Markets & AI Modelling - Independent Validation Manager (Model Risk Office)

Locations: Edinburgh, Bristol, Cardiff, Halifax, Leeds

Time Type: Full time

Posted on: Posted Today

End Date: May 29, 2026

Salary Range: £84,051 - £93,390

We support flexible working – click here for more information on flexible working options.

Flexible Working Options: Hybrid Working, Job Share

Job Description Summary:

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.

Some of the activities you'll be involved in:

• Join a dedicated team that independently reviews, analyses, and validates AI/GenAI models.
• Lead independent validation and periodic reviews of GenAI and Agentic models, assessing whether 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.
• Delivering through others by managing and coaching more junior team members.
• Leading model assessment through documentation review, quantitative analysis and development of benchmark models.
• Raise validation challenges/findings with model owners and provide clear, concise, and actionable reporting on validation outcomes to senior members of the team.
• Applying judgement in reviewing and supporting Risk Classifications to enable rapid assessment of model risk.
• Owning the stakeholder relationships for a portfolio of models.
• 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 we’re looking for:

• 3+ years professional experience working in Model Development or Validation with a deep understanding of different model techniques and the use of models in different business areas, including experience with GenAI / Agentic models.
• Ability to lead small scale projects including coaching or supporting other team members, managing competing priorities and demonstrating good judgement.
• Proficiency in Python for model analysis.
• Strong analytical and problem-solving skills, excellent written and verbal communication skills.
• A numerate degree or equivalent experience, for example in Data Science, Statistics, Mathematics, Computer Science or Physics.

And any experience of these would be a plus:

• Experience using AI-specific frameworks or libraries such as PyTorch, TensorFlow, LangChain, LlamaIndex, or similar tools; proficiency in SQL.
• 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.

We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.

This is a place for you:

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 provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

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
• 30 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

Ready for a career where you’ll learn and thrive? Apply today and find out more.

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.