Manager, Markets & AI Modelling

Lloyds Banking Group; Halifax; Hybrid; GBP 81,000 - 92,000; Full time

Job summary

A leading banking institution in the UK seeks a Manager for the Markets & AI Modelling team. This role involves leading the independent validation of models, engaging with various AI use cases, and mentoring junior team members. The ideal candidate will have significant experience in model development or validation, a strong command of Python, and a passion for AI technologies. Join us to contribute to a dynamic team focused on innovation and effective risk management in the financial sector.

Benefits

Generous pension contribution

Annual performance-related bonus

Employee share schemes

Discounted shopping options

30 days' holiday

Wellbeing initiatives

Generous parental leave policies

Qualifications

• Experience working in Model Development or Validation.
• Ability to manage priorities and coach team members.
• Deep understanding of model techniques.

Responsibilities

• Lead independent validation of GenAI and Agentic models.
• Engage in model lifecycle from development to monitoring.
• Raise findings with model owners and report outcomes.

Skills

Model Development or Validation experience

Leadership of small-scale projects

Python proficiency

Strong analytical skills

Excellent communication skills

Education

Numerate degree in Data Science, Statistics, Mathematics, Computer Science or Physics

Tools

AI frameworks (PyTorch, TensorFlow)

SQL

Job description

JOB TITLE: Manager, Markets & AI Modelling - Independent Validation (Model Risk)
SALARY: £81,999 - £91,110
LOCATION: Halifax, Leeds and Edinburgh
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.

About this Opportunity

An excellent opportunity for a highly motivated candidate to join the newly established Markets & AI Modelling team within the Model Risk Office (MRO) at Lloyds Banking Group.

This role offers an exciting opportunity to be part of a dynamic and evolving AI team, providing considerable scope for personal and professional development.

Join a dedicated team that independently reviews, analyses, and validates AI/GenAI models. This helps the Bank adopt innovative technology while managing related risks effectively.

• Lead independent validation and periodic reviews of GenAI and Agentic models, assessing whether models are robust, fair, explainable, and aligned with applicable regulations.
• Engage with a diverse array of use cases, improving your technical expertise across the LBG modelling landscape and throughout the entire model lifecycle, from development to monitoring and maintenance.
• Delivering through others by managing and coaching more junior team members.
• Leading model assessment through documentation review, quantitative analysis and development of benchmark models.
• Raise validation challenges/findings with model owners and provide clear, concise, and actionable reporting on validation outcomes to senior members of the team.
• Applying judgement in reviewing and supporting Risk Classifications to enable rapid assessment of model risk.
• Owning the stakeholder relationships for a portfolio of models.
• Contribute to the improvement of validation frameworks and processes related to AI models.
• Track emerging trends in AI technologies, regulatory requirements, and industry standards, to ensure our practices are aligned with the evolving AI landscape.

Our Purpose: Better Models, Better Decisions, Better Outcomes

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

• Professional experience working in Model Development or Validation with a deep understanding of different model techniques and the use of models in different business areas, including experience with GenAI / Agentic models.
• Ability to lead small scale projects including coaching or supporting other team members, managing competing priorities and demonstrating good judgement.
• Proficiency in Python for model analysis.
• Strong analytical and problem-solving skills, excellent written and verbal communication skills.
• A numerate degree or equivalent experience, for example in Data Science, Statistics, Mathematics, Computer Science or Physics.

And any experience of these would be really useful

• Experience using AI-specific frameworks or libraries such as PyTorch, TensorFlow, LangChain, LlamaIndex, or similar tools; proficiency in SQL.
• Familiarity with cloud AI platforms such as GCP Vertex AI and BigQuery, Azure AI, or similar enterprise-level AI deployment environments.
• Experience or knowledge of regulatory requirements and frameworks relevant to AI, such as the EU AI Act, GDPR, SS1/23, and industry best practice in AI ethics and governance.

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
• 30 days' holiday, with bank holidays on top
• 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. This is a once in a career opportunity to help shape your future as well as ours.

So if you have the skills and you're looking for your next step, we'd love to hear from you!