Legal Counsel

We may be part of a large banking Group, but we’re a small, tight-knit bank with a focused business model and a young team. For the Legal & Compliance department, we are looking for a Legal Counsel.

Reporting to Team Lead – Legal & Compliance NL, this role combines responsibilities in legal advisory. The successful candidate will ensure adherence to legal and regulatory requirements and provide guidance across a wide range of non-financial risks, in line with the Group Risk Management Framework, Group Policy Framework, and local Dutch law and regulations. Interested? Read on!

The Team

We’re a cross-border and fast-growing team of 20+ professionals based in NL & DE, bringing diverse backgrounds and different perspectives to the table. We challenge each other, tackle complex topics, and like to always think of ways to take our work to the next level. If you’re up for the challenge, keep reading and see what a day in this role could look like for you.

A day in the life of a Legal Counsel

At Lloyds Bank, our Legal Counsels are trusted advisors, strategic thinkers, and collaborative partners. Here’s what a typical day might look like:

Start the Day with Purpose

You begin your morning reviewing legal updates and regulatory developments from the AFM, DNB, and ECB. A quick check of your inbox reveals a few contract review requests and a meeting invite for a new product launch.

Legal Advisory in Action

You join a call with the Product and Risk teams to assess the legal implications of a new mortgage feature. You provide clear, practical advice on how to align with Dutch and EU regulations while supporting innovation.

Contracts & Collaboration

You review and negotiate a supplier agreement, ensuring it meets internal standards and regulatory expectations. You liaise with external counsel for a second opinion on a complex clause.

Lunch & Knowledge Sharing

Over lunch, you catch up with colleagues and join a short internal session on recent regulatory trends. It’s a great way to stay connected and continuously learn.

Policy & Process

You work on translating a new Group Policy into a local procedure, collaborating with Compliance and Operations to ensure it’s practical and effective. You also update the local Compliance Plan with recent developments.

Stakeholder Engagement

You prepare a briefing for senior management on a regulatory change and its impact on the business. Later, you join a cross-functional project meeting to ensure legal risks are identified early and managed proactively.

Wrap-Up & Reflect

You finalize a legal memo, update your task list, and reflect on the day’s progress. You leave with the satisfaction of knowing your work helps keep the bank safe, compliant, and forward-looking.

YOUR ACCOUNTABILITIES

Legal Advisory: You will be responsible for providing legal advice regarding banking activities. Provide legal advice to business departments on a wide range of topics.

Contract Review and Negotiation: Lead review and negotiation across banking activities in NL, providing risk-based legal advice, ensuring regulatory compliance, and driving robust contract governance aligned with internal policies and risk appetite.

Policy Implementation & Control: You will be responsible for the implementation of a number of high-materiality/ high-risk-exposure policies and the performance of allocated controls.

Stakeholder Management: You will represent the Legal & Compliance Department in cross-functional projects, internal forums, and with external stakeholders.

WHO ARE YOU AND WHAT DO WE ASK FROM YOU?

Master’s degree in Law (LLM) is required.

5+ years of relevant experience at a reputational law firm, bank or a financial institution, with a focus on banking & finance.

Strong knowledge of European & Dutch financial law and regulatory landscape.

Experience in dealing with AFM, DNB, and ideally the ECB.

Background in banking and associated products, particularly mortgages, is a plus.

Excellent analytical, communication, and stakeholder management skills.

Fluent in Dutch and English, both written and spoken.

Some highlights of our benefits for you!

13th-month salary, either paid monthly or once a year in December.

30 days PTO (or 240 hours) per year (based on full-time employment).

Non-contributory pension scheme.

Flexible working; you can schedule your work hours to meet your personal needs.

Are you interested in joining us?

Excellent! Please share your resume and motivation via Recruitment@Lloydsbank.nl!

We look forward getting to know you!