Lead Strategic Sourcing Consultant - Financial Services, Mortgage Services, Technology
Wells FargoAbout this role: Wells Fargo is seeking a Lead Sourcing Consultant to join the Strategic Sourcing team. This individual will lead complex and high-risk sourcing engagements and support category strategies across customer service, business process outsourcing, language services, mortgage-related services, and real estate appraisal, valuation, and analytics. The consultant will lead sourcing activities from initial business requirements through competitive sourcing, supplier evaluation, commercial negotiation, contracting, approvals, and implementation support. The role partners closely with business leaders, Legal, Finance, Third-Party Risk Management, Supplier Management, Technology, and other stakeholders to deliver cost optimization, risk mitigation, and business value. In this role, you will: Lead Sourcing Strategy & Category Management Lead end-to-end sourcing for complex, high-risk, and business-critical supplier engagements, including intake, sourcing strategy, competitive events, supplier evaluation, negotiation, contracting, and implementation support. Develop and execute sourcing and category management strategies that support business priorities, cost optimization, supplier performance, risk mitigation, and long-term value. Lead Request for Proposal and other competitive sourcing activities, including requirements development, supplier communications, evaluations, scorecards, negotiations, and award recommendations. Lead commercial negotiations covering pricing, payment terms, service levels, contract term, renewal provisions, operational requirements, governance, and other commercial terms. Manage complex contracting efforts involving master agreements, statements of work, amendments, technology schedules, and other supplier agreements. Partner with Legal, Finance, Risk, Technology, Supplier Management, and business stakeholders to address contract requirements, third-party risk, financial approvals, regulatory requirements, and execution dependencies. Analyze supplier proposals, spend, pricing models, benchmarks, total cost, and financial impacts to develop negotiation strategies and sourcing recommendations. Identify and appropriately escalate commercial, contractual, operational, financial, and supplier risks. Maintain sourcing pipeline, contract, financial-impact, savings, and status information and provide clear reporting to management and stakeholders. Build effective relationships with senior business leaders, suppliers, and cross-functional partners while managing multiple engagements and competing priorities. Provide sourcing expertise, mentoring, and practical guidance to less experienced sourcing professionals and business partners. Contract Negotiation & Commercial Management Lead all aspects of supplier negotiations, including development of Title Services and Contact Center categories and negotiation strategies, vendor communications, proposal evaluations, and award recommendations. Negotiate commercial, operational, legal, governance, and risk-related terms — including Customer Service and Business Process Outsourcing, Interpretation and Translation Services, Notary and Mortgage-related Services, Real Estate Appraisals, Valuations, and Analytics, related supplier, contracting, sourcing, and category initiatives — while balancing stakeholder objectives, speed to market, and enterprise risk tolerance. Draft, review, and manage contract language to address evolving business, technology, regulatory, and market requirements. Supplier Relationship & Risk Management Manage strategic supplier relationships throughout the contract lifecycle, driving performance, customer satisfaction, service improvements, and value realization. Partner with Line of business, Supplier Management, Third Party Risk Management, Legal, Information Security, Data Privacy, and Finance to ensure compliance with corporate policies, regulatory requirements, Consumer Lending industry standards and risk management standards. …