Assistant Manager, AI Risk Oversight; Model Risk Office

Overview

This is a great opportunity for a motivated individual to join the newly created AI Risk Oversight Team within the Model Risk Office (MRO). You'll support oversight activities for AI and GenAI models across the Group, helping ensure responsible, transparent, and secure AI adoption in alignment with regulatory and internal expectations. 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).

You'll assist in the execution of risk reviews, help develop assurance controls, and support cross-functional collaboration to strengthen AI governance frameworks.

At Lloyds Banking Group, we’re driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you’ll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you’ll have many opportunities to learn, grow and develop.

• Supporting oversight reviews on AI systems, helping identify risks and evaluate control effectiveness across lifecycle stages.
• Assisting in monitoring AI system usage and flagging governance gaps or critical issues.
• Contributing to the documentation and communication of AI risk issues to internal stakeholders.
• Tracking AI-related regulatory updates and supporting impact assessments.
• Helping align AI oversight activities with model governance and technology risk processes.
• Collaborating with cross-functional teams (e.g., Data Risks, Cyber and Security, Supplier Management, Conduct) to strengthen AI governance frameworks.

• Relevant experience in one or more of the following: model risk, AI governance, Conduct Compliance and Operational Risk, or Technology risk.
• A foundational understanding of AI/ML and GenAI risks across different lifecycle stages (e.g., data use, model outputs, integration, monitoring).
• Good communication skills with the ability to engage cross-functional teams and summarise technical risk findings clearly.
• Exposure to risk or governance frameworks applied in AI or technology domains.
• Familiarity with second-line risk functions or oversight roles supporting assurance, governance, or regulatory alignment.
• Familiarity with security risk concepts: data leakage, prompt 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.

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

We keep your data safe. We’ll only ever ask you to provide confidential or sensitive information once you have formally been invited to an interview or accepted a verbal offer to join us, at which point we run our background checks. We’ll explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. We are focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve.

Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.

We were one of the first major organisations to set goals on diversity in senior roles, offer a menopause health package, and a dedicated Working with Cancer Initiative. We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. If you need accommodations, just let us know. We are a Disability Confident Leader and 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 also offer a wide-ranging benefits package, including:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you.