Senior Buyer

The Toronto-Dominion Bank (Canada); Mississauga; On-site; CAD 75,000 - 95,000; Full time

Job summary

A leading financial institution in Canada is seeking a results-driven Senior Buyer to enhance procurement processes and support the Strategic Sourcing Group. This role requires expertise in tools like Ariba and experience in strategic sourcing practices. The ideal candidate will be adept at stakeholder management and fostering internal relationships to optimize procurement efficiency.

Benefits

Health and Well-being Benefits

Savings and Retirement Programs

Career Development Opportunities

Flexible Work Environment

Qualifications

• Experience in strategic sourcing practices is considered an asset.
• Proficiency with procurement tools like Ariba is essential.
• Strong commercial acumen and business judgment are required.

Responsibilities

• Execute and manage sourcing requests and purchase orders.
• Manage RFQs ensuring competitive pricing for goods and services.
• Support sourcing needs across the organization and ensure contract compliance.

Skills

Analytical Skills

Stakeholder Management

Relationship Management

Education

Post-Secondary Education

Tools

Ariba

e-Sourcing Tools

Job description

The Senior Buyer is a results-driven team player responsible for advancing procurement efficiency and supporting the Strategic Sourcing Group (SSG) with multiple procurement initiatives. With expertise of the Ariba tool and in Sourcing, PO management, RFQs, e-Auctions, and contract compliance, the Senior Buyer plays a critical role in optimizing sourcing strategies and managing low to medium-risk engagements and purchase orders for high-impact procure to pay activities. This role interfaces with stakeholders across the organization, internal business partners, subject matter experts, other members of SSG and 3rd-parties to support the execution of the sourcing needs across the Bank.

Reporting to the Manager, Central Buying Team, the senior buyer key accountabilities are :

• Execute and manage Sourcing requests and Purchase Orders, collaborating closely with the sourcing team, contract managers and vendor managers and coordinating closely with vendors to ensure accurate and timely execution while proactively tracking and addressing issues promptly.
• Manage low to medium-risk sourcing requests with due diligence, balancing cost, quality, and supplier reliability.
• Manage RFQs with existing vendors, ensuring competitive and fair pricing for goods and services. Evaluate vendor responses to identify optimal value and ensure alignment with organizational objectives.
• Lead and support all SSG purchasing tools, serving as the go-to expert on S2P process, e-Auctions, RFQs, and contract compliance within the Ariba platform.
• Ensure data integrity across purchasing systems and develop actionable insights to enhance procurement efficiency and cost-effectiveness; support monthly reporting of departmental KPIs and savings targets.
• Engage actively with Strategic Sourcing functions to identify and implement opportunities for process improvements and cost-saving measures, including leveraging e-auction and RFQ strategies.
• Build and foster strong relationships with internal teams and stakeholders, promoting alignment on purchasing tools and processes to enhance business outcomes.

Education / Accreditations

• Post-Secondary education / or equivalent experience
• Experience in the following is considered an asset : A Purchasing role or demonstrated experience of Strategic Sourcing practices.Work experience on the Ariba toolExperience with e-sourcing toolsExperience in building dashboards and reportingPrevious Buying or Purchasing experience.

Other Qualifications / Skills / Experience

• Demonstrated experience of Strategic Sourcing practices
• Previous experience working in the procure to pay and source to contract process.
• Proficiency with procurement tools, especially Ariba, including e-Auction and RFQ setup and execution.
• Strong analytical skills with the ability to interpret and present large datasets for informed decision-making.
• Strong commercial acumen and business judgment.
• Demonstrated stakeholder / relationship management skills.
• Ability to multitask and work in a fast-paced, customer-service focused environment.
• Excellent communication (written and oral) and interpersonal skills.
• Excellent working knowledge of office software applications, including Microsoft Word, Excel, PowerPoint, and Outlook.

Location

• The role would be considered for Mississauga, Canada

Who We Are :

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches / stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Additional Information :

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.