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About the Role

Help Scotiabank source the technologies shaping the future of banking. Scotiabank's Procurement function is driving strategic value, commercial discipline, and innovation as the Bank accelerates its digital and AI transformation. This role leads high-impact sourcing strategies across complex and fast-evolving technology domains, partnering with various departments to unlock enterprise value.

Responsibilities

Lead end-to-end sourcing for enterprise technology categories from opportunity assessment and market intelligence through negotiation, contracting, and benefits realization.
Build category strategies across SaaS, cloud, software licensing, infrastructure, and telecom anchored in spend analysis, supplier capability, and market trends.
Design and run competitive events (RFI/RFP/RFQ), including evaluation frameworks, shortlisting, negotiation strategy, and award recommendations.
Negotiate commercially strong agreements balancing TCO, consumption vs. subscription models, service levels, flexibility, exit rights, and long-term business needs.
Optimize the existing portfolio by identifying renewal, consolidation, license rationalization, and vendor rationalization opportunities.
Partner with Third-Party Risk, Legal, Compliance, and Finance to ensure alignment with policy, regulatory expectations, and the Bank's risk appetite.
Manage strategic supplier relationships, including performance, escalations, executive engagement, and continuous improvement.
Track and report pipeline, benefits, milestones, and commitments with discipline and transparency.
Act as a trusted advisor to Technology stakeholders and an escalation point on commercial and supplier matters with enterprise impact.
Understand and adhere to the Bank’s risk appetite, risk culture, and risk policies & processes in day-to-day activities and decisions.
Create an environment for effective and efficient operations, ensuring adequacy, adherence to, and effectiveness of day-to-day business controls to meet obligations regarding operational risk, regulatory compliance risk, AML/ATF risk, and conduct risk.
Build a high-performance environment and implements a people strategy that attracts, retains, develops, and motivates their team by fostering an inclusive work environment, using a coaching mindset, communicating vision/values/business strategy, and managing succession and development planning.

Requirements

MBA or Bachelor's degree in Business, Supply Chain, Finance, or related field; CPSM, CIPS, or equivalent is preferred.
5–10+ years of progressive experience in strategic sourcing, category management, or supplier management, with meaningful experience across technology categories and/or specific business areas like capital markets, wealth management, or retail banking.
Deep familiarity with SaaS pricing models, cloud consumption economics, software licensing (perpetual, subscription, token-based), and MSA/SOW constructs.
Strong commercial acumen and negotiation capability, backed by data-driven recommendations.
Proven ability to influence senior stakeholders (VP/SVP) and lead cross-functional teams through ambiguity.
Hands-on experience with spend analytics, supplier segmentation, TCO modelling, and benchmarking.
Understanding of third-party risk and regulatory expectations in financial services (or another regulated environment) is an asset.
Familiarity with e-sourcing, CLM, and supplier management platforms.

Skills

Strategic sourcing
Category management
Supplier management
Technology sourcing
SaaS pricing models
Cloud consumption economics
Software licensing
MSA/SOW constructs
Commercial acumen
Negotiation
Data-driven recommendations
Stakeholder influence
Cross-functional team leadership
Spend analytics
Supplier segmentation
TCO modelling
Benchmarking
Third-party risk management
Regulatory compliance
E-sourcing platforms
CLM platforms
Supplier management platforms

Location

Canada : Ontario : Toronto

Work Type

Full-time

Experience Level

5-10+ years

Education Level

MBA or Bachelor's degree
CPSM, CIPS, or equivalent preferred

Benefits

Annual bonus
Flexible vacation
Personal days
Sick days
Comprehensive benefits that start on your first day

About the Company

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.

Equal Opportunity

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.
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.