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Years of Experience
Date Last Verified
Vendor Contracts Counsel The candidate will join the Legal department's vendor contracts group to support Bank and its affiliates with respect to enterprise-wide vendor, supply and third party contracts, often involving technology and software services. Will be responsible for reviewing, drafting and negotiating a large volume of vendor contracts with significant dollar exposure and operational impact to Bank, as well as advising on applicable laws and regulations relating to bank vendor relationships. Ensure that Bank's objectives are met, associated risks are identified and managed and applicable laws, regulations, rules, guidance, industry standards and internal Bank policies and procedures are complied with. Work in consultation with other subject matter attorneys in the Legal department and business partners throughout Bank. Provide legal support to Bank's Third Party Risk Management group (TPRM Group). Advise on sophisticated vendor arrangements by Bank, often involving technology, services, consulting, outsourcing, and other commercial transactions, ranging in complexity, profile, and scale. Review, draft and negotiate Bank'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 license; data and information license; application service provider and software-as-a-service agreements (cloud); consulting, professional services and other services agreement; supply agreements; and sponsorship agreements. Interface with Bank's business units, subject matter experts, Compliance, Risk and the TPRM Group to resolve issues. Prepare and maintain standard template forms of vendor contracts and boilerplate provisions for Bank. Provide 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. Support the TPRM Group's efforts to improve Bank's utilization of vendors and suppliers. Providing feedback on process architecture, process efficiencies, and cost saving. Monitor and remain current on regulatory guidance and industry practices for effectively managing third-party risk. Oversee 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 a J.D. degree. Should 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. Should have demonstrated experience reviewing technology contracts in a corporate commercial contracts administration environment, including knowledge of industry concepts, terminology, clauses, and standard procedures. Must have working knowledge of, and substantial experience in handling, legal issues associated with contract, cybersecurity, the Internet, electronic contracting, commercial contracting practices, and/or intellectual property.
Ref. #: 3DHTK
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