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Assistant General Counsel, Contracts

Valley Bank
Posted 2 months ago, valid for 13 days
Location

New York, NY 10008, US

Salary

Competitive

Contract type

Full Time

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Sonic Summary

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  • The position requires a Juris Doctor (JD) and 5 to 10 years of relevant legal experience focused on technology transactions and commercial contracting.
  • Responsibilities include drafting, reviewing, and negotiating a variety of contracts such as SaaS agreements, software licenses, and vendor partnerships.
  • The role also involves collaborating with Privacy and Information Security teams to ensure compliance with data protection and risk management processes.
  • Candidates should possess strong negotiation skills, business judgment, and the ability to translate legal concepts into actionable guidance for stakeholders.
  • The salary for this position is competitive, reflecting the candidate's experience and expertise in the field.
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.
Qualifications
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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