Assistant Manager, AI Independent Validation; Model Risk Office

Job Title:

Assistant Manager, AI Independent Validation (Model Risk Office)
Salary Range: £57,150 - £63,500

Location:

Halifax, Edinburgh or Leeds
Working Pattern:
Hybrid – at least two days per week (40%) at one of our office sites.
End Date:
Sunday 07 June 2026

• Assist with independent validation and periodic reviews of AI and GenAI models, ensuring they are robust, fair, explainable, and aligned with applicable regulations.
• Engage with a diverse array of use cases, improving technical expertise across the LBG modelling landscape and throughout the entire model lifecycle.
• Develop benchmark models and conduct quantitative analysis / recoding, predominantly using Python/GCP.
• Review model documentation to evaluate the soundness of the model and infrastructure, from inputs to use of outputs.
• Raise validation challenges/findings to owners and follow through to resolution.
• Provide clear, concise, and actionable reporting on validation outcomes and AI risk assessments to senior members of the team.
• Apply judgement in reviewing and supporting Risk Classifications to enable rapid assessment of model risk.
• Contribute to the improvement of validation frameworks and processes related to AI models.
• Track emerging trends in AI technologies, regulatory requirements, and industry standards to ensure our practices remain aligned with the evolving AI landscape.

• Professional experience working in AI Model Development / Validation, or a similar quantitative role within financial services or other regulated industries; or a recent relevant PhD.
• A numerate degree or equivalent experience in Data Science, Statistics, Mathematics, Computer Science, or Physics.
• Strong analytical and problem‑solving skills with the ability to critically evaluate complex AI systems and models.
• Excellent written and verbal communication skills, with the ability to convey quantitative concepts clearly to non‑technical customers.
• Ability to work proactively and independently, manage time effectively, and deliver high‑quality outputs within timelines.
• Plus:
  Proficiency in Python programming and experience with AI‑specific frameworks or libraries such as PyTorch, Tensor Flow, Lang Chain, Llama Index, or similar tools.
• Proficiency in SQL.
• Hands‑on experience or strong theoretical knowledge of AI and GenAI techniques and methodologies.
• Familiarity with cloud AI platforms such as GCP Vertex AI, Big Query, Azure AI, or similar enterprise‑level AI deployment environments.
• Experience or knowledge of regulatory requirements relevant to AI, such as the EU AI Act, GDPR, SS1/23, and best practice in AI ethics and governance.

• Generous pension contribution up to 15%
• Annual performance‑related bonus
• Share schemes including free shares
• 28 days’ holiday plus bank holidays
• Wellbeing initiatives
• Generous parental leave policies

We are committed to creating an inclusive workplace that welcomes diversity, equity, and inclusion, and we are a Disability Confident Leader guaranteeing interviews for capable candidates with disabilities or long‑term health conditions.