Valley National Bank
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Contracts Specialist
#25-1273
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Job Overview
At Valley Bank, we believe in people’s growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we’ve been the Bank that clients from every industry turn to for our expertise, strategies, and advice–building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth–with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.
At Valley, we’re all driven by an ambition that goes deeper than just having a job. That’s why when you work for us, we make it our goal to help you focus on what drives you–working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we’re a relationship bank built for growth, that’s not just reserved for our clients–that includes all our associates as well.
At Valley, we’re all driven by an ambition that goes deeper than just having a job. That’s why when you work for us, we make it our goal to help you focus on what drives you–working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we’re a relationship bank built for growth, that’s not just reserved for our clients–that includes all our associates as well.
We are looking for a highly motivated and detail-oriented individual to join our growing Legal team.
The Contracts Specialist will draft, review and negotiate a wide variety of contracts — from nondisclosure agreements (NDAs) to vendor services to technology contracts while ensuring compliance with legal/regulatory requirements and internal policies.
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Expected Work Hours
40
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Job Description
Responsibilities include but are not limited to:
- Prepare, review and edit both standard and non-standard contracts, including Non-Disclosure Agreements (NDAs), professional services agreements, purchase agreements, software license/SaaS agreements, and other business contracts.
- Ensure clarity, accuracy, and legal soundness in contract language to protect the bank’s interests.
- Collaborate with internal stakeholders (legal, procurement, business counterparts, etc.) and external parties to negotiate favorable contract terms. This includes negotiating clauses on confidentiality, indemnity, liabilities, payment terms, and service level expectations to achieve mutually beneficial agreements while mitigating risk.
- Assist in managing the contract lifecycle from draft to execution and renewal. This may involve coordinating approvals, maintaining version control, and ensuring all obligations and milestones are tracked.
- Address inquiries related to contract interpretation and provide guidance to business teams on contract obligations. Serve as a point of contact for clarifying contract scope, terminations, or ambiguities. Advise internal departments on compliance with contractual obligations in cost-effective ways.
- Verify that contract terms comply with all relevant laws, regulations, and company policies (e.g. interagency guidance, data privacy laws, internal risk policies).
- Analyze contract clauses to identify potential risks or conflicts.
- Recommend amendments or protective provisions to prevent future disputes.
- Resolve contract-related issues or escalate as needed, protecting the bank’s interests.
- Contribute to improving contract processes and may help develop contract playbooks, templates, or checklists to streamline review of recurring contract types. Must have working proficiency with contract management software.
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Requirements
Required Skills:
- Contract Law Knowledge: A strong understanding of contract law and legal terminology. Candidate should be well-versed in key contractual concepts (indemnities, warranties, limitations of liability, termination clauses, etc.) and stay updated on any laws or regulations that impact the bank’s contracts (for instance, financial regulatory compliance, privacy laws like CCPA for data in vendor contracts, etc.)
- Negotiation & Communication: Excellent negotiation skills and communication abilities are core skills for this role. Must confidently negotiate with outside parties (vendors, service providers, partners) to secure terms favorable to the bank, which requires persuasion and a clear understanding of the bank’s risk tolerance. The candidate will also need to communicate complex legal concepts in plain language to internal stakeholders.
- Organization & Time Management: Given the high volume of contracts that the bank handles, the ability to manage multiple contracts simultaneously and prioritize workload effectively is mandatory. Strong organizational skills — including maintaining meticulous records and tracking deadlines — are required.
- Detail Orientation and Analytical Skills: Candidate must be detail-oriented and employ analytical thinking to catch discrepancies or unfavorable terms.
- Technical Skills: Proficiency with contract management software or database systems. Additionally, general MS Office proficiency (especially Word for redlining contracts and Excel for tracking) is expected.
- A willing team player who can collaborate with attorneys, procurement professionals, and business owners is critical.
- Candidate must be able to work cross-functionally and adapt to fast-paced or changing business needs.
Required experience:
- Bachelor’s Degree and 5 years of relevant experience in commercial contract drafting management, analysis, and negotiation. Experience with emerging legal tech or AI tools is a plus.
Preferred Experience:
- Juris Doctor, Licensed Attorney: Strong preference for candidates who are licensed attorneys and have practiced law in the past. Familiarity with the banking or financial services industry is a strong plus.
- Experience with technology contracts (software licensing, SaaS, cloud services), outsourcing agreements, consulting agreements, and NDAs, is a strong plus.
- Preference for candidates who have shown initiative in improving contract processes — e.g., developing contract templates, implementing a contract tracking system, or training business teams on contracting policies.
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Full-time/Part-time
Full-time
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FLSA
Exempt
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Location(s).
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579 5th Ave, New York, New York 10017, United States
70 Speedwell Ave, Morristown, New Jersey 07960, United States
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Total Rewards Summary
We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.
In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.
In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.
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Job Details
Pay Range <sdf-tooltip _ngcontent-ng-c4503598582405439=”” attachmentpoint=”right” class=”hydrated”><sdf-icon _ngcontent-ng-c4503598582405439=”” slot=”tooltip-target” icon=”action-help” class=”left-sm-spacer hydrated” aria-hidden=”true” role=”presentation” aria-describedby=”tooltip-7613384758285557″></sdf-icon>Pay Range
The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.
The actual pay rate will depend on the person’s qualifications and experience.
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$83,100.00 – $143,500.00 / year</cx-job-details-section>
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Pay Transparency
In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to “Pay Transparency Law”; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.
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Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.
To help us track our recruitment effort, please indicate in your cover/motivation letter where (usajobvacancies.com) you saw this job posting.