Sourcing​/Procurement Specialist

Location Address: Hybrid
-150 King Street W 26th Floor, Toronto - 3 days in office per week.

Contract Duration: 6 months

Possibility of extension: Yes

Schedule

Hours:

9 am-5 pm Monday-Friday; standard 37.5 hrs/week

Business group:
Global Procurement Services is responsible for leading bank wide sourcing and category management activities.

This role involves working closely with senior business unit leadership and other sourcing leaders to centralize and consolidate company-wide supplier selection, driving reductions in the total cost of goods and services procured.

Corporate real state projects. Contract negotiations and pricing cost analysis.

• Drive contract negotiations with key suppliers to ensure favorable terms, mitigating risks and maximizing value for the Bank.
• Act as the primary point of contact for senior stakeholders, ensuring their needs are met through effective communication and relationship management.
• Develop and implement category management strategies that align with the Bank's business objectives, ensuring optimal sourcing and procurement outcomes.
• Build and maintain strong relationships with internal stakeholders, providing regular updates on sourcing initiatives and addressing concerns.
• Lead complex contract negotiations with suppliers, ensuring agreements are commercially sound and aligned with the Bank's strategic goals.
• Develop relationships with business leaders to support enterprise objectives, influence key stakeholders, and lead sourcing and category strategies.
• Establish and develop ongoing strategic relationships with key suppliers, driving high quality and cost-effective supply relationships.
• Directly lead and implement best practices in sourcing initiatives, tracking progress for multi-functional stakeholder teams.
• Contribute to efforts to influence spend and drive cost savings across all business segments, supporting consistent procurement processes.
• Champion a customer-focused culture to deepen client relationships and leverage broader bank relationships, systems, and knowledge while ensuring compliance and efficiency in operations.

• 10+ years of experience negotiating high-value contracts with suppliers, ensuring agreements are commercially sound and aligned with strategic goals.
• 10+ ability to manage and influence senior stakeholders, ensuring alignment and support for sourcing initiatives.
• 10+ years of experience in developing and implementing category management strategies, with a focus on driving cost savings and value creation.
• 5 years of experience with state-of-the-art procurement and analysis technologies.

• Ability to comprehend complex technical and financial issues and create effective action plans.
• Knowledgeable in financial services and regulations (e.g., OSFI, OCC, CFPB, UDAAP) and their application to third party relationships.

• Bachelor’s degree in business, finance or related field or relevant experience.

• The best candidate is someone with experience in sourcing corporate real estate. FI experience preferred.