Senior Manager, Strategic Sourcing

Scotiabank; Toronto; On-site; CAD 120,000 - 180,000; Full time

Benefits offered by this job

Annual bonus

Flexible vacation

Personal and sick days

Comprehensive benefits

Job summary

Scotiabank seeks a Senior Manager, Strategic Sourcing to lead end-to-end enterprise technology sourcing. You will design category strategies for SaaS, cloud, and infrastructure, run RFI/RFP events, and negotiate terms balancing TCO and service levels.

Collaborate with risk, legal, and finance to ensure policy alignment and risk controls while driving measurable benefits. You will champion a high-performance team culture and deliver savings, while maintaining governance and supplier relationships

Qualifications

• MBA or Bachelor's degree in Business, Supply Chain, Finance, or related.
• 5-10+ years of strategic sourcing experience across technology categories.
• Strong negotiation, data-driven analysis, and stakeholder influence.
• Familiarity with SaaS pricing models, cloud and licensing concepts.

Responsibilities

• Lead end-to-end enterprise tech sourcing from opportunity to benefits realization.
• Build category strategies across SaaS, cloud, software licensing, infrastructure.
• Design and run RFI/RFP/RFQ events including evaluation frameworks.
• Negotiate favorable terms balancing TCO, consumption vs. subscription models.
• Monitor renewals, license rationalization, and vendor portfolio optimization.
• Collaborate with Third-Party Risk, Legal, Compliance and Finance for alignment.

Skills

Negotiation

Stakeholder influence

Spend analytics

SaaS pricing

Education

MBA or Bachelor's degree in Business

CPSM or CIPS preferred

Job description

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Title: Senior Manager, Strategic Sourcing

Requisition ID: 272268
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Join Scotiabank at a pivotal time of transformation, where Procurement is driving strategic value and innovation. As the Bank accelerates its adoption of AI and digital capabilities, you’ll play a key role in shaping the future of sourcing within a global organization.

The Role

Help Scotiabank source the technologies shaping the future of banking.

Scotiabank's Procurement function is at a pivotal moment - driving strategic value, commercial discipline, and innovation as the Bank accelerates its digital and AI transformation. As Senior Manager, Strategic Sourcing - covering business line software (e.g., Capital Markets & Wealth Systems) within Technology Sourcing - you’ll lead high-impact sourcing strategies across some of the Bank's most complex and fastest-evolving technology domains.

You’ll partner with Technology, Risk, Legal, Finance, and senior business leaders to unlock enterprise value across SaaS, cloud & hyperscalers, infrastructure, software, networks. This is a role for a commercially sharp procurement leader who thrives on solving complex problems, influencing spend decisions, and delivering measurable outcomes beyond savings.

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

• Lead end-to-end sourcing for enterprise technology categories from opportunity assessment and market intelligence through negotiation, contracting, and benefits realization.
• Build category strategies across SaaS, cloud, software licensing, infrastructure, and telecom anchored in spend analysis, supplier capability, and market trends.
• Design and run competitive events (RFI/RFP/RFQ), including evaluation frameworks, shortlisting, negotiation strategy, and award recommendations.
• Negotiate commercially strong agreements balancing TCO, consumption vs. subscription models, service levels, flexibility, exit rights, and long-to-long-term business needs.
• Optimize the existing portfolio: identify renewal, consolidation, license rationalization, and vendor rationalization opportunities.
• Partner with Third-Party Risk, Legal, Compliance, and Finance to ensure alignment with policy, regulatory expectations, and the Bank's risk appetite.
• Manage strategic supplier relationships – performance, escalations, executive engagement, and continuous improvement.
• Track and report pipeline, benefits, milestones, and commitments with discipline and transparency.
• Act as a trusted advisor to Technology stakeholders and an escalation point on commercial and supplier matters with enterprise impact.
• Understand how the Bank’s risk appetite, risk culture and risk policies & processes should be considered/adhered to in day-to-day activities and decisions.
• Create an environment in which his/her team 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.
• Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.

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

• MBA orBachelor's degree in Business, Supply Chain, Finance, or related; CPSM, CIPS, or equivalent is preferred.
• 5-10+ years of progressive experience in strategic sourcing, category management, or supplier management — with meaningful experience across technology categories and/or a specific business:ie:capital markets, wealth management, or retail banking.
• Deep familiarity with SaaS pricing models, cloud consumption economics, software licensing (perpetual, subscription, token-based), and MSA/SOW constructs.
• Strong commercial acumen and negotiation capability, backed by data-driven recommendations.
• Proven ability to influence senior stakeholders (VP/SVP) and lead cross-functional teams through ambiguity.
• Hands-on with spend analytics, supplier segmentation, TCO modelling, and benchmarking .
• Understanding of third-party risk and regulatory expectations in financial services (or another regulated environment) is an asset.
• Familiarity with e-sourcing, CLM, and supplier management platforms.

What’s in it for you?

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

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, 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.

Job Segment: Strategic Sourcing, Supply Chain Manager, Compliance, Supply Chain, Cloud, Operations, Legal, Technology