Lloyds Banking Group
AI Risk Oversight Assistant Manager
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End Date Wednesday 08 July 2026
Salary Range £57,150 - £63,500 (covers majority of roles) (Competitive salary of £57,150 - £85,725 dependent upon experience, as stated separately in job title section)
Working Flexibility We support flexible working: 🔹 Hybrid Working 🔹 Job Share
AI Risk Oversight Assistant Manager
Model Risk Office (MRO) | AI Risk Oversight Team Lloyds Banking Group
Staying ahead with AI Risk Oversight.
Key Facts
- Location: Halifax, Cardiff, Edinburgh, Leeds
- Hours: Full-time
- Working Pattern: Hybrid (at least two days/week (40%+) spent on-site)
- End Date: 08 July 2026 (part of graduate programme, permanent roles available as role matures)
Why Join Us
An exciting opportunity to join Lloyds Banking Group’s newly established AI Risk Oversight team within Model Risk Office (MRO). As the business grows its AI ambitions, MRO serves as the primary interface for risk stewardship. Collaborating with CCOR (Chief Customer Office Risk) teams, you’ll play a pivotal role in shaping AI governance with impact across: 🔸 Data Risk 🔸 Cyber Security 🔸 Supplier Management 🔸 Conduct Risk
Our purpose—better models, better decisions, better outcomes—is your guiding framework.
The Opportunity: Key Responsibilities
Supporting AI’s responsible progression:
-
AI Governance & Risk Oversight Assurance:
- Execute risk reviews on emerging AI systems.
- Assess risks and validate control effectiveness across AI lifecycle stages.
-
Monitoring & Reporting:
- Monitor AI usage and identify governance gaps and critical issues early.
- Report AI risk insights to internal stakeholders with clarity and impact.
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- Compliance & Alignment:
- Track AI regulatory updates and deliver impact assessments.
- Ensure alignment with model governance and technology risk frameworks.
Requirements
Foundational Qualifications & Experience:
✔ Model Risk, Compliance, or Technology Risk Understanding (particularly in AIspace).
✔ Awareness of AI/ML Generative AI (GenAI) Risks—spanning: 🔹 Data Risks (usage, leakage) 🔹 Model Output Risks (interpretability, fairness) 🔹 Monitoring Insights
✔ Ability to engage cross-functionally and translate technical risks across teams.
✔ Exposure to Risk or Governance Frameworks: particularly second-line functions.
✔ Familiarity with Global AI Regulations: EU AI Act, GDPR, etc.
(Strong Consideration will be Given) – Bonus Criteria:
🆚 Security Risk Know-how: Data leakage, adversarial threats.
🆚 AI Tooling & Monitoring Skills: Platform experience (Vertex AI, LLMOps) or model-tracing tools.
🆚 Ethical AI Exposure: Topics including fairness, explainability (APEX), and Intellectual Property risks.
Diverse Rewards Beyond Salary
For transforming AI into trustworthy technologies.
📊 Performance-Related Bonus 💼 Pension Contribution (15%) ⚡ Flex Benefits Cash Pot 🏥 Private Health Cover 📈 Share schemes 📅 28+ Days Holiday + Bank Holidays
✨ Plus access to a range of Employee Wellbeing Initiatives and laundry-list inclusive policies.
Work Culture & Inclusion
Commitment to helping you thrive:
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🤝 Hybrid flexibility encompasses two/three days office and 2-3 days virtual.
🌐 Adjustments are available for applicants with disabilities, long-term health conditions, or neurodivergence—just ask.
💡 Core Values Statement: We're an equal opportunity employer where diversity is celebrated. A modern team reporting to MRO, you can expect a values-driven culture which reflects our customers and communities.
Credentials & Recognition:
_Positioned as a pioneer in inclusivity:*
🏆 Stonewall Top 100 Employer 👨👩👧👦 Top 30 Employers for Working Families 🤝 Gold Standard (Disability Inclusion, 2014) 👩💻 Top 50 Employer for Women
Shape Your Future With Us
This is a career-defining opportunity. As the AI Risk Oversight team matures, you’ll have a stake in steering the direction of responsible AI adoption—balancing innovation with adherence to red flags.
At Lloyds Banking Group, our mission—to help Britain prosper—resonates. Join 40,000 colleagues across the UK driving financial solutions. Basketball courts, art exhibits, and £5k**house purchase assistance are just a taste of what’s to come.
A lifetime of growth, connection, and measurable impact awaits.
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Your data is safeguarded. We only collect personal/confidential details post-interview or verbal offer stage when conducting background checks—**always with transparency and consent.**Request adjustments to the recruitment process if you face barriers—we’re committed to building accessibility for all.
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