Assistant Manager, AI Risk Oversight

LLOYDS BANKING GROUP; Wales; Hybrid; GBP 55,000 - 62,000; Full time

Job summary

A leading UK banking institution is looking for a motivated individual to join their AI Risk Oversight Team. You will support oversight activities for AI models, ensuring responsible and secure AI adoption. Responsibilities include risk reviews, monitoring usage, and ensuring alignment with governance processes. Candidates should have relevant experience in model risk or AI governance, alongside strong communication skills. This role offers a hybrid working model and a comprehensive benefits package.

Benefits

Generous pension contribution of up to 15%

Annual performance-related bonus

Share schemes including free shares

Discounted shopping

28 days’ holiday plus bank holidays

Wellbeing initiatives and parental leave policies

Qualifications

• Relevant experience in model risk, AI governance, or technology risk.
• Understanding of AI/ML and GenAI risks across lifecycle stages.
• Good communication skills to engage teams and summarise findings.

Responsibilities

• Support oversight reviews on AI systems, identifying risks.
• Monitor AI system usage, flagging governance gaps.
• Document and communicate AI risk issues to stakeholders.

Skills

Model risk

AI governance

Good communication skills

Risk or governance frameworks

Tools

AI tooling

Monitoring platforms

Job description

End date Thursday 12 February 2026

Salary range £55,755 - £61,950

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Agile Working Options Job Share; 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.

And any experience of these would be really useful

• 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.

We also offer a wide-ranging benefits package, which includes:

• 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.