Assistant Manager, AI Independent Validation; Model Risk Office

Assistant Manager, AI Independent Validation (Model Risk Office)

Salary: £57,150 - £63,500

Locations:
Bristol, Halifax, Cardiff, Edinburgh or Leeds

Hours:

Full‑time

Join the newly established Markets & AI Modelling team within the Model Risk Office (MRO) at Lloyds Banking Group and play a key role in the independent review, analysis and validation of AI/GenAI models.

Some of the activities you'll be involved in:

• Assist with independent validation and periodic reviews of AI and GenAI models, ensuring models are robust, fair, explainable, and aligned with applicable regulations.
• Engage with a diverse array of use cases, improving your technical expertise across the LBG modelling landscape and throughout the entire model lifecycle, from development to monitoring and maintenance.
• 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 the outputs.
• Raise validation challenges/findings 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 are aligned with the evolving AI landscape.

Join us and you’ll make a difference to customers, enjoy a fulfilling career, and have access to great colleagues, amazing work spaces, hybrid working and huge career opportunities.

• 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, for example 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 an ability to communicate complex quantitative concepts clearly to non‑technical customers.
• Ability to work proactively and independently, manage your time optimally, and deliver high‑quality outputs within set timelines.

• Proficiency in Python programming and experience using 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 and Big Query, Azure AI, or similar enterprise‑level AI deployment environments.
• Experience or knowledge of regulatory requirements and frameworks relevant to AI, such as the EU AI Act, GDPR, SS1/23, and industry best practice in AI ethics and governance.

We are committed to diversity, equity and inclusion, and we provide a supportive environment where everyone can thrive, learn and develop.

• Generous pension contribution of up to 15%
• 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
• Range of wellbeing initiatives and generous parental leave policies

Ready for a career where you’ll learn and thrive? Apply today and find out more.