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About the Role

Momentum Financial Services Group is seeking an experienced Director, Procurement to lead the execution and continued development of our enterprise procurement and vendor management function. This role will provide strategic and operational leadership across procurement strategy, category planning, strategic sourcing, complex commercial negotiations, supplier governance, vendor performance, and procurement operations. You will work closely with senior business leaders and partners across Legal, Finance, Information Security, Risk, and Operations to translate business needs and spend insights into actionable sourcing strategies, measurable savings, stronger supplier performance, and effective contract outcomes. You will also provide leadership, coaching, and prioritization to Procurement team members while helping mature procurement practices and capabilities across the organization.

Responsibilities

Develop and execute annual procurement plans, category strategies, sourcing pipelines, and savings initiatives aligned with business and financial priorities.
Use spend, market, supplier, and demand analysis to identify opportunities for cost optimization, supplier consolidation, competitive sourcing, and contract improvement.
Establish sourcing and negotiation strategies across key categories including IT, SaaS/software, AI, cloud, telecom, hardware, professional services, and operational suppliers.
Lead high-value and business-critical sourcing engagements from initial intake and market assessment through competitive sourcing, negotiation, approval, and contract execution.
Lead RFIs, RFQs, and RFPs, including evaluation criteria, stakeholder scoring, commercial analysis, recommendations, and executive business cases.
Lead complex supplier negotiations covering pricing, service levels, liability, risk allocation, implementation commitments, renewal protections, and other key commercial and contractual terms.
Partner with Legal, Information Security, Risk, Finance, and other control functions to resolve complex contractual and supplier-risk issues.
Oversee contract renewals, amendments, change orders, and Statements of Work, ensuring appropriate commercial value, deliverables, acceptance criteria, and governance.
Maintain procurement policies, sourcing and contracting playbooks, approval standards, and compliance controls.
Support effective supplier onboarding, due diligence, governance, and third-party risk management processes.
Lead supplier performance management, including scorecards, service reviews, QBRs, remediation plans, executive escalations, and renewal decisions for critical suppliers.
Maintain visibility into contract obligations, upcoming renewals, supplier concentration, service issues, and commercial exposures.
Own procurement reporting, dashboards, sourcing pipelines, renewal calendars, and spend analytics.
Establish and monitor procurement KPIs including savings, cost avoidance, sourcing activity, cycle time, contract completion, supplier performance, and onboarding progress.
Drive procurement transformation and process improvement through automation, workflow redesign, standardized processes, and effective use of procurement technology.
Lead, coach, and develop Procurement team members, allocate priorities, and build capabilities across sourcing, commercial negotiations, analytics, and stakeholder management.
Build trusted relationships with senior business leaders and represent Procurement in cross-functional governance and strategic supplier discussions.

Requirements

12+ years of progressive experience in procurement, strategic sourcing, vendor management, and/or commercial contracting.
Demonstrated experience leading complex, high-value, and business-critical sourcing and negotiation engagements.
At least 5 years of procurement experience within financial services.
Strong experience negotiating technology agreements across SaaS, AI, cloud, hardware, telecom, and professional services.
Demonstrated experience developing category strategies, leading competitive sourcing events, and preparing executive-level business cases.
Experience managing supplier governance and performance within a regulated environment.
Understanding of third-party risk, privacy, information security, regulatory, and governance requirements.
Demonstrated people leadership, coaching, work allocation, and quality oversight experience.
Advanced proficiency with Microsoft Excel.
Ability to collaborate effectively with stakeholders across North American time zones in a remote working environment.

Skills

Strategic sourcing
Category management
Procurement strategy
Strategic sourcing
Category management
Complex commercial negotiations
Supplier governance
Vendor performance management
Procurement operations
Spend analysis
Market analysis
Supplier analysis
Demand analysis
Cost optimization
Supplier consolidation
Competitive sourcing
Contract improvement
Sourcing strategies
Negotiation strategies
IT procurement
SaaS procurement
AI procurement
Cloud procurement
Telecom procurement
Hardware procurement
Professional services procurement
Operational supplier procurement
RFI/RFQ/RFP leadership
Commercial analysis
Executive business case development
Contract negotiation
Risk management
Contract renewals
Contract amendments
Change order management
Statement of Work (SOW) management
Procurement policy development
Sourcing playbook development
Contracting playbook development
Approval standards
Compliance controls
Supplier onboarding
Supplier due diligence
Third-party risk management
Supplier performance management
Contract obligation tracking
Renewal calendar management
Supplier concentration analysis
Commercial exposure analysis
Procurement reporting
Dashboard creation
Sourcing pipeline management
Spend analytics
KPI establishment and monitoring
Procurement transformation
Process improvement
Automation
Workflow redesign
Standardized processes
Procurement technology utilization
Team leadership
Coaching
Work prioritization
Capability building
Stakeholder management
Relationship building
Cross-functional collaboration
Formal people-management
Procurement process implementation
Procurement process optimization
Procurement process transformation
Procurement operating model implementation
Procurement operating model optimization
Procurement operating model transformation
CLM platform experience
ERP platform experience
Source-to-contract platform experience
GEP platform experience
Coupa platform experience
SAP Ariba platform experience
Ivalua platform experience
Procurement automation
Workflow improvement
Reporting enhancement
Dashboard enhancement
SCMP designation
CPSM designation
Master's degree

Location

Remote

Work Type

Hybrid
Full-time

Experience Level

Director
12+ years of progressive experience
5+ years of procurement experience within financial services
Significant experience managing complex, enterprise-level supplier negotiations and technology sourcing engagements
Demonstrated experience providing strategic procurement guidance to senior and executive-level stakeholders

Education Level

Bachelor's degree in Business, Supply Chain, Finance, Law or a related discipline
Relevant master's degree
Professional procurement or supply-chain designation

Salary/Compensations

C$ 150,000 to C$ 160,000

Benefits

Discretionary annual bonus based on individual performance and company success
Health and dental plans with 100% of the premiums covered
Employee Assistance Program
Retirement savings options
Reimbursement for tuition assistance
Reimbursement for professional development
Discounts through Perkopolis
Rewards and recognition programs

About the Company

Momentum Financial Services Group helps people move forward by reimagining how money works for those who need it most.
With more than 40 years of experience, MFSG is the team behind Money Mart—Canada’s largest non-bank branch network—and a leader in financial solutions for underserved communities.
MFSG powers the products, technology, and operations that connect over a million customers a year to the money they need, when they need it.
At MFSG, teams and departments come together to create solutions that remove barriers and give people access to money they might not get anywhere else.
MFSG is committed to building innovative solutions grounded in ethical, transparent, and responsible use of data and technology.
MFSG takes a proactive approach to ensuring that any AI or data-driven systems used are safe, fair, and accountable.
MFSG prioritizes strong data governance, clear communication around how systems work, and safeguards that reduce risks and protect individuals.
MFSG focuses on developing tools and processes that promote equity, reliability, and trust, supported by ongoing monitoring and continuous improvement.
MFSG is a future-focused organization that values both innovation and integrity.

Equal Opportunity

MFSG is committed to accommodating applicants up to the point of undue hardship during the recruitment, assessment and selection process.
If you are selected for an interview, please notify MFSG if you require accommodation in respect of the materials or procedures used at any time during this process.
If you require accommodation, MFSG will work with you to determine how to meet your needs.