CIB Vendor Relationship Manager
Company | Wells Fargo |
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Location | Charlotte, NC, USA, New York, NY, USA |
Salary | $120400 – $287600 |
Type | Full-Time |
Degrees | |
Experience Level | Senior, Expert or higher |
Requirements
- 6+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 3+ years Management or leadership experience
Responsibilities
- 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
Preferred Qualifications
- 6+ years of Corporate & Investment Banking 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