Contracts Specialist - Morristown, NJ

Job Overview

Valley Bank is looking for a highly motivated and detail-oriented Contracts Specialist to join our Legal team. The Contracts Specialist will draft, review and negotiate a wide variety of contracts—from nondisclosure agreements (NDAs) to vendor services and technology contracts—while ensuring compliance with legal/regulatory requirements and internal policies.

We are a relationship bank built for growth, with over $60 billion in assets and a nationwide presence. We value growth, collaboration, and the ability to turn passions and strengths into assets for professional development.

40 hours per week

• Prepare, review and edit standard and non-standard contracts, including 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, including confidentiality, indemnity, liabilities, payment terms, and service level expectations; mitigate risk.
• Assist in managing the contract lifecycle from draft to execution and renewal, coordinating approvals, maintaining version control, and tracking obligations and milestones.
• Address inquiries related to contract interpretation; provide guidance to business teams on contract obligations. Act as a point of contact for clarifying contract scope, terminations, or ambiguities; advise on compliance with contractual obligations in cost-effective ways.
• Verify that contract terms comply with applicable laws, regulations, and company policies (e.g., data privacy, interagency guidance, internal risk policies).
• Analyze contract clauses to identify risks or conflicts; recommend amendments or protective provisions to prevent disputes.
• Resolve contract-related issues or escalate as needed to protect the bank’s interests.
• Contribute to improving contract processes; may help develop playbooks, templates, or checklists to streamline review of recurring contract types. Must have working proficiency with contract management software.

• Required Skills:
  Contract Law Knowledge
  :
  Strong understanding of contract law and legal terminology; familiarity with indemnities, warranties, limitations of liability, termination clauses, and relevant regulations (e.g., financial regulatory compliance, privacy laws).
• Negotiation & Communication
  :
  Excellent negotiation and communication abilities; ability to explain complex legal concepts in plain language to internal stakeholders and to negotiate terms with outside parties.
• Organization & Time Management
  :
  Ability to manage multiple contracts, prioritize workload, maintain meticulous records, and track deadlines.
• Detail Orientation & Analytical Skills
  :
  Detail-oriented with strong analytical thinking to identify discrepancies or unfavorable terms.
• Technical Skills
  :
  Proficiency with contract management software and MS Office (Word for redlining, Excel for tracking).
• Team-oriented and able to collaborate with attorneys, procurement professionals, and business owners; able to work cross-functionally in a fast-paced environment.

Experience

• Required Experience: 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.

• Preferred Experience: Juris Doctor, licensed attorney; familiarity with banking/financial services; experience with technology contracts (software licensing, SaaS, cloud services), outsourcing, consulting agreements, and NDAs; initiative in improving contract processes (templates, tracking systems, training).

• Full-time/Part-time: Full-time
• FLSA: Exempt

579 5th Ave, New York, NY 10017; 70 Speedwell Ave, Morristown, NJ 07960 (United States). Multiple Locations.

We offer a comprehensive total rewards package including base salary, potential incentives, and a robust benefits program. Details provided during the hiring process.

Pay Range: $83,100.00 – $ per year. The actual rate depends on qualifications and experience. Pay transparency information is provided to comply with applicable laws.