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Momentum Financial Services Group

Director, Procurement

Toronto, ON, Canada

Please note: The salary range for this position is between C$ 150,000 to C$ 160,000 · Full-time

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Job details

Pay: Please note: The salary range for this position is between C$ 150,000 to C$ 160,000
Job type: Full-time
Apply by: Nov 6, 2026
Posting language: English
Posted: Oct 8, 2026

Original job description

Who We Are

At Momentum Financial Services Group, we help people move forward by reimagining how money works for those who need it most. With more than 40 years of experience, we're the team behind Money Mart - Canada's largest non-bank branch network - and a leader in financial solutions for underserved communities.

From short-term loans to money transfers and prepaid cards, we power the products, technology, and operations that connect over a million customers a year to the money they need, when they need it.

At MFSG, we come together across teams and departments to create something bigger than ourselves: solutions that remove barriers and give people access to money they might not get anywhere else. Whether you're solving problems, building systems, or shaping strategy, your work fuels real support for real people.

We've Got You Covered

Compensation Philosophy: Our strategy is simple - we aim to match the market. We regularly review industry standards to ensure our total rewards package is competitive and fair. This commitment helps us attract and retain talented individuals who share our purpose.

Discretionary Annual Bonus: Enjoy the opportunity for a discretionary bonus based on individual performance and company success.

Comprehensive Benefits: Our benefits include health and dental plans with 100% of the premiums covered. We also offer an Employee Assistance Program to support your mental well-being and provide resources for personal challenges.

Retirement Plans: Plan for your future with our robust retirement savings options, ensuring you're set for the long haul.

Hybrid Work Environment: Experience the best of both worlds with our hybrid work model, allowing you to balance remote work with in-office. When you're at our corporate head office, enjoy a relaxed and collaborative environment featuring breakout rooms for brainstorming and unwinding, plus a variety of snacks to keep you energized throughout the day.

Perks and Rewards: Enjoy reimbursement for tuition assistance and professional development, discounts through Perkopolis and participate in our rewards and recognition programs to celebrate your contributions.

Please note: The salary range for this position is between C$ 150,000 to C$ 160,000

Director, Procurement

The Job: Momentum Financial Services Group is seeking an experienced Director, Procurement to lead the execution and continued development of our enterprise procurement and vendor management function. Reporting to the VP, Procurement, this role will provide strategic and operational leadership across procurement strategy, category planning, strategic sourcing, complex commercial negotiations, supplier governance, vendor performance and procurement operations.

You'll work closely with senior business leaders and partners across Legal, Finance, Information Security, Risk and Operations to translate business needs and spend insights into actionable sourcing strategies, measurable savings, stronger supplier performance and effective contract outcomes. You'll also provide leadership, coaching and prioritization to Procurement team members while helping mature procurement practices and capabilities across the organization.

What You'll Do

Develop and execute annual procurement plans, category strategies, sourcing pipelines and savings initiatives aligned with business and financial priorities.
Use spend, market, supplier and demand analysis to identify opportunities for cost optimization, supplier consolidation, competitive sourcing and contract improvement.
Establish sourcing and negotiation strategies across key categories including IT, SaaS/software, AI, cloud, telecom, hardware, professional services and operational suppliers.
Lead high-value and business-critical sourcing engagements from initial intake and market assessment through competitive sourcing, negotiation, approval and contract execution.
Lead RFIs, RFQs and RFPs, including evaluation criteria, stakeholder scoring, commercial analysis, recommendations and executive business cases.
Lead complex supplier negotiations covering pricing, service levels, liability, risk allocation, implementation commitments, renewal protections and other key commercial and contractual terms.
Partner with Legal, Information Security, Risk, Finance and other control functions to resolve complex contractual and supplier-risk issues.
Oversee contract renewals, amendments, change orders and Statements of Work, ensuring appropriate commercial value, deliverables, acceptance criteria and governance.
Maintain procurement policies, sourcing and contracting playbooks, approval standards and compliance controls.
Support effective supplier onboarding, due diligence, governance and third-party risk management processes.
Lead supplier performance management, including scorecards, service reviews, QBRs, remediation plans, executive escalations and renewal decisions for critical suppliers.
Maintain visibility into contract obligations, upcoming renewals, supplier concentration, service issues and commercial exposures.
Own procurement reporting, dashboards, sourcing pipelines, renewal calendars and spend analytics.
Establish and monitor procurement KPIs including savings, cost avoidance, sourcing activity, cycle time, contract completion, supplier performance and onboarding progress.
Drive procurement transformation and process improvement through automation, workflow redesign, standardized processes and effective use of procurement technology.
Lead, coach and develop Procurement team members, allocate priorities and build capabilities across sourcing, commercial negotiations, analytics and stakeholder management.
Build trusted relationships with senior business leaders and represent Procurement in cross-functional governance and strategic supplier discussions.

What You'll Bring to the Table

Strong strategic sourcing and category management expertise, with the ability to translate business requirements into effective procurement strategies.
Deep experience negotiating complex technology and commercial agreements, particularly across SaaS, cloud, AI, hardware, telecom and professional services.
Strong understanding of supplier governance, vendor performance and third-party risk management within regulated environments.
Demonstrated ability to identify and deliver measurable savings, cost avoidance and commercial value.
Strong commercial judgment with knowledge of contract structures, pricing models, service levels, liability allocation, implementation commitments and supplier remedies.
Advanced analytical and financial capabilities across spend analysis, forecasting, total cost of ownership, benchmarking and executive reporting.
Strong executive communication, influencing and negotiation skills, with the ability to provide clear recommendations and navigate competing priorities.
Proven ability to build relationships across Legal, Finance, Information Security, Risk, Technology and business leadership.
A collaborative but appropriately challenging approach to procurement, balancing business enablement with governance, commercial discipline and risk management.
Strong leadership skills with the ability to coach, develop and prioritize the work of Procurement team members.

Requirements

12+ years of progressive experience in procurement, strategic sourcing, vendor management and/or commercial contracting.
Demonstrated experience leading complex, high-value and business-critical sourcing and negotiation engagements.
At least 5 years of procurement experience within financial services.
Strong experience negotiating technology agreements across SaaS, AI, cloud, hardware, telecom and professional services.
Demonstrated experience developing category strategies, leading competitive sourcing events and preparing executive-level business cases.
Experience managing supplier governance and performance within a regulated environment.
Understanding third-party risk, privacy, information security, regulatory and governance requirements.
Demonstrated people leadership, coaching, work allocation and quality oversight experience.
Advanced proficiency with Microsoft Excel.
Ability to collaborate effectively with stakeholders across North American time zones in a remote working environment.

Nice to Haves (Preferred)

Formal people-management experience leading Procurement and/or Strategic Sourcing teams.
Experience within highly regulated financial services organizations.
Experience implementing, optimizing or transforming enterprise procurement processes and operating models.
Experience with CLM, ERP, source-to-contract or procurement platforms such as GEP, Coupa, SAP Ariba or Ivalua.
Experience driving procurement automation, workflow improvements and reporting/dashboard enhancements.
Professional procurement or supply-chain designation such as SCMP, CPSM or equivalent.
Relevant master's degree.

Education and Experience

Bachelor's degree in Business, Supply Chain, Finance, Law or a related discipline.
12+ years of progressive procurement, strategic sourcing, vendor management and/or commercial contracting experience.
Minimum 5 years of procurement experience within financial services.
Significant experience managing complex, enterprise-level supplier negotiations and technology sourcing engagements.
Demonstrated experience providing strategic procurement guidance to senior and executive-level stakeholders.
Relevant master's degree and/or professional procurement designation is considered an asset.

Committed to Equal Opportunity:

MFSG is committed to accommodating applicants up to the point of undue hardship during the recruitment, assessment and selection process. If you are selected for an interview, please notify MFSG if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, MFSG will work with you to determine how to meet your needs.

#JS

About MFSG – Our Commitment To Responsible Innovation

At MFSG, we are committed to building innovative solutions grounded in ethical, transparent, and responsible use of data and technology. Aligned with the principles outlined in Canada's Artificial Intelligence and Data Act (AIDA), we take a proactive approach to ensuring that any AI or data-driven systems we use are safe, fair, and accountable.

This posting is for a current position within our organization, offering the opportunity to contribute to meaningful, responsible innovation that supports our employees, clients, and communities.

We prioritize strong data governance, clear communication around how systems work, and safeguards that reduce risks and protect individuals. Our focus is on developing tools and processes that promote equity, reliability, and trust, supported by ongoing monitoring and continuous improvement.

Joining MFSG means contributing to a future-focused organization that values both innovation and integrity, where your work helps shape solutions that responsibly support our employees, clients, and communities.

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More about this job

Responsibilities

Lead enterprise procurement strategy, category planning, sourcing, complex negotiations, contract outcomes, supplier governance, and procurement operations. Develop the procurement team and improve processes, reporting, and supplier performance in partnership with senior leaders and control functions.

Requirements

Requires 12+ years of progressive procurement, strategic sourcing, vendor management, or commercial contracting experience, including at least five years in financial services and substantial technology sourcing and negotiation experience. A bachelor's degree in a relevant discipline is required, along with demonstrated leadership, supplier governance, analytical, and stakeholder-management capabilities.

Skills

Strategic Sourcing
Category Management
Vendor Management
Commercial Negotiation
Contract Management
Supplier Governance
Third-Party Risk Management
Spend Analysis
Financial Analysis
Technology Procurement
Stakeholder Management
People Leadership
Procurement Transformation
Microsoft Excel
Executive Communication

Benefits

Discretionary Annual Bonus
Health Insurance
Dental Insurance
Employee Assistance Program
Retirement Savings Plans
Tuition Assistance
Professional Development
Employee Discounts
Rewards and Recognition Programs

Visa sponsorship

Not detected in the job text

Keywords

Strategic Sourcing
Category Strategies
Procurement Planning
Vendor Management
Supplier Governance
Supplier Performance
Third-Party Risk Management
Financial Services
SaaS
Cloud
Artificial Intelligence
Telecommunications
Hardware
Professional Services
RFI
RFQ
RFP
Contract Lifecycle Management
Spend Analytics
Cost Optimization
Savings Initiatives
Total Cost of Ownership
Microsoft Excel
GEP
Coupa
SAP Ariba
Ivalua
SCMP
CPSM
Procurement Automation

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