Wells Fargo Sourcing Associate 

India, Telangana, Hyderabad 

12447028

In this role, you will:

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

  ·Experience on multiple categories preferably IT & Telecom.

  ·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 obligations

  ·Proactively identifies and analyzes cost savings opportunities.

  ·Support RFx activities including selection criteria

  ·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 clearlyspecify 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.

  ·Conduct Quality Check on transactional documents

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 Communication and Interpersonal skills.

Excellent networking and negotiation skills

Ability to structure and communicate decisions to senior management

Job Expectations:

Experience of more than 6+ years in Supply Chain Management.

Exposure to IT and Telecom category.

Knowledge of contract drafting and negotiating vendor legal terms and conditions

Strong Experience in negotiation of commercial terms.

Cross-category experience is preferred.

29 Apr 2025

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.