Investment Officer, Small Cap & Asset Allocation Manager Equities
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 is based in New York and comprises staff from diverse nationalities. This Investment Officer role is situated within the Equities Small Cap Manager Team in the Public Equities Section, reporting to the Director of Public Equities.
Job Purpose
The Investment Officer is responsible for managing a portfolio of global small cap long-only public equity mandates to support overall portfolio performance. This involves managing both internally and externally managed passive and active strategies, focusing on asset allocation (tactical and strategic), portfolio rebalancing, and performance targets within risk limits. The role requires advising on asset allocation for the broader equity fund, leading due diligence for external managers, ensuring compliance with investment guidelines (including ESG), and conducting portfolio assessments. Additionally, the incumbent will perform in-depth manager research, engage with senior management, attend industry events, and utilize analytical tools to support investment decisions and reporting to senior leadership and governing bodies.
Responsibilities
Manage a global small cap long-only public equity portfolio, including internally and externally managed passive and active strategies. Determine tactical and strategic asset allocation and execute portfolio rebalancing, collaborating with research, quantitative, and risk teams. Advise on overall equity fund asset allocation, including small vs. large cap and regional/style exposures. Achieve performance targets within defined risk limits and tracking error, implementing manager changes as needed. Lead due diligence for existing and new external managers, ensuring compliance with investment policies and ESG guidelines. Conduct periodic portfolio assessments and present findings. Perform thorough manager research, including fundamental analysis, investment research, and engagement with management. Ensure investments meet the Fund's criteria for safety, profitability, liquidity, and convertibility. Report investment matters accurately and timely to senior management and governing bodies. Maintain high professional expertise through continuous learning and engagement with the investment community.
Work Experience
Requires a minimum of seven years of progressive experience in global long-only equity asset allocation and portfolio management, including implementing strategies and analyzing external fundamental and passive strategies. Must have quantitative analytical experience in portfolio management, including factor analysis. Desirable experience includes manager search due diligence, IMA negotiation, compliance/ESG oversight, external manager portfolio oversight, and global public equity investment analysis in an institutional setting. Experience with quantitative tools and databases is also desirable.
Skills
Professionalism, Teamwork, Accountability, Asset Allocation, Portfolio Management, Manager Research, Due Diligence, Investment Analysis, Risk Management, Compliance, ESG Integration, Quantitative Analysis, Communication, Negotiation.