Lead Sourcing Consultant (Procurement)

About this role:

Wells Fargo is seeking a Lead Sourcing Consultant to join the Strategic Sourcing Team as part of the Chief Administrative Office (CAO). This individual will lead contract negotiations and manage supplier relationships of high risk or complexity with significant impact to the business strategy. They will partner with business stakeholders to execute sourcing strategies, conduct sourcing lifecycle efforts, lead negotiations, and deliver value through cost optimization, risk mitigation, and alignment with business objectives.

In this role, you will:

• Lead end-to-end sourcing lifecycle activities for complex or high-risk supplier engagements, including intake, strategy, RFx execution, supplier evaluation, negotiation, contracting, and implementation support.
• Partner with business stakeholders, Supplier Management, Third Party Risk Management, Legal, and Finance to align sourcing decisions with business objectives, policy expectations, and risk requirements.
• Develop and execute sourcing approaches that optimize cost, mitigate risk, improve supplier performance, and support business and category objectives.
• Lead competitive sourcing events, supplier communications, proposal evaluations, scorecards, and award recommendations.
• Negotiate commercial, operational, governance, and risk-related terms while balancing value, speed, stakeholder needs, and enterprise risk tolerance.
• Coordinate contract development and execution to ensure agreements include required corporate terms, service requirements, regulatory expectations, and appropriate risk protections.
• Drive stakeholder alignment throughout the sourcing lifecycle to support sourcing strategy, supplier selection, negotiation decisions, and timely execution of sourcing events.
• Provide guidance and subject matter expertise to less experienced sourcing professionals, contract analysts, and business partners.
• Track and communicate sourcing progress, value delivery, risk considerations, and implementation readiness.

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:

• Fundamental understanding of contract terms and conditions, including a minimum of five (5) years’ experience drafting, reviewing, and interpreting contracts 
• Comprehensive sourcing and contract negotiation experience with suppliers in one or more of the following categories: technology (e.g. software, SaaS, public, and private cloud), fraud, and financial services industry related products and services 
• Experience negotiating contracts and sourcing for a large complex organization in a highly regulated environment
• Strong commercial and financial acumen
• Ability to project manage sourcing efforts, including strong stakeholder management across Legal, Risk, Technology, Finance, and senior business leaders. 
• Benchmarking and analysis capabilities 
• Proficiency with Ariba, RFx processes, benchmarking, and spend analysis 
• Ability to quickly establish credibility to build and maintain effective working relationships   
• Proficient time management skills and ability to meet deadlines  
• Advanced analytical skills and high attention to detail

Job Expectations:

• This position offers a hybrid work schedule of three (3) days in the office and two (2) days working remotely
• This position is not eligible for VISA sponsorship

Work Locations:

Charlotte, North Carolina

Minneapolis, Minnesota

Chandler, Arizona

Des Moines, Iowa

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

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.

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.