Bank of Hope

Enterprise Contracts Counsel

Bank of Hope • $200K — $225K *
Los Angeles, CA 90011In-Person
Legal & Accounting
8 - 10 years of experience
More than 3 months ago
Job Overview by Ladders

Qualifications

  • Juris Doctor (J.D.) degree from an accredited US law school
  • Licensed to practice law (California preferred)
  • 10+ years of experience in negotiating legal and business terms
  • Experience in the financial services sector
  • Strong analytical, organizational, and interpersonal skills

Responsibilities

  • Manage a team of contracts professionals in various roles
  • Draft, review, and negotiate a wide range of contracts to mitigate risk
  • Establish contract guidelines in accordance with regulatory standards
  • Develop and maintain standard contract templates
  • Collaborate with various departments to understand business objectives
  • Liaise with third parties during contract negotiations and execution
  • Advise management on contractual rights and obligations

Benefits

  • Professional development opportunities
  • Collaborative work environment
  • Exposure to high-level negotiation processes and contract management
  • Involvement in cross-functional teams
  • Contribution to key company programs and risk management initiatives
Full Job Description
  • Manage a team of contracts professionals, including but not limited to, Contracts Manager, Contract Administrator, Enterprise Contracts Counsel.
  • The Contracts Management and Development team will: draft, review, and negotiate contracts, such as non-disclosure agreements, professional services agreements, software-a-service agreements, statements of work, amendments, change orders, etc., within established guidelines to mitigate contractual risk.
  • Establish and maintain contract guidelines that are compliant with FFEIC, FDIC, and other relevant regulatory agencies to mitigate contractual risk, while ensuring business goals and objectives are clearly defined in the contract(s).
  • Develop and maintain standard contract templates and clauses.
  • Collaborate with Third Party Risk Administration, Procurement and Sourcing, and Business Units to fully understand the business objectives and understand the risks arising out of the proposed engagement.
  • Liaise directly with third parties during the negotiation through contract execution process actively leading the Bank of Hope team.
  • Advise management of contractual rights, issues and obligations providing interpretation of terms and conditions.
  • Identify high risk legal, commercial and other contractual issues, escalating and assisting in their resolution.
  • Provide guidance to develop proper Service Level Agreements ensuring meaningful remedies are included by working with Vendor Risk and Sourcing and the requesting business unit.
  • Responsible for the maintenance and on-going improvement of the Contracts Management and Development Program element within TPRM, including identifying opportunities to improve contract management processes, policies and procedures and devise plans to implement changes


Job Qualifications/Requirements

Education/Credentials

  • Juris Doctor (J.D.) degree from an accredited US law school
  • Licensed to practice law (California preferred)


Skills

  • Experience related to financial services company.
  • Experience in negotiating legal and business terms (10+ years).
  • Ability to create new procedures and workflows.
  • Ability to work cross-functionally with stakeholders and leadership.
  • Experience in presenting to senior management
  • Excellent negotiation skills
  • Exceptional collaboration and analytical skills
  • Excellent writing skills
  • Proven ability to manage multiple competing priorities simultaneously
  • Excellent organizational, interpersonal and communication skills
  • High attention to detail
  • Strong analytical and critical thinking skills
  • Proven ability to manage multiple competing priorities simultaneously


The salary range for this full-time position is $200,000.00 - $225,000.00 + bonus + benefits

Salary ranges are determined based on qualifications, level, and location.

Exact compensation may vary based on your skills and experience.

About Bank of Hope

Bank of Hope is a commercial bank headquartered in Los Angeles, California. It was founded in 1976 as BBCN Bank and changed its name to Bank of Hope in 2017. The bank provides a wide range of financial products and services to individuals, small businesses, and commercial clients, including deposit accounts, loans, credit cards, and wealth management services. Bank of Hope operates more than 50 branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama. The bank is committed to serving the needs of the Korean-American community and other diverse communities, and has been recognized for its efforts to promote diversity and inclusion in the workplace.
Learn more about Bank of Hope
Size
1,300 employees
Industry
Finance & Insurance
* Ladders Estimates

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