Strategic Vendor Management Specialist

1 month ago


Toronto, Ontario, Canada The Toronto-Dominion Bank (Canada) Full time

About the Role:



This is an exciting opportunity to join TD as a Manager, Business Management, where you will play a pivotal role in vendor management oversight.



As part of our Strategic Sourcing Group, you will navigate the intricate landscape of internal and external stakeholders, ensuring seamless collaboration and alignment with organizational goals.



You will be responsible for managing both ongoing large-scale vendor engagements and facilitating new ones, leveraging your expertise to negotiate contracts, optimize vendor relationships, and mitigate risks effectively.



Key Responsibilities:




  • Monitor budget performance, identify variances, and provide regular updates to the Senior Manager.
  • Manage Third Party Business Arrangements through all stages of the Third-Party Management Lifecycle (TPML), in alignment with relevant frameworks, policies, and standards.
  • Act as the Lead Vendor Manager supporting the Accountable Executive that owns TD's relationship with the Third Party.


Requirements:




  • Undergraduate degree
  • 5+ years relevant experience


Preferred Qualifications:




  • Advanced knowledge of Vendor Management, Business Arrangements, Third-Party Management Lifecycle (TPML) framework/principles, policies, and procedures.
  • Financial Acumen: Understanding of financial principles, budgeting, forecasting, and financial analysis.
  • Knowledge of current and emerging competitor and market trends.
  • Knowledge of Risk Management environment, standards, and regulations.
  • Knowledge of budgetary management principles/practices/procedures and resource allocation.
  • Strategic Thinking: Ability to develop and implement long-term strategies aligned with organizational goals.
  • Communication: Excellent verbal and written communication skills to effectively collaborate with internal and external stakeholders.
  • Analytical Skills: Proficiency in data analysis and problem-solving to drive informed decision-making.
  • Change Management: Experience in leading organizational change initiatives and managing stakeholders through transitions.
  • Project Management: Demonstrated ability to manage multiple projects simultaneously, prioritize tasks, and meet deadlines effectively.


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