Director - Sourcing and Procurement (Longview Capital Solutions)

BMO • Irving, TX

1d • $130,000 - $270,000

About The Position

BMO is seeking a senior procurement leader with expertise in direct procurement, strategic sourcing, and vendor contract management in a standalone operating environment. The Director will transform and establish a procurement function currently supported through transition service arrangements, building and scaling a self-sufficient sourcing and procurement organization.

The role will review existing third-party contracts, assess vendor performance, spend, and risk, and determine sourcing strategies. This includes renegotiating agreements with incumbent vendors or identifying and onboarding new providers. The Director will establish procurement frameworks with business leaders, identify external support requirements previously provided through BMO, and build a sustainable operating model that supports long-term growth and independence.

As functional head of Procurement and Sourcing, the Director leads sourcing strategy, supplier governance, contract negotiations, category initiatives, change management, operational programs, and process improvement. The position advises senior leaders, manages resources and strategic initiatives, develops supplier relationships, and uses analytics and reporting to inform business decisions and manage costs and risks. The role operates at a group or enterprise-wide level and serves as a senior specialist resource across BMO.

The successful candidate typically has 9 or more years of relevant experience and a post-secondary degree in a related field, or an equivalent combination of education and experience. BMO lists a salary range of $130,000 to $270,000 and notes that total compensation may include performance-based incentives, discretionary bonuses, and other perks and rewards.

Requirements

• Typically 9 or more years of relevant strategic sourcing, supply chain, and/or procurement experience.
• Post-secondary degree in a related field of study, 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 within 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 across the project lifecycle.
• Expert Excel and spreadsheet analysis skills.
• Strong financial services, financial, or cost management experience.
• Knowledge of sourcing and procurement systems and applications.
• Experience compiling, synthesizing, and drawing insights from a variety of research sources.
• Demonstrated ability to assess, identify, quantify, and prioritize risks.
• Expert verbal and written communication, analytical and problem-solving, influence, collaboration, and data-driven decision-making skills.
• Ability to manage ambiguity and collaborate across groups.
• Seasoned expert with extensive industry knowledge and technical leadership viewed as a thought leader for innovation.

Responsibilities

• Transform and establish a self-sufficient sourcing and procurement function, transitioning from support provided through transition service arrangements.
• Review existing third-party contracts and assess vendor performance, spend, and risk; determine whether to renegotiate with incumbent vendors or select and onboard new providers.
• Partner with business leaders to establish procurement frameworks, identify external support requirements, and build a sustainable procurement operating model.
• Develop and execute a strategic vision and 1–3 year plan for the team, aligned with Procurement strategy and business objectives.
• Lead sourcing category initiatives from strategy development through execution, supplier selection, due diligence, negotiation, and lifecycle management.
• Direct complex supplier contract negotiations with senior supplier management and internal accountable executives.
• Establish supplier management capabilities and governance for enterprise supplier relationships, including supplier risk management.
• Develop supplier relationships to identify cost optimization, innovation, and value opportunities while mitigating risk.
• Develop category and sub-category sourcing strategies, demand management initiatives, and cost reduction opportunities.
• Advise senior leaders and business groups on strategic initiatives, sourcing solutions, category strategies, and end-to-end outsourcing and supplier risk management.
• Manage resources, strategic initiatives, and multiple programs or projects, resolving conflicting priorities and objectives.
• Lead change management and operational programs, including readiness assessment, planning, stakeholder management, execution, evaluation, and sustainment.
• Design, implement, and improve core procurement processes, tools, training, policies, guidelines, and standards.
• Use spend, market, supplier, cost, and performance analysis to develop actionable insights and recommendations.
• Define analytics and reporting requirements; prepare reports and dashboards on metrics, supplier risks, costs, and project progress.
• Build effective relationships with internal and external stakeholders and communicate recommendations and results across managerial levels.
• Attract, retain, develop, coach, and manage team members; foster collaboration, accountability, and an inclusive culture.
• Monitor performance measures, assess program effectiveness, maintain accurate project reporting, and recommend enhancements.
• Apply procurement controls and the Risk Management Framework, and ensure work complies with applicable policies, laws, regulations, and risk appetite.
• Maintain knowledge of procurement practices, sourcing methodologies, industry trends, and market best practices.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans
• Performance-based incentives and discretionary bonuses may be included in total compensation
• Other perks and rewards may be included in total compensation

What This Job Offers

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