TD Bank

Strategic Sourcing Manager II

TD Bank • $96K — $136K *
Toronto, ON M3C 0E3In-Person
Business Services
5 - 7 years of experience
5 days ago
Job Overview by Ladders

Qualifications

  • Post-Secondary Education
  • 7+ years of relevant experience
  • In-depth knowledge of procurement strategies
  • Strong understanding of AI and software vendor solutions
  • Advanced knowledge of market trends influencing sourcing strategies
  • Proficient in risk management and regulatory compliance

Responsibilities

  • Assist Senior Managers in supporting strategic objectives
  • Act as a liaison between business partners and executives
  • Present research and recommendations to management
  • Lead negotiations with suppliers for optimal pricing
  • Ensure adherence to enterprise frameworks and compliance requirements
  • Identify and mitigate business risks effectively
  • Foster colleague growth and promote a culture of inclusivity

Benefits

  • Emphasis on career development and growth opportunities
  • Support for work-life balance and well-being
  • Commitment to diversity and inclusivity in the workplace
  • Participation in a high-performance culture with accountability
  • Opportunities for continuous learning and feedback engagement
Full Job Description
Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Procurement & Sourcing

Pay Details:
$96,900 - $136,800 CAD

Job Description:

CUSTOMER
  • Assist Senior Managers in supporting business line senior executives
  • Act as liaison with business partners and provide direction and support and enable TD and business specific objectives and goals
  • Present research findings and make recommendations to management that support category and business partner strategies
  • Lead or assist with supplier negotiations/RPFs to maximize price/performance in a given category and work with business partners to influence or intervene in supplier negotiations when necessary


SHAREHOLDER
  • Ensure team adheres to enterprise frameworks and methodologies related to overall business management activities
  • Lead relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
  • Support team in staying knowledgeable on emerging issues, trends and evolving regulatory requirements and assess potential impacts to the Bank
  • Assess / identify key issues and escalate to appropriate levels and relevant stakeholders and business management where required
  • Identify, mitigate and report on risk issues per enterprise policy / guidance and ensure appropriate escalation processes are followed
  • Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
  • Lead relationships with business lines / corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
  • Lead or contribute to cross-functional / enterprise initiatives as an organizational or subject matter expert helping to identify risk / provide guidance for complex situations
  • Protect the interests of the organization - identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary
  • Manage oversight process, risk-based identification and monitoring of related risks and regulatory compliance across the supported functions, while ensuring key controls and processes are effectively managed
  • Oversee or lead the facilitation and/or implementation of action / remediation plans to address performance / risk / governance issues
  • Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
  • Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite


EMPLOYEE / TEAM
  • Cultivate and model the Colleague Promise to support colleague growth, and a culture of care; make an impact at work and in our communities by leading with authenticity and supporting well being to represent TD's brand
  • Connect the alignment of colleague's contributions with the TD Shared Commitments
  • Enage is a diverse team where every colleague and customer are valued, respected, and listened to; committed to a common goal and collaborate to move with speed and get things done
  • Demonstrate inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity, including those from underrepresented communities, being actively anti-racist, attracting and retaining diverse slate of candidates, nurturing mutual respect, inclusivity of thought and collaboration to drive successful results
  • Enable colleague growth by encouraging colleague development to achieve career and business objectives; ensuring timely motivating appreciation and recognition to all colleagues
  • Enable a continuous learning culture by proactively seeking, listening to and actioning feedback from peers and from colleague listening opportunities to continuously improve the colleague experience and grow your personal leadership
  • Model sharing of knowledge, information, skills, and subject matter expertise among the team; ensure timely management and escalation of issues, and lead collaboration with other functions and teams
  • Lead through change and create an environment where teams feel psychologically safe to challenge current practices by modeling resiliency and flexibility, providing direction on changing priorities and empowering colleagues to drive innovation
  • Engage in a high-performance culture by setting team targets and objectives, facilitating on-going and proactive feedback/coaching and conducting Quarterly Check-Ins for all colleagues to drive accountability and business results


BREADTH & DEPTH
  • Engage with a team of professionals and overall operation of a diverse group in an area of moderate risk, complexity or scope, while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results
  • Ensure an integrated approach with other business areas, broader organization, and enterprise as appropriate
  • Coordinates and prioritizes multiple initiatives and manages resource allocation
  • Establishes effective relationships with different Stakeholders, Business Sponsors, Executives and LOB
  • Provides support and contributes to the overall discipline and strategy for respective areas
  • Deep knowledge and understanding of businesses / technology, and organizational practices/ disciplines
  • Sound to advanced knowledge of external competition, industry and/or market trends in relation to own function / business
  • Demonstrates strong knowledge of AI and IT/software vendors, solutions, and evolving market trends to inform sourcing strategies and business decisions
  • Evaluates AI commercial models (e.g., consumption, licensing) and leads procurement strategy to optimize cost, scalability, and risk alignment
  • Focus on short to medium-term issues (e.g. 6-12 months)
  • Generally reports to a Senior Group Manager, Strategic Sourcing or Executive


EXPERIENCE AND / OR EDUCATION
  • Post-Secondary Education and / or
  • 7+ years of related experience

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

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