Capital One Principal Associate Contract Management 

United States, Virginia, Richmond 

106322349

West Creek 7 (12077), United States of America, Richmond, Virginia Principal Associate, Contract Management

Principal Associate, Contract Management

As ayou 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.

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 Qualifications:

• Bachelor's Degree or Military experience
• At least 3 years of experience in contract drafting, evaluation, negotiation, and execution

Preferred Qualifications:

• Juris Doctorate
• At least 3 years of experience in Procurement, Legal or Supply Chain experience
• At least 3 years of experience in reviewing contract redlines and proposals as part of RFP’s
• At least 4 years of experience creating and executing contracting and negotiation strategies

. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.