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Sourcing Consultant

https://www.wellsfargo.com/ Logo

Wells Fargo

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Location:
India , Hyderabad

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Category:

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Contract Type:
Not provided

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Salary:

Not provided

Job Description:

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
  • Strong Communication and Interpersonal skills
  • Excellent networking and negotiation skills

Nice to have:

Cross-category experience is preferred

Additional Information:

Job Posted:
March 22, 2026

Expiration:
March 24, 2026

Employment Type:
Fulltime
Job Link Share:

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