Perfil do Empregador
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 is, in turn, assisted in this function by the Office of Investment Management (OIM). OIM manages a $86+ billion multi-asset class, global investment portfolio, about 85% of which is actively managed in-house. Asset classes under management comprised of global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber and commodities. OIM’s staff are all based in New York and come from over 30 countries. For more information, please visit OIM's website at https://oim.unjspf.org/.
This position is located in the Risk and Compliance Team of OIM. The incumbent reports to the Chief, Risk and Compliance.
Responsabilidades de Trabalho
Within delegated authority, the Accountant will be responsible for the following duties:
- Monitors and reviews/evaluates derivative transactions from instruction receipt through data entry and validation as well as monitoring cash / securities collateral related to margin calls. Identifies problem transactions and irregularities in related transactions, resolving them in a timely and effective manner.
- Approves/Confirms margin calls in accordance with the Financial Regulations and Rules of the UNJSPF.
- Reconciles investment transaction between general ledger, custodian sub-system, Bloomberg AIM, market intermediaries and core data sets.
- Ensures that accurate and complete accounting, reporting and internal control systems are implemented and functioning and that all relevant records are maintained for derivative, and margin trading transactions.
- Works with front office and risk team to evaluate eligibility for effective hedge accounting treatment and documentation.
- Assists, prepares or consolidates financial statements for inclusion in the UNJSPF IPSAS Financial Statements to be audited. Responds to internal/external audit observations.
- Provides authoritative interpretation of requirements for handling transactions.
- Coordinates and supervises transaction processing of investment transactions.
- Monitors, analyses, reviews and approves transactions for cash payment, entry into the accounting system including SWIFT messages.
- Defines requirements and works with front office, IT and custodian with respect to production of relevant reports and keep management apprised of key developments by preparing special reports.
- Participates in the development of operating policies.
- Provides information needed to respond to audit findings.
- Performs other related duties as required.
- Professionalism: Knowledge of accounting principles, procedures and standards. Ability to apply conceptual, analytical and evaluative skills in accounting operations. Ability to conduct independent research and analysis, identify issues, formulate options and make conclusions and recommendations. 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.
- Advanced university degree (Master’s degree or equivalent) in business administration, finance, accounting or related field. A first-level university degree in combination with qualifying experience may be accepted in lieu of the advanced university degree. Certification such as Certified Public Accountant (CPA), Chartered Accountant (CA), Chartered Financial Analyst (CFA) or equivalent is desirable.
- A minimum of five years of progressively responsible professional experience in accounting, finance, budget, administration is required.
- Minimum 3 years of meaningful industry experience with at least 1 years of hands-on experience in derivative products is required.
- Working knowledge of derivative instruments including repos, TBAs, and foreign exchange forwards is required.
- Hedge accounting experience is required.
- Knowledge of derivatives transaction related agreements such as ISDA and MSFTA is desirable.
- 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 desirable.