Procurement Advisor (Contract 1 year)

TMX Group; Toronto; On-site; CAD 110,000 - 124,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

TMX Group in Toronto, ON, is seeking a Procurement Advisor to lead end-to-end IT procurement, manage supplier relationships, and coordinate due diligence for acquisitions. Hybrid work arrangement with 2–3 days in the office is available to support collaboration and delivery.

The role emphasizes contract negotiation, RFI/RFP/RFQ processes, and cross‑functional teamwork with legal and information security to ensure TMX policy alignment and successful outcomes.

Qualifications

• Bachelor’s degree in a relevant field.
• Experience managing end-to-end IT procurement lifecycle.
• Proven ability to lead complex projects and teams.
• Strong knowledge of vendor contracts and RFI/RFP/RFQ processes.
• M&A procurement experience is a plus and preferred.

Responsibilities

• Take a project management approach to managing multiple complex sourcing files with tight timelines.
• Lead end-to-end procurement lifecycle, including RFI/RFP/RFQ, supplier due diligence, and contract negotiation with legal and risk teams.
• Engage stakeholders to align priorities and report status to leadership and clients.
• Manage supplier relationships to optimize cost and performance.
• Support procurement activities related to mergers and acquisitions.

Skills

Project management

Team leadership

Negotiation

Stakeholder management

Communication skills

Agile methodologies

Contract knowledge

Education

Bachelor’s degree in a relevant field

Job description

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we’re powering some of the nation’s most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

The Procurement Advisor will play a key role in the integration of newly acquired businesses. This position involves identifying technology and enterprise contracts, analyzing overlaps with existing TMX suppliers, and coordinating supplier due diligence for non-standard contracts. This includes working with legal counsel, information security, and other cross-functional teams to ensure agreements align with TMX policies and standards. The Advisor will act as the primary liaison for Procurement, providing regular status updates to the Integration team.

Key Accountabilities:

• Take a project management approach to managing multiple simultaneous complex sourcing files and ensure deliverables are met within the required timelines.
• Execute end to end procurement lifecycle including: Support RFI/RFP/RFQ processes, supplier selection, supplier due diligence, and contract negotiation and execution working with legal counsel, information security and other cross functional areas of the organization to ensure agreements meet TMX policies and standards.
• Ensure that the outcomes of due diligence supported by the procurement team are clearly understood by spend owners and all applicable procurement risk assessment protocols/procedures are complied with.
• Engage end client stakeholders to understand key priorities and communicate and report to functional leadership and end client stakeholders the status of agreements and any critical external relationships that could otherwise impact planning and decision making.
• Support the resolution of sophisticated contract related issues with suppliers as needed
• Work on both complex and administrative tasks throughout the end to end procurement engagement.
• Manage procurement activities related to mergers and acquisitions.
• Actively manage and lead day-to-day supplier relationships for productive, mutually beneficial outcomes.
• Apply business intelligence and reporting made available by the Manager, Analysis and Reporting in order to make actionable recommendations on sourcing and supplier management for key suppliers.
• Responsible for accurate data and analysis in monthly and quarterly reports to the team.
• Proactively monitor and analyze performance and trends within categories to identify issues and opportunities that support the business.
• Contribute to the development of improved strategic sourcing strategies and processes.
• Identify high impact cost reduction opportunities.
• Leverage the organization’s buying power to optimize costs, access new suppliers, reduce lead times, and guarantee supply.

Must have(s):

• Bachelor’s degree in a relevant fieldwith minimum 5 years previous experience managing activities across the end-to-end IT procurement lifecycle
• Demonstrated success in driving complex projects to completion through effective team leadership and delegation
• Good understanding of technology and technology contracts; a legal background or formal legal training is a strong plus
• Agile and adaptive, embracing change, new ways of working, tools, and technologies
• Consistent performance in honoring commitments and ensuring high levels of client satisfaction
• Delivers client-first service, addressing inquiries promptly and with a high sense of urgency
• Strong verbal, written, and presentation skills
• Builds and maintains key relationships to proactively gather input and drive engagement through effective communication and problem resolution
• Exceptional persuasion and negotiation abilities, coupled with strong stakeholder influence
• Keeps up to date on new industry trends and best practices

Nice to Have(s):

• M&A Integration experience
• Understanding of Third Party Risk Management

This role is hybrid (2 - 3 days/week in the office) - based in Toronto, ON.

Salary Range: 80/hour-90/hour CAD

Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience.

The recruiting efforts for this role are intended to fill a vacant position.

In the market for…

Excitement

Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection

With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact

More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness

From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!

Growth

From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ?

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.