Strategic Sourcing Manager

Our client, a leader in the financial services industry, is seeking a Manager, Strategic Sourcing to join their growing team. In this role you will take ownership of strategic sourcing and vendor management activities across the organization, with a strong focus on IT sourcing and technology vendors
. You will act as a trusted advisor to business partners, leading initiatives that drive cost savings, improve operational efficiency, and enhance technology capabilities.

This role blends strategic insight with hands‑on execution. You will lead sourcing initiatives from end-to-end — including RFPs, vendor evaluation, contract negotiations, and onboarding — ensuring that IT vendors meet both business and regulatory requirements. Partnering closely with Legal, IT, Risk, Finance, and other internal stakeholders, you will identify opportunities to optimize vendor performance, mitigate risk, and support technology-driven innovation across the enterprise.

• Lead end-to-end sourcing engagements across assigned categories, with a strong focus on IT and technology vendors
  , including RFPs, vendor evaluation, selection, negotiation, contracting, onboarding, and lifecycle management
• Draft, review, and negotiate complex IT contracts, ensuring alignment with Legal, Risk, IT, and business requirements
• Conduct spend analysis and technology vendor assessments to identify cost optimization and performance improvement opportunities
• Assess and optimize the vendor portfolio, balancing vendor concentration risk with consolidation and performance strategies, including IT vendors and technology solutions
• Oversee contract lifecycle management, supplier master data, and documentation governance for IT and non‑IT categories
• Develop and maintain sourcing dashboards, KPIs, and analytics to support data‑driven decisions for technology procurement
• Design, implement, and optimize sourcing and vendor management processes, tools, and best practices, with an emphasis on IT and technology sourcing
• Serve as a subject matter expert on IT sourcing strategies, vendor management, and technology contracts
• Support executive stakeholders in vendor performance management, issue resolution, and contract enforcement
• Lead cross‑functional initiatives related to sourcing, IT vendor risk, supplier relationships, and technology innovation
• Develop supplier performance scorecards for IT and technology vendors, evaluating financial, operational, risk, and relationship metrics
• Ensure third‑party risks are identified, assessed, monitored, and reported, including technology and cybersecurity considerations
• Contribute to the continuous improvement of procurement policies, standards, frameworks, and tools
• Build expense models and support budgeting, forecasting, and financial planning activities, including IT‑related spend

• University degree in Business, Supply Chain, Finance, IT, or a related field
• Minimum 5 years of experience in strategic sourcing, procurement, contracts, or vendor management, with demonstrated experience in IT sourcing and technology vendor management
• Experience with in a bank or financial institution strongly preferred
• Proven success managing third‑party relationships and negotiating small, medium, and complex contracts, with a strong emphasis on IT and technology categories
• Deep understanding of procurement governance, contract management, and vendor performance frameworks, including IT vendor considerations
• Familiarity with financial services regulatory requirements (OSFI experience is an asset)
• Strong process improvement mindset with experience designing and optimizing technology sourcing workflows
• Excellent communication and influencing skills with internal stakeholders and external technology vendors
• Strong organizational, multitasking, and prioritization skills in a fast‑paced environment
• Exceptional written and verbal communication skills, including reporting and executive‑level presentations
• High proficiency in Microsoft Office, Power BI, Visio, SharePoint; experience with eSourcing tools is an asset

$80,000 - $95,000.