Procurement Specialist
Job Description
About the job
Typical Day in Role:
Track sourcing initiatives for multi-functional stakeholder teams, ensuring effective strategy development, market assessments, RFP processes, contract and supplier negotiation, and supplier management while enabling collaboration and innovation between stakeholders and suppliersMajor IT Software Sourcing categories maintenance and support services); Software and CloudManage SaaS in the technology software sourcing category within and across the Bank’s business segments, and serve as a key contributor to a well-developed and evolving supplier management processTriage incoming software sourcing intake requests and recommend distribution of software sub-categories such as databases, end-user computing, integration, business process management, etc.Proactively work with the Business Line VMOs and contract owners to understand business needs, business strategy, and pipeline of contract renewals to build an overall supplier contract strategy (consolidate and reduce contracts where opportunity exists)Lead business value through the development of high-quality and cost-effective supply relationships, while pursuing and championing total cost of ownership (TCO) savings directly by savings captured through leveraging Bank-wide purchasing volume, strategic supplier relationships, demand management, or indirect savings realized by driving innovation and or enhancing the overall effectiveness of the supply management process???Directly lead and implement best practices in sourcing initiativesCandidate Requirements/Must Have Skills:
3+ years’ experience as a Sourcing SpecialistExperience in sourcing/procurement from technology space (e.g. has worked with Oracle, IBM, CGI, TechM) either working in those organizations or having used the technologiesNice-To-Have Skills:
Experience from Financial Institutions, can come from tier 2 finance or insurance as wellExperience with CoupaExperience with ServiceNowProgressive software technology sourcing experience an asset
