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Contracts Manager

Job ID R77564 Updated date 06/11/2019 Location Richmond, Virginia
West Creek 4 (12074), United States of America, Richmond, Virginia

At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding.                                               

Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good.

Contracts Manager

Capital One's Enterprise Supply Management department (ESM) leads all procurement efforts and activities within the enterprise (sourcing, contracting, supplier management and category management of Capital One's spend and engagement with its third parties). By joining ESM, you will be:
  • Joining a leading edge procurement organization that has actively embraced and utilizes emerging automation technologies to transform the way we work and support our internal customers
  • Joining a progressive, strategic and proactive organization that is embraced and widely known across the enterprise
  • Joining a team that is co-located with the business lines we support and they depend on us to manage all aspects of the supplier lifecycle while playing a major role in support of their strategic initiatives that involve a supply chain component 
  • Joining a high driven team that supports learning and development and cultivates curiosity, fosters development, and simplifies knowledge sharing

As a Contract Specialist, you will draft and negotiate third-party complex contracts. You will work closely with internal business resources and procurement stakeholders to ensure all third-party agreements meet Capital One’s legal and third-party management policies. You will partner with world-class professionals to bring procurement resources, tools, methodologies and judgment to business units to "get the right deal with the right supplier.” And it will happen in a collaborative environment that values insight, creative thinking, group problem solving and rewards intellectual curiosity and a growth-minded spirit.  To be successful in this role, you must possess exceptional written and oral communication skills coupled with an ability to manage a high volume workload in a fast-paced, dynamic environment.

Key responsibilities of the Contract Specialist role include:

  • Assessment and Planning: Assessing transactions and creating deal strategies. You will work hand in hand with business associates and internal stakeholders to understand the need, determine the risks, and craft a right-sized approach in light of risk and nature of the deal.

  • Drafting: Drafting and/or redlining contracts in accordance with Capital One’s contracting standards.  Whether redlining supplier paper or starting from Capital One agreement, you will ensure the right terms are in place for each contract given business needs and risk. Creativity in drafting is often required.

  • Negotiation: Effectively negotiating to produce contracts within Capital One Policies and business objectives. You will be responsible for planning and executing a negotiation strategy in a timely manner while remaining flexible to changing circumstances and needs. Problem-solving and critical thinking skills are a must.

  • Communication: Confidently 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. You will fight the good fight against legalese and contract jargon to clearly explain risks in various scenarios, with an ability to determine what risks are truly material in each transaction.

  • 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 need to apply exceptional organization skills and influence to ensure deals are negotiated and executed in accordance with business and ESM timelines.

  • Collaboration: Working closely with the larger Enterprise Supplier Management 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 minimize risk while building a better way.

  • Some travel will be required.

Basic Qualifications:

• Bachelor's Degree or Military experience

• At least 3 years of experience drafting or negotiating contracts

Preferred Qualifications:

• Juris Doctorate

• Procurement, Legal or Supply Chain experience

At this time, Capital One will not sponsor a new applicant for employment authorization for this position. No agencies please.  

No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. 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; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).