Sourcing Manager - Investment category

Manulife; Toronto; Hybrid; CAD 86,000 - 156,000; Full time

Job summary

An established industry player is seeking a Sourcing Manager to oversee procurement strategies in the investment category. This role involves managing vendor relationships, negotiating contracts, and implementing cost-saving measures. The ideal candidate will possess extensive experience in procurement, strong analytical skills, and a keen understanding of market data and investment software. Join a dynamic team that prioritizes growth, inclusion, and well-being, where your contributions will help shape the future of procurement in a global context.

Benefits

Health Insurance

Dental Insurance

Mental Health Benefits

Flexible Work Environment

Retirement Savings Plans

Paid Time Off

Employee Assistance Plans

Qualifications

• 6-10 years of experience in Procurement.
• In-depth knowledge of sourcing and procurement principles.

Responsibilities

• Manage deals across vendors for investment decisions.
• Lead RFPs and supplier negotiations.

Skills

Sourcing and Procurement Principles

Analytical Skills

Excel

PowerPoint

Contract Negotiation

Education

Undergraduate Degree

Job description

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Join to apply for the Sourcing Manager - Investment category role at Manulife

This role reports to the North America Procurement Director and is responsible for the end-to-end management of deals across global wealth and asset management (GWAM) categories including investment/specialized software and market data. The focus would be to develop and execute on the global category strategy for above categories and enable better decision making for Manulife business partners across the supply base with a focus on cost efficiencies, service quality and organization risk. This person will also deliver targeted savings through actions such as consolidating global company-wide purchasing volume and applying total cost of ownership levers to reduce cost and manage contracts with suppliers.

Position Responsibilities

• End-to-end management of deals across a broad range of vendors that are required to make investment decisions for Manulife partners (e.g., Simcorp, Bloomberg, SS&C, RBC, ICE, LSEG, Moody's, MSCI).
• Working closely with key stakeholders in the businesses, the incumbent will leverage his/her deep knowledge of the category, to identify and implement effective cost reduction strategies.
• Lead large complex RFPs, supplier negotiations, particularly for large complex transactions, and ensure execution of developed strategy.
• Quantify savings achieved, drive efficiencies, centralize competencies and maximize the value of vendor relationships.
• Understanding and negotiating standard contractual terms and conditions to mitigate legal and business risk.
• Thoroughly understand the investment software and/or market data categories including supply base landscape, industry trends, and new emerging developments and service offerings
  
  

Required Qualifications

• Undergraduate degree
• 6-10 years of experience in Procurement
• In-depth knowledge of sourcing and procurement principles and best practices e.g. RFx
• Solid analytical skills; Excel and PowerPoint skills
• Proven experience in delivering savings and value in a procurement function
• Understanding of standard commercial contractual terms and conditions to mitigate business risk
  
  

Preferred Qualifications

• Market Data sourcing and/or financial sourcing experience is an asset.
• Experience working in the relevant spend category, directly and/or in a procurement organization
  
  

When You Join Our Team

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.
  
  

About Manulife And John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail].

Primary Location

Toronto, Ontario

Working Arrangement

Hybrid

Salary range is expected to be between

$86,250.00 CAD - $155,250.00 CAD

If you are applying for this role outside of the primary location, please contact [e-mail] for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in Canada includes holidays, vacation, personal, and sick days, and we offer the full range of statutory leaves of absence. If you are applying for this role in the U.S., please contact [e-mail] for more information about U.S.-specific paid time off provisions.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Purchasing and Supply Chain

• Industries

  Insurance

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