Job Description

Responsibilities:Ownership of the assigned engagement, including but not limited to establishing / managing/ negotiating/leading executing contractual agreements, vendor onboarding & due diligence process throughout the vendor lifecycle. Lead end-to-end sourcing activities for assigned categories, including RFPs, vendor selection, and contract negotiations. Draft, review, and manage complex contracts, ensuring alignment with other areas such as legal, IT, and risk. Conduct spend analysis and identify cost-saving opportunities. Conduct analyses of existing vendor base to assess capability of meeting business objectives; balancing vendor concentration risks with vendor consolidation strategies. Maintain supplier master data and oversee contract lifecycle management Recommend/Develop and implement processes and tools for different types of contracts, risk assessments, disputes, and issue resolutions. Provide subject matter expertise and guidance to internal stakeholders on sourcing best practices. Supervise management and administration for a wide variety of contracts. Advise on the practices and considerations for upgrading existing contracts and solving complex contract management problems. Support accountable executives in the vendor performance management and evaluate operational issues and considerations in contract enforcement. Deliver on Strategic Sourcing Strategy, increase Strategic Sourcing brand awareness. Leading major contract negotiations, strategic sourcing activities, cross functional projects, risk and relationship management, and savings initiatives. Implement sound financial planning that is aligned with the corporate plan. Contribute to development & continues improvement of policies, guidelines & tools. Spearheading best practices for sourcing of new waves of technology and initiating strategies to boost suppliers' technology innovation. Applying expert skills in data analytics, market research, sourcing, relationship and contract management. Manage vendor onboarding, due diligence, performance evaluations and relationships. Ensure the success and oversee the effectiveness of the vendor management program across the Bank by implementing common standards and practices. Design and implement supplier performance scorecards for vendor assessment in contract management, financial management, performance management, risk management and relationship management areas. Collaborate with business units to ensure vendor performance aligns with service level agreements and business expectations. Lead cross functional teams by effectively manage relationships with 1st and 2nd line business partners involved in management and oversight of service providers. Support development and implementation of relevant policies, standards, directives, frameworks, and requirements relating to management of third parties. Conduct contract reviews and due diligence activities to ensure contracts and renewals incorporate business and regulatory requirements. Ensure that third-party risks are appropriately identified, assessed, managed, monitored and reported. Develop detailed expense models, budget forecasting and analysis.

Qualifications:University degree Minimum 5 years in a sourcing, contracts and vendor management role with a solid understanding of the entire vendor lifecycle. Experience ideally gained with a Bank or Financial Institution. Demonstrated experience successfully managing third parties, reviewing policies, performance, and contract management or negotiation strategy for small, medium and complex contracts Familiarity with regulatory requirements (OSFI) is an asset Business Process Optimization mindset - knowledge of processes for creating, analyzing, monitoring or improving requisitions Ability to communicate and work effectively cross-functionally with internal stakeholders, as well as external stakeholders including vendors Mutli-tasking and time-management skills, with ability to prioritize tasks Must have proficient oral and written skills; including report writing and presentation skills Solid expertise using Microsoft Office, Power BI, Visio, SharePoint. Familiarity with eSourcing tools, is an asset
This role is now vacant
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Time Type:
Full time
Job Type:
Permanent