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Contract Manager
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Value Proposition:
The Contract Manager is responsible for reviewing and negotiating contracts for both new vendors and existing vendors on behalf of business units across the bank. Negotiations will involve coordination across multiple internal stakeholder groups (Legal, Information Security, Compliance, BSA/AML, HR, Sourcing, etc.) The Contract Manager will handle MSAs, Non-Disclosure Agreements, Amendments, SOWs, and Order Forms for a wide variety of products and services including technology, consulting, and administrative services. Incumbents are also responsible for the consolidation and management of contract and vendor data in our contract management system.
Responsibilities:
Other Duties as Assigned by Manager:
The salary range for this position is $88,500.00 - $147,600.00 annually.
Additional Compensation Components
This job is eligible to receive equity in the form of restricted stock units. This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.
Benefits:
Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.
Overview:
This is a full-time career opportunity that can be remote.
The Contract Manager is responsible for reviewing and negotiating contracts for both new vendors and existing vendors on behalf of business units across the bank. Negotiations will involve coordination across multiple internal stakeholder groups (Legal, Information Security, Compliance, BSA/AML, HR, Sourcing, etc.) The Contract Manager will handle MSAs, Non-Disclosure Agreements, Amendments, SOWs, and Order Forms for a wide variety of products and services including technology, consulting, and administrative services. Incumbents are also responsible for the consolidation and management of contract and vendor data in our contract management system.
- Manage, coordinate, and/or contribute to all stages of contract lifecycle including RFP preparation, contract review, negotiation, maintenance, and termination, with a variety of internal stakeholders across multiple lines of business
- Manage contractual and business relationships with vendors in coordination with sourcing
- Develop, structure, and negotiate legal and business terms and conditions, which may also include pricing negotiations
- Advocate with third party vendors on behalf of the business and subject matter experts, negotiating with counsel as appropriate
- Manage contract terms within contract lifecycle management platform and report status on an ongoing basis
- Establish and develop close working relationships across lines of businesses and with technical, audit, compliance, security, and legal teams as necessary
- Work in a self-directed, collaborative, and constructive manner with team members, the business unit, and our internal stakeholders
- Understanding regulatory requirements and the controls that are necessary to be successful in the banking / financial services industry, prepare and validate internal and regulatory reports and assist with a variety of departmental projects and presentations
- Develop ongoing processes and procedures to support procurement and contract management
Additional Responsibilities
- Assist with integration and contract issues related to merger and acquisition projects. Project manage contract issues and reviews associated with merger and acquisition initiatives
- Conduct training on contract management lifecycle tools and processes
- Assist in the drafting and building of Fulton contract templates with our legal teams
Education
Bachelor's Degree or the equivalent experience. Specialty: Legal, Business, or Finance. (Required)
Master's Degree or the equivalent experience. Specialty: Finance or Program Management. (Preferred)
Doctor of Jurisprudence Degree. (Preferred)
Experience
5 or more years contract lifecycle management, legal administration, vendor management, and/or sourcing. (Required)
5 or more years relevant experience with a financial institution or corporate environment. (Required)
10 or more years contract lifecycle management, legal administration, vendor management, and/or sourcing. (Preferred)
Certifications
Paralegal certificate. (Preferred)
Knowledge, Skills, and Abilities
- Familiar with key terms and conditions that are common to various types of vendor agreements including but not limited to SaaS, software, hardware and professional services agreements ()
- Familiarity with contract lifecycle management systems ()
- Productive in working in a fully remote position ()
- Timely decision making ()
- Effective in constructing and giving formal presentations ()
- Capable of managing multiple simultaneous tasks with potentially overlapping priorities (Required)
- Ability to think strategically and independently (Required)
- Ability to work effectively with customer and cross functional team members (Required)
- Ability to perform under pressure and in a fast-paced, dynamic environment (Required)
- Strong analytical skills (Required)
- Excellent interpersonal skills, dynamic and highly team-oriented (Required)
- Excellent written and verbal communication (Required)
Other Duties as Assigned by Manager:
This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.
Pay Transparency:
To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate’s knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.
The salary range for this position is $88,500.00 - $147,600.00 annually.
Additional Compensation Components
This job is eligible to receive equity in the form of restricted stock units. This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.
Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about your potential eligibility for these programs, please visit Benefits & Wellness | Fulton Bank.
EEO Statement: Fulton Bank (“Fulton”) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status. Sponsorship Statement:
As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.
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