Manager, Strategic Sourcing

Scotiabank; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

Join Scotiabank as a Manager in Strategic Sourcing, where you'll lead sourcing initiatives, negotiate high-value contracts, and influence key stakeholders. This role demands strong relationship management and strategic thinking skills, along with a focus on driving cost savings. Scotiabank values diversity and offers a collaborative hybrid working environment.

Benefits

Professional development opportunities

Competitive compensation package

Hybrid working environment

Diverse workplace culture

Qualifications

• 4-5 years experience in sourcing and category strategies.
• Proven record in negotiating high-value contracts.
• Ability to manage and influence stakeholders effectively.

Responsibilities

• Lead Bank-wide sourcing and category management activities.
• Drive contract negotiations with suppliers.
• Develop strategic relationships with key suppliers.

Skills

Negotiation

Relationship Management

Strategic Thinking

Communication

Financial Knowledge

Job description

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Requisition ID: 227127

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

The Manager, Strategic Sourcing is responsible for leading Bank-wide sourcing and category management activities. The Manager will collaborate with business unit leadership and sourcing leaders to improve upon current processes, centralize and consolidate company-wide supplier selection and drive reductions in the total cost of goods and services procured.

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

• Act as a primary contact for senior stakeholders, ensuring their needs are met through effective and regular communications, providing support for their concerns, and developing the relationship
• Lead sourcing and category strategies to support enterprise objectives and influence key stakeholders while ensuring optimal sourcing and procurement outcomes
• Drive contract negotiations with key suppliers to ensure agreements are commercially sounds, include favourable terms, mitigate risks, maximize value for the Bank and are aligned with the Bank’s strategic goals
• Contribute to a disciplined effort to influence spend and drive cost savings across all business segments, supporting consistent procurement processes
• Directly manage and implement best practices in sourcing initiatives, tracking progress for multi-functional stakeholder teams
• Establish and develop on-going strategic relationships with key suppliers driving high-quality and cost-effective supplier relationships
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge while ensuring compliance, risk management and efficiency in operations

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

• Proven track record of successfully negotiating high-value contracts with suppliers, ensuring agreements are commercially sound and aligned with strategic goals
• 4-5 years experience in developing and implementing sourcing and category strategies, with a focus on driving cost savings and value creation
• Demonstrated ability to develop global stakeholder relationships, manage and influence stakeholders, ensuring alignment and support for sourcing initiatives
• Superior interpersonal and spoken/written communication skills, including 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
• Ability to comprehend complex technical and financial issues and create effective action plans
• Strong business acumen and strategic thinking skills
• Spanish and French language would be considered an advantage
• Candidates, who identify as Indigenous, are actively encouraged to apply

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
• A competitive compensation and benefits package
• An organization committed to making a difference in our communities – for you and our customers.
• Opportunity to work with a very enthusiastic team that helps our clients by ensuring the Bank is able to continue to operate to deliver key business services.
• Hybrid working environment allowing for work/life balance

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.