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Wells Fargo · 15 hours ago

Lead Sourcing Consultant

Charlotte, NC

Full-time

Hybrid

Senior Level, Lead/Staff

5+ years exp

Wells Fargo is seeking a Lead Sourcing Consultant to manage supplier relationships and lead contract negotiations. The role focuses on optimizing sourcing strategies, ensuring compliance, and providing guidance to less experienced staff.

BankingFinancial ServicesFinTechInsurancePayments

Responsibilities

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, 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

Qualification

Sourcing experienceProcurement experienceContract negotiationsTechnology sourcingFinancial analysisExecutive level briefingsCollaboration skills

Required

5+ years of Sourcing, Procurement experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Preferred

Experience with technology sourcing in one or more of the following: Enterprise hardware (Servers, Storage, Network Devices, Mainframe), Software (on-premises and hosted), Emerging technologies (Cloud, Data Analytics, Generative AI)

Experience managing IT specific sourcing activity for hardware and software categories

Experience working with industry-leading IT suppliers, including Dell/EMC, VMware, HPE, IBM, HPI and Teradata

Fundamental understanding of analyzing technology proposals for both existing and emerging technology platforms

Knowledge of negotiation process for maintenance renewals, Capex and OPEX purchases and software licensing (perpetual and subscription)

Strong collaboration skills with experience working in a fast paced matrix environment

Strong aptitude in a) Technology platforms and vernacular, b) Contract negotiations - both legal terms & conditions and commercial terms, c) Financial analysis, d) Executive level briefings - written and verbal