Lead Sourcing Consultant - Technology

Lead Sourcing Consultant
- Technology

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