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Manager, Sourcing – Global Procurement Services

Requisition ID: 97681Join the Global Community of Scotiabankers to help customers become better off.


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.


What you’ll do in this role?

• 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 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

• 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, 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

• 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

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions

• Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day 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 BusinessConduct


What we’re looking for?

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, not required
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 develop analyses and insights into supply market trends
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

This position is located in downtown, Toronto

Location(s):  Canada : Ontario : Toronto 

As Canada’s International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.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.

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