Director, Strategic Contracts

Fidelity Investments•Covington, KY

About The Position

The Director, Strategic Contracts provides industry-specific expertise and strategic and tactical direction for the development, negotiation, management, and administration of complex, highly visible supplier contract negotiations within Fidelity’s Procurement organization. The role leads collaboration with business unit partners, Legal, Risk, Compliance, and other operational subject matter experts to minimize risk and optimize value to Fidelity. The Director serves as a trusted advisor to business partners, counsels Fidelity leaders on contract and risk decisions, and responds to business needs effectively and in the firm’s best interest. Fidelity Procurement helps business partners make purchasing decisions that reduce risk and maximize value by supporting the acquisition of products and services through new or existing vendor relationships. The role’s impact includes generating savings for the firm. Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Onsite requirements vary by role and location and may evolve; the transition does not apply to fully remote roles. Fidelity will not provide immigration sponsorship for this position. Employment may be restricted for individuals with certain criminal histories under laws and regulations governing Fidelity’s business.

Requirements

Bachelor’s degree; a JD is strongly preferred.
8–10 years of equivalent experience in advanced legal studies or purchasing, including complex contract negotiations.
Proactive management and development of key business partner relationships.
Ability to work well under pressure and handle ambiguity with creativity and flexibility.
Solid understanding of complex contracting models and ability to negotiate and provide guidance on standard and non-standard contracts.
Ability to influence business stakeholders and senior executives through fact-based decision support.
Experience working with leaders at all levels, from project managers to the C-suite.
Strong executive presence and confidence working with people at all organizational levels.
Strong relationship management capabilities, including with Legal, Risk, Compliance, and Vendor Management Oversight stakeholders.
Comfort making decisions and taking smart risks.
Strong written, verbal, interpersonal, negotiation, and teamwork skills, with knowledge of contract terms and conditions.
Ability to assess risk and translate business requirements into viable business solutions.
Commitment to quality and process improvement.

Nice To Haves

Juris Doctor (JD).

Responsibilities

Provide strategic and tactical direction for developing, negotiating, managing, and administering complex supplier contracts.
Collaborate with business unit partners, Legal, Risk, Compliance, and operational subject matter experts to minimize risk and optimize value.
Serve as a trusted advisor to business partners and counsel Fidelity leaders on contract and risk decisions.
Respond to business partner needs quickly, effectively, and in Fidelity’s best interest.
Provide business leaders with contract analysis and a point of view to support decisions.
Understand applicable business objectives and incorporate requirements into appropriate contracting vehicles.
Provide Procurement with recommendations, contract modifications, and process improvement opportunities.
Use experience and knowledge to provide thought leadership to business partners.
Respond to shifting priorities while maintaining progress on regularly scheduled work.
Help business partners engage Procurement to obtain products and services through new or existing vendor relationships and contribute to savings for the firm.