Contract Consultant

US Bank Richfield , MN 55423

Posted 2 weeks ago

Responsible for the client contracting process including contract negotiation, drafting, review, and risk analysis of contract terms and conditions. Ensures client contracts are in compliance with applicable state and federal laws, rules and regulations, as well as U.S. Bank policies. Requires the ability to improvise and respond to contractual language questions, provide creative solutions to resolve issues with clients, and effectively balance working on multiple projects at one time while successfully meeting tight deadlines.

  • Process requests received for standard U.S. Bank contracts using templates as a starting point. Negotiate legal terms and conditions contained in client agreements. Analyze and revise client documents to meet U.S. Bank's regulatory requirements and mitigate risk. Seek advice from the Legal team supporting the business line on an as needed basis.

  • Keep informed of regulatory and legislative changes affecting the business line. Work with the Legal Department, Corporate Compliance, and Business Line representatives on complex legal issues related to clients.

  • Collaborate with Corporate Compliance to accurately complete client forms and data & security requirements that are part of the contracting process.

  • Examine and analyze contractual situations, providing recommendations related to the appropriate contractual documentation to the business line, including contract consolidation efforts to reduce and eliminate redundant agreements between U.S. Bank and its clients.

  • Establish and maintain working relationships with internal business partners and outside resources, acting as an essential partner and resource for U.S. Bank in contract negotiations and execution.

  • Provide guidance and assistance in minor contractual disputes. Where significant issues arise, work with business line management and the Legal Department to establish appropriate resolutions.

  • Must feel comfortable communicating with all levels within the organization.

  • Actively ensures compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participates in any required corporate and business line training in these areas.

  • Record all contract activity and follow all procedures to ensure consistency in the processes used to fulfill contract request. Maintain procedures ensuring they accurately reflect the steps being followed.

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Five to eight years of experience in project management activities

Preferred Skills/Experience

  • Advanced knowledge of assigned business line or functional area

  • Strong organizational and analytical skills

  • Thorough knowledge of project management

  • Ability to identify and resolve exceptions and to analyze data

  • Demonstrated leadership skills

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Contract Consultant

US Bank