Manager, Markets & AI Modelling & Independent Validation (Model Risk Office)

Lloyds Banking Group; Moor Side; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading UK financial institution seeks a candidate for a role in the AI Modeling team. You will lead the validation of GenAI models and assess their compliance with regulations. Expected qualifications include professional experience in model development/validation and proficiency in Python. Strong analytical skills and a numerate degree are required. This role includes opportunities to coach junior members and engage with various AI use cases, contributing to the bank's innovative technology adoption.

Benefits

Generous pension contribution of up to 15%

Performance-related bonus

Share schemes including free shares

Discounted shopping benefits

30 days' holiday plus bank holidays

Wellbeing initiatives and parental leave policies

Qualifications

• Deep understanding of model techniques and their application in business.
• Experience leading small-scale projects and coaching team members.
• Experience with Generative AI and Agentic models.

Responsibilities

• Lead independent validation of AI models.
• Engage with diverse use cases across the model lifecycle.
• Deliver through others by managing junior team members.

Skills

Leadership

Model Development

Model Validation

Python

Analytical skills

Communication skills

Education

Numerate degree (Data Science, Statistics, Mathematics)

Tools

PyTorch

TensorFlow

SQL

BigQuery

Google Cloud Platform

Job description

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.

Responsibilities

• 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, 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.

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.

Qualifications

• 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.

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
• 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.