Procurement Advisor

6 months ago

Toronto, Canada TMX Group Limited 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?

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?

Now Hiring: Procurement Advisor (6 month contract)

Core Responsibilities:
- Lead/Manage RFI/RFP/RFQ, supplier selection and negotiate process for suppliers as needed.- Execute end to end procurement lifecycle including: Completing contract negotiations, including commercial and noncommercial terms, working with internal and external legal counsel, information security and other cross functional areas of the organization to ensure contracts and agreements meet TMX policies and standards.- Lead day-to-day vendor relationships for productive, mutually beneficial outcomes- Develop a detailed understanding of each Vendor with an assigned Category, and key relationships within each-
- Takes a project management approach to ensure deliverables are met within the appropriate timelines.- Draft, review and execute agreements between TMX entities and vendors.- Ensure the financial health of the vendor, including all inherent risk drivers, are clearly understood and spend owners are advised accordingly, including compliance with Risk Assessment protocols/procedures developed and implemented by the Head, Procurement Operations- Responsible for ensuring maximum legal protection through detailed documentation and review of vendor terms and conditions- Responsible for accurate data and analysis in monthly and quarterly Category reports to team in monitoring market, category and competitor performance.- Develop clear and consistent category approaches in alignment with functional and end-client objectives, using Analysis of industry trends and conditions- Engage end client stakeholders to understand key priorities and provide feedback to Category management- Communicate and report to functional leadership and end client stakeholders the status of any critical external relationships that could otherwise impact planning and decision making- Proactively monitor and analyze performance and trends within categories to identify, highlight issues and opportunities that supports the business.- Contribute to the development of improved strategic sourcing strategies- Evaluate risk, assess, and prepare forecasts, scenarios and other factors concerning the supply market, write reports and recommendations.- Lead cross functional assigned sourcing files/initiatives to include; development of sourcing approach, evaluation of suppliers, analysis of bids/proposals, and preparation/execution of contracts- Participate in professional development activities to keep abreast of current industry best practices- Ensure compliance with all TMX Corporate Policies- Identify and provide input into vendor scorecard elements based on contractual requirements and KPIs- Identify high impact cost reduction opportunities.- Resolve sophisticated contract related issues with vendors as needed- Participate in the evaluation of formulation of procurement policies and procedures- Presents and explains sourcing decisions and pricing to internal clients, function leadership, senior management- Takes an account management approach to managing multiple simultaneous complex sourcing files, performing check-ins, follow up with clients and leading quarterly vendor performance reviews- Leverage the organization’s buying power to optimize costs, access new suppliers, reduce lead times, and guarantee supply.- Supervises transactions/deliverables to ensure that they are in accordance with the Contract, SoW or Purchase order and ensures that non-performance is add

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