Manager, Markets

End Date

Friday 23 January 2026

Salary Range

£81,999 - £91,110

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

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
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

We have an excellent opportunity join the newly established Markets & AI Modelling team within the Model Risk Office [MRO] at Lloyds Banking Group. Be part of a dynamic and constantly evolving AI team, providing considerable scope for personal and professional development.

You'll join a dedicated team responsible for the independent review, analysis, and validation of AI/GenAI models, empowering the Bank to embrace innovative technology while effectively handling associated risks. Responsibilities will also include:

• Performing independent validation and periodic reviews of AI and GenAI models, ensuring models are robust, fair, explainable, and aligned with applicable regulations.

• Engaging with a diverse array of use cases, enhancing your technical expertise across the LBG modelling landscape and throughout the entire model lifecycle, from development to monitoring and maintenance.

• Developing benchmark models and conduct quantitative analysis / recoding, predominantly using Python/GCP.

• Reviewing model documentation to evaluate the conceptual soundness of the model and the robustness of its infrastructure from inputs to use of the outputs.

• Raising validation challenges/findings with model owners and follow through to resolution.

• Providing clear, concise, and actionable reporting on validation outcomes and AI risk assessments to [senior members of the team] senior stakeholders and internal governance committees.

• Contributing to the improvement of validation frameworks and processes related to AI models.

• Monitoring emerging trends in AI technologies, regulatory requirements, and industry best practices, to align our standards with changes to the AI landscape.

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.

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 AI Model Development / Validation, or a similar quantitative role within financial services or other regulated industries; or a recent relevant PhD.

• A numerate degree such as Data Science, Statistics, Mathematics, Computer Science or Physics, or equivalent experience.

• 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 stakeholders.

• Ability to work proactively and independently, manage time effectively, and deliver high-quality outputs within tight timelines.

And any experience of these would be really useful

• 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 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 practices 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 policies 

This is a once in a career opportunity to help shape your future as well as ours. So if you have the skills we're seeking and you're looking for your next step, we'd love to hear from you Join us and grow with purpose.

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.

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