Scotiabank

Manager, Vendor Management - Toronto, ON

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
8 - 10 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 10+ years in financial services or related fields
  • Proven experience in vendor relations and contract negotiation
  • Strong understanding of vendor management frameworks
  • Demonstrated financial acumen in budgeting and forecasting
  • Excellent communication and leadership capabilities
  • Experience in managing competing priorities in complex environments
  • Strong analytical and problem-solving skills

Responsibilities

  • Lead vendor management and ensure alignment with business goals
  • Oversee vendor performance, contract negotiations, and issue resolution
  • Ensure compliance with vendor management policies and governance
  • Identify and mitigate vendor-related risks
  • Manage budgets, forecasts, and spend for vendor contracts
  • Drive operational efficiencies in vendor management processes
  • Prepare reports on vendor performance and operational metrics

Benefits

  • Flexible benefit programs to support holistic well-being
  • Empowerment to reach fullest potential and embrace diversity
  • Support for family, financial, physical, mental, and social health needs
Full Job Description
Requisition ID: 268750

Purpose
Responsible for developing and maintaining strategic relationships with market data vendors and internal stakeholders to ensure alignment with business and technology objectives. The role ensures services are delivered cost-effectively while mitigating regulatory, financial, and reputational risks. The incumbent manages a portfolio of vendor relationships through the full contract lifecycle while leading a team of Vendor Managers, providing leadership, guidance, coaching, and oversight to support the successful delivery of departmental objectives.

What You'll Do:

Vendor & Stakeholder Management
  • Lead strategic vendor relationships, ensuring alignment with business objectives, service expectations, and contractual commitments.
  • Manage vendor performance, contract renewals, negotiations, and issue resolution to maximize value and service quality.
  • Provide expert guidance on sourcing, market data licensing, vendor selection, and industry best practices while fostering strong stakeholder partnerships.


Business Operations, Risk & Compliance
  • Ensure compliance with procurement, third-party risk, regulatory, and vendor management policies through effective governance and oversight.
  • Identify, assess, and mitigate vendor-related operational, financial, licensing, and compliance risks, including issue escalation and remediation.
  • Drive process improvements, operational efficiencies, and governance enhancements across vendor management activities.
  • Maintain controls and processes to support licensing compliance and mitigate vendor-related operational, financial, and regulatory risks.


Financial Management
  • Oversee vendor budgets, forecasts, spend management, invoice validation, and contractual financial obligations.
  • Lead commercial negotiations, pricing reviews, utilization analysis, and cost optimization initiatives to deliver savings and business value.
  • Develop business cases, benchmarking analyses, and financial reporting to support strategic and operational decision-making.


Team Leadership & People Management
  • Lead, coach, and develop a high-performing team of vendor management professionals, fostering accountability, collaboration, and continuous improvement.
  • Establish team priorities, allocate resources, monitor performance, and ensure achievement of business objectives and service commitments.
  • Serve as the primary escalation point for complex vendor, contractual, operational, and stakeholder issues while supporting talent development and succession planning.


Strategic Initiatives & Reporting
  • Oversee vendor onboarding, renewals, sourcing activities, and transformation initiatives to support evolving business needs.
  • Conduct vendor evaluations, benchmarking, usage analysis, and alternative solution assessments to optimize vendor strategies.
  • Prepare and present management reporting on vendor performance, spend, contracts, risks, and key operational metrics while representing the function in cross-functional forums.


What You'll Bring:
  • 10+ years of experience in financial services, market data management, vendor management, procurement, contract management, or a related discipline.
  • Demonstrated experience leading, coaching, and developing professional staff.
  • Proven experience managing vendor relationships and negotiating complex commercial agreements.
  • Strong knowledge of vendor management frameworks, contract lifecycle management, and market data licensing practices.
  • Strong understanding of third-party risk management, governance, compliance, and operational controls.
  • Demonstrated financial acumen, including budgeting, forecasting, spend management, and cost optimization.
  • Strong analytical, problem-solving, negotiation, project management, and change management skills.
  • Excellent communication and leadership skills with the ability to influence stakeholders across multiple levels of the organization.
  • Experience managing competing priorities and supporting teams in a complex, fast-paced environment.
  • High degree of autonomy, sound judgment, and ability to operate effectively in complex and ambiguous environments.


Work Arrangement
  • Work in a standard-office environment


Interested?
If your experience is closely related but doesn't align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank!
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That's why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you?
Scotiabank wants you to be able to bring your best self to work - and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

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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