Strategic Sourcing Manager II

TD; Canada; On-site; CAD 91,000 - 137,000; Full time

Job summary

A leading financial institution in Canada is seeking an experienced sourcing professional to optimize procurement strategies. You will manage sourcing initiatives, ensure compliance with governance frameworks, and negotiate with suppliers to achieve cost efficiencies. Ideal candidates will have over 7 years of relevant experience and strong analytical skills. This position based in Toronto offers competitive compensation and opportunities for professional growth.

Qualifications

• 7+ years of related experience in sourcing and procurement.
• Ability to act as a liaison with business executives and provide sourcing recommendations.
• Strong understanding of governance programs and risk management.

Responsibilities

• Manage category and strategic sourcing strategies.
• Lead supplier negotiations to maximize cost efficiency.
• Ensure compliance with sourcing programs and policies.

Skills

Sourcing expertise

Negotiation skills

Analytical thinking

Risk management

Education

Post-Secondary Education

Job description

Work Location

Work Location: Toronto, Ontario, Canada

Hours

Hours: 37.5

Line of Business

Line of Business: Procurement & Sourcing

Pay Details

Pay Details: $91,200 - $136,800 CAD

Job Description

CUSTOMER

• Act as liaison with business / executives and provide sourcing expertise and recommendations to business partners to optimize Sourcing strategies to enable TD and business specific objectives and goals
• Within category specialty, support business partners by contributing to governance programs and management programs
• Manage category and strategic sourcing strategies and initiatives that support TD and business partner needs and objectives as well as help to mitigate risks to the organization
• May provide guidance on Sourcing/outsourcing best practices
• Present research findings and make recommendations to management that support category and business partner strategies
• Leads supplier negotiations to maximize total cost of ownership in a given category and work with business partners

SHAREHOLDER

• Adhere to enterprise frameworks or methodologies that relate to sourcing activities for our business area
• Ensure respective sourcing programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
• Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; elevate issues where appropriate
• Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
• Participate in cross-functional /SSG enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
• Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience
• Conduct meaningful SSG analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
• Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists
• Lead / facilitate and/or implement actions / remediation plans to address performance / risk /governance issues
• Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite

EMPLOYEE / TEAM

• Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest
• Provide thought leadership and/ or industry knowledge for own area of expertise in own area and participate in knowledge transfer within the team and business unit
• Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
• Participate in personal performance management and development activities, including cross training within own team
• Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
• Contribute to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
• Lead, motivate and develop relationships with internal and external business partners / stakeholders to develop productive working relationships.
• Contribute to a fair, positive and equitable environment that supports a diverse workforce
• Act as a brand ambassador for your business area/function and the bank, both internally and/or externally

BREADTH & DEPTH

• Highly seasoned professional role requiring substantial knowledge of Sourcing and procurement and/or knowledge of broader related areas
• Integrates knowledge of the enterprise sub-function's or business line's overarching strategy in developing solutions across multiple functions or operations
• Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services
• Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists
• Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity
• Independently manages end-to-end functional programs
• Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions
• Uses sophisticated analytical thought to exercise judgement and identify solutions
• Impacts the achievement of sub-function or business line objectives within the area they are accountable for
• Work is guided by policies and industry standards/methods
• Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders
• Works autonomously as the lead and guides others within area of expertise
• Generally reports to a Senior Manager or above

EXPERIENCE AND / OR EDUCATION

• Post-Secondary Education and / or
• 7+ years of related experience