Job Information
Scotiabank Manager, Technology Sourcing in Toronto, Ontario
Manager, Technology Sourcing
Requisition ID: 208455
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 Technology Sourcing and project activities while working closely with senior business unit leadership and other sourcing leaders. The Technology Sourcing Manager will collaborate with senior business unit leadership and sourcing leaders in pursuit of improvements in quality, innovation, and service levels. The Technology 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 this role will consistently drives reductions in the total cost of goods and services procured. Manage and own the category management activities within the Bank related to IT.
Is this role right for you? In this role, you will:
Create relationships with IT 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 Bank-wide 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 related to IT
Manage category within and across the Bank’s business segments, and serve as a key contributor to a well-developed and evolving supplier management process
Track sourcing initiatives for multi-functional stakeholder teams, ensuring effective strategy development, market assessments, RFP processes, contract and supplier negotiation, and supplier management while enabling collaboration and innovation between stakeholders and suppliers
Establish and develop on-going strategic relationships with key suppliers during major sourcing/project initiatives
Proactively work with the Business Line VMOs and contract owners to understand business needs, business strategy, and pipeline of contract renewals to build an overall supplier contract strategy (consolidate and reduce contracts where opportunity exists)
Consolidate information around performance and renewals and support Category Sourcing leads to inform category sourcing and supplier strategies
Develop Top-to-Top Enterprise Supplier Meeting facilitation materials and conduct Top-to-Top Supplier Meetings for enterprise suppliers
Act as the issues/incident escalation point for the supplier that may have an enterprise wide impact or not resolved at the business level
Contribute to a disciplined effort to influence spend and drive cost savings across all business segments
Support consistent application of procurement processes across constituent groups
Do you have the skills that will enable you to succeed in this role? We’d love to work with you if you have experience with:
Skilled in facilitating communication among Sourcing, IT, business, and legal teams to effectively structure contracts that meet the bank’s requirements.
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
Ability to provide both technical and managerial leadership to their organization
Strong business acumen and strategic thinking skills
Ability to develop analyses and insights into supply market trends
Knowledge and experience with state-of-the-art procurement and analysis technologies
Knowledge and understanding of emerging IT and related architecture
Demonstrated leading Strategic Sourcing and/or strategic supplier relationships
Proven ability to develop and execute formal negotiations for IT agreements
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
What's in it for you?
The opportunity to join a forward-thinking and collaborative team, surrounded by innovative thinkers.
A rewarding career path with diverse opportunities for professional development
Internal training to support your growth and enhance your skills.
An inclusive working environment that encourages creativity, curiosity, and celebrates success!
Work in an Ecosystem where you’ll have access to group seating, offices, collaboration spaces, a cafeteria with different options daily, and more.
Hybrid Work Environment
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, pleaseclick here (https://www.scotiabank.com/careers/en/careers/technical-support-for-applicants.html) . 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.
