Lead Sourcing Consultant

About this role:

Wells Fargo is seeking a Lead Sourcing Consultant to join our Wholesale Sourcing Team; supporting Corporate Investment Banking, Wealth Mgmt. and Commercial teams.

In this role, you will:

• Lead contract negotiations and manage supplier relationships of high risk or complexity with significant impact to the business strategy

• Manage suppliers and relationships from a life-cycle perspective with a focus on reducing cost or spend, increasing customer satisfaction, and maximizing business impact

• Establish e-business, procure-to-pay, environmental, and Strategic Sourcing cost reduction strategies to continually improve category effectiveness and efficiencies

• Customize legal contract language to proactively anticipate technology, market and business issues

• Control all aspects of negotiation and set negotiation strategy

• Support acquisitions including negotiation reassignment on high-risk contracts

• Participate in the review of closing agreements

• Lead projects required to ensure legal and regulatory compliance, as well as educate and act as a resource for Contract Analysts with regard to such issues

• Educate Contract Analysts and business partners on risk issues and handle vendor disputes

• Provide direction and guidance to less experienced staff

• Partner with business units to issue and evaluate Request For Proposals and to ensure successful implementation of agreements

• Partner with business units to ensure standard contracts include corporate requirements

• Establish and maintain a good rapport with executive management, vendors, and third-party lessors or manufacturers to optimize negotiation, savings and service improvements and problem resolution

• Act as a focal point for coordinating sourcing efforts across business entities

Required Qualifications:

• 5+ years of Sourcing, Procurement experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Extensive experience negotiating and managing SaaS, trading services, wealth management platforms and/or market data providers, rationalizing utilization and developing sourcing strategies

• Experience negotiating contracts in support of Capital Markets, Investment Banks, Asset Management or Retail Brokerage.

• Experience negotiating market data, broker/dealer agreements and other trading-related products and services.

• 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, 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.

• Ability to quickly establish credibility to build and maintain effective working relationships  

• Strong customer relationship management skills

• Strong analytical skills and high attention to detail

Job Expectations:

• Ability to travel 5% of the time

• This position offers a hybrid work schedule

• Adherence to in-office attendance expectations

• This position is not eligible for Visa sponsorship

Locations: Only posted locations being considered

• 11625 N Community House Rd., Charlotte, NC

• 1525 W W T Harris Blvd, Charlotte, NC

• 401 S. Tryon St., Charlotte, NC

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.