Business Execution Associate
2 weeks ago
About this role:
Wells Fargo is seeking a
Business Execution Associate to join
Supply Chain Management's Procure-to-Pay (P2P) Ariba Contract Compliance team, **responsible for reviewing contracts and creating terms in Ariba Buying and Invoicing that establish controls for procurement and payment activity.
Activities would include creating new or amending contract terms documents for qualified suppliers, identifying and resolving data quality issues, liaison to PeopleSoft and Ariba Contracting, Supplier Lifecycle and Buying and Invoicing data domain owners.
Business Overview
Supply Chain Management (SCM) falls under the Chief Administrative Office (CAO) and Chief Operating Office (COO) respectively within Wells Fargo. SCM aligns with business leaders across the enterprise to deliver advantageous supply solutions with acceptable third-party risk.
The Supply Chain global team specializes in strategic sourcing, contract negotiation, procure-to-pay capabilities, timely supply chain analytics, and delivering supply solutions with acceptable third-party risk
.
Supply Chain also connects with our communities through supplier diversity outreach and by embedding socially responsible strategies into our sourcing processes.
Procure-to-Pay manages the company-wide P2P program to ensure the appropriate controls are established with suppliers and that the goods and services meet Wells Fargo's standards of quality, service, and availability, while minimizing transactional risk.
In this role, you will:
- Review and analyze contracts to operationalize contract terms and procurement strategies using Ariba's Contract Compliance features
- Review and analyze inquiries and operational challenges that require research, evaluation
- Analyze and present recommendations for resolving more complex situations and exercise some independent judgment while developing of understanding of policies, procedures, and compliance regulations
- Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
- Supports initiatives specific diversity, and sustainability to continually improve effectiveness and efficiencies.
- Achieve performance measures while developing expertise in policies, procedures, and compliance requirements
- Lead projects, programs and initiatives
- Research and respond to internal or external inquiries
Required Qualifications:
- 2+ years of Sourcing, Procurement experience and Ariba Contract Compliance experience or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:
- Ability to use data and insights to inform conclusions
- High attention to detail and accuracy
- Proven ability to initiate action, adapt to change, and quickly learn
- Strong verbal, written, and interpersonal communication skills
- Strong multitasking, organizational, and prioritizing skills
- Knowledge and understanding of contracts and supply chain management lifecycle within the financial services industry
- Experience with SAP Ariba
- Ariba Supplier Lifecycle Management (SLP), Ariba Sourcing & Contract Management, and Ariba Buying & Invoicing specifically Contract Compliance features.
- Ability to quickly establish credibility to build and maintain effective working relationships.
- Strong organizational, multitasking, prioritizing skills and analytical skills with high attention to detail and accuracy
Job Expectations:
- Knowledge and understanding of contracts and supply chain management lifecycle
- Take initiative, prioritize work activities, meet deadlines, achieve goals, and work under pressure in a dynamic, engaging, and complex environment
- Relocation assistance is not available for this position
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.
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