Strategic Procurement Manager
2 days ago
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 OverviewWe 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.
- 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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