Senior Infrastructure Credit Manager - Alternative Investments in London

Santander is evolving from a global, high-impact brand into a technology-driven organisation, 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.

Santander Alternative Investments (SAI) is the Group's €10bn alternatives platform supported by over €4.4bn in co-investment from Santander Group. This includes private credit, real assets, infrastructure, private equity, and GP stakes. SAI forms part of Santander Asset Management (SAM), a €255bn global asset manager operating across 10 countries across Europe and Latin America and with more than 50 years of experience.

As a Senior Infrastructure Credit Manager within the Targeted Enhanced-Yield Infra Debt Fund, you will play a pivotal role in the sourcing, execution, and management of global infrastructure and energy private credit high-yield investments. You will be expected to independently source and analyse investment opportunities, structure and negotiate transactions, conduct comprehensive financial, ESG, and legal reviews. You will also take responsibility for preparing well-reasoned investment materials and presenting proposals to the fund's Investment Committee.

Working closely with senior management, you will help implement the fund's investment strategy, ensuring disciplined risk management and sustainable long-term value creation. Alongside execution responsibilities, you will contribute to ongoing portfolio monitoring, produce clear and timely investor reporting, and build strong relationships with sponsors, advisors, counterparties, and institutional clients.

To succeed in this role, you will:

• Evaluate investment opportunities in the infrastructure and energy high yield private credit markets, leveraging relationships with companies, advisors, banks, and asset managers across geographies.
• Undertake the preliminary structuring and perform detailed credit, business model, and risk analyses of transactions, taking primary responsibility for drafting and preparing screening materials, investment committee memorandum, and related documentation.
• Conduct comprehensive due diligence processes, including financial modelling, legal reviews, ESG assessments, and analysis of technical, regulatory, and market risks, ensuring robust and well-documented investment recommendations.
• Perform detailed cash flow modelling and cash extraction analysis to evaluate debt service capacity, downside scenarios, and overall investment resilience.
• Drive the execution of approved transactions, leading negotiations of term sheets, financing agreements, and ancillary legal documentation, while coordinating with internal and external stakeholders.
• Implement and monitor Investment Committee decisions across the daily activities of the fund, ensuring timely and accurate execution.
• Actively contribute to the ongoing monitoring of portfolio assets, including performance analysis, covenant compliance, ESG reporting, and financial performance tracking.
• Be actively involved in fund and asset performance reporting to investors, including preparation of regular updates, participation in investor communications, and contribution to NAV calculation and review processes.
• Support the fundraising activity for the fund.
• Collaborate with senior management in the development of new investment strategies and thematic priorities within the infrastructure and energy private credit space.
• Mentor and coach junior colleagues, fostering a high-performance and mission-driven investment culture.

The following requirements represent the knowledge, skills, and abilities essential for success in this role:

• Proven extensive professional experience investing in junior Infrastructure & Energy credit, within an alternative finance provider/asset manager.
• Strong knowledge of Infrastructure & Energy financing and investment, with a proven capacity to structure and manage complex private credit transactions.
• Demonstrated track record in the sourcing, analysis, structuring, and execution of infrastructure junior credit investments.
• Proven ability to conduct comprehensive due diligence and analysis on infrastructure credit investments.
• Experience in overseeing portfolio performance, managing assets, and supporting fund reporting.
• Experience providing support in fundraising processes for infrastructure private credit funds.
• Strong technical expertise in legal, credit, financial and risk analysis, credit structuring and execution for infrastructure credit investments.

A degree in Engineering, Business Administration, Economics, Mathematics, or related disciplines would be advantageous, provided they demonstrate a strong professional track record in infrastructure credit investment within an asset manager. Professional certifications such as CFA, CAIA, or equivalent will be considered highly desirable.

At Santander Asset Management, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return.

As well as competitive salary, we offer a wide range of benefits that you can choose from and tailor to your needs:

• Eligible for a discretionary performance-related annual bonus.
• Hybrid ways of working providing flexibility to work from home 2 days per week (on average).
• We put 15% of salary into your pension, even if you don’t contribute yourself.
• 30 days' holiday plus bank holidays.
• Company funded private medical and dental insurance for you and your family.
• Free access to a range of digital health services, including GP.
• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance.
• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more.
• Voluntary healthcare benefits at discounted rates.
• Wellbeing that goes beyond work.
• Global growth opportunities to shape your career, learn new skills and explore what’s possible across our international network.

At Santander, we’re proud to be an inclusive organisation that provides equal opportunities for everyone. We want our people to thrive — at work and at home — while delivering the best outcomes for our customers and supporting each other to grow.

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