Manager Procurement Categories

Fidelity Canada; Toronto; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Manager of Procurement Categories to lead complex negotiations and drive optimized deals across various business units. This role involves evaluating suppliers, managing contracts, and enhancing operational efficiency. You will be part of a dynamic team that values diversity and inclusion, providing you with opportunities to grow in a supportive environment. If you have a passion for procurement and a knack for negotiation, this position offers a chance to make a significant impact while working in a flexible hybrid schedule.

Qualifications

• 7+ years of procurement experience as a category manager or product manager.
• Proven experience in end-to-end procurement of technology and non-technology products.

Responsibilities

• Lead complex procurement deal negotiations and manage supplier relationships.
• Evaluate suppliers and implement SLAs/KPIs in agreements.

Skills

Procurement Management

Negotiation Skills

Supplier Relationship Management

Contract Management

Financial Evaluation

Technical Evaluation

Team Leadership

Communication Skills

Education

University Degree

Job description

Job Description

Who We Are:

At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally.

Role Overview:

The Manager Procurement Categories will lead complex procurement deal negotiations; perform financial, commercial, technical and performance evaluations of large and small suppliers; and drive Fidelity’s various Canadian business units in delivering optimized deals. You seek to achieve value for services, maximize operational efficiency, and lead different Fidelity business units through the procurement process, from sourcing to negotiating to contract management. This individual will manage a team of Procurement Specialists in Fidelity Canada’s head office in Toronto.

What You Will Do:

1. Evaluate and manage large and small suppliers and implement SLA/KPIs in agreements
   • Perform financial, technical and commercial evaluations of large and small suppliers
   • Participate in SLA and KPI negotiations with suppliers
   • Assist and mentor vendor managers in managing external supplier relationships (i.e. performance management, service delivery, SLA/KPI monitoring and reporting, service extensions)
2. Launch Request for Proposal/Request for Information and evaluate suppliers based on results
   • Collaborate with Fidelity stakeholders to develop sourcing strategies for products and services
   • Leverage opportunities for and with other Fidelity procurement teams globally
   • Determine the appropriate request for proposal/request for information to launch, prepare the relevant documentation and evaluate supplier capabilities and pricing
   • Benchmark program costs and identify and implement cost saving opportunities
3. Drive procurement deals to deliver optimally balanced solutions
   • Lead complex commercial and technical negotiations for contracts and trigger the involvement of relevant business units to review contracts and terms to ensure timely completion of projects
   • Work with Fidelity’s international procurement teams to ensure that deals maximize economies-of-scale across Fidelity, where appropriate, and deliver local/global cost savings initiatives
4. Perform contract management
   • Identify and manage implementation of key contractual terms and conditions to meet business needs, limit liability and reduce legal exposure
   • Prepare contract summaries
   • Identify and communicate contractual risks and opportunities
5. Relationship Management
   • Expand and promote the role of Procurement throughout Fidelity
   • Work closely with the supplier and the end user business unit to ensure Procurement is providing the highest level of support
   • Work directly with business unit stakeholders to assess Fidelity’s needs and provide guidance on strategy, opportunity assessments and sourcing execution
   • Keep abreast of current and evolving business requirements and market capabilities in order to provide customized procurement support
   • Develop, communicate, present and deliver reports to management

What We Are Looking For:

• University degree or equivalent work experience
• 7+ years of procurement experience as either a category manager or product manager
• Experience dealing with suppliers
• Technology procurement experience in the financial services industry is preferred

The Expertise You Bring:

• Proven experience in end-to-end procurement of technology and non-technology products and services
• Experience in supplier selection via formal RFP process
• Experience resolving disputes and advanced understanding of contract law/term constructs
• Strong negotiation, facilitation and procurement leadership skills
• Strong managerial skills
• Excellent relationship management, team and communication skills
• Self-motivated, takes initiative and has the ability to effectively organize, multi-task and prioritize a wide array of initiatives

You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement.

Current work authorization for Canada is required for all openings.

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at [e-mail].

No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.