Scotiabank

Director, AI & Emerging Technology Sourcing

Scotiabank • $130K — $180K *
Toronto, ON M3C 0E3In-Person
Enterprise Technology
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 10+ years of strategic sourcing or procurement experience, particularly in AI, SaaS, cloud, or data platforms.
  • Bachelor's degree; advanced degrees or AI-related certifications are advantageous.
  • Experience leading teams in fast-evolving categories, focusing on coaching and development.
  • Deep understanding of AI/ML commercial concepts, including pricing and licensing.
  • Familiar with AI trends such as foundation models and responsible AI frameworks.
  • Proficient in negotiating with sophisticated tech vendors and influencing senior stakeholders.
  • Experience in total cost of ownership modeling and pricing scenario analysis.

Responsibilities

  • Develop and oversee the sourcing strategy for AI and emerging technology categories.
  • Lead and mentor a dedicated team, fostering an inclusive and high-performing culture.
  • Advise executives on sourcing decisions regarding AI tech based on market dynamics.
  • Negotiate complex commercial terms with leading AI vendors and hyperscalers.
  • Collaborate with various teams to align AI sourcing with regulatory and governance frameworks.
  • Establish commercial guidelines for enterprise AI deployment and vendor evaluation.
  • Maintain robust relationships with strategic AI partners, focusing on innovation and governance.

Benefits

  • Involvement in transformative AI initiatives shaping Scotiabank's technology partnerships.
  • Significant engagement and visibility with upper management in Technology and Procurement.
  • Opportunity to create a blueprint for AI sourcing in the banking sector.
  • Clear pathways for career advancement and professional growth opportunities.
  • Commitment to community impact and employee wellbeing through diverse initiatives.
  • Comprehensive benefits starting from day one, including flexible vacation and personal time.
  • Focus on diversity, equity, inclusion, and support for accessibility in the workplace.
Full Job Description
Requisition ID: 267425

The Role

Lead the sourcing strategy behind Scotiabank's AI journey

AI is redefining how banks operate, serve clients, and manage risk - and Scotiabank is investing boldly. As Director, AI & Emerging Technology Sourcing, you'll set the commercial strategy for the partnerships powering our AI journey: foundation model providers, AI platforms, GPU compute, data platforms, and the next wave of agentic and generative capabilities.

This is a rare opportunity to lead at the intersection of procurement, technology, and innovation - building the Bank's commercial playbook for AI, negotiating with the world's leading AI companies, and helping Scotiabank scale responsibly, commercially, and safely. You'll also build and lead a specialized team focused on this fast-moving category.

Is this role right for you? In this role you will:

  • Own sourcing strategy for AI and emerging tech categories including LLM providers, AI platforms, GPU/compute infrastructure, vector databases, and AI-enabled SaaS.
  • Build and lead a high-performing team dedicated to AI and emerging tech sourcing; coach for both performance and long-term development and foster an inclusive culture.
  • Serve as the Bank's senior commercial voice on AI sourcing: advising Technology, Data, and business executives on build vs. buy vs. partner decisions and deal structures that preserve optionality in a fast-moving market.
  • Decode and negotiate complex commercial models: token-based pricing, consumption tiers, committed use discounts, enterprise agreements, model access rights, fine-tuning economics, and reserved capacity.
  • Lead high-stakes negotiations with hyperscalers and AI-native vendors: balancing cost, model performance, data rights, IP protection, indemnification, and responsible AI commitments.
  • Partner with Technology, Data, Legal, Privacy, Risk, and Model Risk Management to ensure AI sourcing aligns with regulatory expectations and internal AI governance - consistent with the Bank's risk appetite, Operational Risk, Regulatory Compliance, and Conduct Risk frameworks.
  • Shape commercial guardrails for enterprise AI adoption: evaluation criteria, benchmarking clauses, exit rights, audit rights, and data/model portability.
  • Build market intelligence on the AI vendor landscape: pricing trends, benchmark deals, model capability, and competitive positioning across peer banks.
  • Own executive-level supplier relationships with strategic AI partners - governance, escalations, and innovation opportunities.
  • Track and report benefits, risks, and commitments across the AI sourcing pipeline with executive-ready transparency.
  • Understand how the Bank's risk appetite, risk culture and risk policies & processes should be considered/adhered to in day-to-day activities and decisions.
  • Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
  • Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.


Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

  • Minimum 10 years of progressive strategic sourcing / procurement experience, with clear exposure to AI, SaaS, cloud, or data platform deals.
  • Bachelor's degree required; CPM, CPSM, CIPS, or equivalent designation preferred. Advanced degree or AI-related certifications are an asset.
  • People leadership experience - building and coaching teams, ideally in emerging or fast-evolving categories.
  • Strong grasp of AI/ML commercial constructs - token pricing, inference vs. training costs, model licensing, data usage rights, and hyperscaler AI services.
  • Curiosity and fluency in AI trends - foundation models, agentic AI, RAG, fine-tuning, and responsible AI frameworks.
  • Proven ability to negotiate with sophisticated tech vendors and influence VP/SVP/EVP stakeholders through ambiguity and change.
  • Hands-on with TCO modelling, benchmarking, and scenario analysis for novel pricing models.
  • Awareness of third-party AI risk, model risk management, and evolving AI regulation in financial services.
  • Clear executive presence, results orientation, and demonstrated ability to drive rapid and significant change.


What's in it for you?

  • Front-row seat to AI transformation directly shape how Scotiabank partners with leading AI companies.
  • Executive visibility through regular engagement with Technology, Data, and Procurement leadership.
  • Category-defining work: build the commercial playbook for AI sourcing in banking.
  • A rewarding career path with diverse opportunities for professional development
  • An organization committed to making a difference in our communities - for you and our customers.
  • A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
  • Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
  • Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.


#PCMT2026

Location(s): Canada : Ontario : Toronto

About Scotiabank

Scotiabankers are committed to helping individuals, companies, and communities to thrive in a changing world. From personal and business banking, brokerage, and insurance, to private wealth, and the most sophisticated commercial, corporate and institutional services, they serve the diverse needs of some 21 million customers in more than 55 countries. Founded in 1832 in Halifax, Nova Scotia, their growth has always been fuelled by the success of their customers and their longevity secured by an unshakable commitment to carefully and expertly managing risk and capital. That focus on doing what's right for customers—short- andlong-term—has made us a global financial services leader. Headquartered in Canada, they are over 86, 000 Scotiabankers strong. Each of us are committed to being the best at understanding their customers' needs and all of us working together to deliver practical advice and relevant solutions that help their customers become financially better off.

Scotiabank Careers

Join Scotiabank, a premier financial institution, and become part of a diverse and inclusive team that’s leading the way in global banking. At Scotiabank, we offer more than just job opportunities; we provide a platform for professional growth and innovation in the financial services industry.

Work You’ll Do

At Scotiabank, we’re not just filling positions; we’re cultivating leaders. Dive into a workplace where diversity training and leadership development shape the path to your future. Our commitment to professional growth is evident in our robust training programs and continuous learning opportunities that foster innovation and strategic thinking.

Explore a World of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Scotiabank has a spectrum of opportunities to fit your career ambitions. Our team is composed of individuals who bring a wealth of skills and perspectives to our company, driving us forward with their creativity and strategic insights.

Innovative Work Environment

Scotiabank’s culture is one of collaboration and respect, where each team member’s contribution is valued. Engage in meaningful work that challenges you to leverage your skills and push the boundaries of what’s possible in the banking sector. Our innovative projects not only support the growth of the company but also ensure our position as a leader in the industry.

Benefits and Growth

Choosing a career at Scotiabank means opting for a life of growth and opportunity. Our employees enjoy competitive benefits, including comprehensive health coverage, retirement plans, and flexible working conditions, all designed to support your career and personal life. We believe in nurturing our team’s potential by providing them with the tools they need to succeed both professionally and personally.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Scotiabank by searching our open positions that match your skills and interests. We are continuously hiring and looking for passionate, curious, and solution-driven team players.

Networking and Professional Development

Stay connected and advance your career through Scotiabank’s extensive networking opportunities. Participate in events that connect you with other professionals and leaders within the industry. Our career resources will help you prepare your resume, ace your interviews, and land the job that best suits your career goals.

Stay Ahead

Keep up to date with the latest in career tips, industry insights, and company news—all from the people who work here at Scotiabank. Personalize your experience by subscribing to job alert emails tailored to your preferences and be the first to know about new openings and exciting developments. Join Scotiabank and be part of a team that values integrity, respect, and accountability. Discover how your career can flourish in an environment committed to your professional development and personal growth.
Learn more about Scotiabank
Size
90,619 employees
Market Cap
$57.5 billion
Industry
Finance & Insurance
5 Year Trend
+7%
NASDAQ
BNS
* Ladders Estimates

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