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

Lloyds Banking Group; Bristol; Hybrid; GBP 104,000 - 141,000; Full time

Job summary

A leading bank seeks an AI Risk Oversight Senior Manager to lead a team ensuring the responsible use of AI across the organization. The role involves managing AI risk oversight activities, collaborating with various teams, and shaping risk assessment frameworks. Ideal candidates will have proven leadership in model risk, strong communication skills, and a deep understanding of AI risks. This position offers a competitive salary and benefits in a hybrid working environment.

Benefits

Annual performance-related bonus

Generous pension contribution

Private health cover

Share schemes

30 days holiday plus bank holidays

Wellbeing initiatives

Generous parental leave policies

Qualifications

• Proven leadership experience in model risk or compliance.
• Deep understanding of AI/ML and GenAI risks.
• Experience designing risk frameworks for AI.

Responsibilities

• Lead oversight of AI/GenAI deployment focusing on security and compliance.
• Coordinate AI risk reviews across the model lifecycle.
• Engage senior stakeholders for AI risk responses.

Skills

Leadership

Communication

AI Governance

Regulatory Compliance

Risk Management

Tools

Vertex AI

LLMOps

Job description

End Date

Wednesday 28 May 2025

Salary Range

£0 - £0

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

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

JOB TITLE: AI Risk Oversight Senior Manager
SALARY: £104,686 - £123,160 (outside of London), £119,034 - £140,040 (inside London)
LOCATIONS: Birmingham, London, Leeds, Halifax, Bristol, Cardiff or Edinburgh
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 Model Risk Office as Senior Manager in the newly established AI Risk Oversight Team at Lloyds Banking Group. You’ll lead a team focused on overseeing the responsible use of AI and GenAI across the Group, ensuring alignment with regulatory expectations and internal governance frameworks.

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).

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

Job Description

You’ll be responsible for managing and enhancing AI risk oversight activities covering areas such as regulatory compliance, ethical AI governance, and AI system security risks. You’ll set strategy, shape risk assessment frameworks, and support assurance functions for AI use cases. You will also be responsible for:

• Lead the Group’s oversight of AI/GenAI deployment, with a focus on transparency, fairness, security, and regulatory alignment.
• Coordinate AI risk reviews across the model lifecycle, covering risk identification, control design, regulatory readiness, and technical oversight.
• Shape and maintain AI oversight methodologies, policies, and assurance processes.
• Assess governance coverage across AI components: data, model, UI, hosting, and integrations.
• Engage senior stakeholders to coordinate AI risk responses and escalations.
• Drive improvements in AI risk classification, control frameworks, and mitigation approaches.
• Keep the team and stakeholders informed on emerging regulations (e.g. EU AI Act, FCA SS1/23) and AI risk trends.

What skills and experience can you bring to the role?

• Proven leadership experience in model risk, AI governance, technology risk, or compliance in a complex regulated environment.
• A deep understanding of AI/ML and GenAI risks across lifecycle phases (e.g. data handling, validation, monitoring, security).
• Strong communication skills to influence senior stakeholders, including presenting to risk committees.
• Experience designing or applying risk frameworks to AI technologies.
• Track record in leading risk or oversight teams within a 1stand/or 2nd Line of Defence context.

And any experience of these would be a plus:

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

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.

As well as a competitive salary (depend ent upon experience) you’ll receive:

• An annual performance-related bonus
• Generous pension contribution (of up to 15%)
• Private health cover
• Share schemes
• 30 days holiday plus bank holidays
• A range of wellbeing initiatives and generous parental leave policies

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 throughout the recruitment process 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.

Join us and grow with purpose - This is a once in a career opportunity to help shape your future as well as ours.

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 a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.