Head of Procurement

5 months ago

Edmonton, Canada CWB Financial Group Full time

At , we strive to build value for the people who choose us every day: our people, our clients and our investors. We do this by:

Putting people first and building relationships with intention

Seeking out and embracing new ideas

Believing that how we do things is as important as what we do

Role Specifications

Duration: 12-month term

Everyday flexibility. Hybrid work environments. On-site requirements. Collaborative connections.

Preferred location: Edmonton, AB.

Put a new on your banking career

We’re different from the big banks in we engage our employees - caring, responsive, and armed with an obsession for growing talent. Our reputation is powered by a people first culture that ensures our employees be and feel heard, promotes inclusivity and diverse viewpoints, and inspires collaboration and innovation.

The opportunity

The Head of Procurement is responsible for CWB Financial Group’s procurement function, including sourcing and procure-to-pay (P2P), contract management, and Third-Party Risk Management (TPRM) support. The focus of the position is to optimize overall purchasing costs, and add value while mitigating risk, without compromising quality customer service and satisfaction.

Develop and communicate a procurement business strategy, setting high standards and innovative procedures.

Envision and execute long-term departmental goals, focusing on cost-effectiveness and operational efficiency.

Foster regular collaborations with CWB Financial Group departments and partner companies to enhance standards and procedures, ensuring they align with our goals.

Develop a robust sourcing strategy, conduct in-depth market research, and drive competitive procurement processes.

Oversee all aspects of 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.

Successful incumbent

This role requires an individual with a proven track record of strategic leadership, a deep understanding of procurement processes, excellent financial acumen, and the ability to foster strong supplier relationships. They are regarded as a strategic thinker with strong business and financial acumen who drives innovation, change and process improvements. They are known to be an exceptional communicator, influencer and negotiator, able to build and maintain strong partnerships with various key stakeholders.

Core knowledge requirements

Post-secondary education in Finance, Commerce, Business Administration or related field with a specialization in Procurement.

One or more relevant industry designations, i.e., Supply Chain Management Professional (SCMP), Certified Professional in Supply Management (CPSM), or Certified Supply Chain Professional (CSCP) designation.

Six Sigma and/or LEAN certification.

Professional experience

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).

Take your career further with CWB. Apply today.

Why work with us?

Wellness matters. 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

generous time-away options to unplug, rest & recover.

Career development. We commit to our employees’ development and help them reach their professional goals with:

organization wide coaching services

mentorship

education support & training programs.

Bring your whole self to work. Inclusion is a journey requiring practice & experience to result in a powerful outcome. Your perspective matters & voice will be heard. Find community within the CWB family in our employee represented groups.

#LI-AI1

As an equitable employer, CWB Financial Group is committed to providing a safe and where a diverse workforce thrives. You are welcomed and encouraged to bring your whole self to work. Dignity, respect and equality are non-negotiables. If you require during any part of the recruitment or selection process, please reach out.

Closing Date:

* Position closes at 12:01am on the close date identified below.

08/31/2024

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