Contract Processor Jobs in Burr Ridge, IL (NOW HIRING)

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.

Responsible for the vendor contracting process including contract negotiating, drafting, review and risk analysis of contract terms and conditions. Ensures vendor contracts are in compliance with applicable state and federal law, rules and regulations as well as U.S. Bank policies. Supports Business Line and Corporate Procurement assigned initiatives by drafting and negotiating the contract terms and conditions as well as advising business lines on risk decisions related to the contract. Job scope and complexity of assignments are broad and very complex. Requires the ability to improvise and respond to contractual language questions, provide creative solutions to resolve conflict with vendors, effectively balance working on multiple projects at one time while successfully meeting tight deadlines.

The Procurement Business Line is seeking a strategic and execution-focused Contract Services professional responsible for leading contract negotiation, third-party risk alignment, and end-to-end contract lifecycle management.

This role operates across the organization to negotiate contracts, mitigate risk, and deliver business outcomes, while overseeing Contract Services workflows and ensuring efficient, high-quality delivery across engagements. The individual partners closely with Business Lines and Third-Party Vendors and facilitates contract reviews through key stakeholders including Procurement, Risk, Legal, and Finance.

This position serves as a trusted advisor to business and procurement leadership, providing guidance on contractual, sourcing, and risk matters while ensuring adherence to internal policies, regulatory expectations, and procurement best practices.

Job Functions:

Contracting and Negotiation

• Lead and manage contract negotiations, including ownership of redline review and resolution

• Analyze contractual terms to identify, escalate, and remediate risk issues

• Oversee the full contract lifecycle, including: drafting, negotiation, approvals execution, reposit, and ongoing management

• Ensure contracts are accurately maintained and governed within the enterprise contract management systems

Procurement and Risk Alignment

• Partner with Procurement Sourcing teams to support sourcing strategies and commercial terms within contracts

• Collaborate with Risk, Legal, and Compliance to ensure appropriate controls and contractual protections

• Ensure alignment with procurement policies, procedures, and leading practices

• Support audits, quality assurance, and ongoing process and policy improvements
  

Business Partnership and Advisory

• Serve as the primary point of contact for assigned business units and vendor engagements

• Provide procurement and contract advisory support to internal stakeholders

• Build and maintain strong relationships across business lines, sourcing teams, and third-party vendors

• Identify opportunities to drive enterprise contract leverage and improve internal customer engagement

Operations and Process Management

• Manage and coordinate contract workflows across multiple engagements and stakeholders

• Drive process optimization, quality assurance, and operational efficiency

• Support and coordinate updates to contract lifecycle management (CLM) tools and systems

• Balance workload and priorities to ensure timely delivery and effective resource utilization

Preferred Qualifications

• JD or relevant professional certification

• Strong experience in contract negotiation and procurement practices

• Third-Party Risk Management (TPRM) experience

• Knowledge of contract lifecycle management (CLM) tools and sourcing processes

Preferred Skills & Experience

• Strong analytical, problem-solving, and negotiation skills

• Excellent verbal and written communication skills

• Proven ability to build and manage stakeholder relationships across all levels

• Strong time management and ability to manage competing priorities

• Demonstrated project management and leadership skills

• Experience with tools such as Archer eGRC, Agiloft, and MS Office Suite

• Financial, audit, and regulatory awareness

Basic Qualifications:

• Bachelor's degree, or equivalent work experience

• Five or more years of experience in procurement contract administration activities

Location Expectations

This role is hybrid. Team members who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to ourdisability accommodations for applicants.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about theE-Verify program.

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.