Manager, Markets & AI Modelling - AI Risk Oversight; MRO

End Date Sunday 28 December 2025

Salary Range £81,999 - £91,110

Flexible Working Options Hybrid Working, Job Share

JOB TITLE:

Manager, Markets & AI Modelling - AI Risk Oversight (MRO)

SALARY: £81,999 - £91,110

LOCATION(S):
Halifax, Birmingham, Bristol, Cardiff, Edinburgh and Leeds

HOURS:

Full-time

WORKING PATTERN:
Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

We have an exciting opportunity for an experienced AI Risk Oversight candidate to join the Markets & AI Modelling team within the Model Risk Office [MRO] as Manager, in the newly established AI Risk Oversight Team at Lloyds Banking Group.

You’ll contribute to the design and execution of risk reviews, perform the development of assurance controls, and collaborate with business, tech, and compliance teams to strengthen AI governance frameworks and also:

• Conduct oversight reviews on AI systems, ensuring risks are identified and controls are in place across lifecycle stages.
• Monitor and assess AI system usage, governance gaps, and critical issues handling.
• Contribute to documenting and communicating AI risk issues to internal committees and regulators.
• Monitor AI-related regulatory updates and assess their implications.
• Perform alignment between AI oversight, model governance, and technology risk.
• Provide insightful, high quality analysis, advice and guidance in a specific area of risk, executing control and tailored to senior stakeholder needs. May lead a team of risk specialists and deputise for more senior colleagues.
• You’ll work on the strategy, shape risk assessment frameworks, and support business for AI use cases.

MRO will act as the front door for the business to advance their AI ambitions, requiring excellent collaboration with our CCOR teams (e.g., Data Risks, Cyber and Security, Supplier Management, Conduct).

Why Lloyds Banking Group

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone. Including you.

• Relevant experience in model risk, AI governance, compliance, or technology risk.
• A proven understanding of AI/ML and GenAI risks across different lifecycle stages (e.g. data use, model outputs, integration, monitoring).
• Strong communication skills with the ability to engage cross-functional teams and summarise technical risk findings clearly.
• Experience applying risk or governance frameworks to in AI.
• Familiarity with second-line risk functions or oversight roles supporting assurance, governance, or regulatory alignment.

• Familiarity with security risk concepts: data leakage, timely injection, adversarial threats.
• Knowledge of global AI regulations and compliance trends (e.g. EU AI Act, GDPR).
• Exposure to AI tooling or monitoring platforms (e.g. Vertex AI, LLMOps, model tracing tools).
• Exposure to ethical AI topics such as fairness, accountability, and IP risk.

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

• A generous…