Vendor Manager IV

Job Title: Vendor Manager

Duration: 1 Year

Work Model: Hybrid – 2 days onsite at 160 Front Street West (increases to 4 days/week in November)

Candidate Profile:

• Education: Post-secondary education required
• Experience: 5–7 years in vendor/sourcing management
• Industry Experience: Ideally from financial institutions
• Ariba Experience: Highly preferred
• Interaction with Stakeholders: 100%
• Project Scope:
• Drive sourcing strategies
• Ensure value for money
• Supplier management

Team Size: 7

Selling Points:

• Exposure to large-scale sourcing projects
• Work with high-profile vendors
• Collaborative and professional environment

Responsibilities:Customer-Facing:

• Act as liaison between business and sourcing teams
• Provide expert sourcing advice to align with business goals
• Lead negotiations with suppliers to ensure optimal terms

Operational/Strategic:

• Develop and execute sourcing strategies aligned with organizational needs
• Ensure all procurement activities meet compliance and internal controls
• Lead contract negotiations and performance tracking
• Identify and mitigate risks in supplier relationships
• Maintain strong relationships with internal stakeholders

Team/Collaboration:

• Actively participate in team activities
• Promote innovation, service quality, and teamwork
• Foster a diverse and inclusive working environment

Required Skills:

• Advanced negotiation experience, especially with complex IT solutions
• Strong relationship management and stakeholder communication skills
• Executive-level presentation and reporting abilities
• Experience in strategic sourcing and supplier development
• Strong knowledge of contract management and performance metrics
• Risk management in sourcing and vendor performance
• Experience working with senior leadership

Nice to Have:

• Ariba, SAP, and Coupa Risk module experience
• 5+ years contract negotiation and management experience
• Experience preparing reports and updates for executive stakeholders
• Experience in regulatory compliance, outsourcing, and supplier governance