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Technology Contract Management Consultant
4 weeks ago
Job Title: Technology Contract Management Consultant
Department: Digital GRC
Direct Supervisor: AVP – Tech Contracts & License Management
Duration: 6 Months, CONTRACT
Type: REMOTE
Job Purpose:
This resource is responsible for Technology Contract Management. The ideal candidate will manage the Technology contracts inventory, review, comment, and provide risk notes for contract documents and amendments. The role ensures that terms and conditions are appropriate and provides management reporting. The candidate must have experience in Technology procurement, especially handling annual maintenance contracts, license subscriptions, service contracts, and annual budgeting and reporting.
Key Result Areas:
- Perform contract reviews (including terms and conditions) in accordance with the rules of engagement, policies, and in consultation with Technology stakeholders. Update the review observations/risks in contract factsheets for each contract/SOW separately, prepare risk mitigation plans, and execute them.
- Gather and maintain contracts and SOWs-related documents and correspondence relating to Information Technology units.
- Experienced in reviewing Master Service Agreements (MSAs) & SOWs, license, subscriptions, and annual maintenance agreements with technology vendors.
- Coordinate with the Procurement, Tech units, Legal, Risk, Project Controls, and Business teams on contractual terms and risk issues.
- Prepare risk schedules and summaries of terms for Technology contracts.
- Responsible for reviewing Technology AMCs, subscriptions, and service contracts and propose service and cost optimization opportunities.
- Review SLAs and OLAs in agreements and incorporate SLAs wherever they are not captured.
- Support the Annual Tech budgeting process and manage key reports – monthly cash flow, actual vs. budget comparisons.
- Any other additional duties may be required by management based on the needs of the business.
Operating Environment, Framework and Boundaries, Working Relationships:
- Role requires an understanding of industry standards and different SLAs used in the areas of Technology contracts.
- Work with technology teams for contracts collection and related documents.
- Enhance collaboration and coordination with support functions like Procurement, Audit, Risk Management, and Information Security.
Problem Solving & Communication:
- Should be a self-starter with the ability to operate independently with minimal supervision.
- Excellent written and verbal communication skills, with a proven ability to effectively communicate complex concepts clearly and concisely to colleagues and stakeholders.
Knowledge, Skills, and Experience:
- Minimum of 10–12 years of progressively responsible experience in contract management in Technology, preferably within the Banking industry. Experience in a multinational organization is a plus.
- Candidate must be from a legal background and have experience in Technology contract management.
- Expertise in Microsoft Excel, Word, and PowerPoint.
- Must be able to multitask, handle changing priorities, and work independently in a fast-changing environment.
