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About this role:
The candidate should have significant CIB experience and have demonstrated a strategic approach to vendor selection and negotiations, bring a strategic mindset, leverage their risk and control expertise, leadership, and business acumen to oversee the efficiency of the vendor management process for CIB. This is a highly visible leadership role requiring partnership and stakeholder management across CIB, Enterprise CAO and Finance partners to complement procurement and ensure commercial and risk management requirements are met.
In this role, you will:
Assess the existing vendor relationship management landscape across CIB and partner with Enterprise Supply Chain to design & implement a new operating model for CIB on vendor strategy
Own and manage the end-to-end vendor lifecycle, including planning, onboarding, support contract negotiation, performance monitoring, and offboarding for CIB
Engage directly with vendors as a primary representative advocating for CIB business needs
Act as the primary contact for CIB vendor related topics to the business, Enterprise supply chain, Third-party risk, Finance, and other key stakeholders
Develop a detailed understanding of business-specific vendor needs and integrate them into strategic planning
Engage with demand planning to align vendor services with CIB business requirements
Set and achieve CIB vendor spend cost reduction targets while ensuring quality of service
Partner with supply chain to negotiate contracts, ensuring CIB obtains fair pricing and strategic value
Provide CIB-specific feedback and needs to be incorporated into enterprise transformation plans
Participate in CIB vendor renewal, approval, and review processes in collaboration with the CFO and other stakeholders
Qualifications & Experience:
Experience of CIB business execution, implementation, and/ or strategic planning experience, including management experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education
Management experience
Strong understanding and proven leadership of the Corporate & Investment Banking business, including vendor requirements and strategic planning
Extensive experience in vendor management, procurement, or supply chain within a financial services environment supporting the CIB business
Proven track record of driving cost savings, optimizing vendor relationships, and ensuring compliance
Strong leadership, transformation, stakeholder management, and strategic planning skills
Familiarity with third-party risk management, regulatory compliance, and financial controls
Ability to create relationships while navigating the regulatory, compliance and legal intricacies of working at a highly regulated business with multiple legal entities.
Strong communication skills and experience presenting to senior leaders.
A self-starter, with the ability to prioritize work and multi-task, meet deadlines, achieve goals and lead under tight deadlines in a dynamic and fast-paced environment.
Strong listening and communications skills with the ability to convey complex information and ideas simply and clearly.
Strong experience navigating a complex and large global banking organization.
Demonstrated experience around inclusivity in leading and the ability to bring along all key stakeholders into the strategy to ensure the business is operating within our risk framework.
Inquisitive and proactive mindset with the ability to think creatively to solve problems and anticipate potential questions and issues.
Wells Fargo Recruitment and Hiring Requirements:
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
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