About this role: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. Relocation assistance available to posted locations.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 identifies and escalates contract risk-related issues, and identifies and creates 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.
Works 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.
Supports initiatives specific to e-business (procure-to-pay), supplier diversity, and sustainability in an effort to continually improve category effectiveness and efficiencies .
Required Qualifications, US:
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 or contingent labor, technology (e.g. IT consulting and hardware/software/SaaS), facilities and or construction, 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, Emptoris, and Ariba).
Experience managing third party relationships and measuring performance results
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 detai
Pay Range$84,000.00 - $164,400.00BenefitsWells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
401(k) Plan
Paid Time Off
Parental Leave
Critical Caregiving Leave
Discounts and Savings
Health Benefits
Commuter Benefits
Tuition Reimbursement
Scholarships for dependent children
Adoption Reimbursement
Posting End Date:9 Apr 2024 Job posting may come down early due to volume of applicants.We Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.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 US: 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.Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.Company: WELLS FARGO BANKReq Number: R-353464-12Updated: Wed Apr 03 00:00:00 UTC 2024Location: SAINT LOUIS PARK,Minnesota