- 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 $80+ 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 30 countries.
Within delegated authority, the Accounting Assistant (Investment Operations Assistant-Middle Office) will be responsible for the following duties:
- Scrutinizes source documents for completeness, accuracy and validity of broker confirmations.
- Investigates erroneous or unmatched trade details and takes appropriate corrective actions.
- Communicates with brokers, private fund managers and/or counterparties regarding missing documentation or any other issues related to discrepancies in trade details and amounts.
- Reconciles and reviews end-of-day trades and ensure proper clearance procedures have been followed.
- Ensures quality control over trade capture and validation in the trade order management system vis-à-vis the central trade matching system for global equities and fixed income securities
- Ensures manual confirmation and validation of trade details for trades not enabled in the central trade matching system.
- Initiates/Prepares on-boarding of new brokers in the trade order management system and the central trade matching system.
- Consolidates and compiles data on trade volume, straight-through processing rate, manually-adjusted trades for performance monitoring.
- Prepares worksheets and assists with the preparation of key performance indicators and/or key risk indicators.
- Audits and monitors changes to various reference and static data related to investments including, but not limited to, market calendar and market fees, etc., to ensure correctness and completeness of information in the trade order management system and the central trade matching system and adherence to relevant market requirements, standards or practices.
- Contributes to the implementation and enhancements of the trade order management system and the central trade matching system used in the matching of investment transactions including user acceptance tests.
- Provides guidance and training to colleagues as required.
- Supervises other General Service staff as required.
- Drafts/prepares memoranda and/or email communication to brokers, counterparties, global custodians.
- Responds to queries from staff members and third parties.
- Performs other duties as may be required, including preparation of on-boarding of new brokers in the trade management and the central trade matching systems
Professionalism: Knowledge of global financial markets, cash management and investment operations, procedures, standards and practices. Ability to extract, interpret, and analyze a wide variety of data and to resolve data discrepancies and other problems. 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. Commitment to implementing the goal of gender equality by ensuring the equal participation and full involvement of women and men in all aspects 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.
Planning & Organizing: Develops clear goals that are consistent with agreed strategies; identifies priority activities and assignments; adjusts priorities as required; allocates appropriate amount of time and resources for completing work; foresees risks and allows for contingencies when planning; monitors and adjusts plans and actions as necessary; uses time efficiently.
- High school diploma or equivalent.
- A minimum of seven years of work experience in accounting, finance, investment operations or related area is required.
- Experience using post-trade matching platforms, such as OMGEO or equivalent is desirable.
- Experience using Bloomberg AIM, or other trade order management systems, is desirable.
- English and French are the working languages of the United Nations Secretariat. For the post advertised, fluency in English is required. Knowledge of another official United Nations language is desirable.