Working with the Director, Sourcing Execution and the Manager, Sourcing Execution, this role will influence sourcing decisions, drive supplier consolidation, cost savings and cost avoidance efforts. This role will partner with senior management to proactively develop negotiation and contract strategies for high risk/complex and sensitive sourcin
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g initiatives. This role will gather and analyze data to create playbooks and strategies to support the different business models for services contemplated or currently under contract and prepare findings for senior management. This role will develop and negotiate complex (strategically critical, high value, or high risk) contract strategies that will provide cost effective, sustainable solutions to company businesses, and optimizing total value generated from company’s supplier base.
Position: Senior Manager, Sourcing, Global Procurement
Shift: 9:00 AM - 5:00 PM
Location: Toronto (Hybrid - 3 days in Office)
Advantages
Opportunity for extension or conversion to full-time employment (possibility, but not guaranteed).
Be part of a 160-member team across 4 continents, delivering global category strategies and sourcing solutions to all the bank platforms and functions.
Responsibilities
Decision Evaluation and Contract Execution
• Identifies and analyzes the strategic issues and challenges related to various supplier
strategies and recommends the best solution to senior management.
• Analyze Key Performance Indicators (KPIs) to identify and analyze strategic issues, business
unit opportunities, service levels, consolidate critical and non-critical requirements across
different suppliers.
• Effectively prepare, coordinate and conduct all complex supplier negotiations.
• Develop methodologies to capture savings as well as manage value driven negotiations.
• Deliver on cost reduction commitments through the identification, development and execution
of strategic souring initiatives.
• Negotiate complex supplier contracts, supports business groups in managing supplier
contracts and relationships and drafts and makes necessary amendments to current contracts
as necessary.
Relationship Management
• Build effective and strong relationships with key partners and stakeholders (including executive
level) by understanding key needs and dynamics across stakeholder groups, decision makers
and influencers.
• Develop and maintain trusted relationships with key suppliers, negotiating pricing/and or
quality of service while minimizing risk.
• Act as a trusted business partner to influence and lead key sponsors and stakeholders through
the sourcing process, to gain buy-in, overcome challenges and deliver on high priority, high-risk,
complex initiatives.
• Secures stakeholder support for complex decisions (e.g. unpopular, high-risk, contentious).
• Uses networking and market intelligence to forge and maintain key strategic relationships.
Sourcing Strategy Development & Opportunity Assessment
• Develop strategic sourcing strategies for specific business units executing purchases through
the use of industry analysis, business knowledge, competitive analysis and sourcing expertise.
• Create plans to identify or recommend alternative suppliers against the sourcing execution
plan, to maximize service levels and procurement activities and create alignment to long-term
business strategies.
• Coordinate and manage external research activities to provide assessment of supply market
conditions and to help address issues and challenges associated with the organization& supply
chain.
• Identify, research and prioritize possible sourcing opportunities through internal spend
analysis, knowledge of business unit, potential savings and/or business need.
• Identify new purchasing opportunities and savings strategies through internal spend analysis
to ensure sourcing plans meet savings objectives with support from each business unit.
• Gather internal and external data, and analyze the data to identify and consolidate both
supplier and business unit opportunities and requirements across different suppliers.
• Identify and analyze strategic issues business unit opportunities, service levels, consolidate
critical and non-critical requirements across different suppliers.
Governance, Risk and Controls
• Manage and lead identified sourcing team through all sourcing activities including RFP
development and analysis.
• Develops and implements global efficiencies, standardized tools, practices and procedures,
RFP, new supplier and decision-making evaluations.
• Support KPI and metric reporting to key partners and decision makers to drive insights into
business trends and opportunities and measure results.
• Analyzes complex procurement challenges and assist in developing solutions to best meet
business needs.
• Support development and adherence to financial, fraud-prevention and risk management
controls through the Procurement process.
Leadership
• Lead enterprise and business unit procurement initiatives
Qualifications
Details of Experience Required:
Years of experience: 7 - 10 years
Experience in global procurement, sourcing and relationship management
Understanding of procurement law and/or regulations
Leads complex deals with a total contract value $3Million or more
Business and Financial Acumen
Strong Negotiation skills
Strong contract acumen
Strong analytical skills
Experience in leading and supporting stakeholder interactions/relationships
Achieving financial targets (individual targets of $5MM savings, and team targets of $25MM)
Education:
Education, certification and designation requirements Required: Post-secondary education in
Finance, Related Purchasing field or Procurement Designation
Preferred:
Additional Capabilities and Skills:
Impact and Influence
Service Oriented Focus (Building Partnerships)
Business and Financial Insight
Communication(verbal and written)
Summary
If you are a highly organized and detail-oriented individual with a passion for recruitment, we want to hear from you!
Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.
Randstad Canada is committed to creating and maintaining an inclusive and accessible workplace for all its candidates and employees by supporting their accessibility and accommodation needs throughout the employment lifecycle. We ask that all job applications please identify any accommodation requirements by sending an email to accessibility@randstad.ca to ensure their ability to fully participate in the interview process.
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Working with the Director, Sourcing Execution and the Manager, Sourcing Execution, this role will influence sourcing decisions, drive supplier consolidation, cost savings and cost avoidance efforts. This role will partner with senior management to proactively develop negotiation and contract strategies for high risk/complex and sensitive sourcing initiatives. This role will gather and analyze data to create playbooks and strategies to support the different business models for services contemplated or currently under contract and prepare findings for senior management. This role will develop and negotiate complex (strategically critical, high value, or high risk) contract strategies that will provide cost effective, sustainable solutions to company businesses, and optimizing total value generated from company’s supplier base.
Position: Senior Manager, Sourcing, Global Procurement
Shift: 9:00 AM - 5:00 PM
Location: Toronto (Hybrid - 3 days in Office)
Advantages
Opportunity for extension or conversion to full-time employment (possibility, but not guaranteed).
Be part of a 160-member team across 4 continents, delivering global category strategies and sourcing solutions to all the bank platforms and functions.
...
Responsibilities
Decision Evaluation and Contract Execution
• Identifies and analyzes the strategic issues and challenges related to various supplier
strategies and recommends the best solution to senior management.
• Analyze Key Performance Indicators (KPIs) to identify and analyze strategic issues, business
unit opportunities, service levels, consolidate critical and non-critical requirements across
different suppliers.
• Effectively prepare, coordinate and conduct all complex supplier negotiations.
• Develop methodologies to capture savings as well as manage value driven negotiations.
• Deliver on cost reduction commitments through the identification, development and execution
of strategic souring initiatives.
• Negotiate complex supplier contracts, supports business groups in managing supplier
contracts and relationships and drafts and makes necessary amendments to current contracts
as necessary.
Relationship Management
• Build effective and strong relationships with key partners and stakeholders (including executive
level) by understanding key needs and dynamics across stakeholder groups, decision makers
and influencers.
• Develop and maintain trusted relationships with key suppliers, negotiating pricing/and or
quality of service while minimizing risk.
• Act as a trusted business partner to influence and lead key sponsors and stakeholders through
the sourcing process, to gain buy-in, overcome challenges and deliver on high priority, high-risk,
complex initiatives.
• Secures stakeholder support for complex decisions (e.g. unpopular, high-risk, contentious).
• Uses networking and market intelligence to forge and maintain key strategic relationships.
Sourcing Strategy Development & Opportunity Assessment
• Develop strategic sourcing strategies for specific business units executing purchases through
the use of industry analysis, business knowledge, competitive analysis and sourcing expertise.
• Create plans to identify or recommend alternative suppliers against the sourcing execution
plan, to maximize service levels and procurement activities and create alignment to long-term
business strategies.
• Coordinate and manage external research activities to provide assessment of supply market
conditions and to help address issues and challenges associated with the organization& supply
chain.
• Identify, research and prioritize possible sourcing opportunities through internal spend
analysis, knowledge of business unit, potential savings and/or business need.
• Identify new purchasing opportunities and savings strategies through internal spend analysis
to ensure sourcing plans meet savings objectives with support from each business unit.
• Gather internal and external data, and analyze the data to identify and consolidate both
supplier and business unit opportunities and requirements across different suppliers.
• Identify and analyze strategic issues business unit opportunities, service levels, consolidate
critical and non-critical requirements across different suppliers.
Governance, Risk and Controls
• Manage and lead identified sourcing team through all sourcing activities including RFP
development and analysis.
• Develops and implements global efficiencies, standardized tools, practices and procedures,
RFP, new supplier and decision-making evaluations.
• Support KPI and metric reporting to key partners and decision makers to drive insights into
business trends and opportunities and measure results.
• Analyzes complex procurement challenges and assist in developing solutions to best meet
business needs.
• Support development and adherence to financial, fraud-prevention and risk management
controls through the Procurement process.
Leadership
• Lead enterprise and business unit procurement initiatives
Qualifications
Details of Experience Required:
Years of experience: 7 - 10 years
Experience in global procurement, sourcing and relationship management
Understanding of procurement law and/or regulations
Leads complex deals with a total contract value $3Million or more
Business and Financial Acumen
Strong Negotiation skills
Strong contract acumen
Strong analytical skills
Experience in leading and supporting stakeholder interactions/relationships
Achieving financial targets (individual targets of $5MM savings, and team targets of $25MM)
Education:
Education, certification and designation requirements Required: Post-secondary education in
Finance, Related Purchasing field or Procurement Designation
Preferred:
Additional Capabilities and Skills:
Impact and Influence
Service Oriented Focus (Building Partnerships)
Business and Financial Insight
Communication(verbal and written)
Summary
If you are a highly organized and detail-oriented individual with a passion for recruitment, we want to hear from you!
Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.
Randstad Canada is committed to creating and maintaining an inclusive and accessible workplace for all its candidates and employees by supporting their accessibility and accommodation needs throughout the employment lifecycle. We ask that all job applications please identify any accommodation requirements by sending an email to accessibility@randstad.ca to ensure their ability to fully participate in the interview process.
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