Strategic Sourcing Manager II (US)

TD Bank•Mount Laurel, NJ

12d•Onsite

About The Position

The Strategy Sourcing Manager II is the lead on major category sourcing initiatives and/or portfolios and execution of the sourcing mandate for assigned portfolio(s). This role provides professional and specialized support on a range of complex/major sourcing initiatives and category portfolio. Acts as liaison with business / executives and provides sourcing expertise and recommendations to business partners to optimize Sourcing strategies to enable TD and business specific objectives and goals. Within category specialty, supports business partners by contributing to governance programs and management programs. Manages strategic sourcing strategies and initiatives that support TD and business partner needs and objectives as well as helps to mitigate risks to the organization. May provide guidance on Sourcing/outsourcing best practices. Leads supplier negotiations to maximize total cost of ownership in a given portfolio and work with business partners. Adheres to enterprise frameworks or methodologies that relate to sourcing activities for our business area. Ensures respective sourcing programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities. Consistently exercises discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate. Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets). Participates in cross-functional /SSG enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations. Conducts internal and external research projects; supports the development / delivery of presentations / communications to management or broader audience. Conducts meaningful SSG analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices. Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements. Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts. Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite. Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/ points of interest. Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit. Participates in personal performance management and development activities, including cross training within own team. Keeps others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities. Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices. Acts as a brand ambassador for the business area/function and the bank, both internally and/or externally. Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity. Impacts the achievement of sub-function or business line objectives within the area they are accountable for. Work is guided by policies and industry standards/methods.

Requirements

Post-Secondary Education and / or 7+ years of related experience
Highly seasoned professional role requiring substantial knowledge of Sourcing and procurement and/or knowledge of broader related areas
Act as liaison with business / executives and provides sourcing expertise and recommendations to business partners to optimize Sourcing strategies to enable TD and business specific objectives and goals
Within category specialty, supports business partners by contributing to governance programs and management programs
Manages category and strategic sourcing strategies and initiatives that support TD and business partner needs and objectives as well as help to mitigate risks to the organization
May provide guidance on Sourcing/outsourcing best practices
Presents research findings and make recommendations to management that support category and business partner strategies
Leads supplier negotiations to maximize total cost of ownership in a given category and work with business partners
Adheres to enterprise frameworks or methodologies that relate to sourcing activities for our business area
Ensures respective sourcing programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
Consistently exercises discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
Participates in cross-functional /SSG enterprise / initiatives as a subject matter expert helping to identify risk / provides guidance for complex situations
Conduct internal and external research projects; supports the development/ delivery of presentations / communications to management or broader audience
Conducts meaningful SSG analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
Monitors service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists
Leads / facilitates and/or implements actions / remediation plans to address performance / risk /governance issues
Actively manages relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements
Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest
Provides thought leadership and / or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit
Keeps current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
Participates in personal performance management and development activities, including cross training within own team
Keeps others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices
Leads, motivates and develops relationships with internal and external business partners / stakeholders to develop productive working relationships
Contributes to a fair, positive and equitable environment that supports a diverse workforce
Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally

Nice To Haves

Demonstrated experience of Procurement/Sourcing practices in the Consulting and Global Delivery space which includes ADM and BPO
Demonstrated experience of TD’s Risk Appetite Framework, TD’s Supplier Risk Management policies and Outsourcing guidelines
Knowledge and understanding of Procurement/Sourcing Consulting and Global Sourcing Program and Transition Methodology
Knowledge and understanding of the Supplier Management discipline, including experience as a Supplier Manager
Strong commercial acumen and business judgment
Strong drive and determination to flawlessly execute and deliver
Strong aptitude to impact and influence, written/verbal communication, negotiation, and presentation skills
Proven experience managing stakeholders and external 3rd-parties
Proven experience in business planning and delivery of objectives
Experience in Project Management with strong analytical skills
Strong understanding of contract law as it applies to the Global Delivery industry
Strong understanding of writing and interpreting Contracts
Strong time management and decisiveness skills

Responsibilities

Acts as liaison with business / executives and provides sourcing expertise and recommendations to business partners to optimize Sourcing strategies to enable TD and business specific objectives and goals
Within category specialty, supports business partners by contributing to governance programs and management programs
Manages strategic sourcing strategies and initiatives that support TD and business partner needs and objectives as well as helps to mitigate risks to the organization
May provide guidance on Sourcing/outsourcing best practices
Leads supplier negotiations to maximize total cost of ownership in a given portfolio and work with business partners
Adheres to enterprise frameworks or methodologies that relate to sourcing activities for our business area
Ensures respective sourcing programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
Consistently exercises discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
Participates in cross-functional /SSG enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
Conducts internal and external research projects; supports the development / delivery of presentations / communications to management or broader audience
Conducts meaningful SSG analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
Actively manages relationships within and across various business lines, corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements
Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/ points of interest
Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit
Participates in personal performance management and development activities, including cross training within own team
Keeps others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
Contributes to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices
Acts as a brand ambassador for the business area/function and the bank, both internally and/or externally
Leads cross-functional teams or projects with significant resource requirements, risk and / or complexity
Impacts the achievement of sub-function or business line objectives within the area they are accountable for
Work is guided by policies and industry standards/methods