Contract Negotiator (fixed term contract)
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Job Location:
Monthly Salary:
Posted on:
2 days ago
Vacancies:
1 Vacancy
Job Summary
At U.S. Bank were on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions enabling the communities we support to grow and succeed in the right ways all more confidently and more oftenthats what we call the courage to thrive. We believe it takes all of us to bring our shared ambition to life and each person is unique in their potential. A career with U.S. Bank gives you a wide ever-growing range of opportunities to discover what makes you thrive. Try new things learn new skills and discover what you excel atall from Day One.
As a wholly owned subsidiary of U.S. Bank Elavon is committed to building the platforms and ecosystems that help over 1.5 million customers around the world to achieve their financial goalsno matter what they need. From transaction processing to customer service to driving innovation and launching new products were building a range of tailored payment solutions powered by the latest technology. As part of our team you can explore what motivates and energizes your career goals: partnering with our customers our communities and each other.
We actively uphold transparent and fair hiring practices that support individual opportunity inclusive culture and career mobility across all levels of our organisation.
We offer meaningful opportunities for growth a culture of inclusion and a strong commitment to transparency and integrity in everything we do.
Job Description
Role Overview
We are seeking an experienced Contract Negotiator to support European Contract Services operations by providing high-quality contractual transactional and risk advisory services across the Bank and its business this role you will lead the end-to-end vendor contracting process ensuring contracts are compliant with applicable European and local regulations as well as U.S. Bank / USBE policies. You will work closely with Business Lines Corporate Procurement Legal and external partners navigating complex negotiations while balancing risk compliance and business objectives.
Key Responsibilities
- Lead the vendor contracting lifecycle including contract drafting review negotiation and risk analysis of terms and conditions.
- Ensure all vendor contracts comply with applicable European local state and federal laws regulatory requirements and internal U.S. Bank policies.
- Support Business Line and Corporate Procurement initiatives by drafting and negotiating contractual terms and advising on risk-related decisions.
- Provide clear pragmatic guidance on contractual risk mitigation and escalation options.
- Respond confidently to complex contractual language questions offering creative and commercially sound solutions to resolve disputes with vendors.
- Manage multiple contracts and negotiations simultaneously while meeting aggressive timelines.
- Ensure adherence to the Third Party Contracting Policy and Enterprise Risk and Compliance standards.
Essential Functions
- Draft review revise and negotiate a wide range of contractual instruments involving U.S. Banks interests or those of its customers.
- Use standard contract templates as a foundation while negotiating and tailoring legal terms to specific business needs.
- Mitigate risk by reviewing and revising vendor documentation to meet regulatory compliance and internal policy requirements.
- Partner closely with the Legal Department on complex legal and regulatory matters related to vendors.
- Advise stakeholders including senior and executive management on contractual risk management strategies and mitigation options.
- Analyze contractual scenarios and recommend appropriate documentation including contract consolidation initiatives.
- Support regulatory projects exceptions and remediation activities aligned with Enterprise Risk and Compliance frameworks.
- Build and maintain strong working relationships with internal partners suppliers and supplier legal representatives.
Basic Qualifications
- Bachelors degree or equivalent relevant work experience.
- Minimum 5 years of experience in procurement contract administration or contract negotiation roles.
Preferred Skills and Experience
- Advanced understanding of laws regulations financial services and regulatory trends.
- Strong knowledge of contract structures and regulatory requirements.
- Excellent English proficiency (minimum C1).
- Outstanding negotiation problem-solving and analytical skills.
- Ability to manage multiple projects and deadlines simultaneously.
- Strong organizational and communication skills.
Work Arrangement
This role requires working from a U.S. Bank office location at least three (3) days per week.
Accessibility
We are committed to providing an inclusive and accessible recruitment experience. If you need adjustments at any stage of the application or hiring process please contact your recruiter for guidance and support.
Total Rewards
U.S. Bank is committed to fair equitable and transparent compensation practices in line with local regulatory and legal requirements. Our total rewards approach is designed to attract retain and support top talent while ensuring equal pay for work of equal value.
We offer a market-competitive compensation package that includes:
Clearly defined salary ranges aligned with industry benchmarks and internal equity standards.
Performance-based incentives for eligible employees (as defined by relevant plan rules) awarded through transparent objective criteria that recognize both individual and company performance.
Inclusive equitable benefits that are accessible to all employees and focused around our 3 main pillars of financial wellbeing health & wellness).
Continuous development opportunities including training education support and career progression pathways based on inclusive and transparent criteria.
Employee recognition programs that celebrate achievements and milestones for all.
We regularly review our compensation and benefits to ensure they remain competitive inclusive and responsive to employee needs and market trends. Further details of the compensation package will be provided upon application.
We encourage candidates to explore the full value of our offer including monetary and non-monetary benefits at Employee benefits and development U.S. Bank Elavon.
Closing Date
Posting may be closed earlier due to high volume of applicants.
We aim to provide timely updates throughout the process and encourage early applications to ensure consideration.
Key Skills
About Company
Experience personalized banking services for your unique needs with U.S. Bank - Checking, credit cards, home loans & convenient online banking. Member FDIC.
