Hybrid Assistant Manager – AI Risk Oversight, Model Risk Office

at Lloyds Banking Group

• Job title: Assistant Manager – AI Risk Oversight, Model Risk Office
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: £55,755 - £61,950 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Edinburgh, United Kingdom

About the role

• Join AI Risk Oversight Team at Lloyds Banking Group supporting responsible AI governance and oversight activities across the organization.

Responsibilities

• Supporting oversight reviews on AI systems, helping identify risks and evaluate control efficiency across lifecycle stages.
• Assisting in supervising AI system usage and flagging governance gaps or critical issues.
• Supplying to the documentation and communication of AI risk issues to internal stakeholders.
• Supervising AI-related regulatory updates and supporting impact assessments.
• Helping align AI oversight activities with model governance and technology risk processes.

Requirements

• Proven experience in one or more of the following AI governance, second line risk, CCOR, technology risk or model risk.
• A foundational understanding of AI/ML and GenAI risks across different lifecycle stages (e.g. data use, model outputs, integration, monitoring).
• Good social skills with the ability to engage cross-functional teams and summarise technical risk findings clearly.
• Exposure to risk or governance frameworks applied in AI or technology domains.
• Familiarity with second-line risk functions or oversight roles supporting assurance, governance, or regulatory alignment.
• Familiarity with security risk concepts: data leakage, timely injection, adversarial threats (any experience of these would be a plus).
• Knowledge of global AI regulations and compliance trends (e.g. EU AI Act, GDPR).
• Exposure to AI tooling or monitoring platforms (e.g. Vertex AI, LLMOps, model tracing tools).
• Exposure to ethical AI topics such as fairness, accountability, and IP risk.

Benefits

• An annual performance-related bonus
• Generous pension contribution (of up to 15%)
• A flex benefits cash pot you can adjust to suit your lifestyle (4% on top of your basic salary)
• Private health cover
• Share schemes
• 28 days holiday plus bank holidays
• A range of wellbeing initiatives and generous parental leave policies