Strategic Sourcing Manager II

TD•Toronto, ON

3d•CA$96,900 - CA$136,800•Onsite

About The Position

This role involves supporting senior managers and business line executives in procurement and sourcing. The Strategic Sourcing Manager II will act as a liaison with business partners, provide direction and support to achieve TD's objectives, and present research findings and recommendations. A key aspect of the role is leading or assisting with supplier negotiations and RPFs to maximize price and performance, and intervening in supplier negotiations when necessary. The position also requires ensuring adherence to enterprise frameworks, leading relationships with corporate functions, staying knowledgeable on emerging issues and regulatory requirements, and assessing potential impacts to the Bank. Risk management is a significant component, including identifying, mitigating, and reporting on risk issues, ensuring compliance with internal and external requirements, and overseeing remediation plans. The role also emphasizes cultivating a positive team culture, promoting inclusive leadership, enabling colleague growth through development and recognition, and fostering a continuous learning environment. It involves leading through change, creating psychological safety, and driving a high-performance culture through setting targets, feedback, and coaching. The role operates within an area of moderate risk, complexity, or scope, requiring an integrated approach with other business areas and effective stakeholder management. A deep understanding of businesses, technology, and organizational practices is necessary, along with knowledge of external competition and market trends. Specifically, strong knowledge of AI and IT/software vendors, solutions, and market trends is crucial for informing sourcing strategies. The role involves evaluating AI commercial models and leading procurement strategies to optimize cost, scalability, and risk alignment, focusing on short to medium-term issues (6-12 months).

Requirements

7+ years of related experience
Post-Secondary Education

Nice To Haves

Deep knowledge and understanding of businesses / technology, and organizational practices/ disciplines
Sound to advanced knowledge of external competition, industry and/or market trends in relation to own function / business
Focus on short to medium-term issues (e.g. 6-12 months)

Responsibilities

Assist Senior Managers in supporting business line senior executives
Act as liaison with business partners and provide direction and support and enable TD and business specific objectives and goals
Present research findings and make recommendations to management that support category and business partner strategies
Lead or assist with supplier negotiations/RPFs to maximize price/performance in a given category and work with business partners to influence or intervene in supplier negotiations when necessary
Ensure team adheres to enterprise frameworks and methodologies related to overall business management activities
Lead relationships with corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
Support team in staying knowledgeable on emerging issues, trends and evolving regulatory requirements and assess potential impacts to the Bank
Assess / identify key issues and escalate to appropriate levels and relevant stakeholders and business management where required
Identify, mitigate and report on risk issues per enterprise policy / guidance and ensure appropriate escalation processes are followed
Ensure 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)
Lead relationships with business lines / corporate and/or control functions to ensure alignment with enterprise and/or regulatory requirements
Lead or contribute to cross-functional / enterprise initiatives as an organizational or subject matter expert helping to identify risk / provide guidance for complex situations
Protect the interests of the organization – identify and manage risks, and escalate non-standard, high risk transactions / activities as necessary
Manage oversight process, risk-based identification and monitoring of related risks and regulatory compliance across the supported functions, while ensuring key controls and processes are effectively managed
Oversee or lead the facilitation and/or implementation of action / remediation plans to address performance / risk / governance issues
Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
Cultivate and model the Colleague Promise to support colleague growth, and a culture of care; make an impact at work and in our communities by leading with authenticity and supporting well being to represent TD's brand
Connect the alignment of colleague's contributions with the TD Shared Commitments
Engage is a diverse team where every colleague and customer are valued, respected, and listened to; committed to a common goal and collaborate to move with speed and get things done
Demonstrate inclusive leadership by taking meaningful action with intention to support colleagues and customers across all dimensions of diversity, including those from underrepresented communities, being actively anti-racist, attracting and retaining diverse slate of candidates, nurturing mutual respect, inclusivity of thought and collaboration to drive successful results
Enable colleague growth by encouraging colleague development to achieve career and business objectives; ensuring timely motivating appreciation and recognition to all colleagues
Enable a continuous learning culture by proactively seeking, listening to and actioning feedback from peers and from colleague listening opportunities to continuously improve the colleague experience and grow your personal leadership
Model sharing of knowledge, information, skills, and subject matter expertise among the team; ensure timely management and escalation of issues, and lead collaboration with other functions and teams
Lead through change and create an environment where teams feel psychologically safe to challenge current practices by modeling resiliency and flexibility, providing direction on changing priorities and empowering colleagues to drive innovation
Engage in a high-performance culture by setting team targets and objectives, facilitating on-going and proactive feedback/coaching and conducting Quarterly Check-Ins for all colleagues to drive accountability and business results
Engage with a team of professionals and overall operation of a diverse group in an area of moderate risk, complexity or scope, while growing talent, developing skills and capabilities to achieve career goals, support project / initiative success and achieve business results
Ensure an integrated approach with other business areas, broader organization, and enterprise as appropriate
Coordinates and prioritizes multiple initiatives and manages resource allocation
Establishes effective relationships with different Stakeholders, Business Sponsors, Executives and LOB
Provides support and contributes to the overall discipline and strategy for respective areas
Demonstrates strong knowledge of AI and IT/software vendors, solutions, and evolving market trends to inform sourcing strategies and business decisions
Evaluates AI commercial models (e.g., consumption, licensing) and leads procurement strategy to optimize cost, scalability, and risk alignment