Strategic Sourcing Manager II

Work Location:

Toronto, Ontario, Canada

Hours:

37.5

Line of Business:

Procurement & Sourcing

Pay Details:

$96,900 - $136,800 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

The Strategic Sourcing Manager is a strategic, results-driven sourcing professional responsible for technology categories including infrastructure, engineering, network services, private and public cloud, data centers, employee enablement tools and storage. Working in collaboration with business partners, technology stakeholders, enterprise control functions, vendor management and suppliers, this role develops and executes sourcing strategies that deliver sustainable value through proactive pipeline planning, market intelligence, supplier selection, commercial negotiation, contract execution readiness and total cost of ownership analysis. The role also supports risk management, governance requirements and enterprise objectives, requiring strong communication, stakeholder management and influencing skills, along with awareness of emerging technology trends, including AI-enabled tools.

CUSTOMER

• Act as a liaison with business partners, providing direction and support to enable TD and business-specific objectives and goals
• Present research findings and make recommendations to management that support category and business partner strategies
• Develop sourcing pipelines and category strategies for assigned technology categories in partnership with business, technology, vendor management, risk and enterprise stakeholders
• Lead requirements gathering, supplier evaluation and supplier selection activities to support informed procurement decisions
• Drive value through early engagement, market knowledge, commercial acumen, pricing analysis and total cost of ownership considerations
• Lead RFx, supplier negotiation and deal structuring activities, including commercial terms, contract terms, supplier risk and governance considerations, while driving negotiations to conclusion within required cycle times
• Deliver effective sourcing services to business partners and support timely resolution of sourcing, contracting and procurement-related issues through deal execution

SHAREHOLDER

• Ensure work adheres to enterprise frameworks and methodologies related to overall business management activities
• Lead relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
• Partner with vendor management throughout the sourcing lifecycle to align on supplier risk, approval readiness and transition of executed agreements for post-signature oversight
• Recommend and implement sourcing process improvements that enhance efficiency, transparency, control effectiveness and stakeholder experience
• Stay knowledgeable on emerging issues, trends and evolving regulatory requirements and assess potential impacts to the Bank
• Assess / identify key issues and escalate to appropriate levels and relevant stakeholders and business management where required
• Identify, mitigate and report on risk issues per enterprise policy / guidance and ensure appropriate escalation processes are followed
• 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)
• Lead or contribute to cross-functional / enterprise initiatives as an organizational or subject matter expert helping to identify risk / provide guidance for complex situations
• Protect the interests of the organization – identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary
• Support the facilitation of action plans to address sourcing, risk, governance or approval-related issues identified during the procurement lifecycle
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite

EMPLOYEE / TEAM

• Cultivate and model the Colleague Promise to support a culture of care, make an impact at work and in our communities, and represent TD's brand
• Connect individual contributions with the TD Shared Commitments
• Contribute to an inclusive and collaborative environment where colleagues and customers are valued, respected and listened to
• Demonstrate inclusive behaviours by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity and collaboration to drive successful results
• Enable a continuous learning culture by proactively seeking, listening to and actioning feedback from peers and colleagues to continuously improve the colleague experience and grow personal leadership
• Share knowledge, information, skills and subject matter expertise; support timely escalation of issues and collaboration with other functions and teams
• Lead through change by modeling resiliency and flexibility, adapting to changing priorities and supporting innovation

BREADTH & DEPTH

• Engage with professionals across a diverse area of moderate risk, complexity or scope to support project / initiative success and achieve business results
• Ensure an integrated approach with other business areas, broader organization, and enterprise as appropriate
• Coordinate and prioritize multiple initiatives and manage competing timelines
• Establish effective relationships with stakeholders, business sponsors, executives and LOBs
• Provide support and contribute to the overall discipline and strategy for respective areas
• Deep knowledge and understanding of businesses / technology, and organizational practices/ disciplines
• Applies market intelligence and knowledge of external competition, industry trends and technology supplier ecosystems to inform sourcing strategies, supplier decisions and risk considerations
• Demonstrates awareness of AI-enabled tools, vendor capabilities and evolving technology trends, including how AI may be incorporated into technology solutions and the related commercial, risk and scalability considerations
• Operates effectively in a fast-paced, highly regulated environment with moderate to high complexity, multiple stakeholders and evolving business priorities
• Generally reports to a Senior Group Manager, Strategic Sourcing

EXPERIENCE AND / OR EDUCATION

• Post-Secondary Education and / or
• 7+ years of related experience
• Demonstrated experience with strategic sourcing practices, RFx execution, supplier negotiations, contract interpretation and procurement tools such as SAP Ariba and Coupa
• Experience working in a highly regulated environment with strong commercial acumen, analytical capability and stakeholder management skills
• Strong understanding of contract terms, deal structure, supplier risk considerations and technology procurement lifecycle requirements

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Sans Objet