Legal Procurement Advisor
About The Position
The Legal Procurement Advisor role within the Key Procurement Department is responsible for understanding and negotiating standard procurement agreements, providing advice on regulatory compliance and legal requirements applicable to procurement contracts, and participating in procurement negotiations. The role ensures that desired business and legal terms and conditions are accurately captured in each agreement and that contracts appropriately reflect Key’s risk tolerances. This position works closely with internal risk partners and internal clients to ensure business and regulatory requirements are met and provides legal counsel primarily to procurement strategists. Success in this role includes the ability to effectively negotiate a high volume of agreements and efficiently manage the standard procurement agreement process. The Procurement Legal Advisor works collaboratively with KeyCorp risk groups and lines of business to assess business needs and associated risks and ensures that all procurement contracts comply with applicable laws and regulations.
Requirements
- Bachelor’s Degree, and Juris Doctorate
- License to practice law and in good standing
- 3+ years of relevant experience
- Proficient in researching, drafting, and negotiating legal agreements
- Good written and communication skills
- Ability to work independently
- Ability to understand and work within the business, compliance, and regulatory environment associated with procurement and the financial services industry
- Ability to develop technical, legal, and business knowledge in relevant areas, and willingness to develop cross-functional knowledge
- Ability to organize information, recommend solutions, communicate, and collaborate with legal and business professionals
Nice To Haves
- Knowledge of financial services industry and regulatory environment
- Knowledge of commercial law and procurement/supply chain processes
- Ability to work in a fast paced environment
- Attendance at continuing legal education seminars and professional forums that provide timely information on developments in the industry
Responsibilities
- Act as knowledgeable business partner by providing competent and effective legal advice and support.
- Provide procurement legal contract support for assigned clients with focus on obtaining business objectives while adequately addressing associated risks
- Perform legal research involving procurement issues
- Provide prompt legal counsel primarily to associate procurement strategists
- Effectively draft and negotiate contracts
- Participate in the contract negotiation process
- Identify and perform critical analysis of significant legal issues involving the procurement of goods and/or services
- Utilize high-quality oral and written communication skills
- Work with other legal professionals, including those in the Key Law Group and outside counsel
- Identify and effectively manage risk
- Identify risk issues and integrate the appropriate language into the agreement to mitigate such risk
- Collaborate with compliance and risk groups to identify, assess, and mitigate risk
- Elevate critical risk issues to line of business senior management as appropriate
- Keep informed of latest legal and regulatory trends.
- Develop and maintain strong collaborative and collegial relationships with clients, procurement and law group colleagues
- Develop and maintain collaborative and collegial relationships with outside attorneys and industry representatives
- Treat co-workers, clients, and external contacts with professionalism and respect
- Participate in project teams and support other lines of business as requested
Benefits
- Eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
