Strategic Tech Sourcing Manager

Scotiabank

Toronto

On-site

CAD 110,000 - 150,000

Full time

7 days ago

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Benefits offered by this job

Annual bonus

Flexible vacation

Comprehensive benefits

Job summary

Scotiabank is seeking a Manager, Strategic Sourcing to lead end-to-end technology sourcing across SaaS, cloud, and infrastructure in Canada. You will collaborate with Technology, Risk, Legal, Finance and senior leaders to shape strategic categories, create competitive events, negotiate robust contracts, and realize measurable value for the Bank's digital transformation.

Join a global organization at a pivotal time of AI and digital capability adoption, driving strategic value while delivering

Qualifications

MBA or Bachelor's degree in Business, Supply Chain, Finance, or related field.
3–5+ years of progressive experience in strategic sourcing, category management, or supplier management across technology categories.
Deep familiarity with SaaS pricing models, cloud consumption economics, software licensing, 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 is an asset.
Familiarity with e-sourcing, CLM, and supplier management platforms.

Responsibilities

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-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 should be considered in day-to-day activities and decisions.
Create an environment in which his/her team pursues effective and efficient operations and ensures day-to-day controls for operational risk and regulatory compliance.