Strategic Sourcing Manager – PMLC

Strategic Sourcing Manager – PMLC

ProViso Consulting

Selling Points of Position:

• Role within client sourcing. Very Visible role within client procurement.

Best Extended Vs Average Candidate:

• Candidate that has BPO sourcing process, with stronger PMLC knowledge. Someone with great communication and can interact with executives.
• How will performance be measured: Verbal Feedback.
Summary of day to day responsibilities:
• The Strategic Sourcing Manager, Global Sourcing, is a strategic, results-driven individual, who works in collaboration with business partners, client preferred Global Sourcing suppliers, and new suppliers, to develop and implement best in class sourcing and vendor management practices and solutions, that will enable sustainable value to the organization by optimizing solutions and contracts and supplier management, while mitigating supply-related risks. This role is enterprise wide and global in scope. There are many people across the organization who are engaged in supplier selection and managing our vendors. This role will be integrated into a team of Strategic Sourcing Professionals and will be focused on developing and managing a proactive approach for our preferred Global Sourcing suppliers across the organization that will include defining management and reporting of supplier the organization Application, Development and Maintenance (ADM) and Business Process Outsourcing (BPO) space performance. In this capacity, the Strategic Sourcing Manager will interface with stakeholders at all levels across the organization, subject matter experts, other members of SSG and suppliers, to source, develop, implement, and manage suppliers and their solutions/services.
• The Strategic Sourcing Manager supports the Senior Manager in developing and implementing the sub-category strategy as part of the overall Global Delivery Procurement Category Strategy in the Infrastructure portfolio. The role requires an experienced strategic, results-driven team player who works in collaboration with all SSG teams, enterprise control functions, business unit leaders, business partners, client suppliers and external parties to deliver sustainable value to the Bank and business units by meeting timelines and reducing 3rd-party spend and total cost of ownership while maintaining compliance with client and regulatory policies.
• The Strategic Sourcing Manager supports business partners by developing strategies that support and enable client Group and business specific objectives and goals, as well as helping to mitigate risks to the business and the Bank.
• Proactively engage business leaders to understand their business strategies and objectives in order to align our work to help achieve them
• Create an environment that encourages growth, visibility and continual learning for peers and stakeholders. Recognize and value individual differences and contributions; seek to include diverse and global perspectives
• Proactively manage the 3rd-party expenditure assigned and associated key suppliers to create P&L impacting value that is recognized by the business and organization
• Develop Infrastructure Procurement pipeline and sourcing strategies for the Global Delivery categories that drive sustainable competitive advantage and concentrate spend with suppliers that matter to and value client
• Drive value in supply chain/total cost of ownership sourcing initiatives through early engagement, commercial acumen and market knowledge in Global Delivery (including AMD and Outsourcing). Activities also include requirements gathering, solution/supplier evaluations and supplier selection activities
• Proactively conduct Infrastructure market intelligence activities including industry, supply market and supply chain research/analytics, category sourcing and outsourcing trends and best practices and share knowledge, insight and advice with business in a way that contributes to their long term business strategies
• Provide guidance and insight on ADM and Outsourcing governance best practices and provide counsel to business to ensure supplier arrangements meet all client policy and regulatory requirements
• Recommend and implement solutions/process improvements that may arise from monitoring and tracking business partner issues
• Effectively organize, influence and manage internal/external stakeholder groups
• Support internal Bank partners by leading/contributing to the supplier negotiation process to maximize price/performance in a given category and providing guidance on deal structure
• Develop and maintain strong, mutually beneficial relationships across the Bank’s supplier pool
• Oversee and manage the supplier selection process for the procurement of a variety of products/services, predominantly focused on Global Delivery infrastructure but may include software, cloud solutions and third party hosted or managed solutions.
• Lead sourcing initiatives including requirements gathering, solution/supplier evaluations and supplier selection activities
• With the assistance of CLIENT legal and the business unit, negotiate favorable contract terms
• support effective vendor management and governance
• Ensure effective delivery of Strategic Sourcing Group (SSG) services to business partners and ensure prompt and thorough resolution of all client issues
• Foster strong collaborative relationships with partners in SSG (EVMO, Category Leads etc), the business and vendor management community
• Manage tracking, reporting and regulatory and compliance activities (OCC, OSFI, client)

Department Overview

• Client spends over $5bn each year with 3rd-party suppliers. The Strategic Sourcing Group’s (“SSG”) role is to create sustainable competitive advantage for client by leveraging this 3rd-party spend and the expertise of our suppliers, to meet our needs, reduce total cost and mitigate supply-related risks.
• SSG’s role is global in scope and we have just embarked on a journey within our department, and more broadly across the organization, to transform the way we do sourcing, purchasing and vendor management.
• The SSG team comprises approximately 200 people who are located in various client locations across North America and collaborate closely with our business partners.

Job Requirements

• Post Secondary education/or equivalent experience
• Demonstrated experience of Strategic Sourcing practices in the Professional Services category, specifically in Business Process Outsourcing (BPO) and/or Application Maintenance and Development (ADM)
• Ability to work efficiently with minimal supervision
• Ability to pick up in-flight sourcing work efforts quickly
• Demonstrated experience of client’s Risk Appetite Framework, client’s Supplier Risk Management policies and Outsourcing guidelines
• Knowledge and understanding of SSG’s Global Sourcing Program and Transition Methodology
• Knowledge and understanding of the Supplier Management discipline, including experience as a Supplier Manager
• Strong commercial acumen and business judgment
• Strong drive and determination to flawlessly execute and deliver
• Strong aptitude to impact and influence, written/verbal communication, negotiation, and presentation skills
• Proven experience managing stakeholders and external 3rd-parties
• Proven experience in business planning and delivery of objectives
• Experience in Project Management with strong analytical skills
• Strong understanding of contract law as it applies to the Global Delivery industry
• Strong time management and decisiveness skills
• Time and people management skills

Other Qualifications/Skills/Experience

• Demonstrated experience of Strategic Sourcing practices.
• Must have strong experience in using procurement tools including Ariba
• Experience working in a highly regulated environment
• Strong commercial acumen and business judgment
• Drive and determined attitude to flawless execution
• Demonstrated influencing, negotiation and presentation skills
• Strong written and verbal communications skills
• Proven experience managing and leading high performing teams
• Proven experience in business planning and delivery of objectives
• Demonstrated stakeholder/relationship management and networking skills
• Strong analytical skills
• General knowledge of the client organizational structure, including main business groups and their functions

Job Details



8 Months



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