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

Lloyds Bank plc; City of Edinburgh; Hybrid; GBP 81,000 - 92,000; Full time

Job summary

A major banking institution based in the UK is seeking a Manager for Markets & AI Modelling in its Model Risk Office. The role involves leading independent validation of AI models, requiring strong experience in model development and proficiency in Python. You will manage stakeholder relationships and improve validation frameworks while engaging in a hybrid working environment that promotes flexibility. This position offers a competitive salary in the range of £81,999 to £91,110.

Benefits

Generous pension contribution (up to 15%)

Annual performance-related bonus

30 days' holiday plus bank holidays

Wide-ranging benefits adaptable to lifestyle

Qualifications

• Deep understanding of model techniques and their use in business areas.
• Experience with GenAI and Agentic models.
• Ability to lead projects and support team members.

Responsibilities

• Lead independent validation and periodic reviews of GenAI models.
• Manage stakeholder relationships for a portfolio of models.
• Track emerging trends in AI technologies.

Skills

Professional experience in Model Development or Validation

Proficiency in Python

Analytical and problem-solving skills

Excellent written and verbal communication

Education

Numerate degree in Data Science, Statistics, Mathematics, Computer Science, or Physics

Tools

AI-specific frameworks like PyTorch or TensorFlow

SQL

Cloud AI platforms (e.g., GCP, Azure AI)

Job description

Manager, Markets & AI Modelling - Independent Validation (Model Risk Office) page is loaded## Manager, Markets & AI Modelling - Independent Validation (Model Risk Office)locations: Halifax: Edinburgh New Uberior House Head Office: Leeds Wellington Placetime type: Full timeposted on: Posted 2 Days Agotime left to apply: End Date: January 24, 2026 (12 days left to apply)job requisition id: 148075**End Date**Friday 23 January 2026**Salary Range**£81,999 - £91,110**Flexible Working Options**Hybrid Working, Job Share**Job Description Summary**JOB TITLE: Manager, Markets & AI Modelling - Independent Validation (Model Risk) SALARY: £81,999 - £91,110 LOCATION: Halifax, Leeds and Edinburgh HOURS: Full-time WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.**Job Description****About this Opportunity**Join a dedicated team that independently reviews, analyses, and validates AI/GenAI models. This helps the Bank adopt innovative technology while managing related risks effectively.* 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.**Our Purpose: Better Models, Better Decisions, Better Outcomes****Why Lloyds Banking Group**If you think all banks are the same, you’d be wrong. We’re an innovative, fast-changing business that’s shaping finance as a force for good. A bank that’s empowering its people to innovate, explore possibilities and grow with purpose.**What you'll need*** 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 really useful*** 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.**About working for us**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 were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer Initiative.We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.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 policiesIt is a very exciting time to join LBG. Together we'll continue our market leading, ground-breaking transformation and you'll help us realise the Group's vision to become the Best Bank for Customers. This is a once in a career opportunity to help shape your future as well as ours.**So if you have the skills and you’re looking for your next step, we’d love to hear from you!****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.**With 320 years under our belt, we're used to change, and today is no different. Join us and help drive this change, shaping the future of finance whilst working at pace to deliver for our customers.Here, you'll do the best work of your career. Your impact will be amplified by our scale as you learn and develop, gaining skills for the future.