Assistant Manager, AI Independent Validation (Model Risk Office)
Salary: £57,150 - £63,500
Locations: Bristol, Halifax, Cardiff, Edinburgh or Leeds
Hours: Full‑time
What you’ll be doing!
Join the newly established Markets & AI Modelling team within the Model Risk Office (MRO) at Lloyds Banking Group and play a key role in the independent review, analysis and validation of AI/GenAI models.
Some of the activities you'll be involved in:
* Assist with independent validation and periodic reviews of AI and GenAI models, ensuring 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.
* Develop benchmark models and conduct quantitative analysis / recoding, predominantly using Python/GCP.
* Review model documentation to evaluate the soundness of the model and infrastructure, from inputs to use of the outputs.
* Raise validation challenges/findings and follow through to resolution.
* Provide clear, concise, and actionable reporting on validation outcomes and AI risk assessments to senior members of the team.
* Apply judgement in reviewing and supporting Risk Classifications to enable rapid assessment of model risk.
* 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.
Why join us?
Join us and you’ll make a difference to customers, enjoy a fulfilling career, and have access to great colleagues, amazing workspaces, hybrid working and huge career opportunities.
What we’re looking for?
* Professional experience working in AI Model Development / Validation, or a similar quantitative role within financial services or other regulated industries; or a recent relevant PhD.
* A numerate degree or equivalent experience, for example in Data Science, Statistics, Mathematics, Computer Science or Physics.
* Strong analytical and problem‑solving skills with the ability to critically evaluate complex AI systems and models.
* Excellent written and verbal communication skills, with an ability to communicate complex quantitative concepts clearly to non‑technical customers.
* Ability to work proactively and independently, manage your time optimally, and deliver high‑quality outputs within set timelines.
And any experience of these would be a plus:
* Proficiency in Python programming and experience using AI‑specific frameworks or libraries such as PyTorch, TensorFlow, LangChain, LlamaIndex, or similar tools; proficiency in SQL.
* Hands‑on experience or strong theoretical knowledge of AI and GenAI techniques and methodologies.
* 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.
This is a place for you:
We are committed to diversity, equity and inclusion, and we provide a supportive environment where everyone can thrive, learn and develop.
We also offer a wide‑ranging benefits package, which includes:
* Generous pension contribution of up to 15%
* 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
* 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.
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