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Senior Strategic Sourcing Manager

2 months ago

Golden Horseshoe, Canada The Toronto-Dominion Bank (Canada) Full time
Senior Strategic Sourcing Manager

Work Location: Canada

Hours: 37.5

Line of Business: Procurement & Sourcing

Pay Details: We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation-related questions, including pay details for this role.

Job Description:

Department Overview: TDBG spends around $8B each year with vendors. Strategic Sourcing Group’s (SSG) role, in collaboration with our business partners, is to create sustainable competitive advantage for TDBG by leveraging this third-party spend and the expertise of our key suppliers to meet our needs, reduce total cost, and mitigate supply-related risks. Our role is global in scope, and we have just embarked on a journey to transform the way we do sourcing, purchasing, and vendor management within our department and more broadly across the organization. Our team is comprised of ~200 people who are in various TDBG locations across North America.

Job Accountabilities:

CUSTOMER

  • Develop and implement Global category strategies employing category management and best practices.
  • Develop and lead implementation of category and strategic sourcing strategies that support TD and business partner needs and objectives as well as help to mitigate risks to business and TD.
  • Ensure effective delivery of SSG services to business partners and prompt and thorough resolution of all business partner issues.
  • Provide guidance on outsourcing governance best practices and provide counsel to business to ensure supplier arrangements meet all TD policy and regulatory requirements.
  • Contribute to the development and execution of the supplier transition activities, governance programs, and management programs.

SHAREHOLDER

  • Work closely with key business leaders to develop business plans, ensuring the optimal use of resources and leverage TD’s operating model to maximize efficiency, effectiveness, and scale.
  • Plan and execute on strategic activities, review and communicate results, and adjust tactics accordingly.
  • Execute on the annual business plan to deliver results aligned with business strategies.
  • Manage overall budget, revenue, and expenditures, meet business objectives while increasing efficiency and effectiveness.
  • Proactively identify key business opportunities, research and recommend enhancements/modifications, develop strategies to achieve recommendations, and work closely with the team to execute and implement.
  • Monitor and communicate the effectiveness of strategies, programs, and practices related to own area of expertise.
  • Protect the interests of the organization – identify and manage risks, and escalate non-standard, high-risk transactions/activities as necessary.
  • 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.
  • Ensure employees are knowledgeable; and assume responsibility to minimize operational and regulatory risk by complying with Bank and industry Code of Conduct.

EMPLOYEE / TEAM

  • Cultivate and model the Colleague Promise to support colleague growth and a culture of care; make an impact at work and in our communities by leading with authenticity and supporting well-being to represent TD's brand.
  • Connect the alignment of colleague's contributions with the TD Shared Commitments.
  • Build and retain an engaged and diverse team that embraces diversity of thought, creativity, and curiosity; where every colleague and customer are valued, respected, and listened to; committed to a common goal and collaborate to move with speed and get things done.
  • Demonstrate inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity, including those from underrepresented communities, being actively anti-racist, attracting and retaining a diverse slate of candidates, nurturing mutual respect, inclusivity of thought, and collaboration to drive successful results.
  • Sustain, identify strong talent, recruit and develop a diverse talent pipeline of qualified workforce to innovate and maximize individual strengths to lead to a better business outcome.
  • Enable colleague growth by encouraging colleague development to achieve career and business objectives; ensuring timely feedback, motivating appreciation, and recognition to all colleagues.
  • Enable a continuous learning culture by proactively seeking, listening to, and actioning feedback from peers and from colleague listening opportunities to continuously improve the colleague experience and grow your personal leadership.
  • Foster an environment that promotes sharing of knowledge, information, skills, and subject matter expertise among the team; ensure timely management and escalation of issues and create opportunities to collaborate with other functions and teams.
  • Lead your team through change and create an environment where teams feel psychologically safe to challenge current practices by modeling resiliency and flexibility, communicating a compelling vision with clarity, and empowering colleagues to drive innovation.
  • Contributes to the development of business segment and/or enterprise functional strategic priorities within their operational area or field of specialty that drive results.
  • Develops annual and/or long-term plans for own area that are aligned with enterprise-wide priorities, reinforcing a focus on results that align to One TD.
  • Foster a high-performance culture by setting team targets and objectives, promoting and facilitating ongoing feedback/coaching and conducting Quarterly Check-Ins for all colleagues to drive accountability and business results.

BREADTH & DEPTH

  • Strategic partner to leadership team on the management of the portfolio and financials, with deep industry, external/internal, enterprise knowledge, recognizing and anticipating emerging trends and identifying operational efficiencies and opportunities with other business management/enterprise areas.
  • Facilitate key strategic discussions and provide thought leadership to executive audience (output may include strategic roadmap and/or deliverables/frameworks/short to long-term goals etc.).
  • Set operational team direction and collaborate with others to execute on common goals.
  • Focus on longer-range planning for functional area (e.g. 12 months or greater).

EXPERIENCE AND / OR EDUCATION

  • At least 7+ years of experience in IT Sourcing, including successful development and negotiation of complex technology agreements.
  • Strategic Leadership: Providing strategic direction and leadership in sourcing and procurement.
  • Global Sourcing Expertise: Experience in managing global supplier networks and logistics.
  • Supplier Relationship Excellence: Establishing long-term strategic partnerships with key suppliers.
  • Financial Acumen: Understanding financial impacts of sourcing decisions and cost structure.
  • Experienced sourcing practitioner, understanding of best-practice sourcing methodology with a deep knowledge of contract terms and contractual language.
  • Proven track record of delivering significant cost savings through effective implementation of IT sourcing strategy.
  • Experience working with large enterprise software and hardware companies.
  • Demonstrated ability to think critically and solve problems.
  • Strong verbal and written communication skills.
  • Self-starter who can take ownership and accountability and lead projects independently.
  • Proven capabilities in operating in a very fast-paced, results-driven environment.

Who We Are: TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States, and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities, and colleagues.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development
If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

Language Requirement: N/A.

Our Values
At TD we’re guided by our purpose to enrich the lives of our customers, communities, and colleagues, and share a set of values that shape our culture and guide our behavior.

Our Commitment to Diversity, Equity, and Inclusion
At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported.

Helping to Make an Impact in Communities – TD Ready Commitment
TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future.

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