Procurement Paralegal
Responsibilities
**What will be your DAY-TO-DAY?
**
- 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.
- 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 a...
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