Sr. Manager, Strategic Sourcing (Fixed Term)

Fairstone Bank•Toronto, ON

1d•Hybrid

About The Position

Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig. Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products—residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending—we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers. Backed by nearly a century of lending experience through its legacy companies, Fairstone Bank and its brand family are proud to be Canada’s leading alternative lending bank. Home Trust: Home Trust Company has developed a track record of success as Canada’s leading alternative lender, employing nearly 800 people in our Toronto headquarters and branches across the country. Building on the demonstrated strength of its core residential mortgage lending business, the Company also offers complementary lending services, as well as highly competitive deposit investment products, through Oaken Financial. Our culture has been shaped by the passion and integrity of our people. Join Home Trust as a Sr Manager, Strategic Sourcing (Fixed Term), reporting to Director, Strategic Sourcing and Vendor Management, and be part of our talented and growing team! As a Senior Manager, Strategic Sourcing (Fixed Term), you will play a key leadership role in shaping how the organization partners with suppliers, manages third‑party risk, and drives value across the enterprise. You will lead strategic procurement initiatives, influence high‑impact decisions, and act as a trusted advisor to business, technology, legal, and risk teams. This role offers the opportunity to own a critical vendor portfolio, elevate procurement excellence, and help build a collaborative, high‑performing sourcing function within a regulated financial services environment.

Requirements

Bachelor’s degree in Business, Procurement, Supply Chain, or a related field (or equivalent experience).
8–10+ years of progressive experience in strategic sourcing, procurement, contract management, or vendor management.
Experience in financial services or a regulated industry is an asset.
Strong commercial and negotiation skills, with sound judgment in assessing risk, value, and business impact.
Proven ability to influence senior stakeholders and work effectively across business, legal, technology, and risk teams.

Nice To Haves

MBA would be an asset.

Responsibilities

Lead enterprise‑level strategic sourcing initiatives, from category strategy and market analysis through supplier selection, negotiation, and contract award.
Develop and execute category and sourcing strategies that optimize total cost of ownership, manage risk, and support business priorities.
Design and lead competitive sourcing and RFP processes, including evaluation frameworks and executive‑ready recommendations.
Serve as a hands‑on practitioner, with the ability to read, interpret, draft, and materially edit complex commercial contracts to safeguard the Company.
Negotiate complex, high‑value supplier agreements, applying strong commercial judgment and balancing value, risk, and operational considerations.
Act as a trusted advisor to senior stakeholders on sourcing options, supplier trade‑offs, and commercial decision‑making.
Oversee sourcing‑related vendor onboarding, due diligence, and B‑10 contract assessments as part of an integrated sourcing strategy.
Identify and drive cost‑saving and value‑creation opportunities, tracking benefits across the life of supplier agreements.
Coach and mentor team members and stakeholders on strategic sourcing methodologies and negotiation best practices, fostering a continuous improvement mindset.