Manager, Global Procurement Services - Toronto, Canada - Scotiabank

Scotiabank

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Requisition ID: 171738

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Sourcing Manager is responsible for leading Bank-wide sourcing and project activities while working closely with senior business unit leadership and other sourcing leaders.

The Sourcing Manager will have the opportunity to improve upon current processes with a goal of centralizing and consolidating company-wide supplier selection.

By contributing to a competitive marketplace environment the sourcing manager will consistently drives reductions in the total cost of goods and services procured.

Accountabilities:

Create relationships with business leaders to support enterprise objectives, influence key stakeholders and jointly develop strategic sourcing strategies while collaborating on sourcing initiatives and projects
Collaborate with Business Unit and Operations leaders to fully understand key business drivers, spend drivers, and achieve required support levels
Manage business value through the development of high quality and cost effective supply relationships, while pursuing and championing total cost of ownership (TCO) savings directly by savings captured through leveraging Bankwide purchasing volume, strategic supplier relationships, demand management or indirect savings realized by driving innovation and or enhancing the overall effectiveness of the supply management process
Directly manage and implement best practices in sourcing initiatives
Manage category within and across the Bank's business segments, and serve as a key contributor to a welldeveloped and evolving supplier management process
Track sourcing initiatives for multifunctional stakeholder teams, ensuring effective strategy development, market assessments, RFP processes, and supplier management while enabling collaboration and innovation between stakeholders and suppliers
Establish and develop ongoing strategic relationships with key suppliers during major sourcing/project initiatives
Contribute to a disciplined effort to influence spend and drive cost savings across all business segments
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
Understands how the Bank's risk appetite and risk culture should be considered in daytoday activities and decisions
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of daytoday business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct
Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates team members by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team

Education and Experience:

Bachelor's degree in management, business, or related field; master (MA or MSc) in business or related field preferred
Minimum of 3 to 5 years progressive sourcing experience
CPM (Certified Purchasing Manager) asset
Global sourcing experience
Understand the wider objectives of procurement practices, such as business and strategic goals
Excellent stakeholder management skills and 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 is preferred
Ability to comprehend complex technical and financial issues and use them to inform the creation of effective action plans and supplier strategies
Strong business acumen and strategic thinking skills
Ability to develop analyses and insights into supply market trends
Knowledge and experience with stateoftheart procurement and analysis technologies
Ability to bridge communications between Sourcing, business and legal stakeholders/partners with a focus on developing an understanding of how to structure contracts to deliver against bank's needs

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.