Senior Analyst, Strategic Sourcing & Supplier Management

Scotiabank; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

Join a purpose-driven team at a leading bank, where your analytical skills and customer focus will help shape sourcing strategies and supplier relationships. As a Senior Sourcing Analyst, you will navigate procurement systems and provide critical insights that drive business growth. This role offers a rewarding career path with opportunities for professional development in an inclusive environment that values diverse perspectives. Be part of a culture that promotes teamwork and collaboration, making a significant impact across all major business lines.

Benefits

Professional Development Opportunities

Inclusive Workplace

Team Collaboration

Diverse Career Pathways

Qualifications

• 3-5 years’ experience in supplier relationship management or procurement.
• Strong analytical skills and commitment to high-quality work.

Responsibilities

• Support sourcing initiatives and supplier evaluation processes.
• Develop and track supplier strategies and category strategies.

Skills

Critical Thinking

Data Analysis

Customer Focus

Supplier Relationship Management

Education

Bachelor's Degree

Tools

Procurement Systems

Data Analysis Tools

Job description

Requisition ID: 224180

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

Purpose

Reporting to the Senior Manager, Strategic Sourcing, the Senior Sourcing Analyst is responsible for supporting: sourcing initiatives; the development and tracking of supplier strategies; and the development and tracking of category strategies. The Senior Sourcing Analyst will also provide procurement system navigation and support to team and business partners; and regular sourcing, supplier, category reporting as well as ad hoc reporting.

Leading candidates must have a customer focus mindset, enjoy navigating and analyzing data, have strong critical thinking skills, and pride themselves on high quality work.

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

• Support sourcing initiatives, including market review, request for proposals/information/quotes, supplier evaluation, contract negotiation, preparing and presenting recommendations to decision-makers, and facilitating the sourcing initiative risk management process.
• Support the development and tracking of supplier strategies, including analysis of key supplier relationships at the enterprise level for opportunity identification, as well as issues and benefits tracking, and supplier contract hygiene.
• Support the development of category strategies including taking an inventory of existing contracts, commitments, services, costs, competitors and timelines; developing and preparing options and recommendations for business review.
• Provide regular sourcing-related and ad hoc reporting, including owning and maintaining key inputs, and liaising with internal department colleagues to review and report on initiatives.
• Develop working knowledge of the procurement and third-party risk management systems, process and requirements and navigate them to support team and business partners.
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.

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

• Strong critical thinking skills
• Ability to analyze data and knowledge of data analysis tools
• Customer focus
• Commitment to high quality work
• 3-5 years’ previous experience in supplier relationship management, financial services, or procurement related field
• Bachelor’s degree preferred or equivalent experience

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• Support 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
• Get a great overview of how the Bank operates by joining the Global Operations team in a role that has widespread impact across all major business lines and functions.

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.