Senior Manager, Strategic Sourcing

 

 

 

Requisition ID: 263409 

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

 

The Role:

The Senior Manager is responsible for leading Bank-wide sourcing and project activities for assigned category portfolio while working closely with senior business unit leadership and other sourcing leaders. The Senior Manager will collaborate with senior business unit leadership and sourcing leaders in pursuit of improvements in quality, innovation, and service levels. The Senior Manager will have the opportunity to improve upon current processes with a goal of centralizing and consolidating company-wide supplier selection. The Senior Manager will consistently drive- reductions in the total cost of goods and services procured by contributing to a competitive marketplace environment.

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

 

• Develop relationships with business leaders to support enterprise objectives, influence key stakeholders and lead sourcing strategies while collaborating on sourcing initiatives and projects
• Collaborate with Business Unit and Operations leaders to fully understand key business drivers, spend drivers, and achieve required support levels
• Lead business value through the development of high quality and cost-effective supply relationships, while pursuing and championing total cost of ownership (TCO) savings directly by savings captured through leveraging Bank-wide purchasing volume, strategic supplier relationships, demand management or indirect savings realized by driving innovation and or enhancing the overall effectiveness of the supply management process
• Directly lead and implement best practices in sourcing initiatives
• Manage category within and across the Bank’s business segments, and serve as a key contributor to a well-developed and evolving supplier management process
• Track sourcing initiatives for multi-functional stakeholder teams, ensuring effective strategy development, market assessments, RFP processes, and supplier management while enabling collaboration and innovation between stakeholders and suppliers
• Establish and develop on-going strategic relationships with key suppliers during major sourcing/project initiatives
• Proactively work with the Business Line contract owners to understand business needs, business strategy, and pipeline of contract renewals to build an overall supplier contract strategy, with consideration for consolidation and reduction of contracts where opportunity exists
• Act as the issues/incident escalation point for the supplier that may have an enterprise-wide impact
• Contribute to a disciplined effort to influence spend and drive cost savings across all business segments
• Support consistent application of procurement processes across constituent groups
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions
• Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook, and the Guidelines for Business Conduct
• Champion a high-performance environment and implements a people strategy that attracts, retains, develops and motivates team members by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team

 

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

 

• Bachelor’s degree in management, business, or related field; master (MA or MSc) in business or related field an asset
• Minimum of 5-10 years progressive sourcing experience, Corporate Real Estate category knowledge would be an asset
• CPM (Certified Purchasing Manager) preferred
• Global sourcing experience
• Excellent change-leadership and conflict resolution management as well as advanced problem-solving skills
• Excellent stakeholder management skills and comfort in speaking with senior leaders at the Bank, including ability to bridge communications between stakeholders with a focus on structuring contracts to deliver against bank’s needs
• Knowledgeable in financial services and regulations (e.g., OSFI, OCC, CFPB, UDAAP) and how they are applied to Third Party relationships is preferred
• Ability to comprehend complex technical and financial issues and use
  them to inform the creation of effective action plans and supplier strategies • Strong business acumen and strategic thinking skills
• Ability to develop collaborative working relationships with global stakeholder groups. Superior interpersonal and communication skills, exhibits a high level of professionalism
• Knowledge and experience with state-of-the-art procurement and analysis technologies
• Knowledge and understanding of Bank Business Units

 

What’s in it for you?

 

• A rewarding career path with diverse opportunities for professional development
• An organization committed to making a difference in our communities – for you and our customers.
• A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
• Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
• Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

 

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 (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. 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.