At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
Job Description
The U.S. Bank Law Division is seeking an experienced attorney to join the Enterprise Procurement Legal Team . We are looking for an individual who can work independently but collaboratively in a fast-paced and collegial team environment. Ideal candidates will have experience supporting an enterprise contracting function and negotiating technology contracts.
The position offers candidates a career with exposure to enterprise-wide contracting, with a focus on technology contracts, while working directly with business line executives and collaborating with business units and legal professionals at U.S. Bank.
This role will work directly with enterprise procurement and internal contracting teams with negotiating, drafting and reviewing enterprise vendor contracts for all business units, including major technology contracts (e.g., licensing, maintenance, cloud services, offshore, outsourcing, SaaS, PaaS, IaaS, mainframe, hardware purchasing, NDAs, and telecommunications agreements). This attorney will also collaborate with Law Division colleagues, Third-Party Risk Management (TPRM), and the Enterprise Procurement team to develop and implement enhancements to the process for escalating and reviewing critical legal issues in vendor contracts.
JOB FUNCTION & RESPONSIBILITIES
Draft, negotiate and review enterprise procurement contracts.
Collaborate with internal stakeholders, including legal, procurement, internal contracting, TPRM, technology, and operations teams to ensure that contractual terms align with business objectives and risk tolerance.
Analyze contractual risks and partner with Law Division peers and clients to develop strategies to mitigate them.
Provide guidance and support to internal teams on contract-related matters, including contract interpretation.
Advise businesses on legal and regulatory compliance and company policies and procedures.
Stay abreast of relevant market, legal and regulatory developments.
BASIC QUALIFICATIONS
Law degree
Licensed in good standing to practice law in at least one jurisdiction
PREFERRED SKILLS/EXPERIENCE
8 to 12 years of relevant experience in-house or at a law firm
Ability to effectively advise business executives on risk-based terms
Demonstrated experience analyzing and interpreting existing agreements
Experience providing legal support for the procurement and contract services functions of a financial institution, a Fortune 500 company or another company in a regulated industry.
Ability to strategically prioritize and manage concurrent projects
Experience with SaaS, cloud, PaaS, IaaS, mainframe contracts
Experience with OCC requirements
Experience with information security and privacy
Experience with negotiating AI terms in vendor contracts
Strong written, verbal, and interpersonal communication skills
Well-developed leadership abilities and strategic management skills
Ability to assess risks and provide thoughtful advice in a fast-paced environment
LOCATION REQUIREMENTS
This role requires working from a U.S. Bank location three (3) or more days per week.
We are proud that U.S. Bank has been recognized as a World's Most Ethical Company® by the Ethisphere Institute and has been named the #1 Most Admired Superregional Bank by Fortune magazine.
Successful candidates for a position in the U.S. Bank Law Division support U.S. Bank's core values, which guide what we do every day:
We do the right thing.
We power potential.
We stay a step ahead.
We draw strength from diversity.
We put people first.
In the U.S. Bank Law Division, we honor those values through our mission: "we guide our clients to remarkable results with expert legal counsel and ethical leadership." Our commitment is evident in the work we do, not only for the Bank, but for our communities. The Law Division has received several awards for its pro bono contributions, including the Minnesota Corporate Pro Bono Council's "Excellence in Pro Bono Award," and we encourage our legal professionals to contribute time and expertise to pro bono work as part of their role.
If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Benefits:
Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Review our full benefits available by employment status here (https://careers.usbank.com/global/en/benefits/us) .
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $149,515.00 - $175,900.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
