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About the Role

The Manager, Strategic Sourcing is responsible for executing strategic sourcing initiatives, managing assigned spend categories, and overseeing vendor relationships to deliver commercial value, manage third-party risk, and support business priorities. This role works closely with business, technology, legal, and risk partners to design and implement sourcing strategies, negotiate commercially sound supplier arrangements, and ensure compliance with internal policies and regulatory requirements within a regulated financial services environment.

Responsibilities

Execute strategic sourcing initiatives across assigned categories, from market analysis and supplier evaluation through negotiation and contract award.
Support the development and execution of category and sourcing strategies that optimize value, manage risk, and align with business needs.
Lead competitive sourcing and RFP processes, including preparing documentation, coordinating supplier participation, conducting supplier analysis, applying evaluation scoring, and developing award recommendations.
Act as a hands-on practitioner by reading, interpreting, drafting, and editing commercial contracts, escalating complex issues as appropriate.
Negotiate supplier agreements within defined authority levels, balancing cost, risk, and service considerations to achieve favorable outcomes.
Support vendor onboarding activities, including due diligence and B-10 contract assessments, ensuring alignment with governance frameworks and regulatory requirements.
Identify and contribute to cost-saving and value-creation opportunities within assigned categories, leveraging market insights and supplier capabilities.
Maintain strong working relationships with internal stakeholders and external vendors, supporting issue resolution and ongoing performance management.
Apply and promote sourcing best practices, tools, and processes to support consistency, compliance, and continuous improvement across the procurement and vendor management function.
Collaborate closely with cross-functional partners in business, legal, technology, and risk teams to align sourcing strategies with organizational priorities.
Support vendor risk management by assessing supplier capabilities, monitoring performance, and contributing to mitigation strategies where needed.
Contribute to procurement and vendor management projects, ensuring timely execution, effective communication, and alignment with strategic objectives.

Requirements

Bachelor’s degree in Business, Procurement, Supply Chain, or a related field, or equivalent experience.
5–7+ years of experience in strategic sourcing, procurement, contract management, or vendor management.
Proven experience in procurement, purchasing, and strategic sourcing across multiple categories.
Strong contract management skills, including the ability to read, interpret, draft, and edit commercial contracts.
Solid commercial and negotiation skills, with the ability to assess cost, risk, and business impact when negotiating supplier agreements.
Demonstrated experience leading RFP and competitive sourcing processes, including supplier evaluation and award recommendations.
Experience in vendor management, supplier management, and vendor risk assessment.
Ability to work effectively with cross-functional partners across business, legal, technology, and risk teams.
Strong skills in contract negotiation and supplier negotiation, with a focus on balancing cost, risk, and service.
Experience with project management in a procurement or sourcing context.
Familiarity with procurement or ERP tools such as SAP.
Ability to apply sourcing best practices, tools, and processes to drive consistency and continuous improvement.
Experience in financial services or a regulated industry is an asset.
Exposure to vendor risk management practices and governance frameworks.
Knowledge of B-10 contract assessments and regulatory expectations related to third-party risk is an advantage.
Strong analytical skills to support market analysis, supplier evaluation, and value identification.
Effective communication and relationship-building skills to collaborate with internal stakeholders and external suppliers.
Ability to manage multiple sourcing initiatives simultaneously while maintaining attention to detail.
Comfort working in a hands-on, execution-focused role within a small, collaborative team environment.
Interest in contributing to the continued maturity of procurement and vendor management processes and capabilities.
Flexibility to adapt to evolving business needs, priorities, and regulatory requirements.

Skills

Strategic Sourcing
Procurement
Contract Management
Vendor Management
Negotiation
RFP Process Management
Supplier Evaluation
Risk Assessment
Project Management
SAP
Financial Services Industry
Regulatory Compliance
Analytical Skills
Communication Skills
Relationship Building

Location

Toronto, ON

Work Type

Hybrid
Contract

Experience Level

5-7+ years

Education Level

Bachelor's degree in Business, Procurement, Supply Chain, or related field, or equivalent experience

Salary/Compensations

$55.00 - $62.00/hr

About the Company

Aston Carter provides world-class corporate talent solutions to thousands of clients across the globe. Specialized in accounting, finance, human resources, talent acquisition, procurement, supply chain and select administrative professions, we extend the capabilities of industry-leading companies. We draw on our deep recruiting expertise and expansive network to meet the evolving needs of our clients and talent community with agility and excellence. With offices across the U.S., Canada, Asia Pacific and Europe, Aston Carter serves many of the Fortune 500. We are proud to be a ClearlyRated Best of Staffing® Platinum Award winner for both client and talent service.

Equal Opportunity

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please email astoncarteraccommodation@astoncarter.com for other accommodation options.
Pursuant to the San Francisco Fair Chance Ordinance, for all positions located in the city and county of San Francisco, we will consider for employment qualified applicants with arrest and conviction records.
We may use Artificial Intelligence (AI) to support parts of our hiring process, including sourcing, screening, and evaluating candidates. AI helps assess applications and qualifications, but final decisions are made by our hiring team. By applying, you acknowledge and agree that your application may be reviewed using AI tools.