Markets & AI Modelling - Independent Validation Manager; Model Risk Office

Job Title

Markets & AI Modelling - Independent Validation Manager (Model Risk Office)

Halifax, Edinburgh or Leeds

Full‑time, hybrid working (at least two days per week in an office or 40 % of time).
Support for workplace adjustments, including flexible working, for colleagues with disabilities.

£84,051 – £93,390 per year.

An exciting opportunity to join the newly established Markets & AI Modelling team within the Model Risk Office at Lloyds Banking Group. You will independently review, analyse and validate AI/GenAI models, ensuring they are robust, fair, explainable and compliant with regulations.

• Lead independent validation and periodic reviews of GenAI and Agentic models.
• Engage with diverse use cases, expanding technical expertise across the modelling landscape.
• Deliver through others by managing and coaching junior team members.
• Lead model assessment through documentation review, quantitative analysis and benchmark model development.
• Raise validation challenges and findings with model owners, providing clear, concise, actionable reporting to senior team members.
• Apply judgement when reviewing and supporting risk classifications to enable rapid assessment of model risk.
• Own stakeholder relationships for a portfolio of models.
• Contribute to the improvement of validation frameworks and processes related to AI models.
• Track emerging trends in AI technologies, regulatory requirements and industry standards.

• 3+ years of professional experience in model development or validation, including GenAI/Agentic models.
• Ability to lead small‑scale projects, coach or support team members and manage competing priorities.
• Proficiency in Python for model analysis.
• Strong analytical and problem‑solving skills; excellent written and verbal communication.
• A numerate degree or equivalent experience (Data Science, Statistics, Mathematics, Computer Science, Physics, etc.).

• Experience with AI frameworks or libraries such as PyTorch, Tensor Flow, Lang Chain or Llama Index; proficiency in SQL.
• Familiarity with cloud AI platforms (GCP Vertex AI, Big Query, Azure AI, etc.).
• Knowledge of regulatory frameworks relevant to AI (EU AI Act, GDPR, SS1/23) and industry best practice in AI ethics and governance.

• Generous pension contribution up to 15 %.
• Annual performance‑related bonus.
• Share schemes and free shares.
• Flexible benefits such as discounted shopping.
• 30 days holiday plus bank holidays.
• Well‑being initiatives and generous parental leave policies.

We are committed to creating an inclusive workplace where everyone can thrive, learn, and develop. We offer reasonable workplace adjustments for colleagues with disabilities and are a Disability Confident Leader, guaranteeing interviews for qualified applicants with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme.

Lloyds Banking Group is an equal‑opportunity employer. All qualified applicants are considered for employment without regard to race, ethnicity, sex, gender, sexual orientation, disability, or any other protected characteristic.