Contract Duration: 6 months
Possibility of extension
Number of Positions: 1
Schedule Hours: 9am-5pm Monday-Friday; standard 37.5 hrs/week
Reason: Additional workload
Candidate Value Proposition:
The successful candidate will have the opportunity to support a BL that is transforming US based operations – lots of exposure to US based partners – be part of a transformative initiative, working for a top 5 Canadian Bank.
Typical Day in Role:
– Major IT Software Sourcing categories maintenance and support services); Software and Cloud
– Triage incoming software sourcing intake request and recommend distribution of software sub-categories such as databases, end user computing, integration, business process management, etc.
– Develop relationships with IT leaders to support enterprise objectives, influence key stakeholders and jointly develop strategic sourcing strategies while collaborating on sourcing initiatives and projects
– Collaborate with Business Unit and Operations leaders to fully understand key business drivers, spend drivers, and achieve required support levels
– Lead business value through the development of high quality and cost effective supply relationships, while pursuing and championing total cost of ownership (TCO) savings directly by savings captured through leveraging Bank-wide purchasing volume, strategic supplier relationships, demand management or indirect savings realized by driving innovation and or enhancing the overall effectiveness of the supply management process???
– Directly lead and implement best practices in sourcing initiatives
– Manage SaaS in the technology software sourcing category within and across the Bank’s business segments, and serve as a key contributor to a well-developed and evolving supplier management process
– Track sourcing initiatives for multi-functional stakeholder teams, ensuring effective strategy development, market assessments, RFP processes, contract and supplier negotiation, and supplier management while enabling collaboration and innovation between stakeholders and suppliers
– Proactively work with the Business Line VMOs and contract owners to understand business needs, business strategy, and pipeline of contract renewals to build an overall supplier contract strategy (consolidate and reduce contracts where opportunity exists)
– Identify cost savings opportunities and contribute to drive cost savings across all business segments
Candidate Requirements/Must Have Skills:
1) 3+ years’ experience as a Sourcing Specialist
2) Experience in sourcing/procurement from technology space (e.g. has worked with Oracle, IBM, CGI, TechM) either working in those organizations or having used the technologies
Nice-To-Have Skills:
1) Experience from Financial Institutions, can come from tier 2 finance or insurance as well
2) Experience with Coupa
3) Experience with ServiceNow
4) Progressive software technology sourcing experience an asset
Soft Skills Required:
• Strong communication skills (verbal, written)
• Presentation skills (putting together PPT and presenting)
• Good stakeholder management skills (can move things forward with minimal hand holding)
Education:
Bachelor’s degree business, finance, computer engineering or related field
Best VS. Average Candidate:
Progressive software technology sourcing experience an asset, additional to a traditional sourcing/procurement trajectory– someone who can understand and explain the Tech contracts, someone who has been in the Services industry and can understand specialization in financial industry so they can hit the ground running; stakeholder management skills: is able to move the audience along
Candidate Review & Selection
2 rounds – 1st video 2nd in person
1st – Video MS Teams Interview – 45 minutes – with HM and Director or VP
2nd round – 45 minutes – in person – 150 King Street W 26th floor with HM and Director or VP – potential use case shared after 1st rounds (talk through approach, candidate to present recommendations)
Hiring Manager’s availability to interview: ASAP