The Role
Review, draft, and negotiate purchase agreements for goods and services; select contract templates and clauses; coordinate with Strategic Sourcing, Legal, control groups, and subject matter experts; maintain contract templates and regulatory terms; consult on post-contract issues; support special projects and ensure risk and control processes are integrated into contracting activities.
Summary Generated by Built In
Are you ready to make an impact at DTCC?
Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.
Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC’s competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.
Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.
Finance is one organization composed of ten functions forming the financial backbone of DTCC, leaders who stand at the forefront of DTCC’s competitive endeavors across the globe. From accountants and financial analysts to internal consultants and workplace designers, the CFO Organization employs diverse individuals who work together to help make DTCC a global leader in the financial services industry.
Pay and Benefits:
- Competitive compensation, including base pay and annual incentive
- Comprehensive health and life insurance and well-being benefits, based on location
- Pension / Retirement benefits
- Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
- DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).
The Impact you will have in this role:
The Contracts Lead is responsible for the initial legal review, and ultimate negotiation, of proposed agreements for the purchase of goods and/or services in collaboration with the Business Unit, Strategic Sourcing, Legal, and Control Group(s) as necessary.
Your Primary Responsibilities:
- Partner with Strategic Sourcing and Procurement to select the appropriate Contract Template or Standard Clause(s) for proposed agreements.
- Conduct redline review of proposed agreements of various complexities, including the drafting of nonstandard commercial and legal terms.
- Participate in negotiations with Suppliers regarding proposed agreements.
- Liaise with TPR, Control Group(s), and Subject Matter Experts, as necessary.
- Ensure clear and prompt communication with Business Unit, Strategic Sourcing, Legal, and Control Group(s), as necessary.
- Keep current with law, regulations, and regulatory guidance as needed to integrate appropriate terms into proposed agreements and provide upkeep to Contract Templates and Standard Clauses.
- Consult on post-contract issues, as necessary.
- Drive select, special projects in support of Departmental and Firm-wide initiatives.
- Perform other duties as assigned.
- Consistently demonstrates the values, shows composure under pressure and maintains high professional standards in all situations.
- Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; escalates appropriately
Qualifications:
- Minimum of 4 years of related experience
- Bachelor's degree preferred or equivalent experience
Talents Needed for Success:
- Demonstrate a thorough level of capabilities and proven track record of success working with Sourcing principals and methodologies, preferably for a global financial services firm.
- Highly specialized knowledge of principles, practices, and procedures of contract drafting and negotiation, and the liabilities and risks associated with the acquisition of goods, services, and technology.
- In-depth knowledge of the risk and regulatory environment to analyze impact of medium to high complexity sourcing projects.
- Thorough understanding of the Firm structure, standards, and business objectives.
- Provide succinct and clear communication, both written and verbal, to a wide variety of audience, including writing clear and unambiguous contract terms.
The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Skills Required
- Minimum of 4 years of related experience
- Bachelor's degree or equivalent experience
- Experience working with Sourcing principals and methodologies, preferably in financial services
- Highly specialized knowledge of contract drafting, negotiation, and associated liabilities and risks
- In-depth knowledge of the risk and regulatory environment for medium to high complexity sourcing projects
- Thorough understanding of firm structure, standards, and business objectives
- Strong written and verbal communication, including drafting clear and unambiguous contract terms
- Ability to select contract templates, conduct redline reviews, negotiate with suppliers, and liaise with control groups
The Depository Trust & Clearing Corporation (DTCC) Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about The Depository Trust & Clearing Corporation (DTCC) and has not been reviewed or approved by The Depository Trust & Clearing Corporation (DTCC).
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Healthcare Strength — Medical, dental, and vision coverage are comprehensive and include mental health support, in-network preventive care, and company-supported HSA/FSA options. Company HSA contributions plus life, AD&D, and disability coverage further reinforce depth of protection.
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Retirement Support — A 401(k) with company matching and references to pension-related benefits provide meaningful long-term savings support. Charitable contribution matching and financial-planning resources complement the core retirement offerings.
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Parental & Family Support — Generous parental leave, adoption assistance, childcare benefits, and dependent care FSAs indicate strong support for families. Back-up care and specialized family health programs are highlighted as part of the package.
The Depository Trust & Clearing Corporation (DTCC) Insights
What's It Like to Work at The Depository Trust & Clearing Corporation (DTCC)?
The Depository Trust & Clearing Corporation (DTCC) Culture & Values
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The Depository Trust & Clearing Corporation (DTCC) Leadership & Management
The Depository Trust & Clearing Corporation (DTCC) Company Growth, Stability & Outlook
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The Company
What We Do
With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 21 locations around the world, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2021, DTCC’s subsidiaries processed securities transactions valued at nearly U.S. $2.4 quadrillion. Its depository provides custody and asset servicing for securities issues from 177 countries and territories valued at U.S. $87.1 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes 16 billion messages annually. To learn more, please visit us at www.dtcc.com.
