Assistant Manager, AI Risk Oversight

lloyds banking group; Cardiff; Hybrid; GBP 55,000 - 62,000; Full time

Job summary

A leading financial institution is looking for an Assistant Manager for AI Risk Oversight. This role involves supporting oversight activities for AI models, ensuring responsible adoption aligned with regulations. Responsibilities include conducting risk reviews, monitoring AI usage, and addressing governance issues. The ideal candidate will have experience in model risk or AI governance and possess strong communication skills. Hybrid working is available with a competitive salary range of £55,755 - £61,950.

Benefits

Generous pension contribution of up to 15%

Annual performance-related bonus

Share schemes including free shares

Discounted shopping benefits

28 days’ holiday plus bank holidays

Wellbeing initiatives and generous parental leave policies

Qualifications

• Relevant experience in model risk, AI governance, or technology risk.
• Foundational understanding of AI/ML and GenAI risks.
• Good communication skills to engage teams and summarize findings.

Responsibilities

• Support oversight reviews on AI systems and identify risks.
• Assist in monitoring AI system usage and governance gaps.
• Contribute to documentation of AI risk issues.

Skills

Model risk

AI governance

Communication skills

Understanding of AI/ML risks

Risk frameworks

Tools

Vertex AI

Job description

Overview

Job Title: Assistant Manager, AI Risk Oversight (Model Risk Office)

Salary Range: £55,755 - £61,950

Location(s): Halifax, Bristol, Edinburgh, Cardiff and Leeds

Hours: Full-time

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

Flexible Working Options: Hybrid Working

Job Description

About this Opportunity

This is a great opportunity for a motivated individual to join the newly created AI Risk Oversight Team within the Model Risk Office (MRO).

You’ll support oversight activities for AI and GenAI models across the Group, helping ensure responsible, transparent, and secure AI adoption in alignment with regulatory and internal expectations.

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).

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 Lloyds Banking Group

If you think all banks are the same, you’d be wrong. We’re an innovative, fast-changing business that’s shaping finance as a force for good. A bank that’s empowering its people to innovate, explore possibilities and grow with purpose.

What you'll need

• Relevant experience in one or more of the following model risk, AI governance, Conduct Compliance and Operational Risk, 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.

Nice to have

• 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.

About working for us

Our ambition is to be the leading UK business for diversity, equity and inclusion supporting our customers, colleagues and communities, and we’re committed to creating an environment in which everyone can thrive, learn and develop.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.

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 provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

Benefits

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

If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you.

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.