Lead Sourcing Consultant - Technology

About this role:

Wells Fargo is seeking a Lead Sourcing Consultant - Technology to join the Strategic Sourcing Team as part of the Chief Administrative Office CAO.

In this role, you will:

• Lead technology/software/AI 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 cost reduction strategies to continually improve category effectiveness and efficiencies

• Draft legal contract language to proactively address technology, market and business issues

• Control all aspects of negotiation and set negotiation strategy

• Participate in the review and analysis of expiring agreements

• Lead projects required to ensure legal and regulatory compliance, as well as educate and act as a resource for business partners and less experienced staff

• Educate 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, guide vendor selection and ensure successful negotiation of agreements

• Partner with business units to ensure contracts meet corporate and regulatory requirements

• Establish and maintain a good rapport with executive management, vendors, business partners and key stakeholders to optimize negotiations, savings, 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:

• Fundamental understanding of contract law, including a minimum of 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. AI/cybersecurity/software/SaaS/public and private cloud), financial services industry related products and services

• Experience negotiating contracts and sourcing for a large complex organization in a highly regulated environment

• Ability to project manage deals, including legal, financial and stakeholder reviews

• Strong benchmarking and financial analysis capabilities

• Proficiency with leading web-based contract management and strategic sourcing (RFx) (ex: Beeline, Emptoris, 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 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

• 550 S. 4th St. Minneapolis, MN

• 1525 W W T Harris Blvd, Charlotte, NC

• 800 S Jordan Creek Pkwy. Des Moines, IA

• 2700 S Price Rd. Chandler, AZ

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.