Lloyds Banking Group

Assistant Manager – AI Risk Oversight, Model Risk Office

Lloyds Banking Group

full-time

Posted on:

Location Type: Hybrid

Location: Edinburgh • United Kingdom

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Salary

💰 £55,755 - £61,950 per year

About the role

  • Supporting oversight reviews on AI systems, helping identify risks and evaluate control efficiency across lifecycle stages.
  • Assisting in supervising AI system usage and flagging governance gaps or critical issues.
  • Supplying to the documentation and communication of AI risk issues to internal stakeholders.
  • Supervising AI-related regulatory updates and supporting impact assessments.
  • Helping align AI oversight activities with model governance and technology risk processes.

Requirements

  • Proven experience in one or more of the following AI governance, second line risk, CCOR, technology risk or model risk.
  • A foundational understanding of AI/ML and GenAI risks across different lifecycle stages (e.g. data use, model outputs, integration, monitoring).
  • Good social 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, timely injection, adversarial threats (any experience of these would be a plus).
  • 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.
Benefits
  • An annual performance-related bonus
  • Generous pension contribution (of up to 15%)
  • A flex benefits cash pot you can adjust to suit your lifestyle (4% on top of your basic salary)
  • Private health cover
  • Share schemes
  • 28 days holiday plus bank holidays
  • A range of wellbeing initiatives and generous parental leave policies
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
AI governancesecond line risktechnology riskmodel riskAI/ML risksdata usemodel outputsintegrationmonitoringsecurity risk concepts
Soft Skills
social skillsengagementcommunicationsummarizationcross-functional collaboration