Bank of Montreal

Director, Vendor Management Office

Bank of Montreal$110K — $192K *
Business Services
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 9+ years of relevant experience or equivalent education experience
  • Expert knowledge and experience in managing vendor programs
  • Extensive industry knowledge with a strong thought leadership profile
  • Exceptional verbal and written communication skills
  • Expert analytical and problem-solving skills
  • Strong influencing and collaboration skills
  • Ability to manage ambiguity and make data-driven decisions

Responsibilities

  • Lead a team overseeing vendor management and third-party risk activities
  • Develop and manage vendor management programs to enhance service delivery
  • Conduct periodic program reviews and recommend enhancements
  • Build and maintain relationships with internal and external stakeholders
  • Monitor supplier performance and address issues proactively
  • Ensure compliance with contract management and regulatory standards
  • Prepare financial reports and oversee budget execution

Benefits

  • Health insurance and retirement savings plans
  • Tuition reimbursement and professional development opportunities
  • Performance-based incentives and discretionary bonuses
  • Accident and life insurance coverage
  • Comprehensive tools and resources for skill development
Full Job Description

Application Deadline:

06/12/2026

Address:

100 King Street West

Job Family Group:

Procurement

Role Summary

The Director, Vendor Management Office (VMO) is a seasoned,enterpriselevelleader who provides strategic oversight and direction for a complex portfolio of vendors supporting People, Culture and Brand. The role is accountable for building and leading a mature Vendor Management Office with strong governance, controls, and discipline aligned to enterprise directives, regulatory expectations, and bank operating procedures, while enabling the team to executedaytodayvendor management effectively.

This roleoperatesas a senior strategic partner and trusted advisor to executives, influencing not only vendor outcomes but enterprise vendor management processes,decisionmaking, andlongtermstrategy. The Director works closely with senior leaders to more effectivelyleveragevendors to deliver business value, reduce risk, and achieve sustainable cost savings over time.

Key Accountabilities

  • Sets the strategic direction for the People, Culture and Brand Vendor Management Office, ensuring the program balances strong governance and controls with flexibility, partnership, and commercial effectiveness, while empowering the team to manage vendorsdaytoday.

  • Oversees and develops the strategy for key material outsourcing vendors within People and Culture, ensuring adherence to Bank requirements whileoptimizingcontract and service outcomes.

  • Oversees the effective and consistent execution of vendor management program components through the team, including governance forums, risk oversight, and contract management.

  • Partners closely with senior executives and accountable business leaders to influence and shape strategic vendor roadmaps, helping leaders align vendor strategies to evolving business needs andlongertermenterprise priorities.

  • Acts as a trusted advisor and thought partner to senior leaders, supporting the development of business cases, providing insight and constructive challenge, andsupporting executives in decisions thatoptimizevendor spend, reduce enterprise risk, and unlockadditionalvalue from vendor relationships.

  • Leads, delegates,and guides strategic vendor negotiations with a focus on achieving the best overall outcomes for the organizationbalancing commercial value, flexibility, optionality,longtermstrategic alignment, and risk.

  • Influences and works collaboratively with enterprise partners such as Procurement, Risk, Legal, Finance, and the business to improve vendor management processes, governance, and outcomes at an enterprise level, with theobjectiveof reducing friction, strengthening controls, and increasing organizational effectiveness.

Leadership Expectations

  • Leads and develops ahighperformingteam of experienced vendor management professionals,establishingclear accountability, priorities, and standards while enabling autonomy and sound judgment.

  • Builds a strong, inclusive, and engaged team culture focused on continuous improvement, enterprise partnership, and delivery oflongtermvalue.

  • Models a leadership style aligned to BMO purpose and values, using influence, credibility, and relationships to drive outcomes rather than positional authority.

Qualifications

Extensive experienceoperatingat a senior director level within a large, complex, and regulated organization, with a demonstrated ability to influence executives, shape enterprise processes, and deliver strategic vendor, risk, and commercial outcomes through strong leadership and partnership.

Salary:

$110,500.00 - $192,500.00

Pay Type:

Salaried

The above represents BMO Financial Grouppay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Groupexpected target for the first year in this position.

BMO Financial Grouptotal compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Bank of Montreal

The Bank of Montreal is a Canadian multinational investment bank and financial services company. It provides a wide range of personal and commercial banking, wealth management, and investment banking products and services. The bank had revenues of CAD 23.6 billion in 2020.
Learn more about Bank of Montreal
Size
45,454 employees
Market Cap
$60.9 billion
Industry
Founded
1817
5 Year Trend
+9.1%
NASDAQ

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