Contracts Associate

JOB DESCRIPTION

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC’s competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.

Pay and Benefits:

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The Impact you will have in this role:

The Contracts Lead is responsible for the initial legal review, and ultimate negotiation, of proposed agreements for the purchase of goods and/or services in collaboration with the Business Unit, Strategic Sourcing, Legal, and Control Group(s) as necessary.

Your Primary Responsibilities:

• Partner with Strategic Sourcing and Procurement to select the appropriate Contract Template or Standard Clause(s) for proposed agreements.
• Conduct redline review of proposed agreements of various complexities, including the drafting of nonstandard commercial and legal terms.
• Participate in negotiations with Suppliers regarding proposed agreements.
• Liaise with TPR, Control Group(s), and Subject Matter Experts, as necessary.
• Ensure clear and prompt communication with Business Unit, Strategic Sourcing, Legal, and Control Group(s), as necessary.
• Keep current with law, regulations, and regulatory guidance as needed to integrate appropriate terms into proposed agreements and provide upkeep to Contract Templates and Standard Clauses.
• Consult on post-contract issues, as necessary.
• Drive select, special projects in support of Departmental and Firm-wide initiatives.
• Perform other duties as assigned.
• Consistently demonstrates the values, shows composure under pressure and maintains high professional standards in all situations.
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately

Qualifications:

• Minimum of 4 years of related experience
• Bachelor's degree preferred or equivalent experience

Talents Needed for Success:

• Demonstrate a thorough level of capabilities and proven track record of success working with Sourcing principals and methodologies, preferably for a global financial services firm.
• Highly specialized knowledge of principles, practices, and procedures of contract drafting and negotiation, and the liabilities and risks associated with the acquisition of goods, services, and technology.
• In-depth knowledge of the risk and regulatory environment to analyze impact of medium to high complexity sourcing projects.
• Thorough understanding of the Firm structure, standards, and business objectives.
• Provide succinct and clear communication, both written and verbal, to a wide variety of audience, including writing clear and unambiguous contract terms.

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.