Procurement Paralegal

What will be your DAY-TO-DAY?

1. Negotiating, Reviewing, and Editing Vendor Contracts

Core focus: Contract drafting, negotiation, risk assessment, and stakeholder alignment.

Day-to-day responsibilities

• Review and negotiate a wide range of procurement and vendor agreements, including:

  • IT services
  • Software and hardware
  • Facilities and corporate real estate
  • Consulting and professional services
  • Market data services
  • HR services
  • Non-disclosure agreements (NDAs)

• Participate in vendor negotiations alongside sourcing managers to achieve commercially and legally acceptable terms.

• Analyze contractual language and identify provisions that:

  • Deviate from company standards
  • Exceed the organization's risk tolerance
  • Create legal, regulatory, operational, or financial exposure

• Draft, edit, and redline contract clauses to align with company requirements and market standards.

• Partner with Legal, Compliance, IT Risk, and other subject matter experts to resolve complex contractual issues and obtain required approvals.

• Ensure contracts are legally enforceable and escalated for legal review when necessary.

• Prepare risk memoranda summarizing non-standard legal and commercial terms, mitigation strategies, and approval recommendations for management.

2. Document and Template Management

Core focus: Contract governance, template maintenance, policy compliance, and process improvement.

Day-to-day responsibilities

• Ensure all sourcing and vendor agreements comply with company-approved templates, contractual policies, and governance requirements.

• Maintain, update, and enhance standard contract templates and framework agreements based on:

  • Legal guidance
  • Regulatory requirements
  • Industry and market practices
  • Internal risk standards

• Manage contract documentation and support accurate recordkeeping throughout the sourcing and contracting lifecycle.

• Coordinate contract review workflows and facilitate timely submission to the Legal department.

• Review and improve internal contracting policies, procedures, and documentation standards.

• Standardize contractual language and maintain approved clause libraries and template repositories.

• Support continuous improvement initiatives aimed at increasing efficiency, consistency, and compliance within the vendor contracting process.