Sourcing Consultant

About this role:

Wells Fargo is seeking a Sourcing Consultant

In this role, you will:

**- 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

• Required Qualifications:

• 2+ years of Sourcing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• Desired Qualifications:

• 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** Job Expectations:

• Develops Strategic Sourcing strategies and lead contract negotiations for medium to high risk products / services.

• Experience on multiple categories preferablyIT Telecom.

• 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

• Ensurecontractsclearly 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