Senior Discretionary Portfolio Manager

Banco Santander • Miami, FL

1d

About The Position

The Senior Discretionary Portfolio Manager builds and manages portfolios for multiple clients, combining complementary products and varying risk profiles across equities, fixed income, and alternatives. The role works closely with Private Bankers and contributes to the development of the Discretionary Portfolio Management offering to meet client needs. The manager is accountable for all portfolios under their responsibility, participates in investment committees, and reports to clients on strategy and performance.

The position designs and restructures portfolios to reflect client objectives and investment policies, manages large and complex discretionary accounts, and develops investment strategies within a fiduciary framework. It involves top-down and bottom-up analysis, monitoring portfolio performance and risk limits, and implementing asset-allocation strategies consistent with investment guidance and an open-architecture platform.

The role also supports the commercial team in developing investment policies, client strategies, proposals, and pitches; collaborates with Bankers to win and retain clients; communicates significant client events; and works with clients, prospective clients, and referral sources to build relationships and business. The manager maintains expertise in financial markets, contributes to investment or asset committees, supervises marketing materials, and participates in promotional and training events for Bankers. Other duties may be assigned by the immediate supervisor.

Requirements

• Bachelor’s degree in a related field, or equivalent demonstrated through work experience, training, military service, or education.
• At least 8 years of related work experience.
• Proven experience managing investment portfolios across different markets, including SICAVs.
• Extensive knowledge of financial markets and strong knowledge of financial instruments, market trends, macroeconomic indicators, and company fundamentals.
• Ability to structure and present an investment policy in light of the macroeconomic panorama.
• 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 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, informed decisions in volatile market environments.
• Ability to communicate complex investment concepts clearly and understandably.
• Strong interpersonal, communication, and leadership skills.
• Flexibility and ability to thrive in a fast-paced environment.
• English and Spanish language skills are required.
• Must be legally authorized to work in the United States full-time without employer sponsorship to commence employment.

Nice To Haves

• CFA certification preferred.
• Established work history or equivalent demonstrated through work experience, training, military service, or education.

Responsibilities

• Build and manage portfolios for multiple clients, covering complementary products and varying risks such as equities, fixed income, and alternatives.
• Manage all investment portfolios under the role’s responsibility and participate in investment committees.
• Meet with clients to explain the strategy in place and report portfolio performance.
• Design, structure, and restructure investment portfolios in accordance with client objectives and investment policies; initiate investment programs and execute transactions consistent with investment strategy.
• Manage large and complex investment accounts with discretionary latitude for advising, planning, and executing investment strategies.
• Evaluate client goals and objectives, contribute to relationship strategy, and construct portfolios to execute that strategy.
• Perform top-down and bottom-up analysis and create financial and investment analysis tools.
• Review and monitor portfolios weekly for performance, fiduciary requirements, and risk limits; maintain compliance with internal policies and procedures.
• Advise clients and execute investment strategies consistent with the principles of an open-architecture platform.
• Pursue and implement broad asset-allocation strategies consistent with BSI investment strategy guidance.
• Assist commercial management with investment policy and strategy development.
• Engage with the Commercial team in relationship reviews and propose ideas and strategies to advance client aspirations and position BSI as the client's trust advisor.
• Work with Bankers to win and retain clients by developing client pitches and portfolio proposals.
• Coordinate with other advisors and commercial team members to provide client service; provide Bankers timely feedback about important or critical client events and discussions.
• Collaborate with the Commercial team to provide effective strategies, solutions, and service that exceeds client expectations.
• Meet and communicate with clients, prospective clients, and centers of influence to develop business referrals and enhance the Bank's image.
• Maintain expertise in financial markets and related areas and participate in or contribute to asset or investment committees.
• Supervise the creation and updating of marketing materials supporting commercial team efforts.
• Participate in promotional and training events supporting Bankers.
• Perform other duties as assigned or requested by the immediate supervisor.

Benefits

• The employer describes a competitive rewards package and benefits intended to support employees, their families, and well-being; specific benefits are not itemized in the posting.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior