Internship Merchant Risk Analyst Jobs in Chicago, IL

First Merchants Bank is seeking a Senior Contract Analyst to join our team! This position will assist the Director, Corporate Contract and Procurement in the administration, oversight, and delivery of legal services related to Corporate Contract Management. Provide and coordinate all legal review activities in the contract functions to ensure that the Corporation's legal rights are protected, and its operations are maintained within the limits prescribed by policy, law, and regulations. Select and coordinate work with general counsel when necessary. Assist the Director, Corporate Contract and Procurement in the administration, oversight of the Vendor Management program, as well as other procurement responsibilities.

As part of this role you will: 

• Serve as primary legal resource for vendor contract reviews.
• Represent/act as the delegate of the General Counsel in contract negotiations, contract management, and contract compliance for the Bank and the Corporation.
• Coordinate further review with general counsel for the defined subset of contracts as defined in policy. 
• Advise, train, and educate the Corporate Procurement team on matters related to contract reviews.
• Initiate and maintain contract review documentation.
• Investigate and follow-through on contract issues.
• Advise and interpret contract requirements, obligations, and risks.
• Confer with management on amendments and settlements.
• Create and communicate concise and consistent contract provisions.
• Requires drafting, reviewing, analyzing, redlining and negotiating a wide range of contracts and agreements to attain achievable risk levels.
• Must have the ability to identify and assess risk and communicate effectively with internal team members, business partners, and counsel.
• Negotiate contract terms, payment structure, and reimbursement.
• Compare counterpart contract terms with legal requirements and policies.
• Management committee participation as requested.
• Perform various administrative duties related to third party risk management (TPRM).
• Assist in the oversight of the periodic assessments of third parties.
• Assist in providing training and assistance to vendor managers and point persons responsible for meeting requirements of the TPRM program.
• Detect and analyze problems by reviewing information that has been obtained.
• Participate in the maintenance of the Third Party inventory.
• Perform onboarding, classification, ongoing maintenance and assessment activities and other data updates.
• Prepare periodic reports.
• Escalate concerns to the Director, Corporate Contract and Procurement.
• Assist in preparing for third party risk management audits and exams.
• Assist the Director, Corporate Contract and Procurement, and Senior Management in these duties:
  
  • Enable and cooperate with departments like legal, operations, credit, and accounting.
  • Handle multiple projects in a fast-paced team environment.
  • Exercise judgement and work under pressure and persuade parties in full fairness of company’s position.

In order to be successful in this position, we require the following: 

• Undergraduate and law school degrees.
• A minimum of six (6) years of progressively increasing responsibility in a corporate legal environment or private practice.
• Admission to the Indiana Bar. 

First Merchants offers the following:

• Base Pay PLUS Bonuses
• Medical, Dental and Vision Insurance
• 401k
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• Tuition Reimbursement
• Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!