Lloyds Banking Group
AI Risk Oversight Assistant Manager
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AI Risk Oversight Assistant Manager
End Date: Wednesday 08 July 2026 Salary Range: £57,150 – £63,500 £85,725* (varies upon experience)
Flexible working options: [Hybrid, Job Share] - Click here for more information.
About the Role
The newly established AI Risk Oversight team within the Model Risk Office (MRO) at Lloyds Banking Group is seeking a highly motivated candidate to join a dynamic and rapidly evolving AI governance and risk initiative.
This role is ideal for those passionate about influencing the future of AI governance in financial services, with a focus on risk management, compliance, and collaboration.
Our Purpose: Better Models, Better Decisions, Better Outcomes.
Key Responsibilities
As AI Risk Oversight Assistant Manager, you will play a critical role in:
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Risk oversight and control assurance:
- Supporting oversight reviews of AI systems across stages of their lifecycle.
- Assessing risk identification, evaluating control effectiveness, and flagging governance gaps or issues.
- Monitoring AI system usage to mitigate risks and align with regulatory expectations.
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Cross-functional collaboration:
- Engaging with CCOR teams (e.g., Data Risks, Cyber & Security, Supplier Management, Conduct) to enhance AI safety and governance frameworks.
- Aligning AI oversight with model governance and technology risk processes.
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Risk documentation and stakeholder communication:
- Compiling AI risk assessments and documenting findings for internal stakeholders.
- Conducting updates on AI-related regulatory developments and performing associated impact assessments.
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Future-proofing AI strategy:
- Reporting on technological, ethical, and governance risks faced by AI and GenAI models.
- Working with broader financial governance, control, and model risk teams to implement sustainable oversight.
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What Knowledge and Experience Do You Have?
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Desired experience:
- Work in model risk, AI governance, compliance, or technology risk, preferably within financial services (either front/back office, risk functions, or repetitive "steps versus governance").
- Understanding of AI/ML and generative AI (GenAI) risks, including:
- Data use challenges (e.g., bias, labelling issues)
- Model output reliability
- Integration risks in workflows
- Monitoring approaches (e.g., deterioration signals)
- Ability to translate technical risk findings to non-experts for cross-functional collaboration.
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Pleasant advantages:
- Familiarity with exclude terms such as:
- Security risks: adversarial threats, data leakage
- Global AI regulations (e.g., EU AI Act, GDPR)
- AI tooling & monitoring platforms (Vertex AI, LLMops, model observation tools)
- Ethical AI considerations (fairness, accountability, accountability, and IP risks).
- Familiarity with exclude terms such as:
About Lloyds Banking Group
Lloyds Banking Group is committed to building a future-focused AI governance team that supports the responsible application of AI in financial services. Our purpose is to help Britain prosper.
We work in a hybrid model (at least 2 days per week on-site) with substantial opportunities for personal and collective development.
Salary & Benefits
- Salary: £57,150–£63,500 (up to £85,725 with experience). All benefits conditional on location and relevant offers remain valid.
Core Offer:
✅ Annual performance bonus scheme – aligned with realised value and objectives. ✅ Pension (11% employer contribution) – increasing to 11–15% with age. ✅ Flex Benefits Cash Pot – £1,200+ per year and extra 4% of salary on top of basic pay (subject to market conditions). ✅ Private Health Care with access to bupa/nuffield health. ✅ Share schemes – outstanding long-term rate components, free shares, and match rewards. ✅ 30 days holiday + bank holidays (25 core + discretionary days). ✅ Wellbeing support through app, counselling, and workplace initiatives. ✅ Generous parental leave policies including neonatal bereavement leave and phased returns.
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Culture & Inclusion:
✔️ Flexible working – hybrid models that support work-life balance. ✔️ Reasonable adjustments for neurodiversity, disabilities, and long-term health conditions. ✔️ Diversity & Inclusion – Lloyds is a Stonewall Top 100 Employer, Top 30 Employer for Working Families, Gold Standard Employer (Business Disability Forum), and Top 50 Employer for Women.
Hybrid Working Details
This role operates in a hybrid model. You will be required to spend at least 2 days (40%+) of your time in one of our selected offices.
We believe inclusive practices – let us know if adjustments are needed during the recruitment process.
Making Us Your Next Employer
If you share our passion for building a safer, fairer, and better-regulated AI future, then Lloyds is the place to make it happen.
The role offers unprecedented opportunities to shape AI governance in one of the UK’s largest financial services groups—helping us achieve better outcomes for our customers and the financial ecosystem.
Ready to reimagine banking? Join us.
For further insight: Lloyds Banking Group Careers
Register your CV now.
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