Strategic Procurement Manager

1 month ago


Mississauga, Ontario, Canada TD Bank Full time

TD Bank is a leading financial institution committed to enriching the lives of our clients, communities, and colleagues. We strive to be a better bank, guided by our vision and goal.

The estimated salary for this role is around $120,000 - $180,000 per year, based on industry standards and location considerations.

Job Overview

We are seeking a skilled Strategic Procurement Manager to join our team. The successful candidate will be responsible for managing a team of procurement professionals, creating sustainable competitive advantage for TD Bank by leveraging third-party spend and supplier expertise.

This is a results-driven position that requires a strong commercial acumen, business judgment, and ability to drive value through early engagement, market knowledge, and understanding of contract terms and conditions.

About the Role
  • Implement, monitor, and act as a subject matter expert on all procurement policies, procedures, and best practices.
  • Process higher value, strategic sourcing requests and purchase orders transactions under defined category buying strategies.
  • Proactively engage with the strategic sourcing functions to identify new opportunities to leverage procurement tools and processes, and/or e-auction related buying strategies.
  • Drive value through early engagement, commercial acumen, market knowledge, and understanding of contract terms and conditions.
  • Ensure data integrity across procurement systems and develop actionable insights to enhance procurement efficiency and cost-effectiveness.
  • Provide leadership and mentoring to a team of dedicated buyers to execute against department KPIs and savings targets, and drive procurement velocity for transactional processes.
  • Ensure effective delivery of strategic sourcing group services to business partners and ensure prompt and thorough resolution of all client issues.
  • Minimum of 5+ years of relevant work experience as a procurement manager.
  • Previous experience managing the procure-to-pay process.
  • Strong knowledge of buying group functions and customer service.
  • Working knowledge of contract terms and conditions.
  • Experience managing portfolios with spend in excess of $500 million considered an asset.
What You'll Need
  • Bachelor's degree in a related field.
  • Advanced education or certifications in procurement and supply chain management highly valued.
  • Excellent communication, negotiation, and problem-solving skills.
  • Ability to work effectively in a global environment.
  • Proficiency in Microsoft Office and other relevant software applications.


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