Scotiabank

Vendor Manager - Toronto, ON

Scotiabank • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • 5+ years in financial services or vendor management
  • Proven expertise in managing vendor relationships and negotiations
  • Strong knowledge of contract lifecycle and vendor governance
  • Familiarity with market data licensing models and providers
  • Demonstrated financial acumen in budgeting and cost optimization
  • Excellent communication skills to influence diverse stakeholders
  • Ability to handle multiple priorities in a dynamic environment

Responsibilities

  • Manage strategic vendor relationships and ensure alignment with objectives
  • Lead performance reviews, contract discussions, and negotiations
  • Oversee vendor lifecycle activities to ensure compliance
  • Identify and manage operational and compliance risks associated with vendors
  • Support audits and continuous improvement initiatives
  • Monitor vendor contracts and financial commitments for accuracy
  • Lead vendor-related projects and support business operations

Benefits

  • Work in a standard office environment
  • Collaborative team culture
  • Opportunities for professional development
  • Exposure to complex vendor relationships
  • Engagement in high-impact decision-making processes
Full Job Description
Requisition ID: 268752

Vendor Manager - Toronto

Global Banking and Markets

Global Banking and Markets (GBM) conducts the Bank's wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia-Pacific.

More specifically, GBM provides clients with: corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management.

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
  • Manage strategic vendor relationships and partnerships, ensuring alignment with business objectives, service expectations, and contractual commitments.
  • Lead vendor performance reviews, issue resolution, contract discussions, and commercial negotiations to optimize value and service delivery.
  • Provide subject matter expertise on vendor selection, licensing, contract terms, market data services, and industry trends.


Business Operations, Risk & Compliance
  • Oversee vendor lifecycle activities, ensuring compliance with enterprise policies, governance standards, contractual obligations, and regulatory requirements.
  • Identify, assess, and manage vendor-related operational, financial, compliance, and licensing risks, including issue escalation and remediation.
  • Support audits, regulatory reviews, and continuous improvement initiatives to strengthen controls, efficiency, and governance practices.
  • Maintain controls and processes to support licensing compliance and mitigate vendor-related operational, financial, and regulatory risks


Financial & Contract Management
  • Manage vendor contracts, renewals, licensing agreements, and commercial negotiations to ensure business value and contractual compliance.
  • Monitor vendor spend, utilization, invoices, and financial commitments, ensuring accuracy, cost-effectiveness, and budget alignment.
  • Develop business cases, financial analyses, forecasts, and reporting to support decision-making and cost optimization initiatives.


Project Delivery & Business Support
  • Lead and support vendor-related projects, sourcing activities, contract renewals, service changes, and strategic initiatives.
  • Partner with business and technology stakeholders to evaluate requirements and identify appropriate vendor solutions.
  • Maintain vendor documentation, reporting, and analysis related to spend, contract status, utilization, and risk metrics.
  • Act as a subject matter expert on market data licensing, vendor agreements, and commercial practices.


Additional Responsibilities
  • Manage new vendor engagements, contract amendments, renewals, vendor rationalization activities, and issue resolution efforts.
  • Conduct benchmarking, market research, and vendor assessments to identify opportunities for improved value and service delivery.
  • Participate in governance forums, contribute to process improvements, and provide guidance and knowledge sharing across the team.
  • Provide guidance and mentorship to junior team members and assist with knowledge transfer activities as required.


Scope & Dimensions
  • Manage a portfolio of market data vendors with varying levels of complexity, spend, and strategic importance across multiple business areas.
  • Operate with a high degree of autonomy while collaborating with stakeholders across business, technology, sourcing, legal, risk, and compliance functions.
  • Provide market data and vendor management expertise, influencing business decisions through analysis, recommendations, and relationship


What You'll Bring:
  • 5 years of experience in financial services, market data management, vendor management, procurement, contract management, or a related discipline.
  • Proven experience managing vendor relationships and negotiating commercial agreements.
  • Strong understanding of contract lifecycle management, vendor governance, and third-party risk management practices.
  • Knowledge of market data licensing models, vendor services, and financial information providers.
  • Demonstrated financial acumen, including budgeting, forecasting, spend management, and cost optimization.
  • Strong analytical, problem-solving, negotiation, and project management skills.
  • Excellent verbal and written communication skills with the ability to influence stakeholders at multiple levels.
  • Ability to manage multiple priorities in a complex and fast-paced environment.
  • Strong organizational skills, attention to detail, and sound business judgment.


Work Arrangement:
  • Work in a standard-office environment


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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