Director - Sourcing and Procurement (Longview Capital Solutions)

Bank of Montreal • Irving, TX

21h

About The Position

The Director of Sourcing and Procurement will lead the transformation and establishment of a self-sufficient procurement function currently supported through transition service arrangements. The role will review existing third-party contracts, assess vendor performance, spend and risk, and determine sourcing strategies, including renegotiating incumbent agreements or selecting and onboarding new providers. As the functional head of Procurement and Sourcing, the Director will partner with business leaders to establish procurement frameworks, identify support requirements previously provided through BMO, and build a sustainable operating model that supports the organization’s long-term growth and independence.

The Director provides enterprise-wide leadership for strategic sourcing, procurement, supplier management and category initiatives. This includes developing strategic plans and sourcing approaches; directing complex supplier negotiations; managing supplier relationships and governance; improving processes and procurement capabilities; and providing senior leaders with analysis, reporting, advice and recommendations. The role leads teams, change initiatives and operational programs, and works across functions to deliver business objectives, savings, resilience and risk management. Broader work or accountabilities may be assigned as needed.

Requirements

• Typically 9+ years of relevant strategic sourcing, supply chain, and/or procurement experience.
• Post-secondary degree in a related field, or an equivalent combination of education and experience.
• Significant experience leading direct procurement and strategic sourcing functions.
• Proven track record reviewing, negotiating, and transforming large-scale vendor contracts.
• Experience building or leading procurement teams in a standalone organization or complex business transformation environment.
• Expertise in sourcing, supplier negotiation, contract management, and spend optimization.
• Expert knowledge of sourcing and procurement processes, procedures, and controls.
• Expert knowledge of relevant risk and regulatory requirements.
• Expert knowledge of sourcing in financial services or technology industries.
• Expert knowledge of business analysis and project delivery practices and standards across the project lifecycle.
• Expert Excel and spreadsheet analysis skills.
• Knowledge of sourcing and procurement systems and applications.
• Strong financial services, financial, or cost management experience.
• Knowledge of the group or business environment, processes, and procedures.
• Experience compiling, synthesizing, and drawing insights from varied research sources.
• Ability to assess risks, including identifying, quantifying, and prioritizing them.
• Seasoned expertise and extensive industry knowledge; technical leadership recognized for innovation.
• Expert verbal and written communication, analytical and problem-solving, influence, and data-driven decision-making skills.
• Expert collaboration and team skills, with a focus on cross-group collaboration.
• Ability to manage ambiguity and work across teams to achieve business objectives.

Responsibilities

• Lead the transformation and establishment of a standalone, self-sufficient sourcing and procurement function.
• Review third-party contracts and assess supplier performance, spend, and risk; recommend renegotiations or new providers as appropriate.
• Partner with business leaders to establish procurement frameworks and identify requirements previously supported through BMO.
• Develop and execute strategic sourcing, category, demand management, and cost reduction initiatives aligned with business objectives.
• Direct complex supplier contract negotiations and establish supplier relationship management capabilities and governance.
• Build strategic supplier relationships to identify cost optimization, innovation, risk mitigation, and value opportunities.
• Lead sourcing initiatives end-to-end, including project planning, supplier selection, due diligence, negotiations, execution, and lifecycle management.
• Advise senior leaders and business groups on supplier and category strategies, procurement solutions, and end-to-end outsourcing and supplier risk requirements.
• Develop a 1–3 year team vision and strategic plan aligned with Procurement strategy and communicate plans and outcomes to stakeholders.
• Manage resources and lead strategic initiatives, operational programs, and change management activities; assess execution and adapt programs as needed.
• Lead and develop procurement teams, attracting and retaining talent, coaching employees, supporting career development, and managing performance.
• Design, implement, and improve procurement processes, policies, standards, tools, and training.
• Analyze markets, supplier spend, cost models, performance, and risks; develop actionable insights and recommendations.
• Define analytics and reporting requirements; prepare reports and dashboards on metrics, supplier risks, costs, project progress, and performance.
• Build effective internal and external stakeholder relationships and ensure alignment on business partner needs and expectations.
• Monitor supplier and project performance, maintain accurate progress reporting, and address issues and conflicting priorities.
• Apply procurement policies, controls, risk frameworks, and applicable legal and regulatory requirements to sourcing activities.
• Maintain knowledge of leading procurement practices and promote procurement standards and sourcing methodologies.
• Communicate recommendations and results effectively to stakeholders at all managerial levels.
• May establish and direct the Supplier Diversity program for North America and may consult to or serve on committees and task forces.

Benefits

• Health insurance
• Tuition reimbursement
• Accident insurance
• Life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in total compensation, depending on the position’s pay type.

What This Job Offers

• Job Type: Full-time
• Career Level: Director