The Role
Manages the full contract lifecycle, including drafting, reviewing, negotiating, executing, renewing, and monitoring client and vendor agreements. Identifies and mitigates legal, commercial, financial, compliance, privacy, and security risks; maintains contract repositories, risk registers, templates, governance processes, obligation tracking, and dashboards. Collaborates with Legal, Finance, Procurement, Risk, and business stakeholders, supports audits and disputes, and provides contractual guidance.
Summary Generated by Built In
Position Overview: The Contract and Legal Specialist will be responsible for managing the end-to-end contract lifecycle, driving contract governance, legal risk management, and contractual compliance, across vendor and client engagements. This role requires strong analytical skills, attention to detail, and the ability to collaborate cross-functionally with Legal, Finance, Procurement, Risk, and Business teams.
Job Responsibilities:
- Manage the end-to-end contract lifecycle, including drafting, reviewing, negotiating, and executing contracts such as client agreements, vendor agreements, service agreements, NDAs, and amendments.
- Analyse contractual terms and conditions to ensure alignment with company policies, legal requirements, and business objectives.
- Independently review and redline customer, vendor, partner, procurement, technology, SaaS, consulting, and confidentiality agreements, identifying legal, commercial, operational, financial, compliance, data privacy, and information security risks.
- Identify, assess, and mitigate contractual risks, highlighting deviations from standard terms and recommending appropriate changes.
- Develop, maintain, and regularly update a Contractual Risk Register, documenting key contractual risks, risk owners, mitigation actions, obligations, and status tracking
- Collaborate with Legal, Procurement, Finance, Risk, and Business stakeholders to ensure contracts meet operational, financial, and compliance requirements.
- Maintain and update the contract repository, ensuring proper version control, documentation accuracy, and audit readiness.
- Track and monitor key contractual obligations, including SLAs, KPIs, deliverables, and critical milestones, ensuring timely compliance and performance.
- Support contract negotiations by analysing commercial terms, pricing models, and benchmarking against internal standards and market practices.
- Assist in contract renewal management, identifying upcoming expiries, evaluating contract performance, and supporting renegotiation or termination decisions.
- Ensure proper flow-down of contractual terms into purchase orders, vendor communications, and related procurement documentation.
- Conduct vendor due diligence and risk assessments, including financial, operational, and compliance evaluations.
- Support audit and compliance activities, ensuring all contract and procurement documentation meets internal policies and regulatory standards.
- Provide contractual guidance and interpretation to internal stakeholders to support effective decision-making.
- Assist in resolving
contract-related disputes, escalations, and performance issues in coordination
with internal and external stakeholders.
- Monitor compliance with data protection, confidentiality, and information security requirements within contractual arrangements.
- Own the development, standardization, maintenance, and continuous improvement of contract templates, clause libraries, negotiation playbooks, approval matrices, and governance frameworks.
- Continuously monitor internal business requirements, legal developments, regulatory changes, industry standards, customer expectations, and market practices, and proactively recommend updates to contract templates, standard clauses, and contracting processes.
- Establish and maintain contractual governance processes, including contract review workflows, approval mechanisms, escalation procedures, and exception management controls.
- Prepare reports and insights on contract utilization, compliance status, cost savings, and vendor performance.
- Develop and maintain contract metrics and dashboards to provide visibility into contractual commitments, key risks, deviations from standard terms, and overall contract portfolio health.
Requirements
- Bachelor’s degree in Law, Business Administration, Finance, or a related field.
- 3 to 6 years of professional experience in contract management, procurement, or a related function.
- Strong understanding of contractual terms, legal concepts, and risk management principles.
- Demonstrated experience reviewing and negotiating customer and vendor contracts, including NDAs, MSAs, SaaS agreements, service agreements, procurement agreements, and statements of work.
- Experience working with cross-functional stakeholders in a corporate environment.
- Good knowledge of procurement processes and vendor management practices.
- Experience maintaining contract repositories, contract management systems (CLM), contractual obligation tracking, and risk registers
- Proficiency in Excel and contract/procurement management tools is an added advantage.
- Excellent analytical, communication, and negotiation skills.
- High attention to detail with strong organizational and documentation abilities.
- Ability to identify emerging contractual risks and proactively recommend changes to templates, clauses, and governance processes based on evolving business, legal, regulatory, and commercial requirements.
Skills Required
- Bachelor's degree in Law, Business Administration, Finance, or a related field
- 3 to 6 years of professional experience in contract management, procurement, or a related function
- Strong understanding of contractual terms, legal concepts, and risk management principles
- Experience reviewing and negotiating customer and vendor contracts, including NDAs, MSAs, SaaS agreements, service agreements, procurement agreements, and statements of work
- Experience working with cross-functional stakeholders in a corporate environment
- Knowledge of procurement processes and vendor management practices
- Experience maintaining contract repositories, contract management systems, contractual obligation tracking, and risk registers
- Proficiency in Excel and contract or procurement management tools
- Excellent analytical, communication, and negotiation skills
- Strong attention to detail, organizational ability, and documentation skills
- Ability to identify emerging contractual risks and recommend updates to templates, clauses, and governance processes
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The Company
What We Do
Facctum is a compliance-technology company that helps financial institutions manage financial-crime risk. Its software provides watchlist management, customer and payment screening, transaction monitoring, alert adjudication, and related due-diligence capabilities. Using machine learning, dynamic screening, and data-centric tooling, Facctum aims to improve detection, regulatory compliance, operational efficiency, and customer experience across complex financial-services environments through configurable, scalable platforms designed for regulated organizations worldwide.
