Senior Manager, Strategic Sourcing and Supplier Management

Requisition ID: 221904

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

The Senior Manager, Strategic Sourcing and Supplier Management, is responsible for leading Bank-wide sourcing and category management activities. This role involves working closely with senior business unit leadership and other sourcing leaders to centralize and consolidate company-wide supplier selection, driving reductions in the total cost of goods and services procured.

Is this role right for you? In this role you will:

• Drive contract negotiations with key suppliers to ensure favorable terms, mitigating risks and maximizing value for the Bank.
• Act as the primary point of contact for senior stakeholders, ensuring their needs are met through effective communication and relationship management.
• Develop and implement category management strategies that align with the Bank's business objectives, ensuring optimal sourcing and procurement outcomes.
• Build and maintain strong relationships with internal stakeholders, providing regular updates on sourcing initiatives and addressing concerns.
• Lead complex contract negotiations with suppliers, ensuring agreements are commercially sound and aligned with the Bank's strategic goals.
• Develop relationships with business leaders to support enterprise objectives, influence key stakeholders, and lead sourcing and category strategies.
• Establish and develop ongoing strategic relationships with key suppliers, driving high-quality and cost-effective supply relationships.
• Directly lead and implement best practices in sourcing initiatives, tracking progress for multi-functional stakeholder teams.
• Contribute to efforts to influence spend and drive cost savings across all business segments, supporting consistent procurement processes.
• Champion a customer-focused culture to deepen client relationships and leverage broader Bank relationships, systems, and knowledge while ensuring compliance 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.
• Demonstrated ability to manage and influence senior stakeholders, ensuring alignment and support for sourcing initiatives.
• Extensive experience in developing and implementing category management strategies, with a focus on driving cost savings and value creation.
• Excellent change-leadership and conflict resolution management skills.
• Ability to comprehend complex technical and financial issues and create effective action plans.
• Knowledgeable in financial services and regulations (e.g., OSFI, OCC, CFPB, UDAAP) and their application to Third Party relationships.
• Strong business acumen and strategic thinking skills.
• Ability to develop collaborative working relationships with global stakeholder groups.
• Superior interpersonal and communication skills.
• Knowledge and experience with state-of-the-art procurement and analysis technologies.
• Spanish and French language would be considered an advantage
• Candidates, who self-identify as indigenous, are actively encouraged to apply

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.
• An 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.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.