Head of Procurement

2 days ago

Vancouver, British Columbia, Canada CWB Financial Group Full time
Job Title: Head of Procurement

CWB Financial Group is seeking a seasoned procurement professional to lead our procurement function, driving strategic sourcing, contract management, and risk mitigation initiatives.

Key Responsibilities:
  • Develop and execute a procurement business strategy, aligning with CWB Financial Group's goals and objectives.
  • Lead the procurement team in sourcing and procure-to-pay operations, ensuring cost-effectiveness and operational efficiency.
  • Foster strong relationships with internal stakeholders and external partners to enhance standards and procedures.
  • Develop and implement a robust sourcing strategy, conducting market research and driving competitive procurement processes.
  • Oversee the Coupa Business Spend Management platform, ensuring seamless procure-to-pay operations.
  • Effectively manage and communicate procurement standards, contracts, vendor performance, and third-party risk management.
  • Cultivate strong relationships with key partners and stakeholders, understanding their unique needs and dynamics.
  • Articulate and promote the value of procurement, operating it like a well-run professional services business.
  • Be the primary point of contact for procurement and third-party risk management support-related inquiries, aligning policies and procedures across all departments.
  • Take charge of the annual Procurement budget, monitoring key performance metrics and focusing on continuous improvement.
  • Develop and enhance the skills and competencies of our procurement staff, emphasizing training, development, and knowledge management.
  • Maintain robust partnerships with strategic suppliers to ensure cost, quality, and delivery targets are consistently met.
  • Lead all procurement management activities, including market research and competitive processes.
Requirements:
  • Post-secondary education in Finance, Commerce, Business Administration, or a related field with a specialization in Procurement.
  • One or more relevant industry designations, such as Supply Chain Management Professional (SCMP), Certified Professional in Supply Management (CPSM), or Certified Supply Chain Professional (CSCP) designation.
  • Six Sigma and/or LEAN certification.
  • 7+ years' experience in Procurement, Sourcing, and Relationship Management managing large, complex portfolios with a minimum of 3 years' experience in supplier risk management.
  • 3+ years of senior leadership experience.
  • Understanding of OSFI B-10 Outsourcing of Business Activities, Functions, and Processes.
  • Experience in leading and supporting stakeholder interactions/relationships while leveraging strong customer service and consulting skills.
  • Understanding of procurement law and/or regulations.
  • In-depth knowledge of sourcing and procurement principles and best practices.
  • Strong negotiation skills to use for large commercial deals.
  • Experience with modern sourcing and procurement systems.
  • Knowledge of enterprise risk management and business continuity planning.
  • Working knowledge of finance and/or accounting in terms of budgeting, cost management, financial accounting, treasury, risk management, etc.
  • Excellent MS Office (Word, Excel, MSQuery, Access, PowerPoint) capabilities required.
  • Ability to travel (as needed).
Why Work with Us?
  • We offer an award-winning benefits package that includes hybrid work environments, everyday flexibility, company-funded health coverage, health care spending account, a flexible wellness program, and generous time-away options.
  • We commit to our employees' development and help them reach their professional goals with organization-wide coaching services, mentorship, education support, and training programs.
  • We value diversity and inclusion, and we strive to create a workplace where everyone feels welcome and valued.

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