Portfolio Manager – Portfolios Country: Spain **NOW IS THE TIME** Santander (www.santander.com) is evolving from a **high-impact global 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’s possible, and the ability to **innovate**. This is more than a strategic shift: **it’s an opportunity to grow, learn, and make a real impact**. Our mission is to help more **individuals 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’LL MAKE** **Santander Asset Management** is seeking a **Portfolio Manager – Portfolios**, based in **Madrid**. We are redefining how we work through innovation, cutting-edge technology, collaboration, and the freedom to explore new ideas. The selected candidate will manage and optimize private banking clients’ investment portfolios, delivering personalized financial advice focused on profitability, capital preservation, and achievement of each client’s wealth objectives — aligned with the bank’s global strategy and applicable regulations. In this role, your key responsibilities will include: * Designing, implementing, and monitoring investment strategies for high-net-worth clients. * Analyzing financial markets, assets, and investment products (equities, fixed income, funds, alternatives, structured products, etc.). * Developing investment proposals tailored to each client’s risk profile, objectives, and time horizon. * Coordinating with product, research, and portfolio management teams to align with the overall strategy. * Conducting ongoing portfolio performance monitoring and proposing tactical and strategic adjustments. * Ensuring regulatory compliance (MiFID II, SFDR, etc.) and adherence to sustainability and governance standards (ESG). * Supporting client acquisition and retention alongside private bankers. * Preparing periodic reports and performance presentations for clients and the Investment Committee. **WHAT YOU’LL 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 5 years’ experience in private banking, wealth management, or investment management. (Mandatory) * Experience directly serving high-net-worth clients is highly desirable. (Desirable) **Education** * Bachelor’s degree in Business Administration & Economics, Economics, or Engineering. (Mandatory) * Postgraduate studies related to quantitative and/or qualitative finance (CFA, FRM, CESGA, etc.). (Desirable) * Postgraduate degree / Master’s degree. (Desirable) **Languages** * English — advanced level (Mandatory) **Technical Skills (Hard Skills)** * Proven ability and experience managing multidisciplinary and complex teams. (Mandatory) * In-depth knowledge of financial markets, either as advisor or portfolio manager. (Mandatory) * Proficiency in Reuters, Bloomberg.XXX. (Mandatory) * Python. (Mandatory) **Interpersonal Skills (Soft Skills)** * Strong communication and presentation skills. * Clear customer orientation. **WE VALUE YOUR IMPACT** Your contribution matters—and we recognize it. At Santander, you can expect a fair and competitive compensation package reflecting your impact and the value you deliver. Take a moment to understand what we mean: * **Limitless 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, others in the office with your team — plus flexible working hours. * **Continuous Learning.** Access hundreds of courses on our learning platforms, including exclusive access to our global learning space: **Santander Open Academy** (www.santanderopenacademy.com). * **Competitive Rewards.** Receive a **highly competitive salary plus a performance-based bonus**, motivating you to keep growing with us. * **Financial Benefits.** Access preferential banking terms, special interest rates on loans, 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 means 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 membership, on-site medical centers at several of our locations, meal allowances, 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 equal-opportunity organization, regardless of age, gender, disability, marital status, race, religion, or sexual orientation. We are committed to providing 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?**