Manager, Strategic Sourcing

Requisition ID: 227127 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Manager, Strategic Sourcing is responsible for leading Bank-wide sourcing and category management activities. The Manager will collaborate with business unit leadership and sourcing leaders to improve upon current processes, centralize and consolidate company-wide supplier selection and drive reductions in the total cost of goods and services procured. **Is this role right for you? In this role you will**: - Act as a primary contact for senior stakeholders, ensuring their needs are met through effective and regular communications, providing support for their concerns, and developing the relationship - Lead sourcing and category strategies to support enterprise objectives and influence key stakeholders while ensuring optimal sourcing and procurement outcomes - Drive contract negotiations with key suppliers to ensure agreements are commercially sounds, include favourable terms, mitigate risks, maximize value for the Bank and are aligned with the Bank’s strategic goals - Contribute to a disciplined effort to influence spend and drive cost savings across all business segments, supporting consistent procurement processes - Directly manage and implement best practices in sourcing initiatives, tracking progress for multi-functional stakeholder teams - Establish and develop on-going strategic relationships with key suppliers driving high-quality and cost-effective supplier relationships - Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge while ensuring compliance, risk management and efficiency in operations **Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have**: - Proven track record of successfully negotiating high-value contracts with suppliers, ensuring agreements are commercially sound and aligned with strategic goals - 4-5 years experience in developing and implementing sourcing and category strategies, with a focus on driving cost savings and value creation - Demonstrated ability to develop global stakeholder relationships, manage and influence stakeholders, ensuring alignment and support for sourcing initiatives - Superior interpersonal and spoken/written communication skills, including comfort in speaking with senior leaders at the Bank - Knowledgeable in financial services and regulations (e.g., OSFI, OCC, CFPB, UDAAP) and how they are applied to Third Party relationships - Ability to comprehend complex technical and financial issues and create effective action plans - Strong business acumen and strategic thinking skills - Spanish and French language would be considered an advantage **What’s in it for you?** - A rewarding career path with diverse opportunities for professional development - Lead strategic projects with a significant impact on business line growth. - A culture that promotes teamwork and cross-functional collaboration to achieve business goals. Inclusive workplace that values diversity of thought, background, and experience - A competitive compensation and benefits package - An organization committed to making a difference in our communities - for you and our customers. - Opportunity to work with a very enthusiastic team that helps our clients by ensuring the Bank is able to continue to operate to deliver key business services. - Hybrid working environment allowing for work/life balance Location(s): Canada : Ontario : Toronto Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.