Head of Sourcing and Supply Chain

4 weeks ago

Edmonton, Alberta, Canada CWB Financial Group Full time

At CWB Financial Group, we are dedicated to creating value for our stakeholders: our employees, clients, and investors. We achieve this by:

  • Prioritizing people and fostering intentional relationships
  • Embracing innovative ideas
  • Valuing the process as much as the outcome

Role Overview

Contract Duration: 12 months

Work Environment: Flexible hybrid model with on-site collaboration.

Location Preference: Edmonton, AB.

Elevate your career in banking

We differentiate ourselves from larger financial institutions by engaging our workforce in a caring and responsive manner, fostering a culture that prioritizes employee voices, promotes inclusivity, and encourages diverse perspectives, collaboration, and innovation.

Position Summary

The Head of Procurement will oversee CWB Financial Group's procurement operations, encompassing sourcing, procure-to-pay (P2P) processes, contract management, and Third-Party Risk Management (TPRM). The primary objective is to enhance purchasing efficiency while minimizing risks and maintaining high-quality customer service.

  • Formulate and articulate a procurement strategy that sets ambitious standards and innovative practices.
  • Develop and implement long-term departmental objectives with a focus on cost efficiency and operational excellence.
  • Encourage ongoing collaboration with various departments and partner organizations to refine standards and procedures in alignment with our strategic goals.
  • Create a comprehensive sourcing strategy, perform thorough market analysis, and lead competitive procurement initiatives.
  • Manage the Coupa Business Spend Management platform to ensure effective procure-to-pay processes.
  • Oversee procurement standards, contracts, vendor performance, and third-party risk management.
  • Build and maintain strong relationships with key partners and stakeholders, understanding their specific needs.
  • Communicate and advocate for the value of procurement, treating it as a professional services operation.
  • Serve as the main contact for procurement and TPRM inquiries, ensuring alignment of policies across departments.
  • Manage the annual procurement budget, tracking performance metrics and driving continuous improvement.
  • Enhance the skills and capabilities of the procurement team through training and development initiatives.
  • Maintain strategic partnerships with suppliers to consistently meet cost, quality, and delivery objectives.
  • Lead all procurement management activities, including market research and competitive processes.

Ideal Candidate Profile

The successful candidate will possess a proven history of strategic leadership, a comprehensive understanding of procurement methodologies, strong financial insight, and the ability to cultivate supplier relationships. They will be recognized as a strategic thinker with exceptional communication, negotiation, and influencing skills, capable of building and sustaining robust partnerships with key stakeholders.

Essential Qualifications

  • Post-secondary degree in Finance, Commerce, Business Administration, or a related field with a focus on Procurement.
  • Relevant industry certifications such as Supply Chain Management Professional (SCMP), Certified Professional in Supply Management (CPSM), or Certified Supply Chain Professional (CSCP).
  • Six Sigma and/or LEAN certification.

Professional Experience

  • Over 7 years of experience in Procurement, Sourcing, and Relationship Management, handling large and complex portfolios, including at least 3 years in supplier risk management.
  • A minimum of 3 years in a senior leadership role.
  • Familiarity with OSFI B-10 guidelines on outsourcing.
  • Experience in managing stakeholder relationships while providing excellent customer service.
  • Knowledge of procurement laws and regulations.
  • In-depth understanding of sourcing and procurement best practices.
  • Strong negotiation skills for high-value commercial agreements.
  • Experience with contemporary sourcing and procurement technologies.
  • Knowledge of enterprise risk management and business continuity strategies.
  • Proficient in financial management, including budgeting and cost control.
  • Advanced skills in MS Office applications (Word, Excel, PowerPoint, Access).
  • Willingness to travel as necessary.

Join CWB and advance your career.

Why Choose Us?

  • Wellness Focus: We provide a comprehensive benefits package that includes hybrid work options, flexible schedules, health coverage, wellness programs, and generous time-off policies.
  • Career Growth: We are committed to your professional development through coaching, mentorship, and educational support.
  • Inclusive Environment: We believe in fostering an inclusive workplace where every voice is valued. Join our employee representation groups to find community within CWB.

As an equitable employer, CWB Financial Group is dedicated to creating a safe and inclusive environment where a diverse workforce can thrive. We encourage you to bring your authentic self to work, where dignity, respect, and equality are paramount.

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