Strategic Sourcing Manager II

Work Location:
Mississauga, 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:

Job Description

The Strategic Sourcing Manager, Global Sourcing, is a strategic, results-driven individual, who works in collaboration with business partners, TD preferred Global Sourcing and Consulting suppliers, and new suppliers, to develop and implement best in class sourcing and vendor management practices and solutions, that will enable sustainable value to the organization by optimizing solutions and contracts and supplier management, while mitigating supply-related risks. There are many people across the organization who are engaged in supplier selection and managing our vendors. This role will be integrated into a team of Strategic Sourcing Professionals and will be focused on developing and managing a proactive approach for our preferred Global Sourcing and Consulting suppliers across the organization that will include defining management and reporting of suppliers across the organization Application, Development and Maintenance (ADM), and Business Process Outsourcing (BPO) space performance. In this capacity, the Strategic Sourcing Manager will interface with stakeholders at all levels across the organization, subject matter experts, other members of Procurement and suppliers, to source, develop, implement, and manage suppliers and their solutions/services.

The Strategic Sourcing Manager supports the Senior Manager in developing and implementing the sub-category strategy as part of the overall Global Delivery and Consulting Procurement Category Strategy in the Infrastructure portfolio. The role requires an experienced strategic, results-driven team player who works in collaboration with all Procurement teams, enterprise control functions, business unit leaders, business partners, TD suppliers and external parties to deliver sustainable value to the Bank and business units by meeting timelines and reducing 3rd-party spend and total cost of ownership while maintaining compliance with TD and regulatory policies.

The Strategic Sourcing Manager supports business partners by developing strategies that support business specific objectives and goals, as well as helping to mitigate risks to the business and the Bank.

• Proactively engage business leaders to understand their business strategies and objectives
• Proactively manage the 3rd-party expenditure assigned and associated key suppliers to create P&L impacting value
• Develop Infrastructure Procurement pipeline and sourcing strategies for the Global Delivery and Consulting categories
• Drive value in supply chain/total cost of ownership sourcing initiatives through early engagement, commercial acumen and market knowledge in Global Delivery and Consulting (including ADM and BPO). Activities also include requirements gathering, solution/supplier evaluations and supplier selection activities
• Proactively conduct Infrastructure market intelligence activities including industry, supply market and supply chain research/analytics, category sourcing and outsourcing trends and best practices and share knowledge, insight and advice with business in a way that contributes to their long term business strategies
• Provide guidance and insight on Consulting, Global Delivery, ADM and BPO governance best practices and provide counsel to business
• Recommend and implement solutions/process improvements
• Effectively organize, influence and manage internal/external stakeholder groups
• Support internal Bank partners by leading/contributing to the supplier negotiation process to maximize price/performance and providing guidance on deal structure
• Oversee and manage the supplier selection process for the procurement of a variety of products/services, predominantly focused on Global Delivery and Consulting infrastructure but may include software, cloud solutions and third party hosted or managed solutions.
• Negotiate favorable contract terms for Low and Medium engagement and with support from TD Legal for High rated engagements
• Ensure effective delivery of Procurement services to business partners and ensure prompt and thorough resolution of all client issues

Job Requirements

• Post Secondary education/or equivalent experience
• Demonstrated experience of Procurement/Sourcing practices in the Consulting and Global Delivery space which includes ADM and BPO
• Demonstrated experience of TD's Risk Appetite Framework, TD's Supplier Risk Management policies and Outsourcing guidelines
• Knowledge and understanding of Procurement/Sourcing Consulting and Global Sourcing Program and Transition Methodology
• Knowledge and understanding of the Supplier Management discipline, including experience as a Supplier Manager
• Strong commercial acumen and business judgment
• Strong drive and determination to flawlessly execute and deliver
• Strong aptitude to impact and influence, written/verbal communication, negotiation, and presentation skills
• Proven experience managing stakeholders and external 3rd-parties
• Proven experience in business planning and delivery of objectives
• Experience in Project Management with strong analytical skills
• Strong understanding of contract law as it applies to the Global Delivery industry
• Strong understanding of writing and interpreting Contracts
• Strong time management and decisiveness skills

Other Qualifications/Skills/Experience

• Demonstrated experience of Procurement/Sourcing practices and tools including SAP Ariba
• Experience working in a highly regulated environment
• Strong commercial acumen and business judgment
• Drive and determined attitude to flawless execution
• Demonstrated influencing, negotiation and presentation skills
• Strong written and verbal communications skills
• Proven experience managing and leading high performing teams
• Proven experience in business planning and delivery of objectives
• Demonstrated stakeholder/relationship management and networking skills
• Strong analytical skills
• General knowledge of the TDBG organizational structure, including main business groups and their functions
• Strong Contract Management skills

Additional Information:

• This role is a front line position in a busy shop in a complex and heavily regulated industry that demands your ability to hit the ground running and persuasively steer both customers and vendors to desired outcomes
• The team requires a motivated, self-starter that is able to adapt to and champion ongoing change. You will be working in a dynamic and fast paced environment where the ability to remain focused on the end game.

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