Job Description

Our banking client is looking for a Strategic Sourcing Manager (HR Category, Bank, Strategic Sourcing, Procurement & Contract Negotiations)
Length: 6 Months contract with the possibility of extension and conversion to full time employment
Location: Toronto, ON - Hybrid (3-4 days onsite)
LOB: Procurement
'The start date of this job is flexible and in order to find the best candidate the job may remain open much longer than the date mentioned on this posting... or you may be asked to start sooner than the expected start date if you are able to do so !'
Please read the job description below. If this interests you, please send a MS-Word version copy of your resume (ASAP) along with a telephone contact number: E-mail to ssingh@teamrecruiter.com
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The recruiter in charge of this role is Sunita
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Requirements
Requirements:
DESCRIPTION:
Join a team that's shaping the future of sourcing at the bank. We're looking for a strategic thinker who thrives in complexity, builds strong relationships, and is excited to grow with us. This role is a unique opportunity to work with the People & Culture team and broader banking enterprise, helping drive innovative sourcing strategies that deliver value, reduce risk, and support our purpose-driven culture. The Human Resources category includes work supporting the Enterprise across the subcategories of Administration Services, Benefits, Recruitment, Relocation, and Training.
ROLE RESPONSIBILITIES:
1. Strategic Leadership & Advisory
Act as a trusted advisor to business partners, primarily within People & Culture.
Influence and negotiate to achieve business and cost management objectives.
Recommend and implement sourcing solutions based on strategic analysis.
Assist in developing long-term sourcing plans aligned with enterprise goals.
Identify emerging trends and issues to inform decision-making.
2. Sourcing Strategy & Execution
Lead end-to-end sourcing initiatives, including competitive events (RFI/RFP), supplier selection, and contract negotiations.
Develop and execute category management frameworks and sourcing strategies.
Conduct market assessments to identify preferred suppliers and evaluate risk.
Apply disciplined procurement methodologies and ensure compliance with policies.
Manage multiple sourcing projects simultaneously, resolving conflicting priorities.
3. Supplier Relationship & Risk Considerations
Build strong relationships with internal stakeholders and external suppliers.
Collaborate with suppliers to create value, drive innovation, and mitigate risk.
Incorporate supplier risk assessments results into agreements, working with colleagues in Legal & Regulatory Compliance, and Risk
4. Support Areas (RSAs) and engaging with Third Party Risk support teams.
Maintain awareness of supplier performance and consider controls in contracts to ensure alignment with Bank's standards.
5. Data-Driven Insights & Continuous Improvement
Conduct analysis to inform strategic recommendations and develop business cases.
Use performance metrics and dashboards to track progress and identify opportunities, including a sourcing pipeline of supplier agreements.
Brings a mindset of continuous improvement and change leadership, proactively identifying opportunities to enhance processes and drive meaningful impact.
Stay current on leading procurement practices and sourcing methodologies.
Qualifications:
PERSONALITY PROFILE:
Communicates clearly - both in conversation and writing.
Is curious, adaptable, and thrives in ambiguity - seeking new perspectives and better ways of doing things.
Builds relationships easily and enjoys solving complex problems - collaborating as One Bank to deliver results.
Has a growth mindset, takes responsibility, and is eager to learn and contribute.
Is organized, analytical, and comfortable working across diverse teams and viewpoints.
Solution oriented, able to problem solve without much oversight
Able to build trusting relationships with business partners
Takes accountability
Attention to detail
MUST HAVE SKILLS:
3-5 years of relevant experience in strategic sourcing, procurement and contract negotiations
Strong knowledge of sourcing/procurement processes and controls.
Skilled in contract negotiation, business analysis, and project delivery.
Strong communication, collaboration, and influence skills.
Comfortable making data-driven decisions and synthesizing insights from research.
Proficient in Excel and data analysis.
Ability to build a strategic plan based on analysis without much oversight
Able to lead an end-to-end sourcing and contract negotiation process
Experience in a large complex organization and regulatory environment
NICE TO HAVE SKILLS:
Banking/FI experience
Post-secondary degree in a related field or equivalent combination of education and experience.
Please note that this is the most up to date version of job description available at this time - During Client Interview you will receive additional information - variance may apply!
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