Responsibilities include but are not limited to:
Prepare review and edit both standard and non-standard contracts including Non-Disclosure Agreements (NDAs), professional services agreements, purchase agreements, software license SaaS agreements, and other business contracts. Ensure clarity, accuracy, and legal soundness in contract language to protect the banks interests.
Collaborate with internal stakeholders, legal procurement, business counterparts, and external parties to negotiate favorable contract terms. This includes negotiating clauses on confidentiality, indemnity, liabilities, payment terms, and service level expectations to achieve mutually beneficial agreements while mitigating risk.
Assist in managing the contract lifecycle from draft to execution and renewal. This may involve coordinating approvals, maintaining version control, and ensuring all obligations and milestones are tracked.
Address inquiries related to contract interpretation and provide guidance to business teams on contract obligations. Serve as a point of contact for clarifying contract scope, terminations, or ambiguities.
Advise internal departments on compliance with contractual obligations in cost-effective ways. Verify that contract terms comply with all relevant laws, regulations, and company policies, e.g., interagency guidance, data privacy laws, internal risk policies.
Analyze contract clauses to identify potential risks or conflicts. Recommend amendments or protective provisions to prevent future disputes.
Resolve contract-related issues or escalate as needed, protecting the banks interests.
Contribute to improving contract processes and may help develop contract playbooks, templates, or checklists to streamline review of recurring contract types.
Must have working proficiency with contract management software.