Manager, Strategic Sourcing

Scotiabank; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Manager for corporate functions strategic sourcing. The role involves enhancing supplier selection processes and driving cost savings while collaborating with senior leaders. Candidates should have a relevant degree and experience in sourcing or vendor management. This position offers a rewarding career path with opportunities for professional development and a commitment to diversity and inclusion.

Benefits

Professional development opportunities

Inclusive workplace culture

Opportunity to work with a global team

Qualifications

• Minimum 2 years of progressive sourcing and vendor management experience.
• Experience in RFx processes, 3rd party contract negotiations at a global level.
• Knowledgeable in financial services regulations (e.g., OSFI, OCC, CFPB, UDAAP).

Responsibilities

• Develop relationships with business leaders to support enterprise objectives.
• Collaborate with Global procurement team to develop category management strategies.
• Lead business value through development of supply relationships.

Skills

Excellent change-leadership and conflict resolution management

Advanced problem-solving skills

Excellent stakeholder management skills

Fluency in French and/or Spanish

Education

Bachelor's degree in management, engineering, business, or related field

Job description

Requisition ID: 232180

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Manager is responsible for leading Bank-wide Corporate Functions Strategic Sourcing and Category Management activities while working closely with senior business unit leadership and other sourcing leaders. The Manager will collaborate with senior business unit leadership and sourcing leaders in pursuit of improvements in quality, innovation, and service levels. The Manager will have the opportunity to improve upon current processes with a goal of centralizing and consolidating company-wide supplier selection. By contributing to a competitive marketplace, the Manager will consistently drive reductions in the total cost of goods and services procured.

Is this role right for you? In this role you will:

• Develop relationships with Business leaders to support enterprise objectives, influence key stakeholders and jointly develop strategic sourcing and category management strategies while collaborating on initiatives and projects
• Collaborate with Global procurement team, Business Units and Operations leaders to fully understand key business drivers, spend drivers, market landscape, key suppliers and required support levels to develop category management strategies
• Lead business value through the development of high quality and cost-effective supply relationships, while pursuing and championing total cost of ownership (TCO) savings directly by savings captured through leveraging Bank-wide purchasing volume, strategic supplier relationships, demand management or indirect savings realized by driving innovation and or enhancing the overall effectiveness of the supply management process
• Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct
• Lead Top-to-Top Supplier Meetings for enterprise suppliers
• Contribute to a disciplined effort to influence spend and drive cost savings across all business segments
• Support consistent application of procurement policy and processes

Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have:

• Bachelor’s degree in management, engineering, business, or related field is preferred
• Ability to bridge communications between Sourcing, business units, third-party risk management and legal with a focus on developing an understanding of how to structure contracts to deliver against bank’s needs
• Experience in RFx processes, 3rd party contract negotiations at a global level is considered an asset.
• Excellent change-leadership and conflict resolution management as well as advanced problem-solving skills
• Excellent stakeholder management skills and comfort in speaking with senior leaders at the Bank
• Knowledgeable in financial services and regulations (e.g., OSFI, OCC, CFPB, UDAAP) and how they are applied to Third Party relationships is preferred
• In addition to English, fluency in French and/or Spanish is an asset
• Minimum 2 years of progressive sourcing and vendor management experience

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• Lead strategic projects with a significant impact on business line growth.
• A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience
• An organization committed to making a difference in our communities – for you and our customers.
• Opportunity to work with a very enthusiastic global team that helps our clients by ensuring the Bank is able to continue to operate to deliver key business services.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.