Sourcing Associate

Wells Fargo is seeking a Sourcing Associate

In this role, you will:

Manage and administer the relationships for assigned low risk vendors and suppliers

Plan and implement purchasing activities, measure, monitor, and report performance levels, completing vendor or supplier evaluations and scorecards

Conduct review meetings as a tool for improving supplier performance, and escalate and resolve customer service issues with the supplier or vendor

Work with experienced sourcing consultants to identify ways to improve supply chain performance including cost savings, quality improvements, and discount programs

Identify improvements in tools and processes to streamline and automate the supply or commodity management process

Understand vendor management and sourcing practices

Work with contract negotiations and vendor relationships of low to medium complexity

Complete work under direction of more experienced staff

Act as focal point for low risk sourcing and vendor management activities

Required Qualifications:

6+ months of Sourcing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

Strong experience in Supply Chain Management.

Knowledge of contract drafting and negotiating vendor legal terms and conditions

Strong Experience in negotiation of commercial terms.

Cross-category experience is preferred.

Job Expectations:

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

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 proactively identifies and analyzes cost savings opportunities.

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

Ensure contracts clearly 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.

*Job posting may come down early due to volume of applicants.

Wells 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.