IT Vendor Management New Toronto, Canada

Momentum Financial Services Group; Toronto; Hybrid; CAD 140,000 - 155,000; Full time

Benefits offered by this job

Health and dental plans

Employee Assistance Program

Robust retirement plans

Hybrid work environment

Tuition reimbursement

Perkopolis discounts

Rewards and recognition programs

Job summary

Momentum Financial Services Group is seeking an IT Vendor Manager to govern IT vendor relationships, oversee contracts, and drive cost optimization. You will partner with Finance, Procurement, IT leadership, and business stakeholders to ensure alignment with standards and strategic goals.

The role requires 8+ years of vendor management experience and a Bachelor's degree in a related field. We offer a hybrid work model, competitive salary, and comprehensive benefits.

Qualifications

• 8+ years of experience managing vendor contracts, licensing agreements, service commitments, renewal tracking, performance reporting, and cost optimization activities.

Responsibilities

• Define and lead vendor governance across IT portfolios, contracts, and service levels.
• Develop and maintain a comprehensive inventory of IT supplier contracts, licensing agreements, and renewal schedules.

Skills

Vendor governance

Cost optimization

Cross-functional collaboration

Contract management

Education

Bachelor's degree in Business, Finance, Information Technology, Supply Chain, Procurement, Contract Management

Job description

At Momentum Financial Services Group, we help people move forward by reimagining how money works for those who need it most. With more than 40 years of experience, we’re the team behind Money Mart—Canada’s largest non-bank branch network—and a leader in financial solutions for underserved communities.

From short-term loans to money transfers and prepaid cards, we power the products, technology, and operations that connect over a million customers a year to the money they need, when they need it.

At MFSG, we come together across teams and departments to create something bigger than ourselves: solutions that remove barriers and give people access to money they might not get anywhere else. Whether you're solving problems, building systems, or shaping strategy, your work fuels real support for real people.

Comprehensive Benefits

• health and dental plans with 100% of the premiums covered.
• We also offer an Employee Assistance Program to support your mental well-being and provide resources for personal challenges.

Retirement Plans

• Plan for your future with our robust retirement savings options, ensuring you’re set for the long haul.

Hybrid Work Environment

• Experience the best of both worlds with our hybrid work model, allowing you to balance remote work with in-office.

Perks and Rewards

• Enjoy reimbursement for tuition assistance and professional development, discounts through Perkopolis and participate in our rewards and recognition programs to celebrate your contributions.

Please note: The salary range for this position is between C$ 140,000 to C$ 155,000

IT Vendor Management

IT Vendor Management supports the governance, oversight, optimization, and financial management of IT vendor relationships, contracts, licensing agreements, service commitments, and vendor performance across the IT portfolio to improve transparency, reduce cost, strengthen risk oversight, and support leadership decision-making.

What You’ll Do

IT Vendor Governance & Relationship Management

Manage end-to-end governance, oversight, and optimization of IT vendor relationships, contracts, service agreements, and vendor commitments across the IT portfolio. Define and implement vendor governance processes, service review cadences, performance metrics, and reporting mechanisms to monitor service delivery, compliance, risk, and value realization.

Contract Inventory, Lifecycle Management & Renewals

Develop and maintain a comprehensive inventory of IT supplier contracts, licensing agreements, statements of work, renewal schedules, key commercial terms, vendor obligations, and financial commitments. Maintain proactive oversight of contract renewals by establishing alerts, tracking timelines, and identifying risks.

Cost Optimization, FinOps & Financial Governance

Lead IT contract reviews, cost optimization initiatives, consolidation opportunities, and renegotiation activities to maximize value and reduce unnecessary spend. Establish and mature an IT cost management and FinOps governance framework, including financial forecasting, budgeting support, cost allocation, service consumption tracking, and optimization recommendations.

Cross-Functional Sourcing, Risk & Compliance Support

Collaborate with Finance, Procurement, IT leadership, business stakeholders, and other partners to support strategic sourcing initiatives and ensure alignment with organizational standards and best practices. Validate supplier risk and security requirements, support vendor risk oversight, and help rationalize supplier fragmentation and cost exposure.

Executive Reporting, Insights & Work Products

Prepare executive reports, analyses, recommendations, templates, process documentation, operating procedures, and other work products to support vendor governance, vendor risk, cost optimization, and leadership decision-making. Provide actionable insights and recommendations on vendor performance, financial commitments, risks, and optimization opportunities.

Experience

8+ Years of experience managing vendor contracts, licensing agreements, service commitments, renewal tracking, performance reporting, and cost optimization activities.

Ready to lead the optimization of vendor partnerships, driving cost efficiency, strengthening governance, and influencing strategic technology decisions through data-driven vendor management, we'd love to hear from you.

Education

Required

Bachelor’s degree in Business, Finance, Information Technology, Supply Chain, Procurement, Contract Management, or a related field; equivalent experience may be considered.

Preferred

Advanced coursework or certification in vendor management, procurement, finance, technology management, or IT governance.

Committed to Equal Opportunity

MFSG is committed to accommodating applicants up to the point of undue hardship during the recruitment, assessment and selection process. If you are selected for an interview, please notify MFSG if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, MFSG will work with you to determine how to meet your needs.

About MFSG – Our Commitment to Responsible Innovation

At MFSG, we are committed to building innovative solutions grounded in ethical, transparent, and responsible use of data and technology. Aligned with the principles outlined in Canada’s Artificial Intelligence and Data Act (AIDA), we take a proactive approach to ensuring that any AI or data-driven systems we use are safe, fair, and accountable.

This posting is for a current positionwithin our organization, offering the opportunity to contribute to meaningful, responsible innovation that supports our employees, clients, and communities.

We prioritize strong data governance, clear communication around how systems work, and safeguards that reduce risks and protect individuals. Our focus is on developing tools and processes that promote equity, reliability, and trust, supported by ongoing monitoring and continuous improvement.

Joining MFSG means contributing to a future-focused organization that values both innovation and integrity, where your work helps shape solutions that responsibly support our employees, clients, and communities.