CIB Strategic Vendor Management Lead
About The Position
About this role: Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo. Wells Fargo is seeking a Strategic Vendor Management Lead to serve as a strategic partner between CIB Business Owners and Supply Chain Management (SCM), driving vendor relationship optimization, governance compliance, and timely execution of complex SCM tasks. This role requires executive-level engagement, portfolio oversight, risk management, and commercial acumen to deliver cost efficiencies and process improvements. In this role, you will: Stakeholder Engagement: Act as primary liaison for respective business assigned (Banking, Markets, Commercial and Real Estate, International, and COO); summarize portfolio performance, influence senior stakeholders and present insights Spend Analysis: Identify cost-saving opportunities, perform variance analysis, and support budgeting and forecasting cycles SCM Task Ownership: Oversee completion of Inherent Risk Questionnaires, compliance assessments, and remediation activities Vendor Portfolio Governance: Lead recurring vendor portfolio reviews; ensure SLA adherence and performance optimization Risk & Compliance Oversight: Ensure adherence to regulatory standards and contractual compliance Process Optimization: Drive automation initiatives and leverage procurement tools for efficiency
Requirements
- 5+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- This role is not eligible for VISA sponsorship
- Ability to travel as needed
- Willingness to work on-site in accordance with current office requirements
- Ability to work additional hours as needed
- This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents. Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.
- 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.
- Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Nice To Haves
- Strong communication, Executive interaction and presentation skills
- Robust experience in Third Party Risk Management
- Analytical mindset with experience in SLA governance and vendor management
- Ability to synthesize portfolio data into actionable insights
- Basic financial acumen for cost analysis and business case development
- Advanced stakeholder management and negotiation skills
- Familiarity with supply chain management / third party risk frameworks, compliance standards, and procurement tools (Ariba, ProcessUnity)
Responsibilities
- Stakeholder Engagement: Act as primary liaison for respective business assigned (Banking, Markets, Commercial and Real Estate, International, and COO); summarize portfolio performance, influence senior stakeholders and present insights
- Spend Analysis: Identify cost-saving opportunities, perform variance analysis, and support budgeting and forecasting cycles
- SCM Task Ownership: Oversee completion of Inherent Risk Questionnaires, compliance assessments, and remediation activities
- Vendor Portfolio Governance: Lead recurring vendor portfolio reviews; ensure SLA adherence and performance optimization
- Risk & Compliance Oversight: Ensure adherence to regulatory standards and contractual compliance
- Process Optimization: Drive automation initiatives and leverage procurement tools for efficiency
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
