At a Glance
- Tasks: Support AI risk oversight and ensure responsible AI adoption across the Group.
- Company: Join Lloyds Banking Group, a leader in innovative finance.
- Benefits: Enjoy a competitive salary, generous pension, and flexible working options.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
- Why this job: Make a real impact in shaping the future of AI governance.
- Qualifications: Experience in model risk or AI governance and strong communication skills.
The predicted salary is between 48700 - 55000 € per year.
This is a great opportunity for a motivated individual to join the newly created AI Risk Oversight Team within the Model Risk Office (MRO). You’ll support oversight activities for AI and GenAI models across the Group, helping ensure responsible, transparent, and secure AI adoption in alignment with regulatory and internal expectations. MRO will act as the front door for the business to advance their AI ambitions, requiring excellent collaboration with our CCOR teams (e.g., Data Risks, Cyber and Security, Supplier Management, Conduct).
You’ll assist in the execution of risk reviews, help develop assurance controls, and support cross-functional collaboration to strengthen AI governance frameworks, and also be responsible for:
- Supporting oversight reviews on AI systems, helping identify risks and evaluate control effectiveness across lifecycle stages.
- Assisting in monitoring AI system usage and flagging governance gaps or critical issues.
- Contributing to the documentation and communication of AI risk issues to internal stakeholders.
- Tracking AI-related regulatory updates and supporting impact assessments.
- Helping align AI oversight activities with model governance and technology risk processes.
What you’ll need:
- Relevant experience in one or more of the following: model risk, AI governance, Conduct Compliance and Operational Risk, or Technology risk.
- A foundational understanding of AI/ML and GenAI risks across different lifecycle stages (e.g. data use, model outputs, integration, monitoring).
- Good communication 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.
And any experience of these would be really useful:
- Familiarity with security risk concepts: data leakage, prompt injection, adversarial threats.
- 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.
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. We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns.
We also offer a wide-ranging benefits package, which includes:
- 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
- 28 days’ holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies
If you’re excited by the thought of becoming part of our team, get in touch. We’d love to hear from you.
Assistant Manager, AI Risk Oversight (Model Risk Office) in Cardiff employer: Lloyds Bank plc
Lloyds Banking Group is an exceptional employer that champions innovation and inclusivity, offering a dynamic work environment where employees can thrive and grow. With a strong commitment to diversity, equity, and inclusion, the company provides extensive benefits, including a generous pension scheme, flexible working options, and a supportive culture that prioritises employee wellbeing and development. Joining our team means being part of a forward-thinking organisation that empowers you to make a meaningful impact in the financial services sector while enjoying numerous opportunities for personal and professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Manager, AI Risk Oversight (Model Risk Office) in Cardiff
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Lloyds Banking Group. A friendly chat can give you insights and maybe even a referral. Don’t be shy; we all love a good conversation!
✨Tip Number 2
Prepare for the interview by brushing up on your AI knowledge. Make sure you can discuss AI risks and governance confidently. We want to see your passion for the field, so show us you’re ready to dive deep into those topics!
✨Tip Number 3
Practice your communication skills! You’ll need to explain complex ideas clearly, so try explaining AI concepts to a friend or family member. If they get it, you’re on the right track. Remember, we value clear communication!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, you’ll find all the latest opportunities there. Let’s make sure you don’t miss out on your dream job!
We think you need these skills to ace Assistant Manager, AI Risk Oversight (Model Risk Office) in Cardiff
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Assistant Manager role. Highlight your relevant experience in AI governance and model risk, and show us how you can contribute to our team.
Showcase Your Communication Skills:Since this role involves engaging with cross-functional teams, it’s crucial to demonstrate your communication skills. Use clear and concise language in your application to reflect your ability to summarise technical findings effectively.
Highlight Relevant Experience:Don’t forget to mention any exposure you have to risk frameworks or AI tooling. We want to see how your background aligns with the responsibilities of the role, so be specific about your experiences.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our innovative team!
How to prepare for a job interview at Lloyds Bank plc
✨Know Your AI Basics
Make sure you brush up on your understanding of AI and GenAI risks. Familiarise yourself with the lifecycle stages, from data use to model outputs. This will help you articulate your knowledge during the interview and show that you're ready to tackle the challenges in AI Risk Oversight.
✨Showcase Your Communication Skills
Since the role involves engaging with cross-functional teams, practice summarising complex technical risk findings in a clear and concise manner. You might even want to prepare a few examples of how you've effectively communicated risk issues in the past.
✨Understand Regulatory Frameworks
Get to grips with current global AI regulations and compliance trends, like the EU AI Act and GDPR. Being able to discuss these topics will demonstrate your awareness of the regulatory landscape and how it impacts AI governance.
✨Prepare for Scenario Questions
Think about potential scenarios related to AI system usage and governance gaps. Prepare to discuss how you would identify risks and evaluate control effectiveness. This will show your problem-solving skills and readiness to contribute to the Model Risk Office.
