Senior Manager, Strategic Sourcing

Role overview

Sourcing and commercial delivery

• Lead end-to-end sourcing from opportunity assessment and market intelligence through negotiation, contracting, and benefits realization.
• Build technology category strategies using spend analysis, supplier capability, and market trends.
• Design and run RFI/RFP/RFQ events, including evaluation frameworks, shortlisting, negotiation strategy, and award recommendations.
• Negotiate agreements balancing total cost of ownership, consumption versus subscription models, service levels, flexibility, exit rights, and long-term business needs.
• Identify renewal, consolidation, license rationalization, and vendor rationalization opportunities.
• Manage supplier performance, escalations, executive engagement, and continuous improvement.
• Track and report pipeline, benefits, milestones, and commitments.

Risk, partnerships, and leadership

• Partner with Third-Party Risk, Legal, Compliance, and Finance to align with policy, regulatory expectations, and the Bank’s risk appetite.
• Advise Technology stakeholders and serve as an escalation point for commercial and supplier matters with enterprise impact.
• Ensure day-to-day controls address operational risk, regulatory compliance, AML/ATF, and conduct obligations.
• Develop an inclusive, high-performance team through coaching, communication, succession planning, and employee development.

Qualifications

• Bachelor's degree in Business, Supply Chain, Finance, or a related field; CPSM, CIPS, or equivalent is preferred.
• 5–10+ years of progressive strategic sourcing, category management, or supplier management experience, including meaningful technology category exposure.
• Deep familiarity with SaaS pricing, cloud consumption economics, software licensing, IT labour rate cards, and MSA/SOW constructs.
• Strong commercial acumen and negotiation capability, supported by data-driven recommendations.
• Ability to influence VP/SVP stakeholders and lead cross-functional teams through ambiguity.
• Hands-on experience with spend analytics, supplier segmentation, TCO modelling, and benchmarking.
• Understanding of third-party risk and regulatory expectations in a regulated environment is an asset.
• Familiarity with e-sourcing, CLM, and supplier management platforms.

What the employer offers

• Career development opportunities and a competitive rewards program that includes an annual bonus.