Strategic Sourcing Manager

4 weeks ago

Toronto, Canada TD Bank Full time

**TD Description**

Stay current and competitive. Carve out a career for yourself. Grow with us.

**Department Overview**
- TDBG spends over $ 10bn each year with suppliers. The Strategic Sourcing Group’s (SSG) role, in collaboration with our business partners, is to create sustainable competitive advantage for TDBG by leveraging this 3rd-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 embarked on a journey within our department, and more broadly across the organization, to transform the way we do sourcing, procurement, purchasing and vendor management.
- Our team comprises over 200 people who are located in various TDBG locations across North America
- SSG leads the optimization of TD's spend for goods and services, while protecting the Bank from unnecessary risk through close collaboration with business stakeholders, Third Party Risk Management (TPRM) as well as the various enterprise risk partners (e.g., Legal, Enterprise Protect, Privacy). SSG's Business Operations Sourcing team is accountable for the overall procurement of Human Resources, Marketing, Travel, Real Estate, Insurance Claims and Operations categories across TD.
- Reporting to the Senior Sourcing Manager, the Sourcing Manager's key accountabilities are:

- Proactively engage business stakeholders to understand their business strategies and objectives in order to align initiative work to help achieve them
- Proactively manage the 3rd-party expenditure assigned and associated key suppliers to create P&L impacting value that is recognized by the business and organization
- Develop procurement sourcing strategies across a variety of categories that drive sustainable competitive advantage and concentrate spend with suppliers that matter to and value TD.
- Drive value in supply chain/total cost of ownership sourcing initiatives through early engagement, commercial acumen and market knowledge. Activities also include requirements gathering, solution/supplier evaluations and supplier selection activities
- Ensure effective delivery of Strategic Sourcing Group (SSG) procurement services to business partners and ensure prompt and thorough resolution of all client issues
- Proactively conduct market intelligence activities including industry, supply market and supply chain research/analytics, category sourcing and outsourcing trends and best practices and share knowledge, insight and advice with business in a way that contributes to their long-term business strategies
- Provide guidance and insight on outsourcing governance best practices and provide counsel to business to ensure supplier arrangements meet all TDBG policy and regulatory requirements
- Participate and represent the Bank at industry group meetings and/or supplier forums and maintain a wide referral network
- Foster strong collaborative relationships with partners in SSG, the business and vendor management community.

**Job Requirements**

**Education/Accreditations**
- Minimum of 5+ years of relevant work experience

**Other Qualifications/Skills/Experience**
- Relevant work experience in a Procurement role, Relationship Management, Project Management, Vendor Management, or Analysis would be an asset
- Strong commercial acumen and business judgment
- Drive and determined attitude to flawless execution
- Demonstrated influencing, communication, negotiation and presentation skills
- Proven experience in business planning and delivery of objectives
- Demonstrated stakeholder/relationship management and networking skills
- Experience in project management and strong analytical skills
- General knowledge of the TDBG organizational structure, including main business groups and their functions

**Location**
The role would be considered for Toronto, Ontario, or Mount Laurel, New Jersey

**Additional Information**
- #LI-Hybrid

**Inclusiveness**

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.

**Job Family**
- Strategic Sourcing & Procurement

**Job Category - Primary**
- Procurement & Sourcing

**Job Category(s)**
- Procurement & Sourcing

**Hours**
- 37.5

**Business Line**
- Corporate

**Time Type**
- Full Time

**Employment Type**
- Regular

**Country**
- Canada

**Province/State (Primary)**
- Ontario

**City (Primary)**
- Toronto

**Work Location**
- TD Centre - TD Tower - 66 Wellington Street West

**Job Expires**
- 03-Mar-2023

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