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Senior Procurement Analyst

4 months ago

Toronto, Canada TMX Full time

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

The Senior Procurement Analyst is responsible for planning and executing the sourcing activities underpinning the procurement of goods and services defined within particular sub categories and against less complex or more transactional sourcing files and vendor relationships.

Key Accountabilities:

  • Actively support RFI/RFP/RFQ, bidding, supplier selection and negotiation process for suppliers as needed
  • Assist in the management and support of day-to-day vendor relationships for productive, mutually beneficial outcomes
  • Utilize business intelligence and reporting in order to make actionable recommendations on sourcing and vendor management for key vendors
  • Support the drafting and review of agreements between TMX entities and vendors
  • Communicate and report to function leadership the status of any critical external relationships that could otherwise impact planning and decision making
  • Lead cross functional sourcing files/initiatives, including: development of sourcing approach and strategy, evaluation of suppliers, analysis of bids/proposals, supporting vendor due diligence, engaging enterprise stakeholders, and supporting the preparation/execution of contracts
  • Manage contract renewals
  • Ensure compliance with all TMX Corporate Policies
  • Support the resolution of contract related issues with vendors as needed
  • Report on the status of sourcing files as required, explaining sourcing decisions and pricing to internal clients, function leadership, and other senior management
  • Manage multiple simultaneous sourcing files and help realize value / achieve savings
  • Assist in the Identification of high impact cost reduction opportunities
  • Work with Procurement Advisors as required, supporting in the negotiation of contracts, including commercial and noncommercial terms
  • Collect and evaluate information about potential suppliers
  • Help leverage the organization's buying power to optimize costs, access new suppliers, reduce lead times, and guarantee supply
  • Work with legal counsel as well as other cross functional areas of the organization to ensure contracts and agreements meet TMX policies and standards
  • Contribute to vendor relationship management, risk mitigation (financial, business continuity, reputational, contractual, commercial) and continuous improvement to optimize value and deliver mutual benefits over the life of the relationship
  • Develop and maintain constructive and cooperative working relationships with colleagues and management
  • Respond to clients' inquiries with a sense of urgency and putting clients first
  • Build relationships with internal and external stakeholders to drive engagement and ensure their input and support using problem solving, persuasion, and proactive communication skills
  • Keep up to date on new industry trends and best practices


Must haves:

  • Minimum 2 years previous experience managing activities across the end-to-end procurement lifecycle

  • Bachelor's degree in a relevant field

  • Experience leveraging internal and external partnerships to drive enhanced value for the business

  • Demonstrated experience negotiating contracts.

  • Outstanding relationship building, client centricity and influencing skills

  • Track record of delivering on commitments

  • Strong verbal, written and presentation skills

  • Is a change agent, embraces new ways of working, tools and technologies.

Nice to haves:

  • Experience with technology contracts is an asset

In the market for…

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world's most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger "we". Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.