Contracts Analyst - Senior

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Richmond, VA, USA
Posted on Saturday, April 13, 2024


Federal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.
Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The National Procurement Office (NPO) has an immediate opening for an experienced Senior Contracts Analyst. In the role, you will independently draft, edit, review, evaluate and negotiate contracts on behalf of National IT, Federal Reserve Bank of Richmond, and the Federal Reserve System for Information Technology (IT) goods and services. Facilitate contract reviews with internal stakeholders. The Senior Contracts Analyst reports to a Senior Manager.

What You Will Do:

  • Review and negotiate complex, custom, high dollar, high visibility IT contracts, including professional services agreements, managed services agreements, equipment hardware agreements, software license agreements, SaaS agreements, telecommunication agreements, maintenance agreements, nondisclosure agreements amendments and transaction documents.
  • Partner with internal stakeholders to conduct contract negotiations with vendors; provide contract interpretation and guidance.
  • Negotiate with opposing vendor counsel and direct responsibility to draft and revise contract language
  • Identify gaps in contracts and incorporate appropriate language to protect Federal Reserve interests.
  • Collaborate with Legal counsel on various contract and legal matters including risk mitigation and exposure concerns identified in contracts.
  • Build and foster relationships by serving as a trusted partner with internal stakeholders by collaborating, proactively communicating, and consistently delivering on commitments.
  • Perform research necessary to complete all contractual reviews.
  • Ensure consistency between business requirements and contract terms and conditions.
  • Review and revise contract templates for consistency and overall improvement of language and collaborate with Legal counsel to adopt revised templates.
  • Develop best practices, checklists, and update contract review procedures.
  • Participate in cross functional workgroups and other resources on process improvement opportunities and present outcomes to senior management.


  • Bachelor's Degree or equivalent experience, legal background/experience (prefer Attorney, Juris Doctor, or Paralegal with extensive contract experience).
  • Minimum 6 years of relevant work experience in corporate contracting, including preparing, analyzing, and negotiating information technology contracts, or an equivalent combination of education and job-related experience.
  • Demonstrated experience with direct client interfacing and providing direction in legal contract elements.

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

  • Great medical benefits
  • Pension and 401(k) with employer match
  • Paid time off
  • Tuition reimbursement
  • Employee resource networks
  • Paid volunteer leave
  • Flexible work options
  • Onsite amenities that make working here fun

Other Requirements and Considerations:

  • Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflicts of interest rules and personal investment restrictions. The Code is available on the About Us, Careers webpage at www.richmondfed.org.
  • Sponsorship is not available for this position.
  • Selected candidate is subject to special background check procedures.
  • Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications/experience.
  • The Fifth District provides a hybrid work environment. This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.
  • Contracts and Sourcing Analyst – Senior hiring range is $86,600 – $119,130, annually.
  • Applications are reviewed on a rolling basis. Interested candidates are strongly encouraged to apply by May 29, 2024.

The Federal Reserve Bank of Richmond provides equal opportunity to all individuals without regard to race, sex, color, religion, gender identity or expression, sexual orientation, national origin, age, disability, or genetic information.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Procurement/Vendor Management

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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