Markets & AI Modelling - Independent Validation Team - Model Risk Office – Assistant Managers

Lloyds Banking Group; Cardiff; Hybrid; GBP 45,000 - 70,000; Full time

Job summary

Join Lloyds Banking Group as an Assistant Manager in the Markets & AI Modelling team. This role involves reviewing and validating AI models, improving skills in a dynamic team. Shape the future of financial services by managing innovative AI projects while benefiting from generous career development opportunities.

Benefits

Annual performance-related bonus

Generous pension contribution (up to 15%)

Private health cover

Share schemes

28 days holiday plus bank holidays

Wellbeing initiatives and generous parental leave policies

Qualifications

• Professional experience in AI Model Development/Validation or a PhD.
• Ability to manage time effectively and deliver quality outputs.
• Strong analytical skills to evaluate complex AI systems.

Responsibilities

• Assist with validation and reviews of AI/GenAI models.
• Develop benchmark models and conduct quantitative analysis.
• Report validation outcomes and AI risk assessments to senior members.

Skills

Analytical Skills

Problem-Solving

Communication

Education

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

Tools

Python

SQL

GCP

PyTorch

TensorFlow

Job description

End Date

Salary Range

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: Assistant Manager - Markets & AI Modelling
LOCATIONS: Birmingham, Leeds, Halifax, Edinburgh, Cardiff, Bristol or Cardiff
HOURS: Full Time
WORKING PATTERN: Hybrid, 40% (or two days) in an office site.

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.

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

Job Description

You will join a dedicated team responsible for the independent review, analysis and validation of AI/GenAI models, empowering the Bank to embrace innovative technology while efficiently handling associated risks. In addition:

• Assist with independent validation and periodic reviews of AI and GenAI models, ensuring 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.
• Develop benchmark models and conduct quantitative analysis / recoding, predominantly using Python/GCP.
• Review model documentation to evaluate the soundness of the model and infrastructure, from inputs to use of the outputs.
• Raise validation challenges/findings owners and follow through to resolution.
• Provide clear, concise, and actionable reporting on validation outcomes and AI risk assessments to senior members of the team.
• 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.
  

What skills and experience can you bring to the role?

• Professional experience working in AI Model Development / Validation, or a similar quantitative role within financial services or other regulated industries; or a recent relevant PhD.
• A numerate degree or equivalent experience, for example in Data Science, Statistics, Mathematics, Computer Science or Physics.
• Strong analytical and problem-solving skills with the ability to critically evaluate complex AI systems and models.
• Excellent written and verbal communication skills, with an ability to communicate complex quantitative concepts clearly to non-technical customers.
• Ability to work proactively and independently, manage your time optimally, and deliver high-quality outputs within set timelines.
  

And any experience of these would be a plus:

• Proficiency in Python programming and experience using AI-specific frameworks or libraries such as PyTorch, TensorFlow, LangChain, LlamaIndex, or similar tools; proficiency in SQL.
• Hands-on experience or strong theoretical knowledge of AI and GenAI techniques and methodologies.
• 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.
  

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

• An annual performance-related bonus
• Generous pension contribution (of up to 15%)
• Private health cover
• Share schemes
• 28 days holiday plus bank holidays
• 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!

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 just let us know.

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.