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Added 41 mins ago
RB
Senior Relationship Manager, Commercial Financial Services
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- Full-time
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Added 41 mins ago
RB
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Added 55 mins ago
CS
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Scotiabank

Senior Manager, Strategic Sourcing

Toronto, ON, M5H 4B6, Canada

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Job details

Apply by: Nov 18, 2026
Experience: 5–10+ years of progressive experience in strategic sourcing, procurement, category management, supplier management, or supply chain
Posting language: English
Posted: Nov 3, 2026

Original job description

Requisition ID: 278227

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Join Scotiabank at a pivotal time of transformation, where Procurement is driving strategic value and innovation. As the Bank accelerates its adoption of AI and digital capabilities, you’ll play a key role in shaping the future of sourcing within a global organization.

The Role

This is an opportunity for an experienced procurement leader to shape high-impact sourcing strategies across complex, enterprise-wide categories within Corporate Services, with a primary focus on Travel and Employee Transportation. As Senior Manager, Corporate Services Sourcing, you will bring market insight, commercial discipline, supplier expertise, and strong stakeholder influence to help the Bank unlock value, manage risk, and strengthen supplier performance.

You will partner with senior business leaders, category owners, risk partners, legal, finance, and supplier stakeholders to lead end-to-end sourcing initiatives - from opportunity assessment and market intelligence to negotiation, contracting support, implementation, and benefits tracking. The role is ideal for a procurement professional who enjoys solving complex business problems, influencing spend decisions, and creating measurable enterprise value beyond cost savings.

You will help advance a more strategic, data-driven, and consistent sourcing model across the Bank - strengthening category strategy, supplier partnerships, risk management, and procurement’s role as a trusted advisor to the business.

Is this role right for you? In this role, you will:

Lead complex, enterprise-wide sourcing initiatives across assigned categories, translating business priorities into clear category and sourcing strategies
Use spend analysis, market intelligence, supplier capability assessments, and demand insights to identify opportunities for savings, value creation, innovation, and risk reduction
Design and execute competitive sourcing events, including RFIs, RFPs, RFQs, evaluations, supplier shortlisting, negotiation strategies, and award recommendations
Negotiate commercially sound supplier agreements that balance total cost of ownership, service quality, risk, flexibility, and long-term business needs
Build trusted relationships with senior stakeholders and influence sourcing decisions through clear business cases, financial analysis, and procurement expertise
Partner with risk, legal, compliance, finance, and business teams to ensure sourcing activities align with internal policies, regulatory expectations, third-party risk standards, and the Bank’s risk appetite
Manage supplier relationships during strategic initiatives, including performance expectations, issue resolution, executive engagement, and continuous improvement opportunities
Identify consolidation, renewal, contract optimization, and supplier rationalization opportunities that improve commercial outcomes and operational efficiency
Track sourcing pipeline activity, benefits, risks, milestones, and stakeholder commitments to ensure disciplined execution and transparent reporting
Champion procurement best practices, including category planning, supplier relationship management, demand management, negotiation preparation, and benefits realization
Act as a strategic advisor and escalation point for supplier, commercial, and sourcing matters with potential enterprise impact
Support continuous improvement across procurement processes, tools, governance, and stakeholder engagement practices
Contribute to a client-focused, inclusive, and high-performance procurement culture that values collaboration, accountability, and measurable results

What you bring to the role:

Bachelor’s degree in Business, Supply Chain, Finance, Management, or a related field; Master’s degree is an asset
5–10+ years of progressive experience in strategic sourcing, procurement, category management, supplier management, or supply chain
Professional procurement designation such as CPM, CPSM, CSCMP, CIPS, or equivalent is preferred
Experience leading sourcing strategies in a large, complex, matrixed, or global organization
Strong commercial acumen, negotiation capability, and ability to build compelling sourcing recommendations supported by data and business insight
Proven ability to influence senior stakeholders, manage competing priorities, and lead cross-functional teams through ambiguity and change
Hands-on experience with spend analysis, supplier segmentation, market assessments, cost modelling, total cost of ownership, and benefits tracking
Understanding of third-party risk, regulatory expectations, and procurement governance within financial services or another highly regulated environment is an asset
Ability to interpret complex technical, operational, contractual, and financial information and translate it into practical supplier strategies
Excellent communication skills, including the ability to present clear recommendations, negotiate effectively, and build trust with business partners and suppliers
Familiarity with procurement technologies, e-sourcing tools, contract lifecycle management, supplier management platforms, analytics tools, or ERP systems
A continuous improvement mindset and commitment to delivering value, managing risk, and elevating procurement’s impact across the organization

Why this opportunity stands out:

The opportunity to influence enterprise-wide spend decisions and shape sourcing strategies across high-value categories
A role with visible impact, senior stakeholder exposure, and the ability to strengthen supplier partnerships, risk management, and business outcomes
A rewarding career path with diverse opportunities for professional development, mobility, and continued growth in procurement and enterprise leadership
A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day

Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
Accessibility and Workplace Accommodations - We value the unique skills and experiences every individual brings to the Bank and are committed to creating and maintaining an inclusive and accessible environment for everyone. Scotiabank continues to locate, remove and prevent barriers so that we can build a diverse and inclusive environment while meeting accessibility requirements.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.

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More about this job

Responsibilities

Lead enterprise-wide sourcing strategies and competitive sourcing events, primarily across Travel and Employee Transportation, from opportunity assessment through negotiation, contracting support, implementation, and benefits tracking. Partner with senior stakeholders and risk, legal, finance, and business teams to improve supplier performance, manage risk, optimize commercial outcomes, and advance procurement practices.

Requirements

Requires a bachelor’s degree in a relevant field and 5–10+ years of progressive experience in strategic sourcing, procurement, category management, supplier management, or supply chain; a master’s degree is an asset. Candidates should bring strong commercial and negotiation skills, data-driven sourcing expertise, senior stakeholder influence, and experience in complex organizations; a professional procurement designation is preferred.

Skills

Strategic Sourcing
Procurement
Category Management
Supplier Management
Negotiation
Spend Analysis
Market Intelligence
Cost Modelling
Total Cost of Ownership
Stakeholder Influence
Third-Party Risk Management
Contract Management
Benefits Tracking
Cross-Functional Leadership
Procurement Governance

Benefits

Bonus
Flexible Vacation
Personal Days
Sick Days
Comprehensive Benefits

Visa sponsorship

Not detected in the job text

Keywords

Strategic Sourcing
Procurement
Corporate Services
Travel
Employee Transportation
Category Strategy
Spend Analysis
Market Intelligence
Supplier Capability Assessment
Demand Management
RFI
RFP
RFQ
Supplier Evaluation
Negotiation
Total Cost of Ownership
Cost Modelling
Third-Party Risk
Procurement Governance
Contract Lifecycle Management
E-Sourcing Tools
Supplier Management Platforms
ERP Systems
Benefits Realization
Supplier Rationalization
Financial Services
CPM
CPSM
CIPS

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