Contracts Specialist - Morristown, NJ

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.

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.

• 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.

• 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.

• 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.

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.