Vendor Manager

Global-Technical-Talent-1; Toronto; Hybrid; CAD 110,000 - 150,000; Full time

Benefits offered by this job

Medical, Vision, and Dental Insurance

401k Retirement Fund

Job summary

Global-Technical-Talent-1 is seeking a Vendor Manager in Toronto, hybrid work with 4 days on-site and 1 day remote. The contract role spans 10 months with potential extensions.

The role leads procurement strategy, sourcing, negotiations, approvals, and contract execution with cross-functional partners. Responsibilities include end-to-end procurement leadership, complex commercial and contract negotiations, risk governance, and ongoing strategic procurement support.

Qualifications

• Strong communication, negotiation, and relationship-building abilities.
• Experience coordinating with Legal, risk, and control functions.
• Proven track record in strategic sourcing, supplier negotiations, and governance.

Responsibilities

• Lead end-to-end procurement initiatives and contracting.
• Negotiate commercially and contractually with suppliers.
• Collaborate with Legal, Risk, and Stakeholders to drive timely execution.
• Manage multiple initiatives with competing priorities and timelines.
• Ensure governance and policy compliance across procurement activities.

Skills

Communication skills

Negotiation

Stakeholder management

Risk management

Analytical skills

Problem solving

Multi-project management

Education

Bachelor's Degree

Job description

Vendor Manager

Location: Toronto, ON

Onsite Flexibility: Hybrid — 4 days on-site, 1 day work from home

Contract Details

• Position Type: Contract
• Contract Duration: 10 months (with potential for extension and conversion based on business needs and performance)
• Shift / Schedule: Monday – Friday, core business hours, 37.5 hours per week, 7.5 hours per day
• Travel Requirements: Not required

Job Summary

The Procurement Manager, Sourcing & Contracting, is responsible for leading complex procurement initiatives from strategy development through sourcing, negotiations, approvals, and contract execution. This role combines responsibilities traditionally performed by Strategic Sourcing Managers and Contract Managers. The successful candidate will independently manage the commercial and contractual aspects of procurement transactions while partnering with business stakeholders, suppliers, Legal, and risk and control functions. This requires strong experience in strategic sourcing, supplier negotiations, contract negotiations, risk management, stakeholder management, and governance within a complex and regulated environment.

Key Responsibilities

End-to-End Procurement Leadership

• Lead procurement initiatives through the full procurement lifecycle, from intake through executed agreement.
• Develop and execute sourcing and negotiation strategies that align with business objectives and risk requirements.
• Manage supplier selection activities, commercial negotiations, contract negotiations, approvals, and execution activities.
• Lead multiple procurement initiatives simultaneously while managing competing priorities and timelines.

Commercial & Contractual Negotiations

• Lead negotiations with suppliers to achieve commercially and contractually sound outcomes.
• Evaluate supplier proposals and provide recommendations to stakeholders and senior management.
• Balance business objectives, commercial considerations, risk requirements, and contractual obligations.
• Work closely with Legal and business stakeholders to resolve negotiation issues and drive timely execution.

Risk, Governance & Stakeholder Management

• Ensure procurement activities comply with applicable policies, standards, controls, and governance requirements.
• Partner with Legal, Third Party Risk Management, Information Security, Privacy, Compliance, Finance, and other stakeholders as required.
• Identify and elevate risks, issues, and contractual exceptions appropriately.
• Build strong relationships with business partners, suppliers, and control functions.

Strategic Procurement Support

• Provide strategic sourcing expertise and market insights to business partners.
• Support procurement best practices, process improvements, and continuous improvement initiatives.
• Leverage available tools, data, analytics, and market intelligence to support decision-making and negotiations.
• Contribute to knowledge sharing, coaching, and team development activities.

Must-Have Requirements

• 8 years of progressive experience in procurement, strategic sourcing or contract management
• 8 years of experience leading end-to-end procurement transactions from sourcing strategy through contract execution
• Strong experience negotiating both commercial and contractual terms directly with suppliers
• Experience partnering with business stakeholders, Legal, and risk and control functions

Required Skills

• Excellent communication skills (written and verbal)
• Strong commercial acumen, negotiation skills, and risk management capabilities
• Excellent stakeholder management, communication, and relationship-building skills
• Ability to manage multiple complex initiatives in a fast-paced environment
• Strong analytical and problem-solving skills

Preferred Skills

• Experience within financial services or another highly regulated industry
• Professional procurement, supply chain, or contract management certification
• Experience supporting technology, operations, or enterprise services procurement initiatives
• Experience working within formal governance and risk management frameworks

Education Requirements

• Bachelor's Degree required
• Professional procurement, supply chain, or contract management certification — nice to have

Required Experience

• 8 years of overall experience in procurement, strategic sourcing, or contract management
• Ability to independently manage the full sourcing lifecycle, including technology and professional services

• Medical, Vision, and Dental Insurance Plans
• 401k Retirement Fund

About the Client

This client is a leading financial services and banking institution operating across Canada and internationally, employing tens of thousands of professionals across its enterprise. With a strong emphasis on transformation, risk governance, and regulatory compliance, the organization offers significant opportunities for growth and development. Teams here include procurement specialists, contract managers, strategic sourcing professionals, risk and compliance analysts, and enterprise technology specialists who collaborate within a dynamic, fast-paced environment.