Under the overall supervision of the Investment Officer, Trade Execution - P4, the incumbent will be responsible for the following functions:
Provide the best trade execution across a range of global equities and other relevant securities by safely, timely, and effectively executing trades.
Participate in the development of trading strategies by communicating with Investment Officers, Portfolio Assistants, brokers and other counterparties.
Contribute to the Trade Execution team by working on projects to help in the development, maintenance, and enhancement of the trading platform within the Investments Management Division.
Execute securities buys and sells authorized by Senior Investment Officers.
Manage orders and trade flow in a logical risk-controlled manner with a high sensitivity to fiduciary responsibilities.
Monitor trades which Senior Investment Officers place through the Order Management System from execution to settlement by fulfilling instructions from Senior Investment Officers.
Support the various Equity Investment teams by providing market intelligence and insight, technical analysis, macro strategy, trade ideas and data requests.
Support the portfolio management process by acting as the broker contact point for primary/secondary offerings, bid-offers, buy/sell ideas, recommendation changes, and major economic and company news. Pro-actively contribute to the investment process by reducing transaction costs and identifying alpha opportunities in global equity markets.
Create reports to review brokerage execution costs and quality that will be integrated into the broker evaluation process to enhance the Investment Management Division's accountability and transparency.
Cross-train with other traders to enable flexible trading-desk team coverage
Review transactions to ensure accuracy of information and that trades conform to different market regulations; inform management regarding fluctuations and irregularities.
Ensure trades are in compliance with internal IMD requirements and with rules and regulations in various local market jurisdictions.
Act as liaison with the Operations department to ensure proper settlement of trades.
Help to reconcile trading discrepancies between Operations and brokers.
Help the Senior Trade Execution Officer by generating reports that indicate achievement of the Trade Execution team's goals of lowering transaction costs, decreasing slippage, and reducing market impact.
Work on ad-hoc projects and perform other duties as required.
Advanced university degree (Master's degree or equivalent degree) in Business Administration (MBA), Finance or related field is required. A first-level university degree in combination with additional two years of qualifying experience may be accepted in lieu of the advanced university degree. A Chartered Market Technician (CMT) designation is desirable.
A minimum of five (5) years of progressively responsible experience trading and executing Global Equity markets during live market hours for a large institutional buy-side asset manager is required. Experience working with market data and analytics systems such as Bloomberg, Reuters, or similar system is required. Experience executing via an Order Management System such as Charles River, Bloomberg-AIM, Longview or similar system is required. Experience dealing with Operations teams, Custodian Banks, Investment Brokers is required. Experience with Trading Cost Analysis systems such as Abel Noser, ITG, Bloomberg Trading Cost Analysis or similar system is desirable. Experience working with quantitative trading strategies and analysis is desirable.
English and French are the working languages of the United Nations Secretariat. For this position, fluency in English is required; knowledge of another official UN language is desirable.
Applicants are urged to carefully follow all instructions available in the online recruitment platform, inspira.
Please go to https://careers.un.org to apply, using Job Opening Number: 74681.