Wells Fargo is seeking a Senior Sourcing Consultant who will be responsible for managing spend categories, developing strategic sourcing strategies, and leading both supplier selection and contract negotiations for products and/or services, that have strategic business impacts.
In this role, you will:
- Be accountable for delivering category expense savings/avoidances, and drafting customized contract terms to proactively address business requirements and risk concerns
- Proactively identify and escalate contract risk-related issues, and identify and create alternative contract language to mitigate risks (financial, operational, and reputational) when negotiating Master Agreements, Transaction Documents (e.g. Statements of Work or Schedules), Amendments and other contractual documents
- Work with key stakeholders (senior leaders) across the LOB or enterprise to determine the long-term needs and applicable supply/service strategies
- Work with business partners to identify and drive Total Cost of Ownership (TCO) process improvements to reduce costs
- Support initiatives specific to e-business (procure-to-pay), supplier diversity, and sustainability in an effort to continually improve category effectiveness and efficiencies
Required Qualifications:
- 4+ years of Sourcing, Procurement experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Fundamental understanding of contract law, including a minimum of 3 years’ experience drafting, reviewing, and interpreting contracts
- Comprehensive sourcing and contract negotiation experience with suppliers in one or more of the following categories: professional services, banking operations or technology (e.g. IT consulting and hardware/software/SaaS), financial services industry related products and services
- Experience negotiating contracts and sourcing for a large complex organization in highly regulated environment
- Ability to project manage deals, including legal, financial and stakeholder reviews
- Strong benchmarking and analysis capabilities
- Proficiency with leading web-based contract management, strategic sourcing (RFx) and reverse auction tools (ex: Beeline and Ariba)
- Ability to quickly establish credibility to build and maintain effective working relationships
- Strong time management skills and ability to meet deadlines
- Strong analytical skills and high attention to detail
Job Expectations:
- Ability to travel up to 10% of the time
- This position offers a hybrid work schedule
- Candidate must reside within a reasonable commute to a location listed in the posting
APPLICANTS WITH DISABILITIES
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
WELLS FARGO RECRUITMENT AND HIRING REQUIREMENTS:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process
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