This role pays less than
96%
of similar roles. Most pay
$138,787–$211,400
— the shaded band above.
At the midpoint, this role pays about
$90k
versus about
$175k
for comparable roles.
Based on 240 similar postings.
Employer
About Santander
Santander is one of the world''s largest banks headquartered in Spain, providing retail, commercial, and investment banking services to individuals, small businesses, and large corporations in Europe, the Americas, and beyond. Industry: Banking & Financial Services
The Associate, Model Development role at Santander involves supervising the creation and maintenance of complex empirical models, including credit scoring models, for nonprime auto lending. This highly quantitative position requires hands-on data analysis skills and the ability to summarize findings for internal and external stakeholders. The ideal candidate will use SAS and R to develop robust datasets from various sources, apply statistical techniques to analyze trends, and ensure compliance with regulatory standards such as SR 11-07. They must have a strong background in financial services, particularly indirect subprime auto lending, and experience with logistic regression, neural networks, and SQL. The role also involves liaising with IT teams and mentoring junior statisticians, requiring excellent communication skills to translate technical insights into actionable business strategies.