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indeed

Sourcing Consultant

Wells Fargo
Karnataka, IND
Full-time
Onsite
Discovered 4 weeks ago
Strategic sourcingContract negotiationContract draftingSupplier strategyRFx activitiesSupplier due diligence

Full Job Posting

About the role

Wells Fargo is seeking a Sourcing Consultant.

Role responsibilities

  • Develop strategic sourcing and supplier strategies and lead negotiations for medium- to high-risk products and services.
  • Review, draft, and negotiate master agreements, statements of work, change orders, amendments, and similar contracts.
  • Customize non-standard contract terms to address business and risk concerns.
  • Analyze contract data, business goals, and market conditions to find cost-saving opportunities.
  • Support RFx activities, selection criteria, opportunity evaluation, and reverse auctions with business groups.
  • Establish supplier evaluation and selection criteria and coordinate supplier due diligence.
  • Research vendor contracts for existing relationships, rights, risks, and obligations; identify and escalate risk issues and alternatives.
  • Maintain active engagement information in Strategic Sourcing systems and ensure compliance with internal contract policies.
  • Ensure contracts define each party's rights and responsibilities and meet legal and regulatory requirements, including data protection.
  • Conduct quality checks on transactional documents.
  • Meet performance measures, build policy and procedure expertise, collaborate with colleagues and managers, lead projects or teams or mentor, and respond to inquiries.

Required qualification

  • At least 2 years of sourcing experience, or equivalent demonstrated through work experience, training, military experience, or education.

Desired qualifications

  • Supply chain management experience; exposure to IT and Telecom; cross-category experience preferred.
  • Knowledge of contract drafting and vendor legal terms, strong commercial negotiation experience, and ability to communicate decisions to senior management are desired.
  • Strong communication, interpersonal, networking, and negotiation skills are desired.

Risk and compliance expectations

Employees are accountable for applicable risk programs, following policies and procedures, fulfilling compliance obligations, escalating and remediating issues, and making sound risk decisions.

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