Strategic Sourcing Manager

Our Client, a Banking company, is looking for a Strategic Sourcing Manager for their Toronto, ON/Hybrid location.

Responsibilities:

1. Act as liaison with business / executives and provide sourcing expertise and recommendations to business partners to optimize Sourcing strategies to enable Client and business specific objectives and goals.
2. Manage category and strategic sourcing strategies and initiatives that support Client and business partner needs and objectives as well as help to mitigate risks to the organization.
3. Lead supplier negotiations to maximize total cost of ownership in a given category and work with business partners.
4. Adhere to enterprise frameworks or methodologies that relate to sourcing activities for our business area.
5. Ensure respective sourcing programs/policies/practices are well managed, meet business needs, comply with internal and external requirements, and align with business priorities.
6. Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals, and physical control of assets).
7. Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements.
8. Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.
9. Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation, and teamwork and ensure timely communication of issues/points of interest.
10. Contribute to a fair, positive and equitable environment that supports a diverse workforce.
11. Highly seasoned professional role requiring substantial knowledge of Sourcing and procurement and/or knowledge of broader related areas.
12. Convert information to compelling business context and advice; influence and gain alignment across increasingly senior stakeholders.
13. Work autonomously as the lead and guide others within the area of expertise.
14. Integrate knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations.
15. Interpret internal/external business challenges and the industry environment, recommend course of action and best practices to improve products, processes or services.

Requirements:

1. Advance Negotiation Skills: Proficient in negotiating complex contracts and terms for IT solutions.
2. Excellent relationship management and presentation skills.
3. Experience managing senior executive relationships.
4. Strategic Sourcing: Developing and implementing sourcing strategies aligned with business goals.
5. Supplier Development: Working closely with suppliers to improve quality, costs, and delivery performance.
6. Risk Management: Identifying and mitigating risks related to sourcing and supply chain disruptions.
7. Contract Negotiation and Management: Managing complex contracts, including terms, conditions, and performance metrics.
8. Nice to have: Ariba SAP & Coupa risk.
9. Contract Management Negotiations Experience: 5 years.
10. Experience with supplier management, risk management, regulatory compliance or outsourcing: 5 years.
11. Strategic Sourcing: 5 years.
12. Vendor Management Experience: 5 years.
13. Ariba and Coupa Risk Experience: 1 year.

Why Should You Apply?

1. Health Benefits
2. Referral Program
3. Excellent growth and advancement opportunities.

As an equal opportunity employer, ICONMA provides an employment environment that supports and encourages the abilities of all persons without regard to race, color, religion, gender, sexual orientation, gender identity or expression, ethnicity, national origin, age, disability status, political affiliation, genetics, marital status, protected veteran status, or any other characteristic protected by federal, state, or local laws.