Senior Investment Officer- Fixed Income (Credit)
Organizational Context
The United Nations Joint Staff Pension Fund (UNJSPF) Office of Investment Management (OIM) manages over $100 billion in a global, multi-asset class portfolio, with approximately 85% actively managed in-house. The OIM, based in New York, oversees diverse asset classes including equities, fixed income, real estate, and private equity. This Senior Investment Officer role is within the Fixed Income Team, reporting to the Director of Fixed Income.
Job Purpose
This role provides leadership and decision-making for the credit portfolios within the Fixed Income Team, aiming to achieve superior investment returns against benchmarks while managing risk. The incumbent will conduct in-depth analysis of credit markets, economic trends, and regulatory frameworks to inform security selection and asset allocation strategies. Responsibilities include performing bottom-up investment research, recommending strategies to senior management, and overseeing the execution of trades. The position also involves planning and managing unit activities, formulating investment policies, and contributing to overall fixed income strategy discussions. Additionally, the role requires preparing reports for intergovernmental bodies and managing administrative tasks, including staff supervision and development, to ensure the efficient and effective functioning of the unit.
Responsibilities
Provide leadership and decision-making for credit portfolios, seeking superior investment returns and managing risk through fundamental, valuation, and technical analysis of credit markets, economic trends, and regulatory frameworks. Conduct bottom-up investment research, including primary research via sector and company visits. Recommend asset allocation and strategies within the credit complex to the Director of Fixed Income and engage with the Investment Committee. Execute security transactions. Plan and oversee unit activities, ensuring timely completion of work programs and efficient resource allocation. Formulate investment policies and strategies for credit portfolios. Analyze external market funds for potential investment. Prepare investment strategies and contribute to asset allocation decisions. Manage, supervise, and coordinate the work program of the unit, ensuring high-quality output. Prepare reports and position papers for intergovernmental bodies, including performance reviews and strategy discussions. Lead special projects to enhance investment decision-making and performance. Evaluate advice from external advisors. Perform administrative tasks, including performance monitoring, budget reporting, staff evaluation, recruitment, and development. Foster teamwork and represent the organization at meetings.
Work Experience
Requires a minimum of 10 years of progressively senior experience in fixed income investment within pension funds, public funds, insurance, foundations, endowments, or sovereign wealth funds. A minimum of 10 years' experience managing investment-grade or high-yield corporate portfolios, or conducting fundamental corporate credit research, is also required. Additionally, at least 5 years of experience managing a fixed income portfolio with assets under management of at least USD 2.5 billion is necessary. Demonstrated experience with ESG and carbon-constrained investment grade portfolios is required.
Skills
Professionalism, strong knowledge of fixed income (corporate and government sectors), applied macroeconomics, security analysis, ESG, portfolio management, ability to work under pressure, data analysis and interpretation, proficiency with portfolio management tools (e.g., Bloomberg), MS Office, teamwork, accountability, leadership, and judgment/decision-making.