Director, Technology Sourcing

Scotiabank•Toronto, ON

3d•Onsite

About The Position

Join Scotiabank at a pivotal time of transformation, where Procurement is driving strategic value and innovation. As the Bank accelerates its adoption of AI and digital capabilities, you’ll play a key role in shaping the future of sourcing within a global organization. Scotiabank's Procurement function is at a pivotal moment — driving strategic value, commercial discipline, and innovation as the Bank accelerates its digital and AI transformation. As Director, Technology Sourcing & Supplier Management, you'll lead sourcing strategy and supplier management for the Bank's global Technology portfolio — one of our largest, fastest-evolving, and highest-impact spend categories. You'll set direction across SaaS, cloud & hyperscalers, infrastructure, software, IT labour, networks, and emerging tech, and lead a high-performing team of sourcing professionals. Partnering with Technology, Risk, Legal, Finance, and senior business leaders, you'll shape enterprise-wide commercial strategies, negotiate the Bank's most strategic technology agreements, and ensure Procurement is a trusted advisor to the business.

Requirements

Minimum 10 years of progressive strategic sourcing / procurement experience, including meaningful leadership of enterprise technology categories.
Bachelor's degree required; CPM, CPSM, CIPS, or equivalent designation preferred.
People leadership experience : building, coaching, and developing high-performing teams in complex, matrixed organizations.
Deep expertise in SaaS pricing models, cloud consumption economics, software licensing (perpetual, subscription, token-based), IT labour rate cards, MSA/SOW constructs, and hyperscaler agreements.
Proven ability to lead strategic supplier relationships at the executive level and influence VP/SVP/EVP stakeholders.
Strong commercial acumen, negotiation capability, and strategic thinking, with a track record of driving significant, measurable value.
Hands-on with spend analytics, supplier segmentation, TCO modelling, and benchmarking.
Understanding of third-party risk and regulatory expectations in financial services (or another regulated environment).
Familiarity with e-sourcing, CLM, and supplier management platforms.
Clear executive presence, results orientation, and demonstrated ability to drive rapid and significant change.

Responsibilities

Own the global Technology category portfolio: set strategy, priorities, and multi-year roadmaps aligned to Technology and enterprise objectives.
Lead, coach, and develop a team of Senior Managers and Managers; build succession, deepen bench strength, and foster an inclusive, high-performance culture.
Engage senior executives (VP/SVP/EVP) across Technology and business lines as a trusted commercial advisor on supplier strategy, risk, and spend.
Direct end-to-end sourcing for the Bank's largest technology deals from opportunity assessment and market intelligence through negotiation, contracting, and benefits realization.
Shape category strategies across SaaS, cloud, software licensing, IT professional services, infrastructure, and telecom anchored in spend analysis, supplier capability, TCO, and market trends.
Lead high-stakes negotiations balancing TCO, consumption vs. subscription models, service levels, flexibility, exit rights, and long-term business needs.
Own strategic supplier relationships at the executive level: performance governance, escalations, innovation partnerships, and continuous improvement.
Drive portfolio optimization: renewals, consolidation, license and vendor rationalization, and demand management across the enterprise.
Partner with Third-Party Risk, Legal, Compliance, and Finance to ensure alignment with policy, regulatory expectations, and the Bank's risk appetite — including obligations under the Operational Risk, Regulatory Compliance, AML/ATF, and Conduct Risk frameworks.
Champion procurement best practices: category planning, SRM, negotiation excellence, benefits realization, and disciplined pipeline execution.
Ensure consistent application of Procurement processes across business lines and geographies.
Understand how the Bank’s risk appetite, risk culture and risk policies & processes should be considered/adhered to in day-to-day activities and decisions.
Create an environment in which his/her team pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviors; communicating vison/values/business strategy; and, managing succession and development planning for the team.