Chief of Compliance
Organizational Context
The United Nations Joint Staff Pension Fund (UNJSPF) Office of Investment Management (OIM) manages over $100 billion in global investments across multiple asset classes. The OIM, based in New York, operates with a diverse international staff. This Chief of Compliance role is within the Risk and Compliance Section, reporting to the Chief of Section, who reports to the Representative of the Secretary-General for OIM.
Job Purpose
The Chief of Compliance leads the development, enhancement, and daily operations of OIM's compliance program, ensuring it is well-documented, understood, and supported by appropriate tools. This role is crucial for identifying compliance risks, establishing and implementing effective policies and procedures, and ensuring adherence to management and control principles. The incumbent serves as a key focal point for new initiatives, transactional testing, and the review of material compliance issues. They are responsible for addressing various compliance matters, including conflicts of interest, reputational risk, insider trading, and anti-fraud measures, while also coordinating third-party due diligence and maintaining the compliance reputational risk dashboard. Furthermore, the role involves active participation in committees, overseeing staff training, and serving as the audit and investigation focal point for external bodies like the Board of Auditors and OIOS.
Responsibilities
Lead the development, enhancement, and day-to-day operations of OIM’s compliance program, ensuring it is well-documented and supported by appropriate tools. Oversee compliance risk identification, policy establishment, and procedural implementation. Act as the Compliance Focal Point for new fund endeavors and financial instruments. Ensure adherence to management and control principles, including separation of functions and clear responsibilities. Lead transactional testing to detect deviations from policies and standards, ensuring proper reporting and resolution of issues. Review material compliance issues to identify gaps and weaknesses, facilitating program updates. Address conflicts of interest, reputational risk, insider trading, gifts, fraud, and corruption, conducting periodic analyses and updating policies. Coordinate compliance due diligence on third parties and update the reputational risk dashboard. Participate in and act as Secretary for the Compliance Committee and other relevant groups. Ensure staff receive appropriate compliance and ethics training. Serve as the audit focal point for the Board of Auditors and OIOS, coordinating examinations and resolving findings. Act as the Focal Point for OIOS investigations, facilitating documentation retrieval and e-Discovery. Provide oversight for ICT and Business Continuity compliance. Participate in ad-hoc OIM projects. Mentor, guide, and train team members. Lead data collection and analysis efforts to identify trends for planning and decision-making.
Work Experience
A minimum of ten years of progressive experience in investment management or financial institutions is required. Seven years of direct experience in investment compliance is mandatory. Two years of investment compliance experience within a pension fund setting is desirable. Industry-recognized compliance credentials and Certified Fraud Examiner credentials are also desirable.
Skills
Professionalism, Planning & Organizing, Accountability, Leadership, Judgement/Decision-making, Investment risk and compliance knowledge, Enterprise-wide risk management, Conceptual and analytical skills, Quantitative skills, Data collection and analysis, Conflict resolution, Gender balance awareness.