Head of Operational Risk - UNITED NATIONS : Job Details

Head of Operational Risk

UNITED NATIONS

Job Location : New York,NY, USA

Posted on : 2025-02-01T13:11:10Z

Job Description :
Full Job Description

Org. Setting and Reporting

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 heads the Office of Investment Management (OIM), which manages a $95+ 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 40 countries. For more information, please visit OIM's website at OIM's website.

The Head of Operational Risk reports to the Chief of Risk and Compliance (D-1). This position will be responsible for leading the development and maintenance of a strong operational risk management framework by working closely with the Investment Teams, Operations, Risk, Compliance, and Audit functions to provide expertise on operational risk matters and provide strong oversight and support to Cyber, Third Party and Fraud Risk.

Responsibilities

Within delegated authority, the Head of Operational Risk will be responsible for the following duties:

  • Design, draft, write, and lead the approving process of the Operational Risk Management Framework.
  • Develop and execute governance-related aspects of the operational risk program and the corresponding manuals, policies and procedures needed to round up the adequacy of the coverage of the Fund's different operational risks.
  • Update and maintain the new operational risk, cyber risk and fraud risk management frameworks and the related policies and procedures across all Risk and Compliance in accordance with industry best practices.
  • Establish formal governance and oversight over operational risk.
  • Aid in the preparation of process maps, the definition of roles and responsibilities, prepare and maintain risk control matrixes, assess existing internal controls, and develop and implement new controls as needed.
  • Project-manage operational, cyber, third-party and fraud risk strategic initiatives.
  • Lead the design and implementation of Key Risk Metrics, Key Performance Indicators, and the preparation of Dashboards.
  • Aid in the implementation of a new Fund-wide Risk Committee.
  • Participate in committees such as the Investment Risk Committee, the Fund-wide Risk Committee, as well as any other committees or working groups as needed on behalf of the Risk Team.
  • Collect and analyze data to identify trends or patterns and provide insights through graphs, charts, tables and reports using data visualization methods to enable data-driven planning, decision-making, presentation and reporting.
  • Perform other duties as required.

    • Core Competencies:

  • Professionalism: Ability to identify key strategic issues, opportunities and risks. Ability to generate and communicate broad and compelling organizational direction. Ability to communicate clearly links between the Organization's strategy and the work unit's goals.
  • Teamwork: Works collaboratively with colleagues to achieve organizational goals.
  • Planning & Organizing: Develops clear goals that are consistent with agreed strategies; identifies priority activities and assignments.

    • Managerial Competencies:

  • Leadership: Serves as a role model that other people want to follow; empowers others to translate vision into results.
  • Judgement/Decision-making: Identifies the key issues in a complex situation, and comes to the heart of the problem quickly.

    • Education

    Advanced university degree (master's or equivalent) in Business Administration (MBA), Finance, Economics, Law or related field is required. A first level university degree in combination with academic qualifications and experience in investment compliance may be accepted in lieu of the advanced degree. A professional certification such as Chartered Financial Analyst or Financial Risk Manager is desirable.

    Work Experience

    A minimum of ten years of progressively responsible experience working in risk management or a related role in an investment/financial institution is required. Experience in risk analytics, risk management, risk reporting, and risk advisory or a related function is required. Experience in managing risk frameworks and systems is required. Experience using various management and data processing tools is desirable. Experience in working with and responding to audits is desirable.

    Languages

    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 an advantage.

    Assessment

    Evaluation of qualified candidates may include an assessment exercise which may be followed by competency-based interview.

    Special Notice

    • Funding for this position is subject to approval and therefore the selection and onboarding of the successful candidate may be expected in early 2025.

    • The United Nations Secretariat is committed to achieving 50/50 gender balance in its staff. Female candidates are strongly encouraged to apply for this position.

    United Nations Considerations

    According to article 101, paragraph 3, of the Charter of the United Nations, the paramount consideration in the employment of the staff is the necessity of securing the highest standards of efficiency, competence, and integrity.

    #J-18808-Ljbffr
    Apply Now!
    Similar Jobs ( 0)
    -- View More Similar Jobs --