Your role
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 our Business Support Unit, we are looking for a First Line Risk Management Expert (Legal & Compliance). The 1st Line Risk Management Expert Legal & Compliance will support our business in identifying, assessing, and mitigating a wide range of risks, with a primary focus on Legal & Compliance to ensure first line operates within compliance with laws and regulations.
You serve as the primary risk management support to first line teams, such as Human Resources, Marketing, Business Development, and Operations. You will also be the first point of contact for second line risk specialists, promoting collaboration and communication to address risk management needs effectively. By enhancing the capabilities of the first line, the 1st Line Risk Management Expert will contribute to the bank's ability to manage risks effectively while seizing opportunities for innovation and development.
Nice to know is that the 1st Line Risk Management Expert operates as a general risk management support function and for this role you must be willing to operate in the other risk areas if needed, such as Data Privacy, Credit Risk, Financial Crime, OPRisk and Conduct, to maintain continuity and flexibility within the team. Working with the colleague in the unit, this is an ultimate opportunity to learn about the different risk divisions.
A day in the life of a Risk Expert Legal and Compliance
After our daily stand-up with the team and discussions on the latest progress on the ongoing activities, exchanging insights and challenges, you will fill your morning with upcoming tasks within our Risk & Control Self Assessment Tool (RCSA), do research on the risk framework and first line responsibilities and have conversations with stakeholders. Working together with first line departments such as the underwriting department towards a clear understanding of Risk mitigating Controls and Actions. Together with the team you will decide when you work at the office or work from home. At the office you can have the most interesting conversations with colleagues during lunch and learn all about our colleagues and Lloyds Bank.
After Lunch you will join a meeting with the Legal & Compliance Team (2Lod) to coordinate what issues are going on in the relevant departments whether there are audit findings, relevant regulatory changes or RCSA action plans that need to be worked on etc. Towards the end of your workday, you have some time to work on a regulatory request for information.
Which team will you be joining?
The Business Support Unit is a completely new team which operates within the First line of Defence. Within the team you will work with Risk Experts with various expertise, Business Support Managers and Quality Assurance Officers. Together you will ensure proper interpretation and implementation of the various mitigating controls and ensure a firm Risk Framework. We do this by:
Key accountabilities
- Risk Identification and Assessment
- Risk Administration and Documentation
- Internal & External Audit Support
- Training and Support
- Collaboration and Communication
- Process Governance and Standardisation
- Continuous Improvement
- Stakeholder Management
You recognize yourself in this profile
Capabilities
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Analytical Thinking: Ability to assess complex risks and recommend appropriate mitigation strategies.
- Problem Solving: Skilled in identifying, analyzing, and resolving risk issues efficiently.
- Autonomy: Able to manage tasks and priorities independently, delivering results with minimal supervision.
- Proactivity: Demonstrates a proactive approach to risk identification, mitigation, and continuous improvement.
- Collaboration: Strong team player, working effectively across business teams and risk domains.
- Communication: Excellent communication skills in both Dutch and English, both verbal and written, with the ability to influence stakeholders at all levels.
- Adaptability: Flexible and able to thrive in a fast-changing, dynamic environment.
- Influencing: Strong interpersonal skills to promote a risk-aware culture and drive change.
Qualifications
- Preferred Master’s/ Bachelor’s degree in law, economics or equivalent
- Risk Management and/or Certified Compliance Officer qualification or equivalent is preferred
Experience and Knowledge
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Minimum of 5 years of experience in risk management, preferably within the financial services industry or a regulated environment
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Practical experience in risk management within a regulated environment
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Familiarity with the Three Lines of Defence Model and its application in an organisation
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Hands-on experience with risk management or GRC tools, frameworks, and methodologies
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Working knowledge of agile principles and practices (preferred)
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Demonstrated ability to maintain accurate and organised risk documentation
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Prior involvement in managing risks related to loan portfolios or underwriting
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Comprehensive understanding of Law & Regulations relating to financial services
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Knowledge of the various internal Policies such as Payment Policy
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Understanding of Event Management Procedure
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Experienced in communication with AFM and ECB
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.
Your recruitment process
Apply to our vacancies by sending your CV and motivation letter to stanley.waccary@lloydsbank.nl, or use the application form on our website. After receiving your application, we'll review it and share a reply as soon as possible.
After you have submitted your application, our recruiter Stanley Waccary will reach out to you to plan a short introductory chat via Teams.
Your first chat with us will take place either online or at our Amsterdam office. The goal of this chat is get to know each other, and see if there's a match with the team, the organisation and the open position.
We're excited to have you meet additional collagues. The chat will take place either online or at our Amsterdam office, during which we'll dive deeper into the requirements of the position and the team you'll be joining.
Congratulations! We're happy to have you as our newest addition to the team. Do you feel the same way? Then you'll receive our offer by email. For most roles, a screening is part of the process. This will take place after accepting the offer.
About Lloyds Bank
Lloyds Bank GmbH is part of Lloyds Banking Group, a financial institution with a large clientele in the UK and other parts of the world. Together with our office in Berlin, we form Lloyds Bank GmbH with its headquarters in Amsterdam and we have over 500 colleagues.
We aim to lead by example in the bold decisions we make as a business, from where and how we invest, to the products and services we offer, and of course the workplace we create. We will search for new ways to work with people, communities and businesses, to always evolve with their needs. And we will never stop innovating to make sustainable, ethical choices easy and rewarding.
At Lloyds Bank GmbH we play an important part in peoples’ lives, by the products we offer, and also how we operate. We finance your mortgage, keep your savings secure and also provide you with a personal loan if you need this. In Amsterdam we do this with an enthusiastic team of approximately 200 colleagues from different nationalities, and with an engagement score of 93%, colleagues find us a real ‘Great Place to Work’!
With our grand ambitions, we are looking for new colleagues who will bring fresh ideas to help us grow!
Are you ready to join our journey?
Have we made you curious, and are you ready to join the team? Please introduce yourself to us in the best way possible and send this to: stanley.waccary@lloydsbank.nl, or use the application form on our website. A screening is part of the process.
We hope to meet you soon!
Acquisition to this vacancy is not appreciated.