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Director Legal Counsel, Commercial Transactions and Contract Optimization

Westlake, Texas

Requisition ID 2023-96009 Category Legal & Compliance Position type Regular Salary USD $163,300 - $272,800 / Year

Your Opportunity

At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.

Schwab is looking for an experienced, innovative, and inspirational leader to: draft and negotiate commercial agreements; supervise a team of commercial attorneys; and take tangible steps to execute on the firm’s mission to deliver operational excellence in contracting. The Director will forge relationships with stakeholders including Vendor Management and the business to drive consensus while balancing risk and efficiency in accordance with the firm’s risk appetite.   

Your primary responsibilities could include, but are not limited to: 

  • Review, draft, and negotiate a broad range of contract types that require input from stakeholders (e.g., information security, privacy, compliance, business, regulatory counsel, vendor management, etc.): trademark and copyright licenses, professional services, software license, ASP/hosting, cloud, SaaS/IaaS/PaaS, development and innovation, e-commerce, advertising, marketing agreements, market data licenses, and outsourcing agreements, among others.
  • Supervise a team of commercial attorneys, working with each on performance objectives, OKRs, and KPIs.
  • Develop a system for workflow delegation and workload balancing within and across Legal verticals and in collaboration with the Deputy Chief Counsel - Commercial.
  • Work across the enterprise to define, create, standardize, and implement policies and procedures for various contract types.
  • Working closely with Legal Operations team, support cross-functional assessments of contracting efficiency to find new opportunities for improvement.
  • Stay up to date on developments related to contract management including technology benchmarking and best practices.
  • Develop, execute, and maintain contracting efficiency objectives through thoughtful change management approaches.
  • Prepare and deliver reports to senior leaders on the status of contracting programs.

This is a hybrid position, working in the Westlake, TX office location

What you have

To ensure that we fulfill our promise of “challenging the status quo,” this role has specific qualifications that successful candidates should have

Required Qualifications:

  • Bar admission in at least one US state required.
  • 7+ years of professional experience with at least 3 years in-house, ideally in the financial services industry.
  • Significant transactional experience and subject matter expertise in standard commercial terms (privacy, infosec, indemnities, limits on liability, confidentiality, IP, etc).
  • Track record of providing proactive, solution-oriented advice to stakeholders on critical legal, business, and regulatory issues, and responding to counterparties on critical commercial terms.
  • Understanding of how to balance legal risk with business objectives, successfully evaluate alternatives quickly and get deals closed.
  • Experience as a people-leader in a highly matrixed environment.
  • Experience partnering with outside counsel.
  • Optimism, emotional intelligence, inspirational leadership, and outstanding communication skills.
  • Demonstrated program management, planning an analysis capability, particularly with legal transformation projects.
  • Creative and innovative approach to optimize utilization of resources, leverage tools and adapt processes for greater efficiency and effectiveness.
  • Ability to counsel senior management, including the ability to communicate risks clearly and succinctly on intellectual property matters, technology transactions and other commercial contracts.

Preferred Qualifications:

  • Experience with the following technologies:  iManage ,eCounsel, CLM, and Ariba/SAP.
  • CLM experience.
  • Exposure to Intellectual Property.

What’s in it for you

At Schwab, we’re committed to empowering our employees’ personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you’ll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you – both today and in the future:

  • 401(k) with company match and Employee stock purchase plan
  • Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
  • Paid parental leave and family building benefits
  • Tuition reimbursement
  • Health, dental, and vision insurance

Eligible Schwabbies receive

  • Medical, dental and vision benefits

  • 401(k) and employee stock purchase plans

  • Tuition reimbursement to keep developing your career

  • Paid parental leave and adoption/family building benefits

  • Sabbatical leave available after five years of employment