Investment Officer/Senior Investment Officer - FINAI IN

International Monetary Fund•Washington DC, DC

33d

About The Position

Work for the IMF. Work for the World. The Investment Unit within the Fund's Finance Department is seeking a qualified candidate for the function of (Senior) Investment Officer, with a specific focus on investment operations. The Investment Unit is responsible for overseeing the management of the Investment Account (IA) and Trust Investment Assets (TA) with combined assets around US$100 billion. The IA includes the Fixed Income Subaccount and the long-term, multi-asset Endowment Subaccount. The TA includes investment assets of the PRGT, RST, CCRT, and HIPC. Day-to-day investment management activities for the IA and TA are handled largely by external managers while the recording of transactions is performed by a third-party investment service provider, which serves as the official book of records.

Requirements

Advanced University degree, or equivalent, in economics, business administration or financial analysis, supplemented by a minimum of four (4) years (five (5) years preferred) of relevant professional work experience is required; or a bachelor’s degree, or equivalent, supplemented by ten (10) years of relevant professional experience, is required. Alternatively, a minimum of two (2) years of relevant experience at grade A10, or equivalent, is required.
Sound knowledge of investment theory and practice.
An understanding of investment portfolio and performance (preferred) with required investment accounting and private asset operations, knowledge required.
Sound understanding of the characteristics of a wide range of assets, including fixed income instruments, public equities, private assets and derivatives.
Experience in the middle and/or back office of the investment arm of an official institution, central bank, or other institutional investor involving interacting with a custodian or third-party investment professionals is highly desirable.
Experience with application of International Financial Reporting Standards, especially for financial instruments, is strongly preferred.
Strong analytical skills and excellent spreadsheet skills with a high level of attention to detail and approach for continuous improvement.
Demonstrated writing and communications skills.
Strong interpersonal skills with the ability to work independently and in a multi-cultural team environment.

Nice To Haves

Professional certifications such as CPA or CA, CFA, or FRM are highly desired.

Responsibilities

Verifying monthly reports prepared by the third-party investment service provider, including accounting reports to ensure validation of the reported net asset value (NAV) on a timely basis.
Preparing all investment-related disclosures in the financial statements in compliance with International Financial Reporting Standards (IFRS) on a periodic basis.
Performing pricing checks on valuations provided by third-party service provider and assessing reasonability of fair value levelling hierarchy.
Reviewing SOC1 (or equivalent reports) of third-party reporting service providers and assessing any control deficiencies.
Liaising with the Fund’s external audit firm and IMF financial reporting team to provide supporting documentation related to investments and monthly sign-off on investment accounts.
Overseeing the valuation process for private investments including preparing desktop valuations and reviewing annual financial statements and SOC reports.
Conducting private market-related operations, including new fund onboarding, processing capital calls and distributions, managing foreign exchange risk, cash management and other matters that may arise from time to time.
Reviewing periodic reports on private assets to monitor capital commitment, expense ratio and other IMF needs that arise from time to time.
Coordinating investment activities including Trust-related investments with various internal stakeholders.
Contributing to daily investment operations, including rebalancing portfolios, funding external managers, managing internal portfolios, and investing temporary cash balances.