Senior Sourcing Consultant

Company: Wells Fargo
Location: Minneapolis
Posted on: January 28, 2023

Job Description:

Wells Fargo is seeking a Senior Sourcing Consultant who will be responsible for leading the development and implementation of strategic sourcing strategies in support of the Corporate Properties Group (CPG) acquisition and sustainment needs. This role requires application of EPC / construction industry best practices applying fit for purpose project delivery models, contract packaging (scope segregation), Contract Types (EPC / DBB / PMC / PMCM, Augmentation) and pricing modalities (LS, UR, T&M, Cost-re, TCIM, GC+fee, GMax, incentive based) for high risk and complex programs and projects. About this role:

• Be accountable for delivering category expense savings/avoidances and drafting customized contract terms to proactively address business requirements and risk concerns.
• 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 strategies.
• Work with business partners to identify and drive Total Cost of Ownership (TCO) process improvements to reduce costs.
• Supports initiatives specific diversity, and sustainability in an effort to continually improve 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, US:
  • 5+ years of Sourcing, Procurement experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education. 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 the following categories: facilities and or construction.
    • 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 and strategic sourcing (RFX, Ariba).
    • Experience managing third party relationships and measuring performance results
    • Ability to provide leadership by coaching, training, and mentoring.
    • Ability to quickly establish credibility to build and maintain effective working relationships.
    • Strong time management skills and ability to meet deadlines. We Value Diversity At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law. Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements. Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Keywords: Wells Fargo, Minneapolis , Senior Sourcing Consultant, Professions , Minneapolis, Minnesota