Wells Fargo · 8 hours ago
Senior Sourcing Consultant
MINNEAPOLIS, MN
Full-time
Hybrid
Mid, Senior Level
$87K/yr - $154K/yr
4+ years expWells Fargo is seeking a Senior Sourcing Consultant. In this role, you will establish cost reduction strategies, control negotiation aspects, and ensure compliance while partnering with business units to implement agreements.
BankingFinancial ServicesFinTechInsurancePayments
No H1B
Responsibilities
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
Required
4+ years of Sourcing, Procurement experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Preferred
Fundamental understanding of contract law, including a minimum of 4 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. hardware/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 analysis capabilities
Proficiency with leading web-based contract management, strategic sourcing (RFx) and reverse auction tools (ex: Beeline, 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
Benefits
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
Company
Wells Fargo
Wells Fargo & Company is a financial services firm that provides banking, insurance, investments, and mortgage services.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-10-06IPO
Leadership Team
Charlie Scharf
CEO
Fernando Rivas
CEO of Corporate & Investment Banking
Recent News
2026-01-24
2026-01-23
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