AI Risk Oversight Manager - Markets & AI Modelling - Model Risk Office

Lloyds Bank plc; Birmingham; Hybrid; GBP 81,000 - 101,000; Full time

Job summary

A leading financial institution is seeking an AI Risk Oversight Manager to join their Markets & AI Modelling team. The role involves overseeing AI systems, ensuring compliance with regulations, and managing risks throughout their lifecycle. The successful candidate will engage with cross-functional teams and contribute to the development of AI governance frameworks. This position offers hybrid working options and a competitive salary package, including benefits such as a performance-related bonus and generous pension contributions.

Benefits

Annual performance-related bonus

Generous pension contribution (up to 15%)

Private health cover

Share schemes

30 days holiday plus bank holidays

Wellbeing initiatives and parental leave policies

Qualifications

• Experience in model risk, AI governance, or technology risk.
• Strong communication skills for cross-functional engagement.

Responsibilities

• Conduct oversight reviews on AI systems and monitor governance gaps.
• Document and communicate AI risk issues to internal committees.

Skills

Model Risk

AI Governance

Compliance

Technology Risk

Communication

Tools

Vertex AI

LLMOps

Job description

AI Risk Oversight Manager - Markets & AI Modelling - Model Risk Office

Apply locations

Birmingham X and Y Foundry Building 6 Brindley Place Bristol Cardiff Edinburgh Halifax

Time type

Full time

Posted on

Posted Yesterday

Application deadline

End Date: May 29, 2025 (12 days left to apply)

Job requisition ID

134886

End Date

Wednesday 28 May 2025

Salary Range

£0 - £0

Flexible working options

Hybrid Working, Job Share

Job Description Summary

JOB TITLE: AI Risk Oversight Manager

SALARY: £81,999 - £100,221

LOCATIONS: Birmingham, Leeds, Halifax, Edinburgh, Cardiff, Bristol or Cardiff

HOURS: Full Time

WORKING PATTERN: Hybrid, 40% (or two days) in an office site.

We have an exciting opportunity for an experienced candidate to join the Markets & AI modelling team within the Model Risk Office as Manager, in the newly established AI Risk Oversight Team at Lloyds Banking Group.

Job Responsibilities

• Conduct oversight reviews on AI systems, ensuring risks are identified and controls are in place across lifecycle stages.
• Monitor and assess AI system usage, governance gaps, and critical issues handling.
• Contribute to documenting and communicating AI risk issues to internal committees and regulators.
• Monitor AI-related regulatory updates and assess their implications.
• Perform alignment between AI oversight, model governance, and technology risk.

Skills and Experience

• Relevant experience in model risk, AI governance, compliance, or technology risk.
• A proven understanding of AI/ML and GenAI risks across different lifecycle stages.
• Strong communication skills with the ability to engage cross-functional teams and summarise technical risk findings clearly.
• Experience applying risk or governance frameworks to AI.
• Familiarity with second-line risk functions or oversight roles supporting assurance, governance, or regulatory alignment.

Additional Preferred Experience

• 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.

Benefits

• Annual performance-related bonus
• Generous pension contribution (up to 15%)
• Private health cover
• Share schemes
• 30 days holiday plus bank holidays
• Wellbeing initiatives and parental leave policies

Company Culture & Values

Join Lloyds Banking Group during an exciting time of transformation. Grow personally and professionally while helping to shape the future of financial services.

We are committed to diversity, inclusion, and equal opportunity, providing adjustments for applicants with disabilities or neurodivergent conditions.

Additional Information

This is a unique opportunity to make a significant impact and advance your career in AI risk management.