Strategic Sourcing Consultant 3

Company: Wells Fargo
Location: Minneapolis
Posted on: November 22, 2021

Job Description:

Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with youThe Chief Operating Office (COO) is responsible for delivering a more consistent approach to business operations across Wells Fargo, strengthening the company's risk and control infrastructure, and delivering effective and efficient enterprise services to employees and customers.The COO group includes the head of Operations, who is jointly responsible for line of business operations with each of the five LOB CEOs. Operations functions include contact center operations, client servicing support, money movements within our businesses, lending operations, and other functions.The COO group also includes a number of teams dedicated to strengthening Wells Fargo's risk and control infrastructure. These include the Control Executive team; Regulatory and Policy Affairs; Enterprise Customer Excellence; Sales Practices Oversight and Management; and Strategic Execution and Operations.The Chief Administrative Office, encompassing the Corporate Properties Group; Corporate Security; Enterprise Business Resiliency; Strategic Programs and Process Improvement; Enterprise Change Management; Supply Chain Management; and Data Management and Insights, delivers important services for our employees and customers.Strategic Sourcing Consultant 3 -The Strategic Sourcing Group within Supply Chain Management is responsible for leading the end-to-end third party service provider selection and contracting process to enable expense optimization, and reduce vendor contract risk in support of both Line of Business (LOB) and enterprise objectives.Wells Fargo is currently seeking a Strategic Sourcing Consultant 3 (SSC3) who will be responsible for leading and managing spend categories, developing strategic sourcing strategies for complex engagements, and leading both supplier selection and contract negotiations for high-risk and highly complex products and/or services, that have significant strategic business impacts. The SSC3 will also be accountable for delivering category expense savings/avoidances, and drafting customized contract terms to proactively address business requirements and risk concerns. Additional responsibilities include:

• Proactively identifies and escalates contract risk-related issues, and identifies and creates alternative contract language to mitigate risks (financial, operational, and reputational) when negotiating Master Agreements, Transaction Documents (e.g. Statement of Work or Schedule), Amendments and other contractual documents.
• Works with key stakeholders (senior leaders) across the LOB or enterprise to determine the long-term needs and applicable supply/service strategies.
• Work with business partners to identify and drive Total Cost of Ownership (TCO) process improvements to reduce costs.
• Supports initiatives specific to e-business (procure-to-pay), diversity, and sustainability in an effort to continually improve category effectiveness and efficiencies.
• Provide input and leadership into the development of LOB periodic business reviews, Strategic Sourcing's annual LOB and category strategy reviews and acts as Strategic Sourcing's liaison to key LOB leaders
• Lead vendor governance activities (i.e. supplier briefs, internal stakeholder meetings, vendor periodic business reviews) specific to Wells Fargo's most critical vendors.
• Contribute to improving LOB and/or Strategic Sourcing processes and systems to enable more robust processes, or efficiencies/expense reductions.Required Qualifications
  • 8+ years of experience in one or a combination of the following: sourcing, technical sales, consulting, or vendor management demonstrated through work or military experience; or a Juris Doctorate (JD) degree and 5+ years of experience in one or a combination of the following: sourcing, technical sales, consulting, or vendor managementDesired Qualifications
    • Comprehensive knowledge and understanding of contract negotiation
    • Comprehensive knowledge and understanding of sourcing methodology
    • Experience managing third party relationships and measuring performance results
    • Ability to provide leadership by coaching, training, and mentoringOther 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: professional services or contingent labor, technology (e.g. IT consulting and hardware/software/SaaS), facilities and or construction, financial services industry related products and services.--- Experience negotiating contracts and sourcing for a large complex organization in 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, Emptoris, and Ariba).Street AddressNC-Charlotte: 11625 N Community House Road - Charlotte, NCMN-Minneapolis: 550 South 4th St - Minneapolis, MNIA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IAAZ-Chandler: 2600 S Price Rd - Chandler, AZDisclaimer
      All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.Benefits SummaryBenefits Visit for benefits information.

Keywords: Wells Fargo, Minneapolis , Strategic Sourcing Consultant 3, Professions , Minneapolis, Minnesota