Lead Strategic Sourcing Consultant

About this role:

Wells Fargo is seeking a Lead Sourcing Consultant to join the Strategic Sourcing team. This individual will lead complex and high-risk sourcing engagements and support category strategies across customer service, business process outsourcing, language services, mortgage-related services, and real estate appraisal, valuation, and analytics.

The consultant will lead sourcing activities from initial business requirements through competitive sourcing, supplier evaluation, commercial negotiation, contracting, approvals, and implementation support. The role partners closely with business leaders, Legal, Finance, Third-Party Risk Management, Supplier Management, Technology, and other stakeholders to deliver cost optimization, risk mitigation, and business value.

In this role, you will:

Lead Sourcing Strategy & Category Management

• Lead end-to-end sourcing for complex, high-risk, and business-critical supplier engagements, including intake, sourcing strategy, competitive events, supplier evaluation, negotiation, contracting, and implementation support.
• Develop and execute sourcing and category management strategies that support business priorities, cost optimization, supplier performance, risk mitigation, and long-term value.
• Lead Request for Proposal and other competitive sourcing activities, including requirements development, supplier communications, evaluations, scorecards, negotiations, and award recommendations.
• Lead commercial negotiations covering pricing, payment terms, service levels, contract term, renewal provisions, operational requirements, governance, and other commercial terms.
• Manage complex contracting efforts involving master agreements, statements of work, amendments, technology schedules, and other supplier agreements.
• Partner with Legal, Finance, Risk, Technology, Supplier Management, and business stakeholders to address contract requirements, third-party risk, financial approvals, regulatory requirements, and execution dependencies.
• Analyze supplier proposals, spend, pricing models, benchmarks, total cost, and financial impacts to develop negotiation strategies and sourcing recommendations.
• Identify and appropriately escalate commercial, contractual, operational, financial, and supplier risks.
• Maintain sourcing pipeline, contract, financial-impact, savings, and status information and provide clear reporting to management and stakeholders.
• Build effective relationships with senior business leaders, suppliers, and cross-functional partners while managing multiple engagements and competing priorities.
• Provide sourcing expertise, mentoring, and practical guidance to less experienced sourcing professionals and business partners.

Contract Negotiation & Commercial Management

• Lead all aspects of supplier negotiations, including development of Title Services and Contact Center categories and negotiation strategies, vendor communications, proposal evaluations, and award recommendations.
• Negotiate commercial, operational, legal, governance, and risk-related terms — including Customer Service and Business Process Outsourcing, Interpretation and Translation Services, Notary and Mortgage-related Services, Real Estate Appraisals, Valuations, and Analytics, related supplier, contracting, sourcing, and category initiatives — while balancing stakeholder objectives, speed to market, and enterprise risk tolerance.
• Draft, review, and manage contract language to address evolving business, technology, regulatory, and market requirements.

Supplier Relationship & Risk Management

• Manage strategic supplier relationships throughout the contract lifecycle, driving performance, customer satisfaction, service improvements, and value realization.
• Partner with Line of business, Supplier Management, Third Party Risk Management, Legal, Information Security, Data Privacy, and Finance to ensure compliance with corporate policies, regulatory requirements, Consumer Lending industry standards and risk management standards.
• Resolve supplier disputes and proactively address supplier performance or risk concerns.

Stakeholder Partnership & Governance

• Build and maintain strong relationships with executive leadership, business partners, vendors, and key stakeholders.
• Partner with business units to define requirements, execute RFx events, evaluate suppliers, and support vendor selection decisions.
• Drive stakeholder alignment on sourcing strategies, supplier recommendations, contract terms, risk decisions, and implementation plans.
• Act as a central point of coordination for sourcing initiatives across multiple business groups.

Compliance, Reporting & Implementation

• Ensure Home Lending and COO contracts and sourcing activities comply with applicable legal, regulatory, risk, and corporate requirements, including UDAAP, RESPA, HMDA, CFL, third-party risk standards, and Wells Fargo contracting policies and procedures.
• Coordinate with Legal, Third-Party Risk, Compliance, Finance, Supplier Management, and business stakeholders to identify and escalate contractual, supplier, operational, technology, financial, and reputational risks and complete required due diligence, exception, and approval activities before contract execution.
• Incorporate current risk and control requirements into supplier agreements and contract-remediation activities, including artificial intelligence provisions, confidentiality protections, service-level requirements, business-continuity controls, and other terms needed to address the risk profile of the engagement.
• Track, communicate, and report sourcing progress, realized value, risk considerations, and implementation readiness.

Leadership & Subject Matter Expertise

• Provide guidance, coaching, and subject matter expertise to less experienced sourcing professionals, Buyers, and business partners.
• Educate stakeholders on sourcing, contracting, supplier management, and risk-related policies and processes.
• Serve as a trusted advisor for complex sourcing and supplier management decisions, including Consumer Lending vendor landscape trends, pricing benchmarks, and AI capability adoption.

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:

• 5+ years of experience drafting, reviewing, interpreting, or negotiating commercial contracts.
• Experience leading complex strategic sourcing and supplier negotiations within a large, highly regulated organization.
• Experience sourcing customer service/business process outsourcing, financial services, mortgage-related services, technology, or other complex supplier categories.
• Strong commercial and financial acumen, including experience with pricing analysis, benchmarking, spend analysis, and cost optimization.
• Experience leading competitive sourcing events and managing the sourcing lifecycle from requirements through contract execution.
• Strong project-management skills and experience coordinating Legal, Risk, Technology, Finance, and senior business stakeholders.
• Proficiency with Ariba, competitive sourcing processes, supplier evaluation, benchmarking, and spend analysis.
• Ability to develop sourcing strategies and translate business requirements into effective supplier and negotiation strategies.
• Strong written and verbal communication with the ability to influence senior stakeholders and suppliers.
• Advanced analytical, problem-solving, time-management, and organizational skills.
• Ability to manage multiple complex initiatives while maintaining strong attention to detail.

Job Expectations:

• Ability to travel 5% of the time
• Adherence to in-office attendance expectations; 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:

• 1525 West W.T. Harris Blvd, Charlotte, NC
• 550 S. 4th St. Minneapolis, MN
• 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.
$119,000.00 - $206,000.00

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:

2 Nov 2026

*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.

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