AI Risk Oversight Assistant Manager

Lloyds Banking Group; Halifax; Hybrid; CAD 108,000 - 161,000; Full time

Benefits offered by this job

Pension up to 15%

Annual bonus

Share schemes

Discounts on shopping

30 days holiday

Wellbeing & parental leave

Job summary

Lloyds Banking Group is seeking an AI Risk Oversight Assistant Manager to join the newly formed AI Risk Oversight team within the Model Risk Office. The role involves supporting risk reviews, developing assurance controls and enabling collaboration across risk, data, cyber, and compliance teams.

You will help monitor AI system usage, identify governance gaps, document risk issues, and stay current with regulatory developments.

Qualifications

• Relevant experience in model risk, AI governance, compliance, or technology risk.
• Foundational understanding of AI/ML and GenAI risks across lifecycle stages (data use, model outputs, integration, monitoring).
• Good communication skills with cross-functional teams and ability to summarize risk findings clearly.
• Exposure to risk or governance frameworks in AI or technology domains.
• Familiarity with second-line risk functions or oversight roles supporting assurance, governance, or regulatory alignment.

Responsibilities

• Support oversight reviews on AI systems, helping identify risks and evaluate control effectiveness across lifecycle stages.
• Assist in monitoring AI system usage and flag governance gaps or critical issues.
• Contribute to documentation and communication of AI risk issues to internal stakeholders.
• Track AI-related regulatory updates and support impact assessments.
• Help align AI oversight activities with model governance and technology risk processes.

Skills

Model risk

AI governance

Compliance

Technology risk

Tools

Vertex AI

LLMOps

Model tracing tools

Job description

End Date

Monday 16 November 2026

Salary Range

£57,150 - £63,500

We support flexible working - click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

.

Job Description

Job Title: AI Risk Oversight Assistant Manager

Salary: £57,150.00 - £85,725.00

Locations: Bristol, Halifax, Cardiff, Edinburgh, Leeds

Hours: Full-time

Working Pattern: Our work style is hybrid, which involves spending at least two days per week/ 40% of more of your time, at one of our office sites

Job Description

An excellent opportunity for a highly motivated candidate to join the newly established AI Risk Oversight team within the Model Risk Office [MRO] at Lloyds Banking Group. This role offers an exciting opportunity to be part of a dynamic and constantly evolving AI team, providing considerable scope for personal and professional development.

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).

Our Purpose: Better Models, Better Decisions, Better Outcomes.

About this Opportunity

You’ll assist in the execution of risk reviews, help develop assurance controls, and support cross-functional collaboration to strengthen AI governance frameworks, and also be responsible for:

• 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.

Why join us?

We’re transforming at pace. Investing billions in our people, data and tech to change the way we meet the needs of our 28 million customers. We’re growing, and we’d love you to be part of the journey.

What skills and experience can you bring to the role?

• Relevant experience in model risk, AI governance, compliance, 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.

And any experience of these would be a plus:

• Familiarity with security risk concepts: data leakage, timely 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.

We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply!

This is a place for you

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we 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, which includes:

• 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
• 30 days' holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

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.

We keep your data safe. So, we’ll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We’ll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.

We’re focused on creating a values-led culture and are committed to building