Senior Discretionary Portfolio Manager

Banco Santander SA; United States; On-site; USD 128,000 - 220,000; Full time

Benefits offered by this job

Healthcare benefits

Job summary

Banco Santander SA is seeking a Senior Discretionary Portfolio Manager in the United States to design and manage client portfolios across equities, fixed income, and alternatives. You will work with Private Bankers, participate in investment committees, and report strategy and performance to clients.

The role requires deep knowledge of financial markets, fiduciary responsibility, and the ability to communicate complex concepts clearly. A CFA is preferred and English/Spanish fluency is expected.

Qualifications

• 8+ years related work experience in portfolio management.
• Proven experience managing investment portfolios across markets (incl. SICAVs).
• Strong knowledge of financial instruments, markets, macro indicators.
• Ability to monitor performance, analyze variances, and report results.
• Familiarity with portfolio management systems and CRM tools.

Responsibilities

• Design, structure and manage client portfolios per objectives and policy.
• Monitor portfolios (weekly) and ensure compliance with risk limits.
• Participate in investment committees and report strategy and performance to clients.
• Collaborate with bankers to win/retain clients and craft proposals.
• Contribute to marketing materials and support training for bankers.

Skills

Investment analysis

Portfolio management

Client communication

Collaboration

Education

Bachelor’s Degree in related field

Tools

Bloomberg

Python

Excel

Job description

Senior Discretionary Portfolio Manager

Country: United States of America

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 analyze 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

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