Contract Risk Specialist

Vanderbilt Mortgage•Maryville, TN

6d•Hybrid

About The Position

The Contract Risk Specialist supports the lifecycle management of company contracts and serves as a contract and contractual risk specialist within Vendor Compliance and Contracts. The role reviews agreements, documents key terms, identifies contractual risks, drafts proposed redlines, supports negotiations, manages contract-related reporting, and assists with contract-governance processes. It partners with Corporate Legal, Enterprise Resource Planning, business stakeholders, and third parties to support contract oversight, risk mitigation, vendor governance, decision-making, and process development. The work has a primary focus on third-party contracts, technology agreements, negotiations, renewals, and contractual risk management, while supporting all Risk Management teams. The position reviews and summarizes a broad range of agreements, identifies and escalates contractual risks, prepares negotiation materials, tracks and maintains contract records, monitors compliance, and supports contract execution and renewal decisions. It also coordinates with ERP and reporting resources to improve contract data, reporting, and visibility into obligations and risk. The role assists with third-party due diligence and vendor-risk projects. The position is hybrid, with three remote days and two in-office days, and requires minimal travel.

Responsibilities

Review, analyze, and summarize third-party and other company agreements to identify contractual, operational, financial, regulatory, information security, and reputational risks.
Identify contract provisions that may create exposure or dependencies, and escalate concerns appropriately.
Draft and propose agreement redlines using approved templates, playbooks, and risk-management standards.
Lead or coordinate negotiations on contract provisions such as indemnification, liability limits, confidentiality, privacy, security, audit rights, insurance, continuity, service levels, pricing, termination, and regulatory compliance.
Prepare contract-risk summaries, negotiation issue logs, recommended language, and briefing materials for leadership, Legal, and business stakeholders.
Track, document, and maintain contracts and related records, including records in the Oracle Contract Module.
Identify and summarize key terms such as renewal dates, notice periods, termination rights, fees, pricing obligations, service levels, and security requirements.
Evaluate vendor contract language and propose amendments as applicable.
Provide contract proposals, summaries, and documentation to support negotiations and renewal decisions.
Monitor contracts for compliance, facilitate execution, and maintain nondisclosure agreements as needed.
Research contract requirements and coordinate with business owners to ensure obligations are understood, documented, and monitored.
Report contract volume, renewal status, negotiation progress, open issues, and risk trends to department leadership and senior management.
Develop and maintain contract checklists, summaries, templates, intake documentation, and process documentation.
Verify compliance with executed agreements and help business owners identify follow-up actions.
Partner with ERP and internal reporting resources to develop Oracle reporting on contractual risks, renewals, termination windows, pricing commitments, and other obligations.
Develop and maintain contract data fields, trackers, dashboards, and reporting inputs; validate contract data and improve reporting processes.
Support special projects, third-party risk management software discovery and implementation, data cleanup, and contract lifecycle management processes.
Help build repeatable contract-management processes and policies for intake, review coordination, term capture, renewal reminders, escalations, and reporting.
Assist the Third Party Risk Manager and Supervisor with technology vendors, renewals, contract documentation, vendor-risk reporting, and contract-related follow-up.
Support third-party due diligence, document collection, and related projects, including cybersecurity and incident response.

Benefits

Medical and dental plans with prescription coverage and vision
401(k) with 100% company match of the first 4%
Paid time off
Maternity and paternity leave
Paid holidays
Volunteer paid time off
Tuition assistance for a first degree
Onsite fitness facility, gym, workout classes, sports courts, ping-pong, disc golf course, and restaurant
Wellness programs
Professional development and promotional opportunities
Competitive bonus programs