Senior Pension Funds Manager

Description

Job Summary: The Senior Pension Funds Manager will be responsible for the end-to-end management of pension fund portfolios, leading investment decisions and defining strategies. Key Highlights: 1. Opportunity to grow, learn, and make a real impact. 2. Lead investment decision-making and define strategies. 3. Redefine the way of working through innovation and collaboration. Senior Pension Funds Manager Country: Spain **NOW IS THE TIME** Santander (www.santander.com) is evolving from a **globally impactful brand** into a **technology-driven organization**, with people at the heart of this journey. Together, we are leading a **customer-centric transformation** that values **disruptive thinking**, the courage to challenge what is possible, and the ability to **innovate**. This is more than a strategic shift: **it is an opportunity to grow, learn, and make a real impact**. Our mission is to help more **people and businesses thrive**. We uphold a strong risk culture and expect all our teams to adopt a proactive and responsible approach to risk management. **Wealth Management & Insurance** encompasses three businesses across all Santander Group countries: Insurance, Asset Management, and Private Banking. We work to deliver the best solutions to our clients across these three areas in the 10 countries where we operate. **THE IMPACT YOU WILL MAKE** Santander Asset Management is seeking a Senior Pension Funds Manager based in Madrid, Paseo de la Castellana, 24\. The Senior Pension Funds Manager will be responsible for the end-to-end management of pension fund portfolios, ensuring optimization of the return-risk trade-off in line with clients’ long-term objectives and applicable regulations. They will lead investment decision-making, contribute to strategy definition, and actively engage with key stakeholders. We are redefining our way of working through innovation, cutting-edge technology, collaboration, and the freedom to explore new ideas. In this role, your key responsibilities will include: * Define and execute investment strategies for pension funds (fixed income, equities, alternatives). * Analyze financial markets, macroeconomic trends, and investment opportunities across asset classes (equities, fixed income, funds, alternatives, derivatives, etc.). * Monitor and adjust asset allocation. * Develop investment policies tailored to clients’ risk profiles, objectives, and time horizons. * Control risks and ensure compliance with regulatory limits. * Interact with institutional clients and participate in investment committees. * Coordinate with internal teams (risk, compliance, operations). * Evaluate and select external managers and investment products. * Prepare periodic performance reports and strategic presentations. * Support institutional client acquisition and retention alongside the business team. **WHAT YOU WILL BRING TO THE TEAM** Our people are our greatest strength. Each individual contributes unique perspectives that make us stronger as a team and as an organization. We value who you are and empower what you bring. The following requirements represent the essential knowledge, skills, and competencies for this role. **Professional Experience** * Minimum 8\-10 years of experience in asset management, with a focus on pensions or institutional clients. (Required) * In-depth knowledge of: + Strategic and tactical asset allocation (Desirable) + Traditional and alternative financial instruments (Desirable) + Pension fund regulation (e.g., IORP II, local regulations) (Desirable) + Risk management and quantitative analysis experience. (Desirable) + ALM (Asset Liability Management) (Desirable) **Education** * Bachelor’s or undergraduate degree in Finance, Economics, Business Administration, or similar, or Engineering. * Professional certification: **CFA (Chartered Financial Analyst)** or **CAIA (Chartered Alternative Investment Analyst)** (Desirable). **Languages** * Spanish and advanced English (minimum C1\). **Technical Skills (Hard Skills)** * Office (Excel, PowerPoint, Outlook) (Required) * Familiarity with Bloomberg, Reuters, FactSet, Aladdin, etc. * Experience with quantitative tools (Python, VBA, etc.). **Interpersonal Skills (Soft Skills)** * Strategic thinking: ability to make investment decisions aligned with long-term objectives. * Leadership and influence: ability to lead teams and participate in senior-level committees. * Effective communication: capable of explaining complex financial concepts to non-technical audiences. * Results orientation: focus on generating sustainable value. * Analytical capability: critical thinking and data-driven decision-making. * Stress management: ability to perform under pressure in volatile market environments. * Teamwork: cross-functional collaboration across multiple areas. * Integrity and professional ethics: aligned with high fiduciary standards. **WE VALUE YOUR IMPACT** Your contribution matters—and we recognize it. At Santander, you can expect a fair and competitive compensation package that reflects your impact and the value you will deliver. Take a moment to understand what we mean: * **Unlimited growth.** We empower our teams **with global opportunities and broad career paths**, enabling them to go further. * Flexibility that works. Enjoy a **hybrid work model**—some days remote and others in the office with your team—plus flexible hours. * **Continuous learning.** Access hundreds of courses on our platforms, including exclusive access to our global learning space: **Santander Open Academy (**www.santanderopenacademy.com) * Competitive rewards. Receive a **highly competitive salary plus a bonus** for your achievements, motivating you to keep growing with us. * **Financial benefits.** Access preferential banking conditions, special loan interest rates, life insurance, and much more. * **Your health is our priority.** Through **BeHealthy**, our global wellbeing program, we **promote holistic wellbeing**: physical, emotional, social, and financial. * **Family comes first.** We know your family is everything. That’s why we offer childcare support and family programs designed for every life stage. * **Always by your side.** Access **Santander Contigo**, our employee and family support program offering legal advice, emotional support, and administrative assistance. * **Extra benefits.** Gym/WellHub, on-site medical centers at several of our facilities, meal subsidies, parking, shuttle services across various points in Madrid, plus exclusive discounts and offers for Santander employees. And this is just the beginning… we’ll tell you much more when you join! We’re here to **keep you motivated**, help you **achieve your goals**, and **celebrate your achievements** at every step of the way. **LOCAL COMPLIANCE** Santander takes pride in being an organization that provides equal opportunities regardless of age, gender, disability, marital status, race, religion, or sexual orientation. We are committed to delivering an inclusive and accessible recruitment process for everyone. **WHAT’S NEXT?** If everything you’ve just read resonates with you, apply now and join our team. **Ready to take the next step?**