Strategic Sourcing Manager

1 day ago

Mississauga, Canada Kelly Services (Canada), Ltd. Full time

Kelly has partnered with one of Canada's Top 5 Banks to recruit for a Strategic Sourcing Manager in Toronto.


Start date: As soon as possible

Hours: Flexible between 8:00 AM - 4:00 PM or 8:30 AM - 4:30 PM 37.5 hours per week

Location: Hybrid (2 days per week in office) Mississauga, ON

Salary: $110,000


Job Description:


Job Accountabilities:


CUSTOMER

  • Act as liaison with business / executives and provide sourcing expertise and recommendations to business partners to optimize Sourcing strategies to enable the bank and business specific objectives and goals
  • Within category specialty, support business partners by contributing to governance programs and management programs
  • Manage category and strategic sourcing strategies and initiatives that support the bank and business partner needs and objectives as well as help to mitigate risks to the organization
  • May provide guidance on Sourcing/outsourcing best practices
  • Present research findings and make recommendations to management that support category and business partner strategies
  • Leads supplier negotiations to maximize total cost of ownership in a given category and work with business partners

SHAREHOLDER

  • Adhere to enterprise frameworks or methodologies that relate to sourcing activities for our business area
  • Ensure respective sourcing programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
  • Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate
  • Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
  • Participate in cross-functional /SSG enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
  • Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience
  • Conduct meaningful SSG analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
  • Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists
  • Lead / facilitate and/or implement actions / remediation plans to address performance / risk /governance issues
  • Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements
  • Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
  • Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite

EMPLOYEE / TEAM

  • Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest
  • Provide thought leadership and/ or industry knowledge for own area of expertise in own area and participate in knowledge transfer within the team and business unit
  • Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
  • Participate in personal performance management and development activities, including cross training within own team
  • Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
  • Contribute to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
  • Lead, motivate and develop relationships with internal and external business partners / stakeholders to develop productive working relationships.
  • Contribute to a fair, positive and equitable environment that supports a diverse workforce
  • Act as a brand ambassador for your business area/function and the bank, both internally and/or externally

BREADTH & DEPTH

  • Highly seasoned professional role requiring substantial knowledge of Sourcing and procurement and/or knowledge of broader related areas
  • Integrates knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations
  • Interprets internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services
  • Acts as a technical expert / lead integrating cross-function understanding within their own field of specialty; may manage team(s) of related specialists
  • Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity
  • Independently manages end-to-end functional programs
  • Solves or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions
  • Uses sophisticated analytical thought to exercise judgement and identify solutions
  • Impacts the achievement of sub-function or business line objectives within the area they are accountable for
  • Work is guided by policies and industry standards/methods
  • Communicates difficult concepts; converts information to compelling business context and advice; influences and gains alignment across increasingly senior stakeholders
  • Works autonomously as the lead and guides others within area of expertise


MUST HAVE

  • Post-Secondary Education
  • 7+ years of related experience
  • Advance Negotiation Skills: Proficient in negotiating complex contracts and terms for IT solutions
  • Strategic Sourcing: Developing and implementing sourcing strategies aligned with business goals
  • Supplier Development: Working closely with suppliers to improve quality, costs, and delivery performance
  • Risk Management: Identifying and mitigating risks related to sourcing and supply chain disruptions
  • Contract Negotiation and Management: Managing complex contracts, including terms, conditions, and performance metrics

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