AI Risk Oversight Assistant Manager

Lloyds Banking Group

Leeds

On-site

GBP 85,000 - 110,000

Full time

4 days ago

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Benefits offered by this job

Pension contribution (up to 15%)

Annual bonus (performance-related)

Share schemes (free shares)

Wellbeing initiatives

Generous parental leave policies

Disability-inclusive practices

Job summary

Lloyds Banking Group is expanding its AI Risk Oversight team within the Model Risk Office to strengthen governance across AI lifecycle stages. You will assist risk reviews, help develop assurance controls and communicate findings to stakeholders.

Ideal candidates will have experience in model risk, AI governance or technology risk, with strong collaboration skills and familiarity with regulatory expectations for AI. The role is based in Leeds with on-site responsibilities.

Qualifications

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 to engage cross-functional teams and summarise technical risk findings clearly.
Exposure to risk or governance frameworks in AI or tech domains.
Familiarity with second-line risk functions or oversight roles supporting assurance and regulatory alignment.

Responsibilities

Assist in execution of risk reviews for AI systems across lifecycle stages.
Help develop assurance controls and strengthen AI governance frameworks.
Support cross-functional collaboration and communicate AI risk issues to stakeholders.
Track AI-related regulatory updates and support impact assessments.
Align AI oversight activities with model governance and technology risk processes.

Skills

Model risk

AI governance

Compliance

Technology risk

Cross-functional collaboration

Communication skills

Regulatory alignment

Tools

Vertex AI

LLMOps

Model tracing tools

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.

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.

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 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: