Non-discretionary Risk Advisor

A. Services 1. The Secretary-General of the United Nations seeks experienced Risk Advisors to provide advice to the Investment Management Division (IMD) of the United Nations Joint Staff Pension Fund (UNJSPF) on risk measurement, analysis and overall risk management oversight on a non-discretionary basis. 2. Risk Advisor is expected to provide advice on strengthening the Fund’s ability to apply sound risk measurement, analysis and risk management oversight. The functions of this non-discretionary advisor will include, but are not limited to, provide daily. Weekly, monthly, quarterly and periodic risk reporting, portfolio modelling and construction, scenario analysis, attribution analysis, style analysis, risk sensitivity analysis, risk budgeting recommendation (including analysis and simulation), stress testing, benchmark and currency analysis. The advisor will also reconcile and measure the performance of the Fund its individual asset classes and their respective assigned benchmarks (standard and customized) daily and periodically. As part of this service, it is expected that the nondiscretionary Risk Advisor will deliver standard and customized daily, weekly and periodic (GIPS compliant) reports to IMD and will be able to provide system access to their platforms for IMD staff to view reports and to make queries as part of their service offering. The nondiscretionary Risk Advisor will also serve as an additional resource in monitoring the Fund’s holdings an in checking and ensuring data accuracy for the Fund’s largely internally managed portfolio. Finally, the risk advisor is expected to provide IMD with access to additional global market data and risk analytics. The risk advisor is also expected to meet with the Risk Team on a frequent basis to discuss performance and risk results. B. Brief Description of the Fund 3. The United Nations Joint Staff Pension Fund (“UNJSPF” or “the Fund”) was established by the General Assembly of the United Nations ("UN") to provide retirement, death, disability and related benefits for the staff of the UN and other international intergovernmental organizations admitted to membership in the Fund. 4. The Fund is a defined benefit fund, with approximately US$64 billion assets under management spread across 38 countries, 7 international/regional institutions and 23 currencies. It is one of the most globally diversified funds in the world. Although most of the exposure is in major developed markets, the Fund is committed to finding sound investment opportunities in emerging and frontier markets. Please consult the Fund’s website at http://imd.unjspf.org/ for additional information and a breakdown of the Fund’s assets. 5. The asset classes in which the Fund invests consist of global developed, emerging, and frontier market equity; fixed income; real assets (real estate, infrastructure, timberland and agriculture), alternative investments (private equity and real return strategies); and cash and short-term investments. Approximately 85% of the Fund’s assets are internally managed, with the remainder invested in external small cap equity, real asset, and alternative investment funds. 6. Operationally, the IMD is organized into four (4) business units: (1) Front Office (the Investment Section), (2) Risk and Compliance Section, (3) Middle and Back Office (the Operations Section), (4) Information and Communication Technology (the Information Systems Section). 7. The Front Office (the Investment Section) is structured primarily by asset class: Equities, Fixed Income, Real Assets (Real Estate, Infrastructure and Timber and Agriculture) and Alternative Investments (Private Equity and Real Return Strategies.) Within the Equities asset class, portfolio teams are structured by geographic region, i.e., North America, Europe, Asia Pacific and Japan, and Global Emerging Markets. 8. Historically, IMD has maintained a conservative equity and debt portfolio. All investments must, a