Junior financial analyst - asset management (Paris)
The Organisation for Economic Co-operation and Development (OECD) is an international organisation comprised of 38 member countries, that works to build better policies for better lives. Our mission is to promote policies that will improve the economic and social well-being of people around the world. Together with governments, policy makers and citizens, we work on establishing evidence-based international standards, and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.
The International Service for Remunerations and Pensions (www.sirp-isrp.org) is committed to providing studies on remuneration and pension policies of International Civil Servants, and to administering the pensions of the Co-ordinated Organisations: the OECD, North Atlantic Treaty Organization (NATO), the European Space Agency (ESA), the Council of Europe (COE), the European Centre for Medium-Range Weather Forecasts (ECMWF), the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT) and other international organisations. In parallel, the ISRP administers Pension Reserve Funds for several international organisations.
The ISRP is administratively attached to the OECD.
The ISRP is looking for an Investment Analyst, specialised in the field of asset management, to work in its Fund Administration Unit. The Unit is composed of seven professionals with experience in investment analysis, portfolio management, accounting and back-office administration. Currently, they oversee nine funds from seven international organisations, whose assets total approximately two billion euros. The Funds are managed separately as per the objectives and procedures of each organisation and under the supervision of their supervisory committees. They are invested in equity, bonds, infrastructure and real estate. Furthermore, part of the assets incorporate Environmental, Social and Governance (ESG) principles.
The selected person will work under the supervision of the Head of the Unit and will be responsible for devising and presenting proposals for investment strategies and products. In the context of external asset management, s/he will select asset managers and monitor them. S/he will contribute to the sound execution of the investments, risk management and report on the performance of the investments.
- Analyse the Funds’ portfolios, the markets where they invest, and related issues; perform research on potential new asset classes.
- Periodically, and in coordination with the Funds’ actuaries, carryout asset-liability studies reviewing the Funds’ liability-related objectives and asset allocations, develop expected long-term return and risk projections, and make recommendations accordingly.
- Assess the financial and operational risks of the Funds and recommend risk management strategies as appropriate.
- Draft documents with analyses and related proposals or recommendations. Present them to the different governing committees of the Funds in an effective manner.
- Draft summary records of management and governing committees meetings.
- Keep abreast of developments in the economy and financial markets.
Interface with asset managers and other financial service providers
- Prepare and conduct calls for tender for the selection of providers, from initial screening to final scoring assessment and recommendation.
- Contribute to the due diligence of legal agreements.
- Interact with and monitor the different service providers, notably asset managers and consultants.
- Develop a professional network of investment experts, financial service providers and peers.
- Review and validate the performance figures prepared by the external performance reporting provider.
- Prepare presentation-ready performance reports for the Funds’ governing committees and management.
- Review the work of other Analysts in the Unit and suggest improvements.
- Assist the operations team as necessary, including reviewing and validating investment operations.
Ideal Candidate Profile
- A university degree (BSc or above) in Economics, Mathematics, Finance or a related field and a Masters degree (MSc) in Finance.
- CFA certificate or equivalent will be an asset.
- At least two years’ experience in an asset management company, pension fund or investment consultancy firm analysing investments across a wide range of asset classes, including fixed-income and public equities in developed and emerging markets, and also preferably other asset classes, such as real estate and infrastructure. A thorough understanding of issues of good governance and responsible investing is also expected.
- Proven experience in formulating and presenting investment proposals.
- Experience in mutual fund selection and monitoring is desirable.
- Excellent knowledge of portfolio management models and statistical analysis related to portfolio and risk management is required.
- Excellent knowledge of performance measures is required.
- Knowledge of pension funds is desirable.
- Very good command of office automation and software (Word, Excel, Powerpoint, Access) and web tools.
- Knowledge of Morningstar Direct and Refinitiv Eikon would be an asset.
- Fluency in one of the two OECD official languages (English and French) and knowledge of the other, with a commitment to reach a good working level.
- For this role, the following competencies would be particularly important: analytical thinking; research, drafting and presentation skills; achievement focus; ability to critically review the work of others; ability to produce results within limited time frames respecting high quality standards.
- Please refer to the level 3 indicators of the OECD Core Competencies.
- Two-year fixed term appointment, with the possibility of renewal.
What the OECD offers
- Monthly salary starting from EUR 4,850 at, plus allowances based on eligibility, exempt of French income tax.
- Click here to learn more about what we offer and why the OECD is a great place to work.
- Click here to browse our People Management Guidebook and learn more about all aspects relating to people at the OECD, our workplace environment and many other policies supporting staff in their daily life.
The OECD is an equal opportunity employer and welcomes the applications of all qualified candidates who are nationals of OECD member countries, irrespective of their racial or ethnic origin, opinions or beliefs, gender, sexual orientation, health or disabilities.
The OECD promotes an optimal use of resources in order to improve its efficiency and effectiveness. Staff members are encouraged to actively contribute to this goal.