Scotiabank

Senior Manager, Procurement Standards

Scotiabank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Business Services
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in management, business, or related field; master's preferred
  • 6-8 years of experience in program or project management, financial services, or procurement
  • Strong expertise in procurement process design in a financial context
  • Proficient in project management methodology and techniques
  • Knowledge of procurement practices including supplier negotiation and risk management
  • Exceptional stakeholder management skills, including working with legal and executive teams
  • Ability to lead multiple priorities in a dynamic environment
  • Familiarity with financial services regulations; proficiency in Spanish or French is a plus

Responsibilities

  • Lead and cultivate a customer-focused culture in the procurement team
  • Develop and communicate optimized procurement standards and procedures
  • Analyze adjacent policies to enhance procurement practices
  • Document and improve procurement processes for better governance
  • Design and implement procurement procedures aligned with enterprise policies
  • Collaborate with Legal to maintain contract templates for third-party agreements
  • Oversee governance documents related to supplier management and onboarding
  • Manage cross-functional initiatives to ensure sound procurement practices
  • Incorporate risk culture into daily activities and decision-making
  • Foster a high-performance environment through inclusive team engagement and development

Benefits

  • Career growth opportunities with professional development
  • Commitment to community impact for employees and customers
  • Competitive rewards including bonus, flexible vacation, and comprehensive benefits starting on day one
  • Focus on diversity, equity, inclusion, and allyship in workplace culture
  • Access to Employee Resource Groups promoting diverse identities and backgrounds
Full Job Description
Requisition ID: 267235

The role:

Leads and oversees Procurement process & standards ensuring the design, maintenance, and governance of standards and templates are aligned to best practice procurement process. specific goals, plans, and initiatives are executed / delivered in support of the department's business strategies and objectives. Acts as a control within Procurement, safeguarding consistency, compliance, and operational effectiveness across the source-to-settle lifecycle. Through data-driven insights and cross-functional collaboration, the role enables sustainable process improvements and strengthens procurement risk management and governance maturity.

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

  • Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
  • Own the strategy, planning, optimization, and communication of procurement standards, and procedures.
  • Analyze how adjacent policies, standards, and procedures will impact procurement practice and proactively adjusts procurement standards, and procedures where applicable.
  • Analyze and documents procurement processes to identify opportunities for improvement based on an understanding of adjacent policies, standards, and procedures to enhance the quality of existing capabilities through defined governance controls that ensures compliance and measurable performance.
  • Lead projects to design, build, and implement procurement procedures aligned to enterprise policies and procurement standards
  • Coordinate Legal department interactions with Procurement to support the review and maintenance of contract templates for third party agreements.
  • Maintain governance process documents for Procurement including supplier management and business controls for supplier onboarding.
  • Oversee work across cross-functional initiatives to deliver sound procurement practices.
  • Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions.
  • Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
  • 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 behaviours, communicating vison/values/business strategy, and managing succession and development planning for the team.


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

  • Bachelor's degree in management, business, or related field; master (MA or MSc) in business or related field preferred
  • 6 - 8 years' previous experience in program management, project management, financial services, or procurement related field
  • Expertise in procurement process design within a financial or similar organization.
  • Experience in project management methodology including techniques for project delivery, reporting, escalation, change management, and postmortem lessons learned
  • Understand the objectives of procurement practices including supplier negotiation, third-party risk management, purchasing, ongoing supplier performance management, and payments
  • Excellent stakeholder management skills including Control Functions, Legal, and Executive leadership
  • Proven ability to lead multiple priorities, adapt to constantly changing business environment, and drive projects to completion
  • Knowledgeable in financial services and regulations (e.g., OSFI, OCC, CFPB, UDAAP) and how they are applied to third party relationships
  • Spanish and French language proficiency is beneficial to the role but not mandatory


Working Conditions

  • Work in a standard office-based environment; non-standard hours are a common occurrence.
  • Project deadline driven deliverables
  • Work product may be subject to Internal Audit
  • Limited travel internationally


What's in it for you?

  • 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 including 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.


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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