Director ,Global Public Equities vacancy in New York, apply now.
The United Nations Joint Staff Pension Fund (UNJSPF) in New York is seeking a talented professional to join as the Director of Global Public Equities.
Asset classes under management comprise global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber, and commodities.
Director ,Global Public Equities vacancy in New York, apply now
This role, at the D-1 grade, provides a unique opportunity to lead the Public Equities Team and manage a substantial multi-asset class investment portfolio
Within delegated authority, the Director of Public Equities, will be responsible for the following functions.
1.Contributes to the work programme of the Office of Investment Management (OIM) by
a. Implementing strategic and tactical asset allocation strategies for Public Equities based on the investment policy and strategy set by the Representative of the Secretary-General and Chief of Investment Officer (CIO), in consultation with the Investments Committee and the suggestions of the Pension Board.
b. Managing the Public Equities Section consisting of North America, Europe, Asia Pacific, and Global Emerging markets, External Management Team, and Trade Execution Team in seeking superior investment performance over the public equity benchmark without undue risks by ensuring sufficient resources, proper investment strategies, and adequate working environment.
c. Recommending the investment strategies for the Public equities including the regional allocations and sub-allocation for large cap and small cap and deciding the investments within the authority of the Director of Investments for Public Equities.
d. Supporting the CIO in recommending investment policy and strategy to the Representative of the Secretary-General.
e. Evaluating advice and recommendations of the investment advisors, industry experts and staff of the Unit.
f. Leading the implementation of the Sustainable Investment policy for the Public Equities. g. Assessing investment performance by portfolio for Public Equities.
h. Recommending guidelines for asset allocation ranges, currency holdings, and market weightings, and for strategic and tactical short-term allocations.
i. Supporting programs for staff training and development to maintain and further develop the expertise of the 30+ Unit’s personnel.
2. Assists the Representative of the Secretary-General for the Investments of the UNJSPF and the CIO to report on related matters to the Investments Committee, Pension Board, ACABQ and the Fifth Committee by:
a. Preparing and supervising the preparation of reports on investment performances, structure of the portfolio, investment policies and strategies, global economic and market conditions, the investment outlook and requirements for the financing of operations.
b. Presenting and defending proposals on the financing and staffing of the Public Equities to the Pension Board, ACABQ and Fifth Committee and providing answers along with explanations to the questions raised by Governing Bodies.
- Demonstrated competence in and adherence to the standards of conduct of the profession and in the application of best practices; conceptual and analytical skills.
- demonstrated 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 and high digital and technological awareness and proficiency.
- Proven track record of decision-making as a lead portfolio manager of a similar size and complexity of the public equity portfolio of the UJSSPF and of consistently surpassing the performance of equity benchmarks, such as MSCI index, over the multiple years. Shows pride in work and 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.
- Ability to establish and maintain effective working relations with people of different national, linguistic and cultural backgrounds with sensitivity and respect for diversity.
- Willingness to solicit inputs and learn from others, to place team agenda before personal agenda. Willingness to share credit for team accomplishments and joint responsibility for team shortcomings.
Advanced university degree (Master’s degree or equivalent) in business management, economics, finance, banking or portfolio investment management 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.
Chartered Financial Analyst (CFA) designation is desirable.
A minimum of 15 years of proven progressively responsible and hands-on experience in the investment management of global public equity portfolios through security selection, based on fundamental research, is required.
A successful candidate should have a proven track record of decision-making as a lead portfolio manager of a similar size and complexity of the public equity portfolio of the UJSSPF and of consistently surpassing the performance of equity benchmarks, such as MSCI index, over the multiple years.
Experience in managing investment teams, including overseeing several investment research analysts, engaged in fundamental research on individual securities, within public equity, is required.
Experience in integrating Environmental, Social, and Governance (ESG) factors into the portfolio construction is required.
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