Investment Officer (Fixed Income-Credit)

UN Secretariat; New York (NY); On-site; USD 140,000 - 230,000; Full time

Job summary

The United Nations Joint Staff Pension Fund (UNJSPF) Office of Investment Management (OIM) in New York seeks an Investment Officer in Fixed Income to lead fundamental credit research on corporate and government bonds, monitor holdings, and ensure compliance with investment policies while balancing safety and profitability.

You will build financial models, prepare credit memos, participate in management calls, assess ETFs, interest rates, and capital structures, and contribute to ESG data

Qualifications

• Advanced degree in MBA, Finance, Economics or equivalent.
• Five years in corporate securities analysis with ESG.
• US fixed income credit markets experience required.

Responsibilities

• Conduct fundamental credit research on corporate and government bonds and monitor portfolio holdings.
• Prepare credit research reports and investment memos; participate in management calls and ESG data analysis.
• Develop financial models, evaluate ETFs, interest rates, capital structures, and externally managed exposures; present recommendations to senior leadership.

Skills

US Fixed Income

Credit analysis

ESG in credit

Quantitative analysis

Financial modeling

Communication skills

Integrity

Teamwork

Under pressure

Risk awareness

Education

MBA / Finance / Economics

Job description

Organizational context: The United Nations Joint Staff Pension Fund (UNJSPF) Office of Investment Management (OIM) manages a global investment portfolio of approximately $100+ billion across multiple asset classes. OIM actively manages about 85% of this portfolio in-house. This Investment Officer role is situated within the Fixed Income Team in New York, reporting to the Senior Investment Officer for Credit.

Job purpose: This role supports the Senior Investment Officer (SIO) for Credit in managing corporate and government-related bond portfolios within the UNJSPF. The primary purpose is to conduct fundamental credit research, monitor portfolio holdings, and ensure compliance with investment policies to achieve optimal returns while managing risk. The incumbent will contribute to performance objectives, integrate Responsible Investment principles, and analyze various financial instruments and market data. This position plays a key part in the overall investment strategy and performance of the UNJSPF's fixed income assets, ensuring alignment with the Fund's criteria for safety, profitability, liquidity, and convertibility.

Responsibilities: The Investment Officer will conduct fundamental credit research on corporate and government-related bonds, contributing to performance objectives and outperforming benchmarks. This includes monitoring portfolio holdings, performing security analysis, and adhering to risk control parameters. The role involves integrating Principles of Responsible Investments into analysis and monitoring both internal and external holdings. The incumbent will perform thorough investment research, including fundamental credit analysis of issuers, building financial models, and preparing credit research reports and investment memos. They will participate in management calls, analyze ETFs, interest rates, capital structures, and ESG data, and evaluate research providers and external managers. The role also involves making specific investment recommendations based on the Fund's criteria and presenting them to management, as well as assisting in reporting to senior leadership and governing bodies.

Education: An advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Economics, or a related field is required. A first-degree university degree with two additional years of relevant investment management experience may be accepted as an alternative.

Work experience: A minimum of five years of experience analyzing corporate securities, including ESG considerations, is required. Experience in US fixed income credit markets is also mandatory. Desirable experience includes trading US corporate bond exposures at a large pension fund, investment manager, or insurance company, as well as quantitative portfolio modeling and analysis of external managers.

Skills: Professionalism, Accountability, Teamwork, strong knowledge of US Fixed Income Corporate and Government Related Securities, credit analysis, US credit market understanding, ESG considerations in credit, quantitative analysis, financial modeling, communication skills, ability to work under pressure, integrity, and commitment to results.

Required languages: English, French

Desired languages: