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Strategic Sourcing Manager (Human Resources Category)

Job ID: 25-11655
Job Title: Strategic Sourcing Manager (Human Resources Category)
Location: Toronto, ON (3 days in office currently but moving to 4 days in the near future)
Duration: 6 months
Contract Type: T4 only
Pay Rate: $44.82 - $50.34/Hour
Working hours: 37.5 hours weekly
 
Role Responsibilities:
Strategic Leadership & Advisory
  • Act as a trusted advisor to business partners, primarily within People & Culture.
  • Influence and negotiate to achieve business and cost management objectives.
  • Recommend and implement sourcing solutions based on strategic analysis.
  • Assist in developing long-term sourcing plans aligned with enterprise goals.
  • Identify emerging trends and issues to inform decision-making.
 
Sourcing Strategy & Execution
  • Lead end-to-end sourcing initiatives, including competitive events (RFI/RFP), supplier selection, and contract negotiations.
  • Develop and execute category management frameworks and sourcing strategies.
  • Conduct market assessments to identify preferred suppliers and evaluate risk.
  • Apply disciplined procurement methodologies and ensure compliance with policies.
  • Manage multiple sourcing projects simultaneously, resolving conflicting priorities.
 
Supplier Relationship & Risk Considerations
  • Build strong relationships with internal stakeholders and external suppliers.
  • Collaborate with suppliers to create value, drive innovation, and mitigate risk.
  • Incorporate supplier risk assessments results into agreements, working with colleagues in Legal & Regulatory Compliance, and Risk 4. Support Areas (RSAs) and engaging with Third Party Risk support teams.
  • Maintain awareness of supplier performance, and consider controls in contracts to ensure alignment with Client’s standards.
 
Data-Driven Insights & Continuous Improvement
  • Conduct analysis to inform strategic recommendations and develop business cases.
  • Use performance metrics and dashboards to track progress and identify opportunities, including a sourcing pipeline of supplier agreements.
  • Brings a mindset of continuous improvement and change leadership, proactively identifying opportunities to enhance processes and drive meaningful impact.
  • Stay current on leading procurement practices and sourcing methodologies.
 
Must Have Skills:
  • 3-5 years of relevant experience in strategic sourcing, procurement and contract negotiations
  • Strong knowledge of sourcing/procurement processes and controls.
  • Skilled in contract negotiation, business analysis, and project delivery.
  • Strong communication, collaboration, and influence skills.
  • Comfortable making data-driven decisions and synthesizing insights from research.
  • Proficient in Excel and data analysis.
  • Ability to build a strategic plan based on analysis without much oversight
  • Able to lead an end-to-end sourcing and contract negotiation process
  • Experience in a large complex organization and regulatory environment
 
Nice to Have Skills:
  • Banking/FI experience
  • Post-secondary degree in a related field or equivalent combination of education and experience.
     
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