Director, Vendor Contract Attorney

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 incentiveComprehensive health and life insurance and well-being benefits, based on locationPension / Retirement benefitsPaid 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 appropriateOwn 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 contractsTraining 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 processesCollaborate with Category Managers, Purchasing Operations and other SMEs involved in procurement process in order to proactively identify and implement operational improvements and improve cycle timesCollaborate 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 interestsSupport contract administration and risk acceptance documentation, ensuring all deviations from legal and SME-set standards are duly approved, documented, and communicated to relevant collaboratorsPartner 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 leadershipMitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior.Qualifications:Minimum of 10 years of related experienceJ.D. from an ABA accredited law school along with admission to New York or New Jersey BarTalents Needed for Success:Strong experience working with and training non-lawyer documentation / contracts negotiation teamsExperience with high volumes of contracts on different kinds of templates / formsExperience working as an attorney in regulated industriesTrack record of improving processes, procedures, and mitigating risks in contractingThe 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. DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry’s needs and we’re working to continually improve the world’s most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle. DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork.  When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind. Learn more about Clearance and Settlement by clicking here. 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. The Corporate Procurement Services department partners with stakeholders to develop and execute sourcing, procurement, and contracting strategies that protect DTCC and maximize value creation with our suppliers. In addition, we aim to create an attractive and engaging environment for team members at all levels to grow and develop as professionals. Full timePosting Date: 2024-10-17