Senior Discretionary Portfolio Manager

Santander • Miami, FL

2d • $127,500 - $220,000

About The Position

The Senior Discretionary Portfolio Manager builds and manages portfolios for multiple clients, combining products with varying risk profiles, including 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 oversees assigned portfolios, participates in investment committees, and explains portfolio strategies and performance to clients.

The role designs and restructures portfolios in line with client objectives and investment policies; manages complex investment accounts with discretionary authority; evaluates client goals; and performs top-down and bottom-up analysis. It monitors portfolio performance, fiduciary obligations, risk limits, and compliance with internal policies. The manager also advises clients and implements asset-allocation strategies consistent with the open-architecture platform and BSI investment guidance.

In support of the commercial team, the manager contributes to investment policy and strategy, relationship reviews, client pitches, portfolio proposals, and client service. The role collaborates with Bankers and other advisors, communicates significant client developments, and helps develop business relationships and referrals. It maintains expertise in financial markets and fiduciary portfolio management, contributes to investment or asset committees, supervises marketing materials, and participates in promotional and training events for Bankers. The position reports to the Discretionary Portfolio Management Director.

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.
• Experience managing investment portfolios in different markets, including SICAVs.
• Extensive knowledge of financial markets.
• Ability to structure and present investment policy in light of the macroeconomic environment.
• 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 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 explain 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 proficiency 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

• 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 authority for advising, planning, and executing investment strategies.
• Evaluate client goals and objectives, contribute to relationship strategy, and construct portfolios to implement that strategy.
• Perform top-down and bottom-up analysis and create financial and investment analysis tools.
• Review and monitor portfolios weekly for performance, fiduciary obligations, and risk limits, while maintaining 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 in developing investment policy and strategy.
• Participate in relationship reviews and offer ideas and strategies to address client aspirations and position BSI as the client's trust advisor.
• Work with Bankers to win and retain clients by preparing client pitches and portfolio proposals.
• Coordinate with other advisors and commercial team members to provide client service.
• Give 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 foster business relationships, develop referrals, and enhance the Bank's image.
• Maintain expertise in financial markets and related areas; participate in or contribute to asset or investment committees.
• Manage investment portfolios within a fiduciary framework.
• 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 designed to support employees, their families, and well-being; specific benefits are not listed in the posting.

What This Job Offers

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