About this role:Wells Fargo is seeking a Lead Sourcing Consultant to join the Strategic Sourcing Team as part of the Chief Administrative Office (CAO). This individual will lead contract negotiations and manage supplier relationships of high risk or complexity with significant impact to the business strategy. They will also manage suppliers and relationships from a life-cycle perspective with a focus on reducing cost or spend, increasing customer satisfaction, and maximizing business impact.
In this role, you will:- Establish e-business, procure-to-pay, environmental, and Strategic Sourcing cost reduction strategies to continually improve category effectiveness and efficiencies
- Customize legal contract language to proactively anticipate technology, market and business issues
- Control all aspects of negotiation and set negotiation strategy
- Support acquisitions including negotiation reassignment on high-risk contracts
- Participate in the review of closing agreements
- Lead projects required to ensure legal and regulatory compliance, as well as educate and act as a resource for Contract Analysts with regard to such issues
- Educate Contract Analysts and business partners on risk issues and handle vendor disputes
- Provide direction and guidance to less experienced staff
- Partner with business units to issue and evaluate Request For Proposals and to ensure successful implementation of agreements
- Partner with business units to ensure standard contracts include corporate requirements
- Establish and maintain a good rapport with executive management, vendors, and third-party lessors or manufacturers to optimize negotiation, savings and service improvements and problem resolution
- Act as a focal point for coordinating sourcing efforts across business entities
Required Qualifications:- 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 one or more of the following categories: technology (e.g. hardware/software/SaaS/public and private cloud), financial services industry related products and services
- Experience negotiating contracts and sourcing for a large complex organization in a 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, strategic sourcing (RFx) and reverse auction tools (ex: Beeline, and Ariba)
- Ability to quickly establish credibility to build and maintain effective working relationships
- Strong time management skills and ability to meet deadlines
- Strong analytical skills and high attention to detail
Job Expectations:- This position offers a hybrid work schedule
- This position is not eligible for VISA sponsorship
Work Locations:Charlotte, North Carolina
Minneapolis, Minnesota
Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$100,000.00 - $179,000.00
Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:30 Sep 2025
* Job posting may come down early due to volume of applicants. We Value Equal OpportunityWells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
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.
Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
