Hyderabad,

About Wells Fargo


Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description


About Wells Fargo India


Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.

Department Overview


The Supply Chain Management team is within Corporate Services department and is primarily responsible for contract negotiation and procurement of goods and services

About the Role


You will work as part of the Sourcing Team to support the negotiation and review of contracts and other legal documents. You will interact closely with multiples lines of business.


Responsibilities


  • Develops Strategic Sourcing strategies and leads contract negotiations for high risk products and/or services.
  • Well versed with contract principles and drafts non-standard contract terms and conditions.
  • Review, draft and negotiate Master Agreements, high dollar high complex Statement of Works, Change Orders, Amendments and similar contracts
  • Safeguard Wells Fargo by mitigating risks and obligations identified in vendor contracts
  • Develop hypotheses for sourcing strategies using market intelligence, benchmarking data and input from the customers and suppliers.
  • Be a category expert
  • Accountable for category savings, and supplier performance measures.
  • Researches and analyzes contract data, business goals and market conditions and proactively identify cost savings opportunities.
  • Analyze commitments and indications of financial responsibility and analyze the most advantageous offer
  • Acts as the primary liaison for current and potential suppliers for low to medium risk/dollar spend
  • Identifies and escalates risk-related issues, identifies alternative options/solutions.
  • Works with key stakeholders to determine the long-term needs and applicable supply/service market strategies.
  • Partners with business groups to issue/evaluate RFx opportunities and conduct reverse auctions.
  • Establishes supplier evaluation/selection criteria and coordinates supplier due diligence activities.
  • Guide team members on industry benchmarking and category trends
  • Monitors to comply all internal policies pertaining to contracts
  • Monitor to ensure contracts all contracts clearly specify the right and responsibilities of each party
  • Monitors 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.
  • Train and/or lead experienced members of the team.
  • Conduct Quality Check on master agreements and pursuant contracts

Essential Qualifications


  • Legal (LLB) graduate or any other graduate
  • Experience of 9 to 11 years in Contract negotiations
  • Knowledge in supply chain management.
  • Strong analytical skills.
Fluency in English and at least one regional language.

Market Skills and Certifications


Essential Qualifications
  • Legal (LLB) graduate or any other graduate
  • Experience of 8 to 10 years in Contract negotiations
  • Knowledge in supply chain management.
  • Strong analytical skills.
  • Fluency in English and at least one regional language.

Desired Qualifications:



Experience of working across one or more geographic territories or regions


We Value Diversity


At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate. 67694

Hyderabad,

At Wells Fargo, we’ve been proudly supporting military veterans and their families for more than 170 years.

We value the leadership, discipline, and skills you’ve gained through your service to our country and recognize the contributions our veteran team members bring to the table. We’re so committed to hiring and retaining military veterans, veterans with disabilities, National Guard members, and Reservists that we’ve made it our goal is to employ 20,000 veterans by 2020.

As a Wells Fargo team member, you’ll find a work culture that is team-oriented, collaborative, structured, and challenging. We support veterans transitioning from military service with a variety of job options, confidential resources, educational information, and career guidance. You may choose to join our Veteran’s Team Member Network, a group of thousands who share an interest in veterans’ matters, and that promotes greater awareness and job development within the veteran community. To learn more about opportunities at our company, please visit wellsfargojobs.com/military. Let’s talk about turning your military experience into a great civilian career.

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