What are the responsibilities and job description for the Director, Vendor Contract Attorney position at The Depository Trust & Clearing Corporation (DTCC)?
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 Director of Vendor Contracts at DTCC will be a key leader in the Strategic Sourcing organization which is responsible for more than $750m of annual contracts at the firm. We are looking for a dynamic commercial contract attorney who is a quick thinker and strong manager to own all aspects of initial contract redlining and review completed by the contracts team within the Corporate Procurement Services department. This hire will lead a team of paralegals and partner closely with our General Counsel's office to review, revise, and improve our 3rd party vendor contracts across the enterprise, including master agreements, proofs of concept, SOWs, NDAs, and other related documents, demonstrating guidance and templates provided by DTCC Legal. Proven experience and comfort handling high volumes of contract review under tight timelines required.
Your Primary Responsibilities:
- Draft, review, redline, and negotiate procurement contracts in compliance with legal-set policies and guidelines and raising to SMEs and Legal as appropriate
- Own the contract management process and effectively manage pipeline, including managing contract lifecycle, renewals, amendments, notices, and terminations, as well as proper storage and organization of contracts
- Training and development of contracts team to ensure consistent handling of contracting matters, updating policies and procedures owned by Corporate Procurement Services, where necessary, to achieve standard processes
- Collaborate with Category Managers, Purchasing Operations and other SMEs involved in procurement process in order to proactively identify and implement operational improvements and improve cycle times
- Collaborate with legal, compliance, and risk teams as required by specific regulatory requirements applicable to third party contracts, to support regulatory compliance efforts, mitigate risks, and protect the institution's interests
- Support contract administration and risk acceptance documentation, ensuring all deviations from legal and SME-set standards are duly approved, documented, and communicated to relevant collaborators
- Partner with business and technology colleagues to ensure defined SLAs and key performance metrics are included in contracts. Assess those metrics on contract performance, compliance, and risks, providing insights to procurement and firm leadership
- Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.
Qualifications:
- Minimum of 10 years of related experience
- J.D. from an ABA accredited law school along with admission to New York or New Jersey Bar
Talents Needed for Success:
- Strong experience working with and training non-lawyer documentation / contracts negotiation teams
- Experience with high volumes of contracts on different kinds of templates / forms
- Experience working as an attorney in regulated industries
- Track record of improving processes, procedures, and mitigating risks in contracting
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.
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 Director of Vendor Contracts at DTCC will be a key leader in the Strategic Sourcing organization which is responsible for more than $750m of annual contracts at the firm. We are looking for a dynamic commercial contract attorney who is a quick thinker and strong manager to own all aspects of initial contract redlining and review completed by the contracts team within the Corporate Procurement Services department. This hire will lead a team of paralegals and partner closely with our General Counsel's office to review, revise, and improve our 3rd party vendor contracts across the enterprise, including master agreements, proofs of concept, SOWs, NDAs, and other related documents, demonstrating guidance and templates provided by DTCC Legal. Proven experience and comfort handling high volumes of contract review under tight timelines required.
Your Primary Responsibilities:
- Draft, review, redline, and negotiate procurement contracts in compliance with legal-set policies and guidelines and raising to SMEs and Legal as appropriate
- Own the contract management process and effectively manage pipeline, including managing contract lifecycle, renewals, amendments, notices, and terminations, as well as proper storage and organization of contracts
- Training and development of contracts team to ensure consistent handling of contracting matters, updating policies and procedures owned by Corporate Procurement Services, where necessary, to achieve standard processes
- Collaborate with Category Managers, Purchasing Operations and other SMEs involved in procurement process in order to proactively identify and implement operational improvements and improve cycle times
- Collaborate with legal, compliance, and risk teams as required by specific regulatory requirements applicable to third party contracts, to support regulatory compliance efforts, mitigate risks, and protect the institution's interests
- Support contract administration and risk acceptance documentation, ensuring all deviations from legal and SME-set standards are duly approved, documented, and communicated to relevant collaborators
- Partner with business and technology colleagues to ensure defined SLAs and key performance metrics are included in contracts. Assess those metrics on contract performance, compliance, and risks, providing insights to procurement and firm leadership
- Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.
Qualifications:
- Minimum of 10 years of related experience
- J.D. from an ABA accredited law school along with admission to New York or New Jersey Bar
Talents Needed for Success:
- Strong experience working with and training non-lawyer documentation / contracts negotiation teams
- Experience with high volumes of contracts on different kinds of templates / forms
- Experience working as an attorney in regulated industries
- Track record of improving processes, procedures, and mitigating risks in contracting
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.
Salary : $750
