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Sourcing Coordinator

1 month ago

Hyderabad, Telangana, India The Wells Fargo Foundation Full time
Job Description

About this role:

Wells Fargo is seeking a Sourcing Associate

In this role, you will:

- Manage and administer the relationships for assigned low risk vendors and suppliers
- Plan and implement purchasing activities, measure, monitor, and report performance levels, completing vendor or supplier evaluations and scorecards
- Conduct review meetings as a tool for improving supplier performance, and escalate and resolve customer service issues with the supplier or vendor
- Work with experienced sourcing consultants to identify ways to improve supply chain performance including cost savings, quality improvements, and discount programs
- Identify improvements in tools and processes to streamline and automate the supply or commodity management process
- Understand vendor management and sourcing practices
- Work with contract negotiations and vendor relationships of low to medium complexity
- Complete work under direction of more experienced staff
- Act as focal point for low risk sourcing and vendor management activities

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:

- Contract drafting and management
- Responsible for implementing purchasing activities, including the selection, negotiation, and management of direct and indirect good and services, and managing relationships with vendors and suppliers. Jobs are responsible for end-to-end third party service provider selection and contracting process to enable expense optimization, and reduce vendor contract risk.

Posting End Date:

11 Mar 2025

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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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