Legal Procurement Advisor

Location:

Job Summary:

Responsibilities of the Procurement Legal Advisor:

Responsibilities for the Procurement Legal Advisor within the Key Procurement Department include understanding and negotiating standard procurement agreements; providing advice on regulatory compliance and legal requirements applicable to procurement contracts; and participating in procurement negotiations. The role ensures that desired business and legal terms and conditions are accurately captured in each agreement and that contracts appropriately reflect Key’s risk tolerances. This position works closely with internal risk partners and internal clients to ensure business and regulatory requirements are met and provides legal counsel primarily to procurement strategists.

Success Criteria:

Success in this role includes the ability to effectively negotiate a high volume of agreements and efficiently manage the standard procurement agreement process. The Procurement Legal Advisor works collaboratively with KeyCorp risk groups and lines of business to assess business needs and associated risks and ensures that all procurement contracts comply with applicable laws and regulations.

Essential Functions:

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 procurement issues
• Provide prompt legal counsel primarily to associate procurement strategists

Desired Outcome:

• 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 competitive advantage and procurement savings targets of the organization.

Effectively draft and negotiate contracts

• Participate in the contract negotiation process
• Identify and perform critical analysis of significant  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

Desired Outcome:

• 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 mitigate 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.

Desired Outcome:

• Sound legal judgment resulting in reasonable risk-appropriate decisions.
• Procurement 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, procurement 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

Desired Outcome:

• Support partners, clients and co-workers and be known as being an approachable, responsive, and knowledgeable resource.
• Gain respect of co-workers, clients, senior management, and external contacts.

Education

• Bachelor’s Degree, and Juris Doctorate
• License to practice law and in good standing

Work Experience

• 3+ years of relevant experience
• Proficient in researching, drafting, and negotiating 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 procurement 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
• Knowledge of financial services industry and regulatory environment (preferred)
• Knowledge of commercial law and procurement/supply chain processes (preferred)
• Ability to work in a fast paced environment (preferred)
• Attendance at continuing legal education seminars and professional forums that provide timely information on developments in the industry (preferred)

Essential Competencies and Skills:

• Accountability:  Keeps promises and honors commitments; accepts responsibility for mistakes and failures and learns from them; honors commitments and demonstrates open, honest communication.
• Effective Collaboration:  Identifies and involves the right stakeholders to make decisions and maximize results; readily shares information, knowledge, best practices, and ideas with teammates; leverages opportunities and capabilities across the team to accomplish goals; attentive and active listener; has the patience to hear people out; can accurately restate the opinion of others even when he/she disagrees.
• Client Focus: Dedicated to meeting the expectations and requirements of internal clients; acts with shareholder value  in mind; establishes and maintains effective relationships with and gains their trust and respect.
• Business Acumen:  Knows how businesses work; knowledgeable in current and possible future policies, practices, trends, and information affecting his/her business and organization; knows the competition; is aware of how strategies and tactics work in the marketplace.
• Developing Self:  Takes ownership of personal development plan and seeks opportunities to further develop professional effectiveness. 

Core Competencies

• All KeyBank employees are expected to demonstrate Key’s Values and abide by Key’s Code of Conduct. 

Physical Demands

• General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

Work Location Category

• Hybrid (3+ days)

COMPENSATION AND BENEFITS

Please click here for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.