Brown Brothers Harriman & Co.
Vendor Contract Negotiator
Brown Brothers Harriman & Co., Jersey City, New Jersey, United States, 07390
Vendor Contract Negotiator
Locations: Jersey CityTime Type: Full timePosted on: Posted 3 Days AgoJob Requisition ID: 64261At BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application!What You Can Expect At BBH:If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm. We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.The
Vendor Contract Negotiator
is responsible for reviewing, editing/drafting and negotiating the terms (within pre-defined guidelines) of moderate or less complex contract documents with BBH vendors, such as statements of work, order forms, and the like. This includes working closely with the business sponsor and other key stakeholders to ensure that all business and risk concerns are appropriately addressed according to BBH standards and that the documents accurately reflect the business deal. This position also assists in determining the need to extend, terminate or renegotiate contracts, as well as with the procedures and projects which support the Vendor Contracts function.Your responsibilities include:Research and understand the intended uses and potential risks of the product/service that is being contracted for in order to identify terms and conditions that must be addressed or standards that must be applied and to ensure the terms of the agreement are clear and appropriately protect the Firm.Demonstrate an understanding of contractual terms, conditions, rights and obligations to contracts, be able to interpret and apply that understanding and be able to succinctly explain the effects of such things to the business/contract stakeholder to gain buy-in.Draft proposed language for documents in order to ensure that terms reflect the business deal, meet standards and that risks are mitigated.Make recommendations/decisions and identify creative solutions with respect to contract provisions ensuring that BBH standards are incorporated and risks are mitigated. Effectively negotiate with vendors to reach desirable positions.In each negotiated contract, solve the business need while ensuring that BBH standards are incorporated.Ensure final contract agreements are consistent with the terms reached during negotiation.Assist in the definition of standard processes and language for use in negotiating contracts.Apply defined processes in contract negotiations.Ensure contracts are in compliance with corporate, regulatory and legal requirements and standards.Manage process to ensure that the business sponsor and any appropriate stakeholders have approved the terms in the agreement prior to being presented for execution.Actively participate in the firm’s vendor management effort to manage the risk associated with use of third parties that deliver IT services and products to the enterprise such as through identifying the need for establishment of service levels with the vendor or communicating the need for a potential re-negotiation of governing terms as a result of growth/expanded use of a particular vendor.Ensure consistent communications for timely contract execution.Ensure all documents are clear, concise, accurate, timely and appropriately authorized.Protect the financial interest of the firm, through risk analysis and mitigation.Communicate contracted terms and conditions to key stakeholders.Summarize legal documents in a manner that provides clarity and insight into the issues/risks for the reader.Actively participate in process improvement so that contracting processes operate as efficiently as possible.Provide support for the vendor contracts processes and special projects as needed.Desired Qualifications:Bachelor’s degree required.3-5 years of relevant work experience with a focus on negotiating contract documents.Experience in the financial services industry desirable.Knowledge of contract law and technology desirable.Knowledge of compliance regulations in the financial services industry.Ability to manage multiple priorities, while meeting deadlines.Ability to interact with all levels of management.Strong detail and process orientation.Ability to create and maintain moderate to less complex enterprise agreements and vendor relationships.Strong relationship management and negotiation skills.Ability to use standard desktop tools effectively, including Microsoft Office.Strong written and verbal communication skills.Salary Range:Base salary $90,000 - $110,000 plus annualized incentive.We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.
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Locations: Jersey CityTime Type: Full timePosted on: Posted 3 Days AgoJob Requisition ID: 64261At BBH we value diverse backgrounds, so if your experience looks a little different from what we've outlined and you think you can bring value to the role, we will still welcome your application!What You Can Expect At BBH:If you join BBH you will find a collaborative environment that enables you to step outside your role to add value wherever you can. You will have direct access to clients, information and experts across all business areas around the world. BBH will provide you with opportunities to grow your expertise, take on new challenges, and reinvent yourself—without leaving the firm. We encourage a culture of inclusion that values each employee’s unique perspective. We provide a high-quality benefits program emphasizing good health, financial security, and peace of mind. Ultimately we want you to have rewarding work with the flexibility to enjoy personal and family experiences at every career stage. Our BBH Cares program offers volunteer opportunities to give back to your community and help transform the lives of others.The
Vendor Contract Negotiator
is responsible for reviewing, editing/drafting and negotiating the terms (within pre-defined guidelines) of moderate or less complex contract documents with BBH vendors, such as statements of work, order forms, and the like. This includes working closely with the business sponsor and other key stakeholders to ensure that all business and risk concerns are appropriately addressed according to BBH standards and that the documents accurately reflect the business deal. This position also assists in determining the need to extend, terminate or renegotiate contracts, as well as with the procedures and projects which support the Vendor Contracts function.Your responsibilities include:Research and understand the intended uses and potential risks of the product/service that is being contracted for in order to identify terms and conditions that must be addressed or standards that must be applied and to ensure the terms of the agreement are clear and appropriately protect the Firm.Demonstrate an understanding of contractual terms, conditions, rights and obligations to contracts, be able to interpret and apply that understanding and be able to succinctly explain the effects of such things to the business/contract stakeholder to gain buy-in.Draft proposed language for documents in order to ensure that terms reflect the business deal, meet standards and that risks are mitigated.Make recommendations/decisions and identify creative solutions with respect to contract provisions ensuring that BBH standards are incorporated and risks are mitigated. Effectively negotiate with vendors to reach desirable positions.In each negotiated contract, solve the business need while ensuring that BBH standards are incorporated.Ensure final contract agreements are consistent with the terms reached during negotiation.Assist in the definition of standard processes and language for use in negotiating contracts.Apply defined processes in contract negotiations.Ensure contracts are in compliance with corporate, regulatory and legal requirements and standards.Manage process to ensure that the business sponsor and any appropriate stakeholders have approved the terms in the agreement prior to being presented for execution.Actively participate in the firm’s vendor management effort to manage the risk associated with use of third parties that deliver IT services and products to the enterprise such as through identifying the need for establishment of service levels with the vendor or communicating the need for a potential re-negotiation of governing terms as a result of growth/expanded use of a particular vendor.Ensure consistent communications for timely contract execution.Ensure all documents are clear, concise, accurate, timely and appropriately authorized.Protect the financial interest of the firm, through risk analysis and mitigation.Communicate contracted terms and conditions to key stakeholders.Summarize legal documents in a manner that provides clarity and insight into the issues/risks for the reader.Actively participate in process improvement so that contracting processes operate as efficiently as possible.Provide support for the vendor contracts processes and special projects as needed.Desired Qualifications:Bachelor’s degree required.3-5 years of relevant work experience with a focus on negotiating contract documents.Experience in the financial services industry desirable.Knowledge of contract law and technology desirable.Knowledge of compliance regulations in the financial services industry.Ability to manage multiple priorities, while meeting deadlines.Ability to interact with all levels of management.Strong detail and process orientation.Ability to create and maintain moderate to less complex enterprise agreements and vendor relationships.Strong relationship management and negotiation skills.Ability to use standard desktop tools effectively, including Microsoft Office.Strong written and verbal communication skills.Salary Range:Base salary $90,000 - $110,000 plus annualized incentive.We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.
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