Senior Manager, Technology Sourcing

Scotiabank•Toronto, ON

1d•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 Senior Manager, Technology Sourcing, you'll lead high-impact sourcing strategies across some of the Bank's most complex and fastest-evolving technology categories. You'll partner with Technology, Risk, Legal, Finance, and senior business leaders to unlock enterprise value across SaaS, cloud & hyperscalers, infrastructure, software, networks. This is a role for a commercially sharp procurement leader who thrives on solving complex problems, influencing spend decisions, and delivering measurable outcomes beyond savings.

Requirements

Bachelor's degree in Business, Supply Chain, Finance, or related; CPSM, CIPS, or equivalent is preferred.
5–10+ years of progressive experience in strategic sourcing, category management, or supplier management — with meaningful exposure to technology categories.
Deep familiarity with SaaS pricing models, cloud consumption economics, software licensing (perpetual, subscription, token-based), and MSA/SOW constructs.
Strong commercial acumen and negotiation capability, backed by data-driven recommendations.
Proven ability to influence senior stakeholders (VP/SVP) and lead cross-functional teams through ambiguity.
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) is an asset.
Familiarity with e-sourcing, CLM, and supplier management platforms.

Responsibilities

Lead end-to-end sourcing for enterprise technology categories from opportunity assessment and market intelligence through negotiation, contracting, and benefits realization.
Build category strategies across SaaS, cloud, software licensing, infrastructure, and telecom anchored in spend analysis, supplier capability, and market trends.
Design and run competitive events (RFI/RFP/RFQ), including evaluation frameworks, shortlisting, negotiation strategy, and award recommendations.
Negotiate commercially strong agreements balancing TCO, consumption vs. subscription models, service levels, flexibility, exit rights, and long-term business needs.
Optimize the existing portfolio: identify renewal, consolidation, license rationalization, and vendor rationalization opportunities.
Partner with Third-Party Risk, Legal, Compliance, and Finance to ensure alignment with policy, regulatory expectations, and the Bank's risk appetite.
Manage strategic supplier relationships — performance, escalations, executive engagement, and continuous improvement.
Track and report pipeline, benefits, milestones, and commitments with discipline and transparency.
Act as a trusted advisor to Technology stakeholders and an escalation point on commercial and supplier matters with enterprise impact.
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.