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

Lloyds Banking Group; West Midlands Combined Authority; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading banking group is looking for an AI Risk Oversight Manager to enhance AI risk oversight activities. The role involves conducting reviews, monitoring AI systems, and collaborating with various teams to ensure regulatory compliance and ethical governance. This position offers a hybrid working pattern and a competitive salary with additional benefits.

Benefits

Annual performance-related bonus

Generous pension contribution

Private health cover

Wellbeing initiatives

Generous parental leave policies

Qualifications

• Experience in model risk, AI governance, compliance, or technology risk.
• Understanding of AI/ML and GenAI risks across lifecycle stages.

Responsibilities

• Conduct oversight reviews on AI systems, ensuring risks are identified.
• Monitor AI system usage and governance gaps.
• Document and communicate AI risk issues to internal committees.

Skills

AI/ML

Compliance

Communication

Tools

AI tooling

Job description

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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.

The Model Risk Office 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).

You'll be responsible for conducting and enhancing AI risk oversight activities covering areas such as regulatory compliance, ethical AI governance, and AI system security risks. You'll work on the strategy, shape risk assessment frameworks, and support business for AI use cases.

You'll also contribute to the design and execution of risk reviews, perform the development of assurance controls, and collaborate with business, tech, and compliance teams to strengthen AI governance frameworks and also be responsible for:

• 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.

What skills and experience can you bring to the role?

• Relevant experience in model risk, AI governance, compliance, or technology risk.
• A proven understanding of AI/ML and GenAI risks across different lifecycle stages (e.g. data use, model outputs, integration, monitoring).
• Strong communication skills with the ability to engage cross-functional teams and summarise technical risk findings clearly.
• Experience applying risk or governance frameworks to in AI.
• 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.

As well as a competitive salary you'll receive:

• An annual performance-related bonus
• Generous pension contribution (of up to 15%)
• Private health cover
• A range of wellbeing initiatives and generous parental leave policies

It is a very exciting time to join LBG. Together we'll continue our market leading, ground-breaking transformation and you'll help us realise the Group's vision to become the Best Bank for Customers. Here, you'll grow as a person and develop your career.

Lloyds Banking Group is committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We're an equal opportunity employer and deeply value diversity within our organisation.

We've gained industry recognition including Stonewall Top 100 Employer, Top 30 Employer for Working Families, Gold Standard 2014 from the Business Disability Forum and Top 50 Employer for Women. We also provide adjustments that are reasonable to reduce or remove barriers for applicants with a disability, long-term health condition or neurodivergent condition. If you'd like an adjustment to the recruitment process just let us know.

This is a once in a career opportunity to help shape your future as well as ours.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Banking

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