Overview

It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and 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. If you are interested in exploring the possibilities We Want to Talk to You! The Difference You Make: The Vice President is a senior credit professional within the Credit Portfolio Management function, responsible for underwriting, structuring, and managing a portfolio of development facilities supporting energy and infrastructure developers. The portfolio includes lending across the development lifecycle, from pre-Notice to Proceed (pre-NTP) through post-NTP construction and stabilization. Transactions may be structured in either of two ways: (i) financing provided directly to a developer platform and supported by its development pipeline, related development rights, and other eligible collateral; and/or (ii) financing provided directly to a ring-fenced project entity and supported by the assets and cash flows of that specific project. Developer-level facilities will typically finance pre-NTP activities, while post-NTP financing will typically be provided at the project level. The successful candidate will evaluate the applicable developer-level or project-level repayment sources, collateral coverage, development milestones, funding controls, and structural protections. The Vice President will serve as a primary credit owner from initial underwriting through ongoing portfolio management, partnering closely with Origination, Coverage, product teams, Risk, Legal, Technical and other diligence functions. The role requires hands-on analytical capability, sound credit judgment, disciplined execution, and the ability to identify and escalate emerging risks across a dynamic development portfolio. Key Responsibilities: Underwriting, Structuring & Credit Ownership Lead the underwriting, structuring, and approval of new development facilities, project-level loans, amendments, extensions, upsizes, refinancings, and annual or interim reviews. Assess developer strategy, management capability, liquidity, capitalization, execution track record, and the quality and diversity of the underlying project pipeline. Evaluate transactions across pre- and post-NTP stages, including development, permitting, interconnection, offtake, construction, funding, and monetization risks. Analyze collateral eligibility, borrowing-base mechanics, advance rates, concentration limits, milestone-based funding conditions, cash controls, and other structural protections. Develop concise credit recommendations that clearly articulate repayment sources, key risks, mitigants, downside cases, and conditions to approval. Serve as a primary credit owner accountable for analytical integrity and completeness throughout the deal lifecycle. Financial Analysis & Modeling Build, review, and challenge developer-level and project-level financial models, including base, downside, sensitivity, liquidity, collateral coverage, and covenant cases. Evaluate projected development expenditures, project monetization proceeds, construction funding needs, interest carry, and repayment timing. Assess pipeline value using appropriate probability weightings, milestone assumptions, project concentrations, and timing sensitivities. Translate commercial, technical, contractual, and execution risks into financial and credit outcomes. Coach junior team members on modeling, diligence, and credit analysis. Risk Management, Execution & Leadership Manage assigned exposures after closing, including covenant compliance, borrowing-base and collateral reporting, milestone achievement, draw requests, annual and interim reviews, am