Head of Professional Services Strategic Sourcing

About this role: Wells Fargo is seeking a Head of Professional Services Strategic Sourcing to lead the Professional Services Strategic Sourcing Team and manage spend of $3.0B annually with close to 1800+ contracts. Professional services categories managed by this team has recently expanded with the launch of our new Operating Model to include Consulting & Advisory Services, Audit, Finance & Accounting Services, Tax Services, Legal Services, ITO and BPO Outsourcing Services, Staff Augmentation, and System Integration. The leader will direct a geographically distributed team of approximately 20 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. This leader is expected to be a thought leader on sourcing labor across our enterprise. This leader will be expected to independently lead strategic planning discussions with LOB leaders, and to guide them in the most complex and important supplier negotiations and escalations. This leader must have the gravitas and deep business acumen required to be valued as a trusted advisor by the business executives. She/he must anticipate market changes and act with a sense of urgency. This leader will work to achieve a “seat at the table” with line of business 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. In this role, you will: Lead teams of Strategic Sourcing professionals to execute sourcing strategies for highly complex enterprise wide and line of business specific negotiations to achieve companywide business objective Evaluate, negotiate, and manage the most complex or strategically important supplier and vendor relationships to ensure all align with companywide objectives 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 develo Lead change with integrity, sound judg…

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