Infrastructure Research ManagerCountry: Spain

IT STARTS HERE

Santander (www.santander.com) is evolving from a global, high-impact brand into a technology-driven organization, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what's possible.

This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference.

Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Santander Alternative Investments (SAI) is a growing business that started almost three years ago, with c€3bn in commitments across its core strategies The business is focussed on three areas, infrastructure, private credit and real estate in which our goal is to develop funds where we have a clear competitive advantage to generate alpha for our institutional and UHNWI clients.

We are proud of being an organisation where there are equal opportunities regardless of gender identity, culture or disability. Our mission is to help more people and businesses prosper. We embrace a strong risk culture and expect all professionals at all levels to take a proactive and responsible approach toward risk management.

THE DIFFERENCE YOU MAKE

Santander Alternative Investments (SAI) is looking for a Infrastructure Research Manager based out of Madrid

SAI currently manages or acts as investment adviser to various infrastructure and climate funds, including senior debt, junior debt/special situations, equity and venture capital. As part of the next phase of growth, SAI will launch a series of new products beginning with

• new high-yield/junior infrastructure credit fund targeted to institutional clients. Santander will coinvest USD 200m in the fund. This commitment can be drawn first to create a seed portfolio ahead of fund raising. This is a follow on strategy to the infrastructure special situations / credit fund which SAI currently advises and co-manages
• a follow on venture climate fund investing in climate tech and deep tech (both terrestrial and space based). This is a follow on strategy from the current fund managed by SAI but marketed to global institutional clients

The Infrastructure Research Manager will support the infrastructure and climate VC teams in the raising, deployment and management of these and future funds by:

• Carrying out primary research and preparing publications to support fund-raising and investment management
• Coordinate with investment teams to adapt research for fundraising pitches and LP communications
• Researching information and formulating investment conviction and strategies with the investment team
• Authoring internal research / conviction / market viewpoint papers
• Providing thought leadership and market viewpoint papers to investors as part of the fund raising process and during the life of the fund
• Providing macro analysis to assist with transactions, valuations and portfolio reporting
• Be an ambassador for the business at events, conferences etc and present thought leadership (including on macro, sector, country and responsible investment perspective)
• Work closely with FX overlay team in helping formulate hedging strategies
• Join investment and valuation committees, LPAC meetings, investor AGMs etc
• Anticipate sector trends and early signals in infrastructure and energy, translating them into actionable investment insights.
• Build and maintain strong relationships with regulators, multilaterals and policy institutions to enrich the teams' market intelligence.
• Establish a structured research agenda on digital infrastructure (ie. data centers, fibre, satellites, smart grids).
• Comment on regular geostrategic and regulatory outlooks to anticipate the impact of policy changes (IRA, EU Green Deal, Fit-for-55, etc.).

WHAT YOU'LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organization. We're enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Professional experience

• Around 8-10 years in similar role (Required)

Education

• Advanced degree (Master's or PhD) in Economics, Finance, Engineering, Energy, or any other related field (Required)
• Strong academic background with emphasis on quantitative analysis, infrastructure, and/or energy transition (Required)

Languages

• Written and spoken fluency in English (Required)
• A working knowledge of other languages an advantage (Preferred)

Hard Skills

• Strategic leadership and ability to engage with an investment team in credit and equity . (Required)
• Fundraising experience and LP engagement. (Required)
• Ability to formulate research outlooks on macro infrastructure and specific geographies, sectors and asset classes (Required)
• Ability to translate macro events into investment conviction documents and action. (Required)
• Ability to write clear engaging reports which offer insight and are differentiated (Required)
• Willingness to express and justify views and "take others on the journey" (Required)
• Familiarity with SFDR and ESG-issues and or linked covenants . (Required)
• Excellent communication skills and stakeholder engagement. Ability to engage with investors (Required)
• Skills in hosting webinars, presenting research views publicly (Required)
• Strong ability to anticipate regulatory and geopolitical developments and translate them into investment insights. (Required)

WE VALUE YOUR IMPACT

Your contribution matters, and it's recognized. You can expect a fair, competitive reward package that reflects the impact you create and the value you deliver. But we know rewards go beyond numbers.

• We're enable our teams to go beyond through global opportunities and broad career paths.
• Flexibility that works. Enjoy a hybrid working models-some days remote, some days onsite with your team-along with flexible hours.
• Learning for life. 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 with performance-based bonuses, motivating you to keep growing with us.
• Financial advantages. Benefit from preferential banking terms, special interest rates on loans, life insurance, and more.
• Your health is our priority. Through BeHealthy, our global wellness programme, we promote Holistic wellbeing.
• We know family is everything. That's why we offer childcare support and family-friendly programmes tailored to each life stage.
• Always by your side. Get access to Santander Contigo, our program for employees and their families offering legal, emotional, and administrative advisory services.
• Extra benefits. Gym/WellHub membership, medical centers in some of our facilities, meal subsidy, parking, shuttle service from various points in Madrid, as well as exclusive discounts and offers for Santander employees. And that's only the beginning-we'll tell you more when you join!

We're here to keep you motivated, help you reach your goals, and celebrate your progress, every step of the way.

LOCAL COMPLIANCE

Santander is proud of being an organization where there are equal opportunities regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.

WHAT TO DO NEXT

If this sounds like a role you are interested in, then please apply.

READY TO TAKE THE NEXT STEP IN YOUR JOURNEY?