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Technology Sourcing Senior Manager

3 months ago


Canada Scotiabank Full time

Requisition ID:
Join a results-oriented team that values inclusivity and high performance. The Technology Sourcing Senior Manager plays a pivotal role in overseeing enterprise-wide technology sourcing and project initiatives, collaborating closely with senior leadership across various business units and sourcing teams. This position offers the chance to enhance existing processes aimed at centralizing and streamlining supplier selection across the organization, ultimately contributing to a competitive marketplace and achieving significant reductions in procurement costs.

Is this position a fit for you? In this role, you will:

  • Build and nurture relationships with IT executives to align with enterprise goals, influence key stakeholders, and collaboratively develop strategic sourcing plans while engaging in sourcing initiatives and projects.
  • Work alongside Business Unit and Operations leaders to gain a comprehensive understanding of critical business drivers and spending patterns, ensuring adequate support levels are met.
  • Drive business value by establishing high-quality, cost-effective supplier relationships, focusing on total cost of ownership (TCO) savings through leveraging enterprise purchasing power, strategic supplier partnerships, and demand management.
  • Lead and implement best practices in sourcing initiatives across the organization.
  • Manage categories across the Bank's business segments, contributing significantly to a well-structured and evolving supplier management process.
  • Monitor sourcing initiatives for cross-functional teams, ensuring effective strategy formulation, market evaluations, RFP processes, contract negotiations, and supplier management while fostering collaboration and innovation.
  • Establish and maintain strategic relationships with key suppliers during major sourcing and project initiatives.
  • Proactively collaborate with Business Line VMOs and contract owners to understand business needs and strategies, developing a comprehensive supplier contract strategy that consolidates and reduces contracts where feasible.
  • Facilitate enterprise supplier meetings for top suppliers.
  • Act as the escalation point for supplier issues that may have a broad impact or remain unresolved at the business level.
  • Contribute to a disciplined approach to influence spending and drive cost savings across all business segments.
  • Support the consistent application of procurement processes across various groups.
  • Champion a customer-centric culture to strengthen client relationships and leverage broader organizational knowledge and systems.
  • Understand the Bank's risk appetite and culture, ensuring these considerations are integrated into daily activities and decisions.
  • Pursue effective and efficient operations within your areas of responsibility, ensuring adherence to business controls to meet obligations related to operational risk, regulatory compliance, and conduct risk.
  • Foster a high-performance environment by implementing a people strategy that attracts, retains, and develops team members, promoting an inclusive workplace and effectively communicating the vision, values, and business strategy.
Do you possess the skills necessary for success in this role? We would be pleased to work with you if you have: A Bachelor's degree in management, business, or a related field; a Master's degree (MA or MSc) in business, engineering, computer information systems, science, or finance is an asset. A minimum of 5-10 years of progressive sourcing experience, with a preference for Certified Purchasing Manager (CPM) certification. Global sourcing experience, particularly in technology services, is essential. The ability to bridge communication between sourcing, IT, business, and legal stakeholders, focusing on structuring contracts to meet the Bank's needs. Strong change leadership, conflict resolution, and advanced problem-solving skills. Excellent stakeholder management capabilities and comfort in engaging with senior leaders. Knowledge of financial services regulations and their application to third-party relationships is preferred. The ability to comprehend complex technical and financial issues to inform effective action plans and supplier strategies. Strong business acumen and strategic thinking skills. The ability to cultivate collaborative relationships with global stakeholder groups. Superior interpersonal and communication skills, demonstrating professionalism. Familiarity with advanced procurement and analysis technologies. Understanding of emerging IT and related architectures. Location(s): Canada : Ontario : Toronto Scotiabank is a leading bank in the Americas.

Guided by our purpose:
"for every future", we assist our customers, their families, and communities in achieving success through a comprehensive range of advice, products, and services, including personal and commercial banking, wealth management, private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the organization and are committed to fostering an inclusive and accessible environment for all.

If you require accommodation during the recruitment and selection process, please inform our Recruitment team.

If you need technical assistance, please reach out. Candidates must apply online to be considered for this role.

We appreciate all applicants for their interest in a career at Scotiabank; however, only those selected for an interview will be contacted.

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