Alternative Investment Operations Manager

Santander is a global leader and innovator in the financial services industry, evolving from a high-impact brand into a technology-driven organization. Our people drive a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.

About the role

The Alternative Investment Operations Manager is responsible for reviewing and ensuring the proper settlement of executions across various financial instruments, including FX, MM, NDFs, interest rate swaps, options, repos, and other products traded by the treasury desk. Additionally, oversees daily account reconciliations and ensures timely processing of securities and cash movements to meet collateral requirements. Collaborates with the Finance team to ensure accurate accounting and regulatory reporting, including handling documentation such as agreements and confirmations. Coordinates with custodians and fund families, overseeing the review and processing of subscription documents and capital activity related to private equity and hedge funds. Manages corporate actions such as distributions, redemptions, roll-ups, drawdowns, and other related events. Provides training to team members and oversees their work to ensure accuracy and efficiency in daily operations.

The role reports to the Investment Operations Director.

Responsibilities

• Daily monitoring of options, FXs, repos, money market instruments, and NDF transactions, including margin control and related notifications.
• Initiate same-currency transfers between accounts to facilitate securities settlement, collateral management, and liquidity metric reporting for repos.
• Manage all settlement payments for these products and notify the trading desk of any last-minute payments or projected overdrafts.
• Supervise and coordinate with custodians and various fund families.
• Manage the review and processing of hedge fund and private equity documentation prior to submission to the administrator.
• Collaborate with the CSA team on matters related to private equity documentation.
• Oversee capital calls and distributions, working closely with administrators to ensure timely and accurate processing of transactions within the core platform.
• Review securities and cash positions between the bank and custodians to ensure accuracy.
• Manage trade confirmations and promptly notify the trading desk of any discrepancies.
• Work closely with internal departments to ensure proper approvals are obtained for establishing new relationships with administrators and fund families, including preparation of required documentation.
• Supervise team members and support bankers in onboarding new clients for private equity programs, ensuring all investors meet AML compliance requirements.
• Coordinate with the Finance team to investigate unreconciled securities and cash items, and support accurate regulatory reporting.
• Identify and drive opportunities to enhance operational efficiency and streamline processes.
• Other duties as assigned or requested by immediate supervisor.

Requirements

• Bachelor’s Degree or equivalent experience.
• 6 - 8 years of relevant experience or demonstrated required level of proficiency.
• Experience with all aspects of securities settlement (Fixed Income & Equities), as well as knowledge of cash and securities reconciliation processes.
• Strong knowledge of financial products: options, FX, repos, NDFs, and money market instruments.
• Understanding of collateral management and margin control.
• Securities settlement expertise, including trade life cycle and settlement mechanics.
• Ability to supervise and train team members, including delegation and workload prioritization.
• Excellent written and verbal communication skills.
• Strong attention to detail and problem-solving skills.
• Organizational and time-management skills.
• Proactive, with an ability to suggest improvements.
• Strong knowledge of Microsoft Office, with emphasis in Excel.
• Excellent customer service skills.
• Ability to multitask and be flexible.
• Strong judgment and ability to use discretion and make decisions within guidelines.

Skills

• Conflict resolution and team motivation.
• Detail-oriented and able to work independently and in a team environment.

Languages

• English (required).
• Spanish (a plus).

Pay

The base pay range for this position is $82,500.00 USD to $150,000.00 USD annually.

Benefits

Santander offers a comprehensive rewards package that includes competitive pay and benefits designed to support you, your family, and your well-being, now and into the future. For more details, visit Santander Benefits.