Consultant - Sr. Manager Strategic Sourcing and Third Party Management

1 month ago

Welland, Canada EQ Bank | Equitable Bank Full time
Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.

We are a big (and growing) family. Overall we serve more than 370,000 people across Canada through Equitable Bank, Canada's Challenger Bank, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform ( eqbank.ca ) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists.

The Work

The Senior Manager, Strategic Sourcing & Third-Party Management will report to the Director, Strategic Sourcing & Third-Party Management. You will play a critical leading role in the sourcing and purchasing of goods and services, including ongoing management/oversight of suppliers & third parties throughout the contract life cycle. You will be responsible for partnering with all business lines to understand and deliver against their needs, drive value, and mitigate third party risks. This includes helping to develop and/or updating procurement policies, procedures, documents, performance measures and systems and managing a centralized sourcing & risk mitigation program

The Core Parts Of Your Role Would Be To

  • Develop and communicate category sourcing strategies, roadmaps, regulatory and risk requirements through the Third-party management lifecycle.
  • Ability to research competitive intelligence including inviting potential suppliers to register on to the procurement platform.
  • Act as a lead point of contact for Sponsors to execute sourcing and procurement events, negotiate contract pricing, terms and conditions, manage due diligence, perform financial reviews and reference checks, impact analysis and complete all procurement & risk related documentation (including project related as required).
  • Work collaboratively and build positive relationships with internal/external partners to help deliver against their business objectives, driving value.
  • In collaboration with business and technology partners, oversee contract development and administration including the development of bids/proposals.
  • Liaise with internal Risk, Legal and Business stakeholders to finalize contracts and negotiate terms and conditions.
  • Work with Suppliers / Third Parties as needed, before, during and after contracts take place and ensure contract terms, SOWs and SLAs are met.
  • Act as the business lead for specific categories for procurement related questions and input to the policies and procedures, ensure awareness and alignment with the key internal partner groups including guidance on all appropriate authorizations / approvals needed and assurance of all contracts being entered in the corporate depository.
  • Support in dealing with third party risk mitigation, issues, escalations and/or remediation.
  • Leverage & continuously update Third party market research and stay on top of leading procurement and third-party management practices and continuous improvement.
  • Maintain a full and up to date contract pipeline and provide assistance to ensure contract and supplier management is up to date. Provide regular updates on the portfolio to ensure we are getting the agreed upon levels of service and delivery.
  • Analyze and report on categories and track and report on key metrics regularly.

Let’s Talk About You

  • Minimum 10 years of progressive experience in strategic sourcing, complex contract negotiation, contract management, risk mitigation and supplier/ Third Party performance management programs.
  • Experience leading a team that can deliver tangible value.
  • Proficiency in implementing and managing procurement software/technology.
  • University degree in Supply Chain Management, Business Administration, or related area; or relevant experience.
  • Certified Supply Chain Management Professional (CSCMP) or other designation relevant to the role preferred.
  • Any other combination of education and experience may be considered.
  • Excellent communication and presentation skills along with strong facilitation and negotiation skills.
  • Knowledge of technology-based suppliers and their associated products or services.
  • Experience and ability to make recommendations to drive value and increase revenue.
  • Strong financial, conceptual, and analytical skills.
  • Strong project management skills and experience, with ability to organize and coordinate a variety of activities in a fast paced and agile environment.
  • Knowledge of sourcing and procurement leading practices including performance scorecards and benefits/value tracking.

What we offer [For full-time permanent roles]

 Competitive discretionary bonus

Market leading RRSP match program

???? Medical, dental, vision, life, and disability benefits

Employee Share Purchase Plan

Maternity/Parental top-up while you care for your little one

Generous vacation policy, personal days and even a moving day

Virtual events to connect with your fellow colleagues

Annual professional development allowance and a comprehensive Career Development program

A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.

Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well.

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.

We can’t wait to get to know you

#J-18808-Ljbffr

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