Procurement Operations Analyst

TMX Group • Toronto, ON

49d • Hybrid

About The Position

We're looking for a sharp and analytical Procurement Operations Analyst to join our team. Reporting to the Senior Manager, Sourcing Operations, this is a role where you'll dive deep into our spend data to uncover insights and opportunities, leading the efforts to strengthen the use of data for planning and decision making; manage our key procurement systems; and deliver process improvements. You'll be the bridge between data and action, helping us make smarter decisions and streamline our processes, with an enterprise-wide impact.

Requirements

• An undergraduate degree in a related field is required.
• 3+ years of experience in procurement and vendor management services.
• 5+ years of significant experience in accounting, finance, and/or working with statistics and data analytics.
• Very strong technical aptitude, data, visualization, reporting, and analytical skills.
• Proficiency across a range of tools and technologies, including AI.
• Demonstrated ability to work collaboratively with cross-functional teams and business partners.
• Strong verbal and written communication skills to facilitate collaboration and ensure clarity among team members
• Strong organizational skills and attention to detail.
• The ability to work under pressure and with tight deadlines.
• Excellent problem-solving skills and the ability to apply appropriate tools and analysis to specific situations.
• Strong project management skills, including the ability to lead and motivate project teams, even without direct authority.
• Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located.

Responsibilities

• Develop and present dashboards, scorecards, and analytical reports to leadership teams to communicate procurement trends, risks and opportunities to support business strategy and decision making within and across business lines.
• Provide financial analysis and reports to spend owners.
• Analyze technology costs and perform benchmarking to assess business value, including identifying performance metrics for actionable business intelligence.
• Utilize data to support sourcing transactions and identify cost-saving opportunities and contract negotiations.
• Develop and deliver reporting on supplier risk management and sustainability.
• Serve as a lead for tool development, providing continuous process improvement.
• Provide reporting, analytical, and benchmark support using enterprise tools such as Google Suite, Workday, and ServiceNow, and external services for benchmarking and risk assessment of suppliers.
• Support changes to the procurement process and integration within existing tools.
• Support day to day operational tasks, including developing training for users, supporting the procurement team’s workflow management, and assisting with audits and data requests.
• Support Procurement Advisors in managing suppliers holistically for cost savings, performance improvements and value optimization.
• Proactively identify bottlenecks within the "Source-to-Pay" cycle and opportunities to improve the customer experience
• Identify and implement solutions leveraging AI and other technologies to automate manual workflows, enhance spend and supplier classifications, and streamline contract analysis and reporting for increased efficiency and stakeholder value.
• Develop business processes and training documentation to streamline operations and increase productivity.
• Support the continuous improvement of Third Party Risk Management processes to help monitor and govern TMX’s suppliers.
• Support the procurement transformational process to enhance capabilities aligned with business requirements.

Benefits

• Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.
• Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.
• Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.
• Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived!
• Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees