Sourcing Associate Job in Wells Fargo
- Consultancy
- 0 to 6 Yrs
- Hyderabad
- 15 days ago
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Job Description
- About This Role Wells Fargo is seeking a Sourcing Associate. In This Role, You Will 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 Develops Strategic Sourcing strategies and lead contract negotiations for medium to high risk products / services. 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. Identifies and escalates risk-related issues and identifies alternative options/solutions. Maintains current status and engagement information related to active engagements in Strategic Sourcing systems. Ensures meeting all internal policies pertaining to contracts Ensure contracts clearly specify the right and responsibilities of each party to the contract 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. Knowledge of contract drafting and negotiating vendor legal terms and conditions Strong Experience in negotiating legal and commercial and legal clause Cross-category experience is preferred. Posting End Date: 5 Mar 2025 Job posting may come down early due to volume of applicants. We Value Diversity Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements. Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process. Applicants With Disabilities To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo . Drug and Alcohol Policy Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more. Wells Fargo Recruitment And Hiring Requirements Third-Party recordings are prohibited unless authorized by Wells Fargo. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process. Reference Number R-432902,
Employement Category:
Employement Type: Full timeIndustry: BFSI
Role Category: Not Specified
Functional Area: Not Specified
Role/Responsibilies: Sourcing Associate Job in Wells Fargo at
Contact Details:
Company: Wells FargoLocation(s): Hyderabad
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Keyskills: Sourcing Quality Check Strategic Sourcing Contract Negotiation Contract Drafting Vendor Contracts Risk Management Supply Chain Management Negotiation Skills Communication Skills Interpersonal Skills
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