Bank of Montreal

Sr. Manager - Sourcing Business Management

Bank of Montreal$94K — $176K *
Business Services
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in procurement or sourcing roles
  • Demonstrated ability to lead large teams with diverse talents
  • Proven strategic advisory capabilities to senior leadership
  • Strong understanding of M&A processes in relation to procurement
  • Expertise in project management and cross-functional collaboration
  • Familiarity with digital tools and technologies used in sourcing
  • Excellent communication skills for team and stakeholder engagement

Responsibilities

  • Lead and manage a 60-person Sourcing organization
  • Advise the VP of Sourcing on strategy and priorities
  • Drive Procurement initiatives related to M&A activities
  • Oversee project management for strategic procurement priorities
  • Advance the innovation agenda in sourcing processes
  • Design and implement strategies for governance and reporting
  • Shape team development and change management initiatives

Benefits

  • Health insurance coverage
  • Tuition reimbursement for further education
  • Accident and life insurance options
  • Retirement savings plans
  • Performance-based incentives and discretionary bonuses
Full Job Description
Application Deadline:

06/12/2026

Address:
250 Yonge Street

Job Family Group:

Procurement

This role sits at the center of Sourcing transformation, combining strategy, execution, and innovation to elevate Procurement's enterprise impact. The individual will operate as a trusted advisor to senior leadership while driving delivery of critical initiatives across the function.
  • Lead business management for a ~60-person Sourcing organization, overseeing operating cadence, governance, reporting, portfolio priorities, and execution against strategic objectives.
  • Serve as a strategic advisor to the VP of Sourcing, helping shape the function's strategy, roadmap, and forward-looking priorities across sourcing, vendor resilience, and transformation.
  • Drive key Procurement initiatives tied to BMO M&A activity, including due diligence, transition planning, integration support, and alignment with third-party risk and operating model requirements.
  • Lead cross-functional project and program management across strategic priorities, ensuring disciplined execution of roadmap items, issue resolution, stakeholder alignment, and delivery against milestones.
  • Own the development and advancement of the Sourcing innovation agenda, including process simplification, digitalization, AI/Copilot use cases, and technology enablement initiatives such as ZIP and future tools.
  • Support the design and implementation of the group's broader strategy, including governance enhancements, savings tracking, reporting modernization, contract pipeline visibility, and category management evolution.
  • Help shape the people and change agenda for the function, including team communications, development planning, engagement initiatives, and change management required to embed new ways of working.


Salary:

$94,600.00 - $176,000.00

Pay Type:

Salaried

The above represents BMO Financial Group's pay 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 Group's expected target for the first year in this position.

BMO Financial Group's total 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

Similar Jobs

More Jobs at Bank of Montreal

More Business Services Jobs

Find similar Sr. Manager - Sourcing Business Management jobs: