Vendor Manager, 1832 Asset Management

Scotiabank; Old Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

An established industry player is seeking a dynamic Manager of Vendor Management to lead market data solutions and strategies. This role involves overseeing vendor relationships, negotiating contracts, and optimizing costs, all while ensuring compliance with internal policies and regulatory requirements. If you thrive in a fast-paced environment and possess strong negotiation skills, this opportunity is perfect for you. Join a team that values diversity and is committed to fostering an inclusive workplace, where your contributions will directly impact the success of the organization and its clients.

Qualifications

• 5+ years of experience in vendor management or financial planning.
• Strong expertise in budget management and contract negotiations.

Responsibilities

• Develop and maintain strategic vendor relationships for optimal service delivery.
• Lead negotiations for vendor contracts and manage budget forecasting.

Skills

Vendor Management

Contract Negotiation

Budget Management

Cost Optimization

Microsoft Excel

Microsoft PowerPoint

Financial Planning

Market Data Vendors

Education

Bachelor’s degree in Business Administration

Bachelor’s degree in Finance

Tools

Microsoft Office

Job description

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

As the Manager, Vendor Management, you will be responsible for developing and implementing market data solutions and strategy across Scotia Global Asset Management (SGAM). This role provides leadership in market data administration, cost-saving initiatives, vendor relationship management, and compliance and controls. Additionally, the Manager will oversee vendor performance, contract negotiations, and budget management to ensure optimal service delivery, financial efficiency, and alignment with organizational goals.

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

1. Vendor Relationship Management
   • Develop and maintain strategic relationships with key vendors to ensure optimal service delivery.
   • Conduct performance reviews, manage escalations, and resolve vendor-related issues proactively.
2. Contract Negotiations and Management
   • Lead negotiations for new and existing vendor contracts to secure favorable terms and conditions.
   • Ensure timely renewals, amendments, and adherence to contractual obligations.
3. Cost Management and Optimization
   • Monitor vendor expenses, investigate variances, and ensure adherence to budgetary constraints.
   • Develop easy-to-understand cost allocation models and periodically review policies for improvements.
4. Management Reporting, Forecasting, and Planning
   • Oversee budget forecasting, planning, and periodic management reporting for vendor-related expenses.
   • Prepare ad-hoc analyses of market data, research, and subscription costs to support executive decision-making.
5. Compliance and Risk Management
   • Ensure compliance with regulatory requirements, internal policies, and contractual terms.
   • Collaborate with audit teams to manage reviews and ensure proper documentation of processes.
6. Inventory and Data Management
   • Maintain accurate vendor inventory records, including costs, contracts, and usage data.
   • Streamline user access and service updates in alignment with organizational policies.

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

1. • Bachelor’s degree in Business Administration, Finance, or a related field.
2. • 5+ years of experience in vendor management, procurement, or financial planning, preferably in financial services.
3. • Strong expertise in budget management, forecasting, and cost optimization.
4. • Excellent negotiation and contract management skills.
5. • Proficiency in Microsoft Office, particularly Excel and PowerPoint.
6. • Familiarity with market data vendors (e.g., Bloomberg, FactSet) and subscription services is a plus.
7. • Proven ability to manage multiple priorities in a dynamic environment.

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 during the recruitment and selection process, please let our Recruitment team know. 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.