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KeyBank Legal Procurement Advisor in Cleveland, Ohio

Legal Procurement AdvisorinCleveland, OHatKey Bank- Corporate

Date Posted: 3/26/2020

Job Snapshot

  • Employee Type: Full-Time

  • Location: 100 Public Square Cleveland, OH

  • Job Type: Legal

  • Experience: Not Specified

  • Date Posted: 3/26/2020

About Us

Headquartered in Cleveland, Ohio, KeyCorp (Key) is one of the nation s largest financial services companies. Key provides investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.

Our goal is to be the best regional bank in the U.S. What that means is we put our clients needs first and take a customized approach to meeting those needs. At Key we ve made a promise to our clients that they will always have a champion in us. To deliver on that promise, we re committed to building a team of engaged employees who do the right thing for our clients and help them achieve their financial goals each and every day.

Job Description

ABOUT THE JOB

Responsibilities for Procurement Legal Advisor within the Key Procurment Department include: The ability to understand and negotiate standard procurement agreements, provide advice regarding regulatory compliance and legal requirements that pertain to procurement agreements, participate in procurement negotiations, assure that the desired business and legal terms and conditions are captured and contained in the agreement, ensure that the agreements appropriately address Key s risk tolerances, work closely with internal risk partners and internal clients to assure business/regulatory needs are met, and provide legal counsel primarily to procurement strategists.

Success criteria include: Effectively negotiate a high volume of agreements, manage the standard procurement agreement process; work closely with all KeyCorp risk groups and lines of business to assess both business needs and risks, and assure that Key s procurement contracts are in compliance with applicable laws and regulations.

ESSENTIAL JOB FUNCTIONS

What How Outcome 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 procurment issues

  • Provide prompt legal counsel primarily to associate procurement strategists

Client requests receive timely and collegial responses providing final resolution or an acceptable date for completion/delivery.

Workload for diverse client base, including diverse requests, is organized and prioritized in accordance with reasonable delivery dates.

Clients procurement needs are met to allow Key to maintain a competitve advantage and procurment savings targets of the the organization.

Effectively draft and negotiate contracts

  • Participate in the contract negotiation process

  • Identify and perform critical analysis of significiant 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

Contracts are completed within a reasonable time and adequately address the business needs while protecting Key s interests.

Identify and effectively manage risk

  • Identify risk issues and integrate the appropriate language into the agreement to mitigatre 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.

Sound legal judgment resulting in reasonable risk-appropriate decisions.

Procurment Advisor viewed as significant participant in the procurement risk assessment process by manager, senior management, risk officers, and clients.

Develop effective and collaborative relationships

  • Develop and maintain strong collaborative and collegial relationships with clients, procurment 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

Support partners, clients and co-workers and be known as being an approachable, responsive, and knowledgeable resource.

Gain respectof co-workers, clients, senior management, and external contacts.

REQUIRED QUALIFICATIONS

  • Bachelor s Degree, Juris Doctorate

  • License to practice law and in good standing

  • 3-5 years of relevant experience

  • Proficient in researching, drafting, and negotating 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 procurment 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

PREFERRED QUALIFICATIONS

  • Basic 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

FLSA STATUS: Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

41170BR

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