Scotiabank

Director, Technology Sourcing

Scotiabank • $120K — $150K *
Toronto, ON M3C 0E3In-Person
Enterprise Technology
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 10+ years in strategic sourcing or procurement, preferably in technology categories.
  • Bachelor's degree required; certifications like CPM or CIPS preferred.
  • Experience building and leading high-performance teams in matrixed organizations.
  • Expertise in SaaS pricing and cloud consumption economics.
  • Proven record of influencing senior stakeholders and managing strategic supplier relationships.
  • Strong negotiation skills with a focus on creating measurable value.
  • Familiar with spend analytics and third-party risk management.

Responsibilities

  • Set and own the global Technology category portfolio strategy and priorities.
  • Lead and develop a high-performing team of sourcing professionals.
  • Engage with senior executives to advise on supplier strategy and risk management.
  • Direct end-to-end sourcing for major technology deals, from market analysis to negotiation.
  • Shape category strategies based on market trends and spend analysis.
  • Manage executive-level supplier relationships to drive performance and innovation.
  • Drive portfolio optimization including renewals and vendor rationalization.

Benefits

  • The opportunity to impact billions in technology spend for the organization.
  • Direct engagement with senior leadership teams.
  • Diverse career development opportunities for professional growth.
  • A commitment to community involvement and social impact.
  • Comprehensive benefits starting from the first day, plus a competitive rewards program.
  • Focus on diversity, equity, and inclusion, offering a supportive workplace culture.
  • Accessible and inclusive work environment with accommodations as needed.
Full Job Description
Requisition ID: 267424

The Role

Lead Technology Sourcing at Scotiabank

Scotiabank's Procurement function is at a pivotal moment - driving strategic value, commercial discipline, and innovation as the Bank accelerates its digital and AI transformation. As Director, Technology Sourcing & Supplier Management, you'll lead sourcing strategy and supplier management for the Bank's global Technology portfolio - one of our largest, fastest-evolving, and highest-impact spend categories.

You'll set direction across SaaS, cloud & hyperscalers, infrastructure, software, IT labour, networks, and emerging tech, and lead a high-performing team of sourcing professionals. Partnering with Technology, Risk, Legal, Finance, and senior business leaders, you'll shape enterprise-wide commercial strategies, negotiate the Bank's most strategic technology agreements, and ensure Procurement is a trusted advisor to the business.

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

  • Own the global Technology category portfolio: set strategy, priorities, and multi-year roadmaps aligned to Technology and enterprise objectives.
  • Lead, coach, and develop a team of Senior Managers and Managers; build succession, deepen bench strength, and foster an inclusive, high-performance culture.
  • Engage senior executives (VP/SVP/EVP) across Technology and business lines as a trusted commercial advisor on supplier strategy, risk, and spend.
  • Direct end-to-end sourcing for the Bank's largest technology deals from opportunity assessment and market intelligence through negotiation, contracting, and benefits realization.
  • Shape category strategies across SaaS, cloud, software licensing, IT professional services, infrastructure, and telecom anchored in spend analysis, supplier capability, TCO, and market trends.
  • Lead high-stakes negotiations balancing TCO, consumption vs. subscription models, service levels, flexibility, exit rights, and long-term business needs.
  • Own strategic supplier relationships at the executive level: performance governance, escalations, innovation partnerships, and continuous improvement.
  • Drive portfolio optimization: renewals, consolidation, license and vendor rationalization, and demand management across the enterprise.
  • Partner with Third-Party Risk, Legal, Compliance, and Finance to ensure alignment with policy, regulatory expectations, and the Bank's risk appetite - including obligations under the Operational Risk, Regulatory Compliance, AML/ATF, and Conduct Risk frameworks.
  • Champion procurement best practices: category planning, SRM, negotiation excellence, benefits realization, and disciplined pipeline execution.
  • Ensure consistent application of Procurement processes across business lines and geographies.
  • 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, including meaningful leadership of enterprise technology categories.
  • Bachelor's degree required; CPM, CPSM, CIPS, or equivalent designation preferred.
  • People leadership experience : building, coaching, and developing high-performing teams in complex, matrixed organizations.
  • Deep expertise in SaaS pricing models, cloud consumption economics, software licensing (perpetual, subscription, token-based), IT labour rate cards, MSA/SOW constructs, and hyperscaler agreements.
  • Proven ability to lead strategic supplier relationships at the executive level and influence VP/SVP/EVP stakeholders.
  • Strong commercial acumen, negotiation capability, and strategic thinking, with a track record of driving significant, measurable value.
  • Hands-on with spend analytics, supplier segmentation, TCO modelling, and benchmarking.
  • Understanding of third-party risk and regulatory expectations in financial services (or another regulated environment).
  • Familiarity with e-sourcing, CLM, and supplier management platforms.
  • Clear executive presence, results orientation, and demonstrated ability to drive rapid and significant change.


What's in it for you?

  • Enterprise impact: shape sourcing strategy across billions in technology spend.
  • Executive visibility: direct engagement with Technology and Procurement leadership.
  • 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.


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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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