Sourcing Manager - 58514 in Toronto

We are seeking a results-driven, highly adaptable Sourcing Manager to join a dynamic enterprise procurement team in a premier financial institution. In this role, you will quarterback end-to-end sourcing engagements across technology, commodities, and professional services in a fast-paced, heavily regulated environment.

While candidates with solid strategic sourcing backgrounds are encouraged to apply, top priority is placed on exceptional soft skills, including high-level executive stakeholder management, rapid decision-making, and strong project leadership. You will operate independently to shepherd high-priority business initiatives from intake through contract execution, directly impacting operational success across multiple lines of business.

Location: Toronto, ON (Hybrid: 4 days onsite, 1 day remote)

Contract Duration: 3 months (High likelihood of extension to 12+ months based on project funding)

Work Schedule: Monday – Friday, Core Business Hours (37.5 hours/week)

Pay Rate $58.27

Advantages

• High Extension Potential: While initially funded for 3 months due to project cycles, there is a very strong likelihood of extension to a 12+ month term.
• High-Impact Exposure: Direct, daily interaction with senior executives and key decision-makers across a top-tier corporate environment.
• Collaborative Culture: Join a supportive, highly respected team environment that values autonomy, growth, and professional development.

Responsibilities

• End-to-End Engagement Shepherding: Manage a portfolio of 20–25 concurrent sourcing engagements of varying complexity, driving projects from initial intake kickoff through supplier selection, risk assessments, and final contract execution.
• Executive Stakeholder Management: Act as a strategic partner to internal lines of business; present proposed sourcing pathways, recommendations, and market intelligence to senior leadership to secure buy-in.
• Commercial & Contract Negotiation: Negotiate commercial terms, pricing structures, and contractual agreements across a wide spectrum of complexities—ranging from standard Purchase Orders (POs) and Statements of Work (SOWs) to full Master Services Agreements (MSAs).
• Cross-Functional Risk Governance: Partner weekly with internal Risk and Oversight functions (e.g., Cybersecurity, Compliance, Financial Controls) to ensure potential vendors pass required vetting, governance, and assessment frameworks.
• Sourcing Strategy Execution: Evaluate market options to recommend optimal procurement routes, whether through sole-sourcing strategies or leading competitive market events (RFPs/RFQs).

Qualifications

Must-Have Qualifications

• Soft Skills & Executive Presence: Exceptional verbal/written communication, strong interpersonal acumen, time management, and proven success influencing senior-level stakeholders.
• Project Management Capability: Ability to run engagements like dedicated projects, managing multiple competing priorities with minimal supervision in a fast-paced environment.
• Negotiation & Contracting: Proven experience negotiating commercial terms and contract structures (e.g., SOWs, MSAs, POs)—specifically owning the contract execution process, not just reviewing documents.
• Regulated Industry Experience: Prior background navigating complex, highly regulated environments (Financial Services, Banking, or Healthcare preferred).
• Self-Starter Mindset: Proactive, highly resourceful, and able to hit the ground running with rapid decision-making skills.

Nice-to-Have Qualifications

• Post-secondary degree or formal Supply Chain/Procurement certifications.
• Familiarity with enterprise procurement tools, specifically SAP Ariba (contract repository) and Coupa (risk management).
• Broad category experience spanning technology (cloud, infrastructure, software), commodities, and professional services.

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