Strategic Sourcing Manager- Senior

BMO is currently sourcing for a Strategic Sourcing Manager- Senior .This is a hybrid contract role in Toronto (3-4 days in office per week). Role Overview:This role supports the People & Culture team and the broader BMO enterprise by driving strategic sourcing initiatives. The Strategic Sourcing Manager- Senior leads sourcing strategies, supplier negotiations, and contract management to deliver value, reduce risk, and align with BMO’s purpose-driven culture. The position focuses on Human Resources categories including Administration Services, Benefits, Recruitment, Relocation, and Training.

Key Responsibilities:

Act as a trusted advisor to business partners, primarily within People & Culture. Lead end-to-end sourcing initiatives including RFI/RFP processes, supplier selection, and contract negotiations. Develop and execute category management frameworks and sourcing strategies. Conduct market assessments to identify preferred suppliers and evaluate risk. Collaborate with suppliers to drive innovation, create value, and mitigate risk. Incorporate supplier risk assessments into agreements, working with Legal, Regulatory Compliance, and Risk teams. Use data analysis and performance metrics to inform strategic recommendations and continuous improvement.

Must-Have Skills:

3-5 years of experience in strategic sourcing, procurement, and contract negotiations. Strong knowledge of sourcing and procurement processes and controls. Skilled in contract negotiation, business analysis, and project delivery. Proficient in Excel and data analysis. Ability to lead end-to-end sourcing and contract negotiation processes. Experience working in a large, complex organization with regulatory requirements. Comfortable making data-driven decisions and synthesizing insights from research.

Nice to Have Skills:

Experience in banking or financial institutions. Post-secondary degree in a related field or equivalent combination of education and experience.

Ideal Candidate:

Demonstrates assertiveness and excellent contract knowledge. Ability to influence offers and negotiate with senior stakeholders. Experience building strategic plans independently based on analysis. Capable of managing multiple sour