Scotiabank

Senior Manager, Technology Sourcing

Scotiabank • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Enterprise Technology
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Supply Chain, Finance, or related; CPSM, CIPS, or equivalent preferred.
  • 5-10+ years in strategic sourcing, category management, or supplier management with a focus on technology categories.
  • Deep knowledge of SaaS pricing models and cloud consumption economics.
  • Strong commercial negotiation skills supported by data-driven insights.
  • Ability to influence senior stakeholders and lead cross-functional teams.
  • Experience with spend analytics and TCO modeling.
  • Awareness of third-party risk and regulatory expectations in financial services.

Responsibilities

  • Lead end-to-end sourcing for enterprise technology categories including SaaS, cloud, and infrastructure.
  • Develop category strategies based on spend analysis and supplier capabilities.
  • Design and manage competitive sourcing events (RFI/RFP/RFQ).
  • Negotiate contracts with a focus on total cost of ownership and service levels.
  • Identify opportunities for portfolio optimization, including license and vendor rationalization.
  • Collaborate with risk and compliance teams to align with policies and regulations.
  • Manage strategic supplier relationships and drive continuous improvement.

Benefits

  • Career development opportunities with a focus on professional growth.
  • Commitment to community involvement for employees and customers.
  • Competitive rewards program with annual bonuses and flexible vacation.
  • Focus on Diversity, Equity, Inclusion & Allyship in the workplace.
  • Accessibility and workplace accommodations to support a diverse workforce.
Full Job Description
Requisition ID: 270429

The Role

Help Scotiabank source the technologies shaping the future of banking.

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 Senior Manager, Technology Sourcing, you'll lead high-impact sourcing strategies across some of the Bank's most complex and fastest-evolving technology categories.

You'll partner with Technology, Risk, Legal, Finance, and senior business leaders to unlock enterprise value across SaaS, cloud & hyperscalers, infrastructure, software, networks. This is a role for a commercially sharp procurement leader who thrives on solving complex problems, influencing spend decisions, and delivering measurable outcomes beyond savings.

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

  • Lead end-to-end sourcing for enterprise technology categories from opportunity assessment and market intelligence through negotiation, contracting, and benefits realization.
  • Build category strategies across SaaS, cloud, software licensing, infrastructure, and telecom anchored in spend analysis, supplier capability, and market trends.
  • Design and run competitive events (RFI/RFP/RFQ), including evaluation frameworks, shortlisting, negotiation strategy, and award recommendations.
  • Negotiate commercially strong agreements balancing TCO, consumption vs. subscription models, service levels, flexibility, exit rights, and long-term business needs.
  • Optimize the existing portfolio: identify renewal, consolidation, license rationalization, and vendor rationalization opportunities.
  • Partner with Third-Party Risk, Legal, Compliance, and Finance to ensure alignment with policy, regulatory expectations, and the Bank's risk appetite.
  • Manage strategic supplier relationships - performance, escalations, executive engagement, and continuous improvement.
  • Track and report pipeline, benefits, milestones, and commitments with discipline and transparency.
  • Act as a trusted advisor to Technology stakeholders and an escalation point on commercial and supplier matters with enterprise impact.
  • 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:

  • Bachelor's degree in Business, Supply Chain, Finance, or related; CPSM, CIPS, or equivalent is preferred.
  • 5-10+ years of progressive experience in strategic sourcing, category management, or supplier management - with meaningful exposure to technology categories.
  • Deep familiarity with SaaS pricing models, cloud consumption economics, software licensing (perpetual, subscription, token-based), and MSA/SOW constructs.
  • Strong commercial acumen and negotiation capability, backed by data-driven recommendations.
  • Proven ability to influence senior stakeholders (VP/SVP) and lead cross-functional teams through ambiguity.
  • 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) is an asset.
  • Familiarity with e-sourcing, CLM, and supplier management platforms.


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 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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