At a Glance
- Tasks: Support AI risk oversight and evaluate control effectiveness across various lifecycle stages.
- Company: Join Lloyds Banking Group's dynamic AI Risk Oversight team.
- Benefits: Competitive salary, performance bonuses, generous pension, and private health cover.
- Other info: 28 days holiday, wellbeing initiatives, and a commitment to diversity and inclusion.
- Why this job: Be part of an evolving AI team and make impactful decisions.
- Qualifications: Experience in AI governance or model risk with strong communication skills.
The predicted salary is between 15000 - 85725 £ per year.
An excellent opportunity for a highly motivated candidate to join the newly established AI Risk Oversight team within the Model Risk Office (MRO) at Lloyds Banking Group. This role offers an exciting opportunity to be part of a dynamic and constantly evolving AI team, providing considerable scope for personal and professional development. 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). Our Purpose: Better Models, Better Decisions, Better Outcomes.
Responsibilities:
- Support oversight reviews on AI systems, helping identify risks and evaluate control effectiveness across lifecycle stages.
- Assist in monitoring AI system usage and flag governance gaps or critical issues.
- Contribute to documentation and communication of AI risk issues to internal stakeholders.
- Track AI-related regulatory updates and support impact assessments.
- Help align AI oversight activities with model governance and technology risk processes.
Qualifications:
- Relevant experience in model risk, AI governance, compliance, or technology risk.
- 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.
Additional Experience (plus):
- Familiarity with security risk concepts: data leakage, timely 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.
Competitive Salary and Benefits:
- Annual performance-related bonus
- Generous pension contribution (up to 15%)
- Flex benefits cash pot (4% on top of basic salary)
- Private health cover
- Share schemes
- 28 days holiday plus bank holidays
- Wellbeing initiatives and generous parental leave policies
Accessibility and Inclusion:
We provide reasonable adjustments to reduce or remove barriers for applicants with a disability, long-term health condition or neurodivergent condition. Let us know if you need an adjustment to the recruitment process. Lloyds Banking Group is committed to building a workforce that reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all colleagues can be themselves and succeed on merit. We are an equal opportunity employer and deeply value diversity.
AI Risk Oversight Assistant Manager employer: Lloyds Banking Group
Lloyds Banking Group is an exceptional employer, offering a vibrant work culture that fosters collaboration and innovation within the newly established AI Risk Oversight team. With competitive salaries, generous benefits including a substantial pension contribution and private health cover, as well as a strong commitment to employee growth and inclusivity, this role in Halifax, Cardiff, Edinburgh, or Leeds provides a unique opportunity to contribute to meaningful AI governance while advancing your career in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land AI Risk Oversight Assistant Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Lloyds Banking Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace AI Risk Oversight Assistant Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Lloyds Banking Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Lloyds Banking Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Lloyds Banking Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Lloyds Banking Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Lloyds Banking Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Lloyds Banking Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
