Paralegal (Contracts and Research)

Paralegal (Contracts and Research)

Our client is looking for a Paralegal or Contract Specialist who Supports the Payment Services team by conducting contract research, developing and maintaining standardized forms, templates, agreements, and notices. This role will collaborate with internal stakeholders and coverage attorneys to ensure accuracy, consistency, and efficiency in Payment Services documentation. The position will help increase velocity and reduce cycle time by streamlining contract processes and ensuring strong governance controls are in place.

Job Description

• Conducts research and analysis on Payment Services contracts, agreements, and related documentation to ensure compliance with internal policies, industry standards, and legal requirements.
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• Drafts, updates, and maintains Payment Services contract templates, form agreements, notices, and standardized documentation.
• Coordinates with coverage attorneys and internal business partners to resolve contract-related issues, clarify language, and ensure alignment with business and legal requirements.
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• Supports review and approval cycles by identifying issues, tracking progress, and escalating risks where appropriate.
• Develops and maintains a repository of standardized legal forms and templates to drive efficiency and consistency across the Payment Services organization.
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• Partners with Legal, Compliance, and Payment Services stakeholders to improve processes that reduce cycle time, increase throughput, and maintain proper governance.
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• Provides procedural guidance to business partners and ensures compliance with internal governance standards.

Job Requirements

Experience (Years): 5-7 years paralegal or contracts experience, preferably in financial services or payments

Technical Skills - Must Have:
Contract drafting and review (with financial services or payment services exposure)
Familiarity with form agreements, notices, and templates
Strong legal research and writing skills
Proficiency in Microsoft Word and Excel

Technical Skills - Nice to Have:
Experience supporting payment services, merchant agreements, or financial institutions
Knowledge of contract lifecycle management (CLM) tools
Exposure to compliance frameworks, regulatory requirements, and governance processes

Job Details
Hybrid Onsite 3 days a week. Riverwoods or Chicago
Pay $49
Hours 40
Duration 8 months with potential for extension

Interested candidates please send resume in Word format Please reference job code 40089 when responding to this ad.