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Full-Time
On-Site

Strategic Sourcing Manager II

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Description

The Strategic Sourcing Manager II at The Toronto-Dominion Bank will act as a crucial link between business units and procurement, offering expert sourcing advice and recommendations. This role involves developing and executing strategic sourcing initiatives for the Payments portfolio, leading supplier negotiations to achieve optimal total cost of ownership, and ensuring compliance with enterprise frameworks and regulatory requirements. The manager is also responsible for conducting research and analysis, driving process improvements, fostering strong stakeholder relationships, and contributing to team development and risk management within the Procurement & Sourcing line of business.

What We're Looking For

Act as liaison with business / executives and provide sourcing expertise and recommendations to business partners to optimize Sourcing strategies to enable TD and business specific objectives and goals in support of the Payments portfolio.,Within category specialty, support business partners by contributing to governance programs and management programs.,Manage 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.,Present research findings and make recommendations to management that support category and business partner strategies.,Lead supplier negotiations to maximize total cost of ownership in a given category and work with business partners.,Adhere to enterprise frameworks or methodologies that relate to sourcing activities for our business area.,Ensure respective sourcing programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities.,Consistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriate.,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).,Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience.,Conduct meaningful sourcing analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices.,Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exist.,Lead / facilitate and/or implement actions / remediation plans to address performance / risk /governance issues.,Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements.,Keep current on 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.,Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensure timely communication of issues/ points of interest.,Provide thought leadership and / or industry knowledge for own area of expertise and participate in knowledge transfer within the team and business unit.,Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques.,Participate in personal performance management and development activities, including cross training within own team.,Keep 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.,Contribute to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.,Lead, motivate and develop relationships with internal and external business partners / stakeholders to develop productive working relationships.,Contribute to a fair, positive and equitable environment that supports a diverse workforce.,Act as a brand ambassador for your business area/function and the bank, both internally and/or externally.,Manage a portfolio of Payments-related sourcing engagements across a range of complexity and risk levels.,Integrate knowledge of the enterprise sub-function’s or business line’s overarching strategy in developing solutions across multiple functions or operations.,Lead multiple priorities simultaneously, adjusting the approach based on business urgency and engagement scope.,Interpret internal/external business challenges and the industry environment, recommends course of action and best practices to improve products, processes or services.,Act as a technical expert / lead integrating cross-function understanding within their own field of specialty.,Independently manage end-to-end functional programs.,Solve or may lead others to solve complex problems; leads efforts or partners with others to develop new solutions.,Use sophisticated analytical thought to exercise judgement and identify solutions.,Impact the achievement of sub-function or business line objectives within the area they are accountable for.,Communicate difficult concepts; convert information to compelling business context and advice; influence and gain alignment across increasingly senior stakeholders.,Work autonomously as the lead and guide others within area of expertise.

Ideal Candidate

Post-Secondary Education and / or 7+ years of related experience.

Minimum Education

Post-Secondary Education

Hard Skills

Sourcing
Procurement
Supplier Negotiation
Category Management
Strategic Sourcing
Financial Controls
Risk Management
Data Analysis

Soft Skills

Liaison
Communication
Presentation Skills
Stakeholder Management
Relationship Management
Problem Solving
Critical Thinking
Mentorship
Teamwork
Leadership
Influence
Autonomy
Adaptability

Work Hours

37.5 hours/week

Benefits

Base salary
Variable compensation
Health and well-being benefits
Savings and retirement programs
Paid time off
Banking benefits and discounts
Career development
Reward and recognition programs

About the Company

T

The Toronto-Dominion Bank

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group, one of the largest banks in North America. TD provides a wide range of personal, commercial, and investment banking products and services to over 27 million customers globally. Headquartered in Toronto, Canada, the bank operates through key segments including Canadian Retail, U.S. Retail, and Wholesale Banking.

Inclusive
Community-focused
Professional
Growth-oriented
Caring
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