Allocator Jobs
Senior Investment Officer (Mortgage Backed Securities) Blog Post
Allocator Jobs, New York, New York, us, 10261
Senior Investment Officer (Mortgage Backed Securities)
January 24, 2025 Type of Role:
Investments Experience Level:
VP/Principal/Director Location:
New York City, New York 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. Within delegated authority, the Senior Investment Officer will be responsible for the following duties: Provides leadership, decision making and accountability in the management of the portfolio and to increase its return against the benchmark while managing risks prudently. Manage the use of derivatives within the portfolio in order to enhance portfolio construction and optimization. Provides policy guidance to section, on conceptual strategy development and management of the implementation of overall strategies by undertaking top-down analysis of economic/financial trends, liquidity flows, political and regulatory framework relevant to security selection in US securitized markets. Performs bottom-up and top-down investment research, utilizing multiple sources, including primary research through relevant government bodies and/or company visits; recommend specific securities to be purchased and sold. Plans and oversees the management of activities undertaken by the unit; ensures that substantive work programmes and programmed activities are carried out in a timely fashion, coordinating diverse projects in the unit by formulating investment policies and strategies to construct a portfolio of securitized assets; analyze outside market funds to recommend funds appropriate to the UNJSPF, when necessary. Prepare investment strategies and contribute to asset allocation by asset classes as well as sector allocation within the US securitized market. Manages, supervises, and carries out the work programme of the Unit under his/her responsibility. Co-ordinates the work carried out by the Unit; provides programmatic and substantive reviews of drafts prepared by others. Provides substantive input in the preparation of position papers and reports for presentation to intergovernmental bodies such as the Advisory Committee on Administrative and Budget Questions, Pension Board of the General Assembly, as appropriate. Ensures that the outputs produced by the Unit maintain high quality standards; that reports are clear, objective and based on comprehensive data. Prepares inputs for the work programme of the unit, determining priorities, and allocating resources for the completion of outputs and their timely delivery. Carries out administrative tasks necessary for the functioning of the Unit, including monitoring of performance parameters and critical indicators, reporting on budget performance, preparation of inputs, evaluation of staff performance, interviews of candidates for job openings and evaluation of candidates. Recruits staff for Unit taking due account geographical and gender balance and other institutional values. Manages, guides, develops, and trains staff under his/her supervision. Fosters teamwork and communication among staff in the Unit and across organizational boundaries. Represents the Organization at interagency meetings, seminars, etc. on substantive issues. Participates in international, regional or national conferences and provides programmatic/substantive expertise on an issue or hold substantive and organizational discussions with representatives of other institutions. Reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF, the Chief Investment Officer and CIO of OIM when requested. Assists in reporting on investments and related matters to Governing Bodies, including the United Nations Joint Staff Pension Board, the Fifth Committee, the ACABQ, the BOA, and OIOS. 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. Core Competencies: Professionalism: Demonstrated ability and sound knowledge of US securitized markets across both asset classes and sectors. Robust portfolio management experience encompassing security analysis and selection across the securitized market and deliver effective results. Ability to utilize various portfolio management and data processing tools; such as Bloomberg and familiarity with the use of Internet applications and MS Office programmes. The ability to analyze and interpret data using a variety of platforms and tools in support of decision-making within the securitized market and related assets and convey resulting information to management. 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. 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. Leadership: Serves as a role model that other people want to follow: empowers others to translate vision into results; is proactive in developing strategies to accomplish objectives. 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. Minimum Requirements: Advanced university degree (Master’s or equivalent) in Business Administration (MBA), Finance, Economics or related field is required. A first level university degree in combination with professional qualifications and experience in investment management may be accepted in lieu of the advanced degree. A minimum of 10 years of progressively responsible investment management experience in US securitized markets is required. A minimum 7 years’ experience as a buyside Portfolio Manager of a large and complex securitized portfolio is required. A minimum 5 years’ experience managing a securitized portfolio with assets under management of at least USD2.5 billion is required.
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January 24, 2025 Type of Role:
Investments Experience Level:
VP/Principal/Director Location:
New York City, New York 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. Within delegated authority, the Senior Investment Officer will be responsible for the following duties: Provides leadership, decision making and accountability in the management of the portfolio and to increase its return against the benchmark while managing risks prudently. Manage the use of derivatives within the portfolio in order to enhance portfolio construction and optimization. Provides policy guidance to section, on conceptual strategy development and management of the implementation of overall strategies by undertaking top-down analysis of economic/financial trends, liquidity flows, political and regulatory framework relevant to security selection in US securitized markets. Performs bottom-up and top-down investment research, utilizing multiple sources, including primary research through relevant government bodies and/or company visits; recommend specific securities to be purchased and sold. Plans and oversees the management of activities undertaken by the unit; ensures that substantive work programmes and programmed activities are carried out in a timely fashion, coordinating diverse projects in the unit by formulating investment policies and strategies to construct a portfolio of securitized assets; analyze outside market funds to recommend funds appropriate to the UNJSPF, when necessary. Prepare investment strategies and contribute to asset allocation by asset classes as well as sector allocation within the US securitized market. Manages, supervises, and carries out the work programme of the Unit under his/her responsibility. Co-ordinates the work carried out by the Unit; provides programmatic and substantive reviews of drafts prepared by others. Provides substantive input in the preparation of position papers and reports for presentation to intergovernmental bodies such as the Advisory Committee on Administrative and Budget Questions, Pension Board of the General Assembly, as appropriate. Ensures that the outputs produced by the Unit maintain high quality standards; that reports are clear, objective and based on comprehensive data. Prepares inputs for the work programme of the unit, determining priorities, and allocating resources for the completion of outputs and their timely delivery. Carries out administrative tasks necessary for the functioning of the Unit, including monitoring of performance parameters and critical indicators, reporting on budget performance, preparation of inputs, evaluation of staff performance, interviews of candidates for job openings and evaluation of candidates. Recruits staff for Unit taking due account geographical and gender balance and other institutional values. Manages, guides, develops, and trains staff under his/her supervision. Fosters teamwork and communication among staff in the Unit and across organizational boundaries. Represents the Organization at interagency meetings, seminars, etc. on substantive issues. Participates in international, regional or national conferences and provides programmatic/substantive expertise on an issue or hold substantive and organizational discussions with representatives of other institutions. Reports accurately and timely to the Representative of the Secretary-General for the Investments of the UNJSPF, the Chief Investment Officer and CIO of OIM when requested. Assists in reporting on investments and related matters to Governing Bodies, including the United Nations Joint Staff Pension Board, the Fifth Committee, the ACABQ, the BOA, and OIOS. 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. Core Competencies: Professionalism: Demonstrated ability and sound knowledge of US securitized markets across both asset classes and sectors. Robust portfolio management experience encompassing security analysis and selection across the securitized market and deliver effective results. Ability to utilize various portfolio management and data processing tools; such as Bloomberg and familiarity with the use of Internet applications and MS Office programmes. The ability to analyze and interpret data using a variety of platforms and tools in support of decision-making within the securitized market and related assets and convey resulting information to management. 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. 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. Leadership: Serves as a role model that other people want to follow: empowers others to translate vision into results; is proactive in developing strategies to accomplish objectives. 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. Minimum Requirements: Advanced university degree (Master’s or equivalent) in Business Administration (MBA), Finance, Economics or related field is required. A first level university degree in combination with professional qualifications and experience in investment management may be accepted in lieu of the advanced degree. A minimum of 10 years of progressively responsible investment management experience in US securitized markets is required. A minimum 7 years’ experience as a buyside Portfolio Manager of a large and complex securitized portfolio is required. A minimum 5 years’ experience managing a securitized portfolio with assets under management of at least USD2.5 billion is required.
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