Sourcing Consultant

About this role:

Wells Fargo is seeking a 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.

In this role, you will:

• Delivering category expense savings/avoidances, and drafting customized contract terms to proactively address business requirements and risk concerns.
• Supports required spend categories, and takes a key role in the development of a negotiations strategy
• Establishes supplier evaluation/selection criteria and coordinates supplier due diligence activities
• Works with stakeholders to determine the long-term needs and applicable supply/service market strategies
• Supports e-business (procure-to-pay), diversity, environmental, and Strategic Sourcing cost reduction strategies to continually improve category effectiveness and efficiencies
• Uses experience, supply base knowledge, benchmarking data, and market conditions to determine appropriate supply-side and demand-side category levers

Required Qualifications, US:

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

Desired Qualifications:

• 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 detail
• Fundamental understanding of contract law, including a minimum of 1 year experience drafting, reviewing, and interpreting contracts.
• Existing sourcing and negotiation experience through management of spend analysis and development of strategic sourcing strategies
• Experience with supplier contract negotiations, Strategic Sourcing contracting and purchasing processes, IT terminology and RFx event setup and coordination
• Benchmarking and analysis capabilities

Posting End Date:
22 Jan 2024
*Job posting may come down early due to volume of applicants.

We Value Diversity

At 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.

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.