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Years of Experience
Date Last Verified
Vendor Contracts Counsel The candidate will join the Legal Departmentâ€™s vendor contracts group to support firm's Corporation and its affiliates (â€œfirm'sâ€) with respect to enterprise-wide vendor, supply and third party contracts, often involving technology and software services. Will be an attorney with experience in commercial contract drafting and negotiation. Responsible for reviewing, drafting and negotiating vendor contracts, as well as advising on applicable laws and regulations relating to bank vendor relationships. In performing this role, responsible for ensuring that firm's objectives are met, associated risks are identified and managed and applicable laws, regulations, rules, guidance, industry standards and internal firm's policies and procedures are complied with. Also will work in consultation with other subject matter attorneys in the Legal Department and business partners throughout firm's. Providing legal support to firm'sâ€™s Third Party Risk Management group (â€œTPRM Groupâ€). Advising on vendor arrangements by firm's, often involving technology, services, consulting, outsourcing, and other commercial transactions, ranging in complexity, profile, and scale. Reviewing, drafting and negotiating firm's vendor contracts and advising on related matters, including: agreements for outsourced services, computer hardware, software, cloud-based services, telecommunications, market data agreements, and customer-facing systems, software and intellectual property licenses, data and information licenses, application service provider and software-as-a-service agreements, (cloud) consulting, professional services and other services agreements, supply agreements and sponsorship agreements. Interfacing with firm's business units, subject matter experts, Compliance, Risk and the TPRM Group to resolve issues. Assisting other vendor contract attorneys with creation and implementation of contract policies, procedures and controls for the legal review of vendor contracts. Preparing and maintaining standard template forms of vendor contracts and boilerplate provisions for firm's. Providing legal guidance on issues that arise in connection with prospective and ongoing vendor management engagements, including contract interpretation, and advising on contractual implications to an engagement. Supporting the TPRM Groupâ€™s efforts to improve firm's utilization of vendors and suppliers. Providing feedback on process architecture, process efficiencies, and cost savings. Monitoring and remaining current on regulatory guidance and industry practices for effectively managing third-party risk. Overseeing outside counsel retained to advise on vendor contract negotiation and matters. Keep senior management and other personnel up to date on pertinent legal and regulatory developments, including legal risks.
Qualification and Experience
The candidate should have J.D. degree. Must be Licensed to practice law in New York or Delaware (or ability to obtain an in-house counsel license in New York or Delaware, as applicable). Must have 4 years of relevant experience with contract review and negotiation. Must have experience with commercial contract drafting and negotiations. Ability to handle multiple tasks, take on new responsibilities and prioritize work in a deadline-intensive environment; experience in leading and facilitating change is required. Demonstrated experience in leading others, both through direct relationships and/or indirectly (influencing without direct authority) is required. Must have demonstrated experience reviewing technology contracts in a corporate commercial contracts administration environment, including knowledge of industry concepts, terminology, clauses, and standard procedures.
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