Senior Discretionary Portfolio Manager

santander; United States; On-site; USD 180,000 - 300,000; Full time

Job summary

Santander seeks a Senior Discretionary Portfolio Manager in the United States to design, structure, and manage diversified client portfolios. You will work with Private Bankers to tailor discretionary strategies across equities, fixed income, and alternatives, while reporting performance and maintaining fiduciary standards.

The role involves leading investment committees, developing asset allocation strategies, and mentoring team members.

Qualifications

• Bachelor's Degree in related field or equivalent demonstrated through work experience or education.
• 8+ years of related work experience in portfolio management or equivalent.

Responsibilities

• Design, structure and restructure investment portfolios in line with client objectives and policy.
• Manage large, complex discretionary accounts and execute investment strategies.
• Review portfolio performance weekly and ensure compliance with internal policies.
• Advise clients and implement investment strategies within open-architecture framework.
• Support commercial team with investment policy development and client pitching.
• Collaborate with bankers and other advisers to deliver exemplary client service.

Skills

Investment management

Portfolio construction

Client relationship

Risk assessment

Education

Bachelor's Degree in Finance or related field

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

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 effective.
• Knowledge of financial regulations, co