Vice President, Portfolio Management Middle Market Banking

Banco Santander SA; New Haven (CT); On-site; USD 101,000 - 165,000; Full time

Job summary

Banco Santander SA is seeking a Vice President, Portfolio Management for the Middle Market Banking group in the United States. You will lead underwriting due diligence, financial analysis, and credit memos for commercial loans while partnering with portfolio and relationship managers to manage existing lending relationships.

You will present to the credit committee, monitor covenants and risk ratings, and mentor junior team members.

Qualifications

• Bachelor’s Degree is required or equivalent demonstrated through work experience or education.
• 5+ years of experience in credit structuring and underwriting with cross-selling.
• Strong analytical skills and proficiency with financial statement modeling.
• Strong credit skills to evaluate strength and weaknesses across credits.
• Formal credit training program is preferred.
• Ability to produce high-quality underwriting documents with concise analysis under tight deadlines.
• Ability to work independently and proactively address portfolio needs.
• Excellent interpersonal, teamwork, and communication skills.
• Thorough understanding of regulations governing financial products and services.
• Proficient with Microsoft Office.

Responsibilities

• Underwrite new commercial loans for private and publicly owned businesses.
• Perform due diligence and financial analysis of borrowers and guarantors.
• Prepare internal credit memos and present to the credit committee.
• Monitor covenant compliance, risk ratings, and portfolio quality.
• Interface with clients, relationship managers, and deal team members to facilitate underwriting.
• Lead deal screen and underwriting documents with senior members.
• Support legal documentation drafting and negotiations.
• Assist in loan closing and regulatory compliance.

Skills

Credit underwriting

Financial analysis

Communication

Microsoft Office

Independent work

Education

Bachelor's Degree

Tools

Sageworks

Webster's credit management platform

Excel

Job description

Vice President, Portfolio Management Middle Market Banking Country: United States of America It Starts Here: 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 Vice President, Portfolio Management role will work within the Commercial Banking Middle Market division and will partner with portfolio and relationship managers to support (i) underwriting new commercial loans for private and publicly owned businesses and (ii) the ongoing portfolio management of existing lending relationships.
• Responsibilities will include conducting underwriting due diligence, financial analysis of borrowers and guarantors, preparation of internal credit memos, presentation of underwriting diligence and portfolio management results to credit committee, monitoring covenant compliance, risk ratings and credit quality of the portfolio, and other activities in support of the region's overall goals.
• Throughout the process the Portfolio Manager will interact with multiple internal and external stakeholders, including credit professionals, capital markets, company management, investment bankers, legal counsel, and operations personal.
• The position will also have the opportunity to teach and mentor junior deal team members.
• Lead underwriting due diligence and partner with relationship managers and junior deal team members to produce deal screen and underwriting documents.
• Interface with clients and other stakeholders to facilitate underwriting process.
• Detail debt financings and company financials utilizing Excel and Webster’s credit management platform, Sageworks.
• Perform sensitivity analysis and modeling of projected cash flows.
• Draft approval document narrative, thoroughly identify all risks and mitigating factors, document variances to policy/procedures, and assign accurate risk grade.
• Responsible for presenting underwriting memos to credit committee.
• Support legal documentation drafting and negotiations.
• Facilitate loan closing process with commercial loan operations.
• Review, spread, and maintain periodic financial statements, compliance certificates and borrowing base reports.
• Engage with borrowers' CFOs (or similar position) to get qualitative updates on performance.
• Listen to annual or other interim lender update calls and ask questions, when appropriate.
• Ensure the timely completion of renewals, annual reviews, and interim analyses.
• Ensure borrower is assigned an appropriate risk rating.
• Present internal portfolio review memos to senior credit executives at periodic meetings.
• Execute all amendments/waivers for existing borrowers.
• Maintain ticklers, covenants, and borrower credit files.
• Maintain customer information and data integrity on bank systems.
• Ensure compliance with all regulations, policies, and procedures.

What You Bring:

• Education: Bachelor’s Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Required.
• 5+ Years Experience in credit structuring and underwriting and cross selling.
• Strong analytical skills and proficiency with financial statement modeling.
• Strong credit skills with the capacity to evaluate strength and weakness of a wide variety of credits.
• Formal credit training program preferred.
• Ability to produce high quality underwriting documents with concise, well-reasoned analysis under tight time constraints.
• Ability to work independently and proactively address the needs of assigned portfolio.
• Excellent interpersonal, team building and communication skills.
• Thorough understanding of regulations governing financial products and services.
• Proficient with Microsoft office.

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: $101,250.00 USD Maximum: $165,000.00 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)

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.

The Santander Way

The Santander Way Santander is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. 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. Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management. Ready to make it happen? It starts with you. It starts here.