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Assistant General Counsel, Contracts

Job in Morristown, Morris County, New Jersey, 07960, USA
Listing for: Valley National Bancorp
Contract position
Listed on 2026-06-21
Job specializations:
  • IT/Tech
    Cybersecurity, Information Security & Data Protection
Job Description & How to Apply Below
Responsibilities include but are not limited to:

* Contract Drafting, Negotiation & Advisory

* Draft, review, negotiate, and advise on a broad range of technology and commercial contracts, including:

* SaaS / Cloud Services Agreements (subscription models, service terms, SLAs, support, renewals).

* Software Licenses.

* Consulting & Professional Services Agreements (SOWs, change orders, milestone-based deliverables).

* Data Agreements (data sharing, data use restrictions, data processing terms, analytics, model training restrictions where applicable).

* Vendor/Partner Agreements involving integrations, APIs, implementation, and managed services.

* Provide pragmatic counsel on contract structure and key negotiation points, including scope, pricing, indemnities, limitations of liability, warranties, IP ownership, confidentiality, security obligations, and termination rights.

* Translate legal concepts into clear, actionable guidance for business partners and help drive deals to closure efficiently.

* Risk Management & Compliance Collaboration

* Partner with Privacy and Information Security teams to evaluate and negotiate contractual provisions regarding:

* Data protection and privacy requirements (e.g., handling of personal and sensitive data).

* Security controls, incident notification, audit rights, and vendor governance.

* Subprocessors/subcontractors, cross-border considerations, and data retention/destruction.

* Support third-party risk management processes by ensuring contracts align with internal policies and controls.

* Identify recurring legal risks and recommend playbooks, fallback positions, and process improvements.

* Process Improvement & Cross-Functional Enablement

* Develop and maintain contract templates, clause libraries, playbooks, and training materials for stakeholders.

* Drive improvements in contracting workflows, including partnership with procurement and CLM tools.

* Provide internal training for business clients on key contract terms, negotiation strategy, and risk awareness.

* Stakeholder Management & Leadership

* Serve as the primary legal point of contact for assigned business units and build trusted relationships with leaders and cross-functional teams.

* Manage outside counsel as needed for specialized matters, including cost control and quality oversight.

Required Skills:

* Business judgment & pragmatism: balances legal risk with operational needs and deal momentum.

* Negotiation strength: confidently negotiates complex deals with internal and external stakeholders.

* Ownership & responsiveness: drives matters to closure with excellent follow-through and prioritization.

* Collaboration:

strong cross-functional partner; solution-oriented and approachable.

* Analytical rigor: identifies key issues quickly; escalates appropriately; proposes options.

Required Experience:

* Juris Doctor (JD) from an accredited law school and active bar membership in at least one U.S. jurisdiction (in good standing).

* 5--10 years of relevant legal experience with substantial focus on technology transactions and commercial contracting, gained in-house and/or at a law firm.

* Strong command of market contract positions and negotiation strategy on:

* Indemnification (IP, data/security, third-party claims).

* Limitation of liability (caps, carve-outs, exclusions).

* SLAs/service credits, uptime commitments, and remedies.

* IP rights and ownership of deliverables and custom developments.

* Security requirements, audit rights, and incident response obligations.

* Term/renewal, termination assistance, and transition services.

* Excellent writing, issue-spotting, and communication skills with the ability to influence stakeholders.

Preferred Experience:

* Prior experience in a regulated industry (financial services, healthcare, insurance, energy, etc.).

* Familiarity with privacy/security frameworks and contractual controls (e.g., vendor security exhibits, SOC reports, audit standards).

* Experience supporting procurement and vendor governance programs, including third-party risk management concepts.

* Comfort with technology and product concepts (APIs, integrations, hosting models, data flows, AI/ML provisions, etc.).

* Experience implementing or optimizing CLM systems, templates, or contracting playbooks.
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