Senior Sourcing Consultant

About this role:

Wells Fargo is seeking a Senior Sourcing Consultant

In this role, you will:

• Lead and manage spend categories, develop strategies and negotiate contract for products, services, and suppliers
• Contribute to category saving targets for multiple categories and supplier performance
• Review and analyze contract data, business goals and market conditions to identify cost saving opportunities
• Determine deal strategy and control all aspects of contract negotiations and cost-effective supplier assessments
• Manage entire lease process from origination to final execution ensuring all required documents are received, filed, and executed
• Maintain all lease administration systems and prepare all lease agreements and related contractual documents ensuring are in compliance with policies and procedures
• Collaborate and consult with peers, colleagues and managers to ensure appropriate language is used to achieve final lease documents
• Lead projects and mentor less experienced staff
• Research and respond to internal or external inquiries

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:

• Experience in end-to-end strategic sourcing and RFx management, including supplier evaluation and selection.
• Strong experience in commercial negotiations and contract management, including contract drafting and negotiation.
• Demonstrated experience in supplier and stakeholder management, including executive stakeholder engagement.
• Experience conducting spend analysis, pricing analysis, market intelligence, and commercial assessments.
• Strong project management skills with the ability to manage complex sourcing initiatives involving Legal, Technology, and Line of Business stakeholders.
• Experience identifying and mitigating third-party, commercial, contractual, and information security risks.
• Strong experience in Technology Sourcing, including software, SaaS, hardware, telecom, IT services, AI, cybersecurity, and cloud services.
• Experience managing technology suppliers and supplier performance/governance.
• Understanding of third-party risk and information security requirements.
• Experience working on complex commercial negotiations and multi-country sourcing initiatives.
• Category strategy development.
• Cloud sourcing experience across AWS, Azure, or GCP.
• Software licensing expertise.
• Experience supporting large-scale technology transformation initiatives.
• Financial services sourcing experience.

Job Expectations:

• Manage end-to-end sourcing activities, from requirements gathering and RFx execution through supplier selection, negotiation, contracting, and implementation.
• Lead complex commercial and technology contract negotiations with suppliers.
• Partner with Legal, Technology, Risk, Information Security, and Line of Business stakeholders to execute sourcing deals.
• Manage supplier relationships, including supplier governance, performance management, and issue resolution.
• Perform spend, pricing, market, and supplier analysis to identify cost-saving and commercial improvement opportunities.
• Identify and mitigate supplier, contractual, third-party, and information security risks throughout the sourcing lifecycle.
• Project manage high-complexity, medium-to-high-volume sourcing deals and ensure activities are completed within agreed timelines.
• Support the development and execution of category and sourcing strategies.
• Drive sourcing initiatives across multiple countries and stakeholder groups, where applicable.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

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.

c. Please be prepared to provide accurate information and supporting documentation in connection with any lawful employment and education verification conducted by Wells Fargo.