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 $100+ 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 45 countries. For more information, please visit OIM's website at https://oim.unjspf.org/. This position is located in Equities Small Cap Manager Team in the Public Equities Section of the Office of Investment Management. The incumbent reports to the Director of Public Equities.

Responsibilities

Within delegated authority, the Investment Officer will be responsible for the following duties: 1. Manages a portfolio of global small cap long-only public equity mandates in order to support the director in achieving overall portfolio performance. This includes; both internally and externally managed passive funds and active fundamental, and quantitative strategies, both internal and external.: Individual stock selection is not part of this mandate. a. Responsible for deciding asset allocation, both tactical and strategic and portfolio rebalancing decisions with careful review of the market environments together with the director of equities within said mandate. Works closely with external management research and operations team, quantitative and risk teams. Advises the director of equities on asset allocation recommendations for the whole equity fund of proposed allocation of small vs large caps in addition to regional and style exposures. b. Manages portfolio to achieve the performance targets within given risk limits and tracking error targets to meet the Funds investment objectives by reviewing both portfolio and benchmark performance on a regular basis. Implements manager changes and asset allocation rebalancing as needed. c. Leads the due diligence process for existing managers and for selecting new external managers, when needed, in conjunction with the external management team. d. Ensures that all of the investments are in compliance with IMD's investment and policy guidelines including ESG. e. Conducts portfolio assessment periodically and presents in the Portfolio Review Meetings on a quarterly basis. 2. Conducts careful and thorough manager research: a. Performs fundamental portfolio and manager analysis through financial and, corporate disclosures market news and other publicly available information. b. Performs investment research and discusses with strategists, economists, security analysts through brokerage community and the Advisors/Research providers. c. Engages with senior members of management to review their portfolios and investment strategies. d. Attends investment conferences and seminars to access academia and industry experts e. Conducts portfolio analysis using risk tools and analytical tools. f. works closely with external management team on IMA negotiation and implementation. 3. Makes specific fund investments: a. Ensures the broader Fund's four investments criteria: i.e. safety, profitability, liquidity, and convertibility. b. Makes specific fund investments to achieve optimum investment performance with careful review of the portfolio's investment objectives and risk tolerance. c. Participates in the discussions and development of investment recommendations for asset allocation for the broader Fund 4. Reporting: a. Reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF and Director of OIM when requested. b. Assists the Director of Office of Investment Management in reporting on investment and related matters to governing bodies, including the UNJSPF Pension Board, the Fifth Committee, Board of Auditors, Office of Internal Oversight Services (OIOS) 5. Maintains a high level of professional investment expertise by: a. Participating in seminars and taking courses in investment topics. b. Keeping abreast of rapidly changing techniques of portfolio management and exchanging view with colleagues and members of the investment community. c. Performs other duties as assigned.

Competencies

Professionalism: Ability to identify key strategic issues, opportunities and risks. Ability to generate and communicate broad and compelling organizational direction. Ability to communicate clearly links between the Organization’s strategy and the work unit’s goals. Demonstrated ability to provide innovative technical leadership by performing and/or overseeing the planning, development, and management of operation. Demonstrated ability to negotiate and apply good judgment. 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. Takes responsibility for incorporating gender perspectives and ensuring the equal participation of women and men in all areas of work.

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.
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.

Education

Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Economics or related field is preferred. A first level university degree in combination with academic qualifications and experience in investment management may be accepted in lieu of the advanced degree. Chartered Financial Analyst (CFA) designation is desirable.

Work Experience

A minimum of seven years of progressively responsible experience in asset allocation and portfolio management in global long only equities, implementing asset allocation and investment strategies, ability to analyze external fundamental and passive strategies is required. Quantitative analytical experience in portfolio management, including factor analysis is required. Participation in due diligence of manager searches, monitoring IMA negotiation process, monitoring the compliance and ESG aspects of the IG, oversight of portfolio of external managers and global public equity investment analysis in an institutional investment environment is desirable. Experience of external manager databases and other quantitative tools and system - such as eVestment, Factset, Morningstar, Bloomberg, MSCI etc. is desirable. Experience in coordinating due diligence meetings and drafting investment recommendations is desirable. Five or more years of experience in fund management in equity investments at a Pension Fund or large sized institutional investor is desirable. Experience in drafting Investment Management Agreements is desirable.

Languages

Language	Reading	Writing	Listening	Speaking
English	UN Level II	UN Level II	UN Level II	UN Level II

Assessment

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

Special Notice

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.

The United Nations Secretariat is committed to achieving 50/50 gender balance in its staff. Female candidates are strongly encouraged to apply for this position.
Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial disclosure Programme. An appointment to the Office of Investment Management (OIM) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to OIM's Code of Ethics, Personal Securities, Gift and Hospitality policies.
For this position, applicants from the following Member States, which are unrepresented or under-represented in the UN Secretariat as of 31 August 2026, are strongly encouraged to apply: Andorra, Brunei Darussalam, Democratic People's Republic of Korea, Dominica, Equatorial Guinea, Grenada, Kiribati, Kuwait, Lao People's Democratic Republic, Liechtenstein, Marshall Islands, Micronesia (Federated States of), Nauru, Palau, Papua New Guinea, Qatar, Sao Tome and Principe, Timor-Leste, Tuvalu, United Arab Emirates, Vanuatu, Afghanistan, Angola, Antigua and Barbuda, Belize, Cabo Verde, China, Cuba, Guinea-Bissau, Indonesia, Israel, Japan, Libya, Liberia, Luxembourg, Monaco, Nicaragua, Oman, Paraguay, Saint Lucia, Saint Vincent and the Grenadines, San Marino, Saudi Arabia, Singapore, Slovenia, Solomon Islands, Turkmenistan, United States of America.

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. All external candidates recruited in accordance with section ‎2.2 (a) of ST/AI/2025/3 for a fixed term appointment without limitation and all external candidates recruited in accordance with section 2.2. (c) of ST/AI/2025/3 for a fixed term appointment limited to the entity are subject to an initial probationary period of one year under a fixed-term appointment. 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.

Investment Officer, Small Cap & Asset Allocation Manager Equities