**Functional Responsibilities**:
Contract Analysis and Risk Assessment:
- Review and analyze contracts, identifying potential risks and deviations from established guidelines and policies.
- Review, analyze, and negotiate contracts with a focus on insurance provisions, including but not limited to insurance policies, riders, endorsements, and indemnity clauses.
- Partner with various review groups across the organization to evaluate contractual terms and conditions to ensure compliance with legal, regulatory, and internal requirements.
- Conduct risk assessments, identifying and prioritizing potential risks associated with contract terms, delivery, intellectual property, and other relevant factors.
- Collaborate with cross-functional teams, including legal, procurement, finance, and operations, to evaluate and mitigate contract-related risks.
Risk Mitigation:
- Evaluate insurance requirements and recommend appropriate coverage based on the nature of the contract, project, or business activity.
- Develop risk mitigation strategies and recommend modifications to contract terms to minimize potential risks as it relates to insurance provisions.
- Collaborate with legal counsel and other stakeholders to negotiate and revise contracts, ensuring alignment with organizational objectives and risk appetite.
- Coordinate with third party risk team to provide insight on contract risk for suppliers and how this impacts the aggregate risk of a supplier.
- Identify and implement best practices in contract risk management to enhance efficiency and effectiveness.
- Bachelor's degree in business administration, finance, law, or a related field. A Juris Doctor (JD) degree is a plus.
- Proven experience (8 years) in contract management, risk management, or a related role.
- Strong understanding of legal and regulatory requirements related to contract management and risk mitigation.
- Excellent analytical skills with the ability to identify, assess, and mitigate risks associated with complex contracts.
- Ability to understand insurance requirements and relate them to services
- Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and stakeholders.
- Demonstrated ability to work in a fast-paced environment, prioritize tasks, and manage multiple projects simultaneously.
- Familiarity with contract management software and tools is preferred.
- Professional certifications in risk management, contract management, or related fields are desirable.
Moody's Corporation, Moody's Shared Services, Risk Management
The Moody's ERM team is part the Audit, Risk and Controls Department (ARC) within Moody's Shared Services (MSS) dedicated to establishing and maintaining a firm-wide risk management culture and framework embedded within the business for the timely identification, management and reporting of key financial, operational, reputational, and strategic risks. ERM is designed to establish a common, organization-wide understanding of risk management through a consistent framework that seeks to identify and assess risks and report them to senior management to ensure appropriate prioritization and management and to incorporate risk understanding into decision making.
Moody's is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.
Moody's is a global integrated risk assessment firm that empowers organizations to make better decisions.
