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I am a UK/US dual citizen; born and living in the UK. I have travelled to the US several times, but never lived there.

My family's attitude towards US taxes has always been "stay off the IRS' radar". This makes me feel slightly uncomfortable, especially since (afaik) the UK/US tax treaty means no one should end up paying more tax than they would have as a citizen of just one of the countries anyway. I understand that there would be additional complexities (work) involved in filing twice, but (to me anyway) it seems like it's worth the effort to avoid the possibility of being caught for years of back taxes sometime in the future.

I'm currently a little over a year out of university, having been full-time employed for close to a year.

What (if anything) should I be doing to correct my historical lack of US tax filings?

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You just need to go through the streamlined foreign offshore procedures. It's pretty straightforward although depending on how many years you earned over the threshold to file (around $12k - but since you live abroad that doesn't mean you will have to pay anything because you automatically get a deduction up until you earn over $105k), it could mean a lot of forms.

Assuming you have never earned more than $105k you won't need to pay anything either.

https://www.irs.gov/individuals/international-taxpayers/streamlined-filing-compliance-procedures

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    Note US citizen must report if you own or 'control' non-US financial accounts and assets two ways: over $10k (almost everybody) on FBAR, which is filed separately to FinCEN and is not part of your tax return; and (since 2011) if living outside US over $200k single $400k MFJ (fewer people) on your tax return (form 8938) also. There is no tax on these assets (interest/dividend is taxed) but there are harsh penalties for failing to report them, which the 'streamlined' program resolves.
    – dave_thompson_085
    Apr 25, 2021 at 7:39

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