Head of Enterprise Functions Strategic Sourcing

Wells Fargo Bank•Charlotte, NC

3d•Onsite

About The Position

Wells Fargo is seeking a Head of Strategic Sourcing to lead the Enterprise Functions Sourcing team. This executive leadership role is accountable for a highly complex portfolio supporting the Chief Operating Office, Human Resources, and Public Affairs/Marketing, representing approximately $7 billion in annual spend, 3,700 contracts each year, and 170 spend categories. The leader will direct a geographically distributed team of approximately 58 employees across onshore and offshore locations. The role is responsible for aligning sourcing strategies and execution with business priorities, delivering commercial value, managing supplier and operational risk, and strengthening the partnership between Strategic Sourcing, Business Teams, Finance, and other key stakeholders. The Head of Enterprise Functions Strategic Sourcing must be a proactive, visible strategic advisor to the most senior line of business executives. This leader must have the gravitas and deep business acumen required to be valued as a trusted advisor to the COO, HR, Public Affairs/Marketing business executives. She/he must anticipate market changes and must act with a sense of urgency. This leader must direct the operations of the enabling functions sourcing team to be responsive and adjust approaches to be right-sized based on risk & urgency. This leader must achieve a “seat at the table” with LOB leadership to have line of sight of their budget and functional priorities. Strategic Sourcing has recently launched a robust new capability around category management along with a new operating model. We are also leveraging several AI-enabled and orchestration solutions to streamline and enhance our sourcing processes. Successful candidates will demonstrate their ability to successfully drive transformation initiatives within their sourcing teams.

Requirements

10+ years of Sourcing experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, or education.
4+ years of management or leadership experience

Nice To Haves

7+ years of management or leadership experience, including 2+ years managing people leaders.
Experience leading sourcing for multiple complex, high-value spend categories (for example, professional services, HR/benefits, marketing, real estate/facilities, or corporate services) in a large, matrixed enterprise.
Extensive experience leading strategic sourcing, procurement, or supply chain organizations supporting multiple enterprise functions or complex lines of business.
Demonstrated success managing a large and diverse spend portfolio, high contract volumes, broad category scope, and geographically distributed teams.
Experience developing and executing enterprise category strategies, demand management approaches, supplier strategies, and annual commercial value or cost savings programs.
Proven ability to lead complex negotiations and structure agreements with large, strategic, or global suppliers.
Strong knowledge of third-party risk, contracting controls, supplier governance, and sourcing practices in a highly regulated environment; financial services experience preferred.
Executive-level relationship management skills, including the ability to advise, influence, challenge, and build alignment with senior business and Finance leaders.
Ability to connect business strategy, spend analytics, market intelligence, supplier capabilities, and risk considerations to sourcing priorities and decisions.
Demonstrated ability to lead organizational change, improve operating models, and use process and technology improvements (including Artificial Intelligence) to increase efficiency and effectiveness.
Excellent communication and presentation skills, including the ability to translate complex information into concise recommendations and executive-level decisions.
Strong judgment, business acumen, strategic thinking, problem solving, and ability to operate with a high degree of autonomy in a dynamic environment.
Experience developing leaders, building organizational capability, and fostering an inclusive and accountable team culture.
Virtual leadership experience with the ability to drive results and build relationships across onshore and offshore teams.

Responsibilities

Lead multiple teams of Strategic Sourcing professionals responsible for highly complex, enterprise-wide sourcing strategies, negotiations, and contract execution across the Chief Operating Office, Human Resources, and Public Affairs.
Serve as a strategic advisor and primary senior Sourcing partner to Enterprise Functions executives, Business leaders, and Finance partners by translating business priorities, demand, and financial objectives into actionable sourcing strategies.
Provide strategic oversight for a portfolio of approximately $7 billion in annual spend, 3,700 annual contracts, and 170 spend categories.
Prioritize and govern the deal pipeline, expiring contracts, category strategies, and material sourcing initiatives to align resources with business needs and enterprise priorities.
Develop and execute category and supplier strategies that optimize expense, improve commercial outcomes, strengthen supplier performance, and support sustainable value creation.
Lead or provide executive oversight for the most complex, high-risk, or strategically important negotiations, contract dispositions, supplier relationships, and sourcing escalations.
Ensure sourcing and contracting activities follow applicable policies, controls, risk requirements, and regulatory expectations, with timely escalation and remediation of issues.
Establish strong operating routines with senior Business and Finance leaders to review spend, demand, pipeline, savings, contract expirations, supplier risk, and execution performance.
Deliver clear executive reporting and data-driven insights regarding commercial value, sourcing activity, portfolio performance, risks, and opportunities.
Collaborate across Strategic Sourcing, Supplier Management, Legal, Risk, Compliance, Finance, Technology, and other Supply Chain Management teams to resolve complex issues and achieve enterprise objectives.
Manage the allocation of people and financial resources, balance onshore and offshore delivery, and ensure the organization has the capacity and capabilities required to meet portfolio demand.
Build and sustain a high-performing, inclusive team through talent acquisition, coaching, feedback, succession planning, performance management, and leadership development.
Lead change with integrity, sound judgment, accountability, and a strong focus on customer relationships, risk management, and execution.