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Contract Specialist

New York, NY

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Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.

Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.

Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan, Boro Park, Brooklyn and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

 

Position Summary:

The Contract Specialist plays a crucial role in supporting and providing guidance to various lines of business/departments of the bank. As the Contract Specialist, you will be responsible for drafting, reviewing, and negotiating a large volume of contracts and related documentation; and providing guidance to applicable stakeholders and contributors.  This position will report to and work closely with the bank’s Legal Counsel.

We have a flexible work schedule where employees can work from home one day a week.

Essential duties and responsibilities:

  • Draft, review and negotiate various types of agreements and related documentation, including commercial contracts, NDAs, and SOWs, for HR, IT, Finance, Compliance, etc.
  • Work closely with the EB-5 business unit and assist in drafting, reviewing, and negotiating escrow agreements and reviewing related documentation (e.g., PPM)
  • Assist with drafting and reviewing policies and procedures for the Legal Department and other departments of the bank
  • Collaborate with management, stakeholders, etc. to mitigate risks to the bank and provide guidance to others (including the aforementioned) to ensure compliance with regulatory, policy, and procedure requirements

Required knowledge, skills and experience:

  • At least 2 years’ experience working at a financial institution
  • At least 2 years’ experience reviewing contracts and handling commercial transactions
  • Excellent written and verbal communication skills
  • Ability to manage a high volume of contracts and requests
  • Strong organization skills and proven track record of managing competing priorities
  • Ability to work independently and as a team
  • Familiarity with various banking regulations, including guidance for third-party risk management
  • Excellent problem solving/judgment skills and high level of attention to detail and accuracy
  • Excellent multi-tasking skills
  • Proficient with Microsoft Office Suite
  • Willingness to acquire new knowledge and develop new skills

Potential Salary: $100,000 - $130,000 annually

This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

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