Senior Discretionary Portfolio Manager

Santander US; Miami (FL); On-site; USD 128,000 - 220,000; Full time

Job summary

Santander US is seeking an experienced Senior Discretionary Portfolio Manager to design, manage, and optimize client portfolios across equities, fixed income, and alternatives. You will work closely with Private Bankers to tailor discretionary strategies and present performance to clients.

Responsibilities include detailed portfolio analysis, asset allocation, and involvement in investment committees, all while ensuring compliance with internal policies and fiduciary standards.

Qualifications

• Bachelor’s degree required or equivalent demonstrated through work experience or education.
• 8+ years related work experience in investment portfolios across markets.
• Proven ability to monitor performance, analyze variances, and communicate results.
• Knowledge of financial regulations and investment platforms.

Responsibilities

• Design, structure and restructure investment portfolios per client objectives and policy.
• Manage large, complex portfolios with discretionary latitude.
• Evaluate client goals and contribute to relationship strategy.
• Perform top-down and bottom-up financial analysis; create investment tools.
• Review portfolios weekly for performance, fiduciary and risk compliance.
• Advise clients and execute strategies within open architecture principles.
• Pursue broad asset allocation aligned with investment strategy guidance.
• Support commercial team with investment policy and client pitches.
• Coordinate with bankers to win/retain clients and develop proposals.
• Supervise marketing materials and participate in promotional events.

Skills

Portfolio management

Client relationships

Financial analysis

Market knowledge

Education

Bachelor’s Degree

Tools

Bloomberg

Python

Excel

Job description

It Starts With You:

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.

The Difference You Make:

The Senior Discretionary Portfolio Manager builds and manages a portfolio of several clients with complementary products and varying risks (equities, fixed income, alternatives) Works closely with Private Bankers and contribute to development of Discretionary Portfolio Management offering to meet client needs. Manage all portfolios under their responsibility. Participate to all investment committees. Meet and report to the client the strategy put in place and the performance.

The Senior Discretionary Portfolio Manager reports to the Discretionary Portfolio Management Director.

Portfolio Management

• Design, structures and re-structure investment portfolios in accordance with client objectives and investment policy, initiates investment programs and executes appropriate transactions consistent with investment strategy.
• Manages investment accounts of a large and complex nature with discretionary latitude for advising, planning and executing investment strategies.
• Evaluates client goals and objectives, contributes to team development of relationship strategy and constructs investment portfolios to execute strategy.
• Perform analysis top down and bottom up, creating financial and investment analysis tools.
• Review & monitor (weekly) portfolios to analyse investment performance, fiduciary and risk limits. Maintains compliance with all internal policies and procedures.
• Advises clients and executes investment strategies consistent with the Principals of an open architecture platform.
• Pursues and implements broad asset allocation strategies consistent with the BSI’s investment strategy guidance.

Support to Commercial Team

• Assists the commercial management team in the development of investment policy and strategy.
• Actively engages with the Commercial team in relationship reviews and offer ideas and strategies to actualize client aspirations and further position BSI as the client's trust advisor.
• Work closely with Bankers to win and retain clients by formulating effective client pitches and appropriate portfolio proposal.
• Interfaces with other advisors and commercial team members as necessary to provide exemplary service to the client.
• Provides timely feedback to the Bankers regarding important/critical events and/or discussions that occur with the client.
• Maintains a high level of collaboration with Commercial team to provide effective strategies, solutions and optimal levels of service that exceeds client expectations.
• In conjunction with other areas, meets and communicates with clients, prospective clients, and centers of influences, fostering business relationships to develop new business referrals and to enhance Bank's image.
• Maintains deep expertise in financial markets and other related areas while also participating on or contributing to Assets or Investment committees. Has the knowledge and ability to manage investment portfolios within a fiduciary framework.
• Supervise the creation and update of marketing materials to support commercial team efforts.
• Participate in promotional/training events supporting bankers. Other duties as assigned or requested by immediate supervisor

What You Bring

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Specialized Knowledge

• Experience managing investments portfolios in different markets SICAVs
• Extensive knowledge of functioning of financial markets
• Ability to structure and present an investment policy according to the macroeconomic panorama

Education

• Bachelor’s Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Required

Qualifications

• 8+ Years Related work experience. - Required.
• Proven experience managing investment portfolios across different markets, including SICAVs.
• Strong knowledge of financial instruments, market trends, macroeconomic indicators, and company fundamentals.
• Ability to monitor portfolio performance, analyze variances, and communicate results effectively.
• Knowledge of financial regulations, compliance requirements, and internal policies and procedures.


• Experience with portfolio management systems and client relationship management platforms.


• Proficiency in Bloomberg, Python, Excel, and other related investment and analytical tools.


• Ability to develop, implement, and adjust investment strategies aligned with client objectives within a fiduciary framework.


• Ability to make timely and informed decisions in volatile market environments.


• Ability to communicate complex investment concepts in a clear and understandable manner.


• Strong interpersonal, communication, and leadership skills.


• Demonstrated flexibility and the ability to thrive in a fast-paced environment.

Languages

English and Spanish required.

Certifications

• CFA Preferred.

It Would Be Nice For You To Have

• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Work Authorization & Sponsorship

Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

What Else You Need To Know

The base pay range for this position is posted below and represents the annualized salary range. For hourly positions (non-exempt), the annual range is based on a 40-hour work week. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.

Base Pay Range

• Minimum: $127,500.00 USD
• Maximum: $220,000.00 USD

We Value Your Impact

Your contribution matters and it’s recognized. You can expect a fair and competitive rewards package that reflects the impact you create and the value you deliver. We know rewards go beyond numbers. Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future. Santander Benefits - 2026 Santander OnGoing/NH eGuide (foleon.com) (https://businessolver.foleon.com/santander/2026-santander-eguide/)

Risk Culture

We embrace a strong risk culture and all of our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

EEO Statement

At Santander, we value and respect differences in our workforce. We actively encourage everyone to apply. Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.

Working Conditions

Frequent minimal physical effort such as sitting, standing and walking is required for this role. Depending on location, occasional moving and lifting light equipment and/or furniture may be required.

Employer Rights

This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate your employment at any time for any reason.

What To Do Next

We are committed to providing an inclusive and accessible application process for all candidates. If you require any assistance or accommodation due to a disability or any other reason, please contact us at [e-mail] to discuss your needs.

AN EQUAL OPPORTUNITY EMPLOYER M/F/Vet/Disabled/SO