Senior Risk Manager - AI Model Risk
Posted 15 days ago
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Lead independent oversight and validation of AI models (including machine learning, Generative AI and Agentic AI) across Insurance, Pensions & Investments. Shape and strengthen the Group AI Assurance Framework, provide expert challenge on emerging AI risks, and contribute in governance forums. Build cross-functional relationships, advise on regulatory developments, and support the Head of Model Risk Management while developing the team.
- Compensation
- £90,440 – £106,400 GBP
- City
- Edinburgh
- Country
- United Kingdom
Currency: £ (GBP)
Full Job Description
End Date
Friday 06 February 2026Salary Range
£90,440 - £106,400We support flexible working – click here for more information on flexible working options
Flexible Working Options
Hybrid Working, Job ShareJob Description Summary
Join us as a Senior Risk Manager specialising in AI model risk. You’ll lead independent oversight of AI models, shape our AI Assurance Framework, and provide expert challenge across high‑profile initiatives in Insurance, Pensions & Investments. This role offers significant exposure to senior leaders and a chance to influence how responsible AI is delivered across the Group.Job Description
We’re looking for a Senior Risk Manager to lead independent oversight of AI models, including machine learning, Generative AI and Agentic AI, across our IP&I business. You’ll provide expert challenge on emerging AI risks, influence the design of safe and responsible AI systems, and help embed high‑quality controls that protect customers and the Group. You’ll play a visible role in governance forums including the AI Assurance Forum and GenAI Control Tower, and deputise for the Head of Model Risk Management.
WHAT YOU’LL BE DOING
• Lead independent validation and risk opinions for complex AI models.
• Strengthen AI controls and shape the Group AI Assurance Framework.
• Participate in key governance forums.
• Provide advice on regulatory developments.
• Build strong relationships across risk, actuarial, data and technical teams.
• Actively contribute to the upskilling and professional development of team members.
• Support and deputise for the Head of Model Risk Management.
WHAT YOU’LL BRING
• Deep understanding of AI risks and lifecycle.
• Technical expertise in AI methodologies.
• Ability to communicate technical issues clearly.
• Strong judgement and ethical standards.
• Experience in risk management for financial services.
• Excellent communication skills.
• Collaborative working style.
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. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person.
We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.
