Head of Risk Strategy

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 $95 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 40 countries. For more information, please visit OIM's website at https : / / oim.unjspf.org / . The Head of Risk Strategy reports to the Chief of Risk and Compliance (D-1). The Head of Risk Strategy will drive the full implementation of Enterprise-Wide Risk Management in the Fund, will lead the coordination of the portfolio of strategic projects carried out by Risk Management and Compliance, and will be responsible for the development and execution of the governance-related aspects of the overall program. This position will also take on the responsibility of establishing formal governance and oversight over Sustainability Risk, aid in the preparation of internal sustainability processes and related process maps, and the definition of sustainability roles and responsibilities, prepare and maintain a sustainability risks control matrix, assess existing sustainability internal controls, and develop and implement new controls as needed. This position will also liaise with Finance to prepare for IFRS S1 and S2 reporting.

Responsibilities

Within delegated authority, the Head of Risk Strategy will be responsible for the following duties :

• Design, draft, write, and lead the approving process of new risk management frameworks.
• Develop and execute governance-related aspects of the overall risk program, coordinate the addition of several new risk management frameworks as mentioned, and the corresponding manuals, policies and procedures needed to round up the adequacy of the coverage of the different risks in the Fund, and ensure everything is cohesive and logical.
• Update and maintain the new governance structure and the body of frameworks, policies and procedures across all Risk and Compliance in accordance with industry best practices.
• Ensure 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.
• Establish formal governance and oversight over sustainability risk.
• Aid in the preparation of internal sustainability processes and related process maps, and the definition of sustainability roles and responsibilities, prepare and maintain a sustainability risks control matrix, assess existing new sustainability internal controls, develop and implement new controls as needed, and lastly work together with finance to prepare for IFRS S1 and S2 reporting.
• Manage risk and compliance's strategic projects and initiatives.
• Lead the design and implementation of Key Risk Metrics, Key Performance Indicators, and the preparation of Dashboards.
• Lead the revamping of the current EWRM Working Group to convert it into a Fund-wide Risk Committee, in which the 1LOD reports the status of the risks, with the 2LOD challenging the assessment and discussing action plans.
• Participate in committees such as the Investment Risk Committee, the Fund-wide Risk Committee, as well as any other committees or working groups as needed on behalf of the Risk Team.
• Act as the Secretary of the Risk Committee.
• Collects and analyzes data to identify trends or patterns and provide insights through graphs, charts, tables and reports using data visualization methods to enable data-driven planning, decision-making, presentation and reporting.
• Performs other duties as required.

Competencies

Core Competencies :

Education

Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Economics, Law or related field is required. A first level university degree in combination with academic qualifications and experience in investment compliance may be accepted in lieu of the advanced degree. A professional certification such as Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) is desirable.

Job - Specific Qualification

Not available.

Work Experience

A minimum of ten years of progressively responsible experience working in risk management or a related role in an investment / financial institution is required. Experience in risk analytics, risk management, risk reporting, and risk advisory or a related function is required. Experience in managing risk frameworks and systems is required. Experience using various management and data processing tools is desirable. Experience in working with and responding to audits 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

Evaluation of qualified candidates may include an assessment exercise which may be followed by competency-based interview.

Special Notice

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. 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 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.