Principal Associate, Contract Management

at Capital One Services II, LLC in Wilmington, Delaware, United States

Job Description

Job ID: R152535

Center 1 (19052), United States of America, McLean, Virginia

Principal Associate, Contract Management

At Capital One, we dare to dream, disrupt and deliver a better way. Our goal is simple - bring ingenuity, simplicityand humanity to an industry ripe for change. We are seeking a Principal Associate, Contract Manager to join ourEnterprise SupplierManagement (ESM) team. In ESM, we empower associates to deliver their best by cultivating aculture of inclusionand belonging, where varying perspectives and opinions are valued. We embrace each other'sdifferences andencourage all team members to lean into their talents and skills to deliver superior experiences forboth internal and external clients.

As a Principal Associate, Contracts Manager, you will work in a collaborative environment that values insight, creative thinking, problem solving, intellectual curiosity and a growth mindset. You will partner with world-class professionals to bring procurement resources, tools, methodologies and judgment to business units. You will work closely with internal business resources, procurement stakeholders, legal and other stakeholders across the enterprise to ensure all third-party agreements meet Capital One's contracting standards and requirements. As the lead for negotiating contracts with third parties, this role is essential in the execution of an agreement to manage and mitigate risk and lay out the responsibilities of the parties. You will draft and negotiate low to medium risk contracts to drive business value.

If you enjoy connecting with others, collaborating on cross-functional teams and negotiating deals, we are looking forYOU. Come be a part of something special where you work with teams who appreciate your contributions, and where sharing your thoughts and ideas is encouraged.

Key responsibilities of the Contracts Manager, Manager role include:

Assessment and Planning: Assessing transactions and creating deal strategies. You will work closely with business customers and internal stakeholders to understand needs, determine the risks and design appropriate execution plans.

Drafting: Drafting and/or redlining contracts to ensure that Capital One is adequately protected from risk leveraging industry best practices and subject matter expertise

Negotiation: Effectively negotiate with Suppliers to produce contracts within Capital One contracting standards and business objectives. You will be responsible for planning and executing negotiation strategy in a timely manner while remaining flexible to changing circumstances and partnering with internal team resources as needed.

Transaction Management: Managing transactions independently, efficiently and driving to completion in a timely manner. As the central point of contact for each contract, you will leverage your organizational skills and influence to ensure deals are negotiated and executed in accordance with business and ESM timelines.

Communication: Effectively communicating with fellow associates, leadership, and third parties. You will regularly communicate with internal stakeholders including the line of business, legal, compliance and data security groups to determine what risks are truly material in each transaction.

Collaboration: Working closely with the larger ESM team, and stakeholders as appropriate.

Strategic Advice: Serving as a subject matter expert on Capital One's Contract and Third Party Management Policies & Procedures. You will explain what we do and why we do it to internal stakeholders to minimize risk while building a better way to protect the broader organization.

Note: Limited travel may be required.

Basic Qualification

At least 2 years of experience in contract drafting, evaluation, negotiation, and execution or relevant legal experience

Bachelor's Degree or Military experience

Preferred Qualifications:

Juris Doctorate

At least 2 years of Procurement, Legal or Supply Chain experience

At least 2 years of experience in reviewing contract redlines and proposals as part of RFP's

At least 2 years of... For full info follow application link.

Capital One is an equal opportunity employer committed to diversity in the workplace. Capital One promotes a drug-free workplace. 

All qualified applicants will receive consideration for employment without regard to gender, race, color, religion, national origin, sexual orientation, protected veteran status, or disability status.

Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; Newark, New Jersey Ordinance 12-1630; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries. 


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Job Posting: 1018568

Posted On: Aug 11, 2022

Updated On: Sep 10, 2022