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
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