Lead Sourcing Consultant (Investment Banking Procurement)

Company: Wells Fargo
Location: Charlotte
Posted on: January 27, 2023

Job Description:

About this role: Wells Fargo is seeking a Lead Sourcing Consultant to strategic sourcing needs in the Corporate and Investment Banking (CIB) category. 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, diversity, 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, US:
  • 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:
    • Comprehensive sourcing and contract negotiation experience with suppliers providing products, platforms, exchanges and/or services to corporate and investment banks.
    • Experience with vendors supporting the following: equities, fixed income, foreign exchange, commercial real estate, M&A, Capital Markets.
    • Fundamental understanding of contract law, including a minimum of 5 years' experience drafting, reviewing, and interpreting contracts.
    • 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.
    • Proficiency with leading web-based contract management, strategic sourcing (RFx) and reverse auction tools (ex: Beeline, Emptoris, and Ariba).
    • Experience managing third party relationships and measuring performance results
    • Ability to provide leadership by coaching, training, and mentoring
    • 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: NY Salary Range: $115,900 - $206,100 Salary Range all other locations: $96,600 - $171,800
      • Available locations: Charlotte, NC - Minneapolis, MN - Chandler, AZ - St. Louis, MO - West Des Moines, IA - New York, NY - Summit, NJ - Wilmington, DE - Philadelphia, PA - Dallas, TX - Addison, TX Pay Range $96,600.00 - $171,800.00 Annual Benefits
        • Information about Wells Fargo's employee benefits 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, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Keywords: Wells Fargo, Charlotte , Lead Sourcing Consultant (Investment Banking Procurement), Accounting, Auditing , Charlotte, North Carolina