Senior Sourcing Manager

Wells Fargo • Charlotte, NC

3d • Hybrid

About The Position

Wells Fargo is seeking a Senior Sourcing Manager to join our Strategic Sourcing team within Supply Chain Management. In this role, you will execute enterprise sourcing strategies and supplier capabilities to achieve line of business or companywide business objectives. You will identify and recommend opportunities for contract negotiations and relationship management with significant and potential business strategy impacts. You will develop and direct processes, strategy and companywide program recommendations, and determine the appropriate strategy to meet deliverables, interpret and develop annual cost saving programs and implement business strategies. You will evaluate, negotiate and manage the most complex and strategically important supplier and vendor relationships. You will collaborate and consult with the Head of Technology Strategic Sourcing, peers, colleagues and interact directly with external customers to align priorities and establish tactical and strategic business objectives. You will support the Wells Fargo Technology team with all IT Hardware, Telco, Network, and AI purchases. You will manage allocation of people and financial resources for Sourcing and develop and guide a culture of talent development to meet business objectives and strategy.

Requirements

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

Nice To Haves

• Fundamental understanding of contract law in drafting, reviewing, and interpreting contracts, with deep knowledge of Technology (IT Hardware, Telco, Network, AI, Cloud, and Datacenter) experience
• Comprehensive sourcing and contract negotiation experience with suppliers in the Technology categories (e.g., IT consulting, software, and hosted technology)
• Ability to project manage deals and drive results, including engaging and working with legal, financial and stakeholders.
• Strong benchmarking and financial analyses capabilities with experience negotiating contracts and sourcing for a large complex organization in a highly regulated environment.
• Proficiency with leading web-based contract management, strategic sourcing (RFx), and reverse auction tools (i.e., Ariba).
• Experience managing third party relationships and conducting business reviews.
• Ability to provide leadership by coaching, training, and mentoring.
• Ability to quickly establish credibility by building and maintaining effective working relationships with high ethics and integrity.
• Strong time management skills and ability to meet deadlines.
• Strong listening skills to distinguish true client needs and influence sustainable outcomes.
• Strong Excel (emphasis on modeling) and PowerPoint skills (distilling complicated issues for executives)
• Excellent business and financial acumen to apply supply chain and operations for cost optimization.
• Prior Sales and/or Consulting experience is a plus

Responsibilities

• Execute enterprise sourcing strategies and supplier capabilities to achieve line of business or companywide business objectives
• Identify and recommend opportunities for contract negotiations and relationship management with significant and potential business strategy impacts
• Develop and direct processes, strategy and companywide program recommendations
• Determine appropriate strategy to meet deliverables, interpret and develop annual cost saving programs and implement business strategies
• Evaluate, negotiate and manage the most complex and strategically important supplier and vendor relationships
• Collaborate and consult with Head of Technology Strategic Sourcing, peers, colleagues and interact directly with external customers to align priorities and establish tactical and strategic business objectives
• Support Wells Fargo Technology team with all IT Hardware, Telco, Network, and AI purchases.
• Manage allocation of people and financial resources for Sourcing
• Develop and guide a culture of talent development to meet business objectives and strategy

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed