Legal Counsel at Santander

Utrecht, Utrecht, Netherlands

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Banking, Consumer FinanceIndustries

Requirements

Minimum a completed Dutch Master's degree (WO)
Knowledge of financial services in the Dutch market
Minimum 5 years of relevant work experience, preferably in an international environment
Fluent in Dutch and English (both written and spoken)
Affinity for technology, data, and digitalization

Responsibilities

Provide advice to the business on relevant legal topics
Draft and review commercial contracts, general terms and conditions, and customer communication
Advise management on legal risks associated with their work, products, and services
Develop and update policies and associated documents
Ensure legal requirements are integrated into the digitalization of products and services
Provide advice on risk assessments and monitoring for new products and PARP (Product Approval Review Process)
Advise on the handling of complaints and legal procedures
Create awareness through training, guidance development, FAQs, and standards/templates
Prepare reports and provide insights to the business
Support the annual legal and compliance self-risk assessment and reporting to headquarters and regulators
Participate in investigations and handling of incidents and requests from regulators (AFM, DNB, AP)
Support the development and prioritization of business and Legal & Compliance department strategies
Lead and manage various projects
Collaborate with stakeholders
Report directly to the local L&C Director

Skills

Key technologies and capabilities for this role

Commercial Contract LawConsumer FinancingWFTLeasingRisk ManagementComplianceContract DraftingPolicy DevelopmentProduct AssessmentsDutchEnglish

Questions & Answers

Common questions about this position

What is the salary for the Legal Counsel position?

This information is not specified in the job description.

Is this Legal Counsel role remote or office-based?

The role is based in the Utrecht office in the Netherlands.

What are the key requirements for the Legal Counsel role?

Candidates need a Dutch Master's degree (WO), at least 5 years of relevant experience preferably in an international environment, knowledge of the Dutch financial services market, fluency in Dutch and English, and affinity for technology, data, and digitalization.

What is the reporting structure for this Legal Counsel position?

The Legal Counsel reports directly to the local L&C Director.

What makes a strong candidate for the Legal Counsel role at Santander?

A strong candidate has 5+ years of relevant experience in financial services preferably in an international setting, a Dutch Master's degree, fluency in Dutch and English, knowledge of the Dutch market, and an affinity for technology and digitalization.

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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