Procurement Paralegal

What will be your DAY-TO-DAY? 1. Negotiating, Reviewing, and Editing Vendor Contracts Core focus: Contract drafting, negotiation, risk assessment, and stakeholder alignment. Day-to-day responsibilities

• Review and negotiate a wide range of procurement and vendor agreements, including:
• IT services
• Software and hardware
• Facilities and corporate real estate
• Consulting and professional services
• Market data services
• HR services
• Non-disclosure agreements (NDAs)
• Participate in vendor negotiations alongside sourcing managers to achieve commercially and legally acceptable terms.
• Analyze contractual language and identify provisions that:
• Deviate from company standards
• Exceed the organization's risk tolerance
• Create legal, regulatory, operational, or financial exposure
• Draft, edit, and redline contract clauses to align with company requirements and market standards.
• Partner with Legal, Compliance, IT Risk, and other subject matter experts to resolve complex contractual issues and obtain required approvals.
• Ensure contracts are legally enforceable and escalated for legal review when necessary.
• Prepare risk memoranda summarizing non-standard legal and commercial terms, mitigation strategies, and approval recommendations for management.

2. Document and Template Management Core focus: Contract governance, template maintenance, policy compliance, and process improvement. Day-to-day responsibilities

• Ensure all sourcing and vendor agreements comply with company-approved templates, contractual policies, and governance requirements.
• Maintain, update, and enhance standard contract templates and framework agreements based on:
• Legal guidance
• Regulatory requirements
• Industry and market practices
• Internal risk standards
• Manage contract documentation and support accurate recordkeeping throughout the sourcing and contracting lifecycle.
• Coordinate contract review workflows and facilitate timely submission to the Legal department.
• Review and improve internal contracting policies, procedures, and documentation standards.
• Standardize contractual language and maintain approved clause libraries and template repositories.
• Support continuous improvement initiatives aimed at increasing efficiency, consistency, and compliance within the vendor contracting process.