Strategic Procurement Leader

7 hours ago

Toronto, Ontario, Canada Peoples Trust Full time

About Peoples Trust

Peoples Trust is a boutique financial institution with a strong presence in the Canadian marketplace. Our mission is to deliver exceptional customer service and exceed our customers' expectations by leveraging our extensive product knowledge and experience.

Our Culture

Our culture at Peoples Trust is built on the values of Trustworthy, Creative, and Willing. We prioritize risk-based practices and procedures to ensure we remain risk intelligent and compliant. We value people, building relationships, and focusing on strengths; we execute with passion.

About the Role

We are seeking a world-class procurement leader to develop a procurement function in a growing organization. As a procurement architect with business acumen, you will be responsible for harnessing your experiences in professional and financial services to add value to our organization.

Key Responsibilities

  • Develop a company-wide procurement program, including purchasing, contracts, negotiations, and vendor selection processes.
  • Conduct capital spend analysis, identify and prioritize strategic sourcing, cost-reduction opportunities, and execute corresponding RFx's and supplier negotiations as necessary.
  • Categorize spend, measuring against quality, service, risk, and cost.
  • Build and implement frameworks for procurement.
  • Perform supplier performance and SLA measurement.
  • Negotiate to establish, measure, enforce contractual terms that protect the company from supplier failure to perform.
  • Develop, direct, and manage overall cost reduction targets and category-level long-term strategic plans tied to business and company goals, including contracted savings.
  • Establish cross-functional internal procurement organization process and develop internal partnerships with cross-functional teams.
  • Implement and/or leverage existing/upcoming enterprise systems to establish automated procurement requests, invoicing, and payment processes.
  • Establish enterprise reporting standards on procurement volume by unit, spend, and category/types.
  • Evaluate and improve procurement processes, procedures, and governance, ensuring continuous improvement and cost savings.
  • Build a team of procurement experts to handle and execute all company purchasing decisions.
  • Implement a procurement technology stack that provides contractual visibility on 3rd party contracts.

Requirements

  • Bachelor's Degree in a relevant field; master's degree preferred.
  • Certification from a recognized association focused on procurement.
  • 15+ years' experience in procurement; with at least 5 years leading a team.
  • Skilled in establishing and maintaining relationships with key stakeholders, including suppliers, vendors, customers, and colleagues.
  • Strong analytical skills with the ability to visualize, articulate, and solve complex problems and concepts.
  • Demonstrated experience developing strategies across multiple categories, including technology, marketing, and logistics spend.

Compensation

Peoples Trust is pleased to offer employees a competitive annual salary plus a discretionary profit share opportunity. Salary for this position will vary between $200,000 and $275,000 per year depending on the knowledge, skills, abilities, and experience that the chosen candidate possesses.

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