster Recovery plans. Develops, maintains and tests IMD’s Business Continuity Program to identify, document and assess business needs against IMD’s infrastructure, and to identify recovery strategies and gaps.10. Ensures that IMD’s basic responsibilities as a signatory to the UN-endorsed Principles for Responsible Investment (PRI) initiative are met, to include completion of the PRI annual survey and participation or direction in PRI activities.11. Ensures oversight and maintenance of IMD’s proxy voting services to ensure that they are timely and accurate.
Core Competencies:Professionalism:-Demonstrates understanding of investment operations;-Demonstrates competence in and adherence to the standards of conduct of the profession and in the application of best practices;-Demonstrates conscientiousness and efficiency in meeting commitments, observing deadlines and achieving results; ability to direct, review and guide the work of others, particularly in terms of substantive quality;-Shows pride in work and in achievements;-Demonstrates professional competence and mastery of subject matter; is motivated by professional rather than personal concerns; -Shows persistence when faced with difficult problems or challenges; remains calm in stressful situations; -Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work. 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 efficientlyAccountability:-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.
Advanced University degree (Master’s degree or equivalent degree) in law, business administration 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 Chartered Financial Analyst (CFA) designation or equivalent is desirable.
A minimum of seven years progressively responsible experience in managing compliance operations in a global pension plan, multilateral institution or investment management operation is required; experience handling standard contractual arrangements with custodians, sub-custodians and other service providers is desirable.
English and French are the working languages of the United Nations. For this post, fluency in English is required. Knowledge of another official language of the United Nations is desirable.
Evaluation of qualified candidates may include an assessment exercise which may be followed by competency-based interview.
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, including but not limited to, respect for international human rights and humanitarian law. Candidates may be subject to screening against these standards, including but not limited to, whether they have committed or are alleged to have committed criminal offences or violations of international human rights law and international humanitarian law. 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.Applicants are urged to follow carefully all instructions available in the online recruitment platform, inspira. For more detailed guidance, applicants may refer to the At-a-Glance on “The Application Process” and the Instructional Manual for the Applicants, which can be accessed by clicking on “Manuals” hyper-link on the upper right side of the inspira account-holder homepage.The screening and 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, including but not limited to, their education, work experience, and language skills, according to the instructions provided on inspira. Applicants will be disqualified from consideration if they do not demonstrate in their application that they meet the evaluation criteria of the job opening and the applicable internal legislations of the United Nations. Applicants are solely responsible for providing complete and accurate information at the time of application: 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 a reference-checking process to verify the information provided in the application.Job openings advertised on the Careers Portal will be removed at midnight (New York time) on the deadline date.
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.