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Wells Fargo is seeking a Sourcing Consultant. In this role, you will develop sourcing strategies, negotiate contracts, analyze data for cost savings, draft contract terms, develop supplier strategy, ensure compliance, and lead projects.
Job Responsibility:
Develop Sourcing strategies and contract negotiations
Review and analyze contract data, business goals and market conditions to identify cost saving opportunities
Customize contract risk terms and draft non standard contract terms and conditions to address business and risk concerns
Develop supplier strategy
Achieve performance measures while developing expertise in policies, procedures and compliance requirements
Collaborate and consult with peers, colleagues and mid level managers to ensure appropriate language is used to achieve final lease documents
Lead projects, teams or serve as a mentor
Research and respond to internal or external inquiries
Develops Strategic Sourcing strategies and lead contract negotiations for medium to high risk products / services
Well versed with contract principles and drafts non-standard contract terms and conditions
Review, draft and negotiate Master Agreements, Statement of Works, Change Orders, Amendments and similar contracts
Research vendor contracts to identify existing relationships, rights, risks and obligations
Proactively identifies and analyzes cost savings opportunities
Support RFx activities including selection criteria
Identifies and escalates risk-related issues and identifies alternative options/solutions
Partner with business groups to issue/evaluate RFx opportunities and conduct reverse auctions
Establishes supplier evaluation/selection criteria and coordinates supplier due diligence activities
Maintains current status and engagement information related to active engagements in Strategic Sourcing systems
Ensures meeting all internal policies pertaining to contracts
Ensure contracts clearly specify the right and responsibilities of each party to the contract
Ensures compliance with legal and regulatory requirements such as data protection including customer supervisory information (CSI), Gramm-Leach-Bliley Act (GLBA) to protect customer personal information, etc.
Conduct Quality Check on transactional documents
Requirements:
2+ years of Sourcing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Experience of more than 8+ years in Supply Chain Management
Exposure to IT and Telecom category
Knowledge of contract drafting and negotiating vendor legal terms and conditions
Strong Experience in negotiation of commercial terms
Cross-category experience is preferred
Ability to structure and communicate decisions to senior management