Overview
External Members provide independent expert advice and strategic guidance to the Investment Committee to support UNDP's monetary and investment oversight framework.
Key Responsibilities
- Advising on the development, interpretation, and amendment of UNDP Investment Guidelines.
- Reviewing strategic asset allocation frameworks, permissible instruments, maturity structures, and diversification parameters.
- Providing independent perspectives on ESG/SRI integration and evolving institutional investment practices.
- Selection of benchmarks and targets for investment returns.
- Reviewing portfolio performance relative to approved benchmarks and investment objectives.
- Assessing portfolio risks, including credits, liquidity, market, currency, operational, and counterparty risks.
- Reviewing material compliance breaches, downgrade events, or other exceptions reported by Treasury.
- Providing guidance on non-USD currency management and hedging strategies.
- Reviewing the appointment and appropriateness of custodians, investment managers, brokers and counterparties.
- Advising on governance, transparency, and institutional control frameworks relevant to investment operations.
- Review the performance of the asset managers, custodians, brokers and other relevant external service providers.
- Bringing external market insight and institutional best practices to Committee discussions.
- Providing constructive challenges and independent judgement on significant investment proposals or strategic changes.
- Supportive long-term institutional resilience, sound governance, and fiduciary discipline across UNDP's cash management, asset management, and investment activities.
- Attend quarterly Committee meetings and additional sessions as required.
- Review meeting materials in advance and participate actively in discussions.
- Maintain confidentiality regarding all Committee deliberations, materials and recommendations.
- Exercise independent and objective judgement in the best interests of UNDP.
- Provide informal advice between meetings on material market developments, strategic initiatives, or emerging risks affecting UNDP portfolios.
Required Experience
Substantial senior-level experience in one or more of the following areas: Institutional asset management, Fixed income portfolio management, Treasury and liquidity management, Foreign exchange management, Risk management, ESG/SRI investing, Pension, reserve or sovereign-style portfolio oversight. Minimum of ten (10) years of relevant professional experience with governance frameworks applicable to large institutional investment portfolios.
