Role Title: Strategic Sourcing Manager - Intermediate
Contract duration: 6 months (potential extension and for right fit (possible perm))
Work Location: Toronto (250 Yonge)
Schedule: 3 days in the office currently, may move to 4 (candidates should be able to accept 3-4 days in office)
 
Job Description:
We’re looking for a strategic thinker who thrives in complexity, builds strong relationships, and is excited to grow with us. This role is a unique opportunity to work with the Procurement team and the broader client’s enterprise, helping drive innovative sourcing strategies that deliver value, reduce risk, and support our purpose-driven culture. This role reports directly to the Director of Strategic Sourcing for all clients’ Lines of Business.
 
Role Responsibilities:
Strategic Leadership & Advisory

• Act as a trusted advisor to business partners, primarily within People & Culture.
• Influence and negotiate to achieve business and cost management objectives.
• Recommend and implement sourcing solutions based on strategic analysis.
• Assist in developing long-term sourcing plans aligned with enterprise goals.
• Identify emerging trends and issues to inform decision-making.

Sourcing Strategy & Execution

• Lead end-to-end sourcing initiatives, including competitive events (RFI/RFP), supplier selection, and contract negotiations.
• Develop and execute category management frameworks and sourcing strategies.
• Conduct market assessments to identify preferred suppliers and evaluate risk.
• Apply disciplined procurement methodologies and ensure compliance with policies.
• Manage multiple sourcing projects simultaneously, resolving conflicting priorities.

Supplier Relationship & Risk Considerations

• Build strong relationships with internal stakeholders and external suppliers.
• Collaborate with suppliers to create value, drive innovation, and mitigate risk.
• Incorporate supplier risk assessments results into agreements, working with colleagues in Legal & Regulatory Compliance, and Risk Support Areas (RSAs) and engaging with Third Party Risk support teams.
• Maintain awareness of supplier performance and consider controls in contracts to ensure alignment with BMO’s standards.

Data-Driven Insights & Continuous Improvement

• Conduct analysis to inform strategic recommendations and develop business cases.
• Use performance metrics and dashboards to track progress and identify opportunities, including a sourcing pipeline of supplier agreements.
• Brings a mindset of continuous improvement and change leadership, proactively identifying opportunities to enhance processes and drive meaningful impact.
• Stay current on leading procurement practices and sourcing methodologies.

 
Must Have Skills:

• 5-8 years of relevant experience in strategic sourcing, procurement and contract negotiations.
• Strong knowledge of sourcing/procurement processes and controls.
• Skilled in contract negotiation, business analysis, and project delivery.
• Strong communication, collaboration, and influence skills.
• Comfortable making data-driven decisions and synthesizing insights from research.
• Proficient in Excel and data analysis.
• Ability to build a strategic plan based on analysis without much oversight.
• Able to lead an end-to-end sourcing and contract negotiation process.
• Experience in a large complex organization and regulatory environment.

Nice to Have Skills:

• Post-secondary degree in a related field or equivalent combination of education and experience.
• 5-8 years in a banking/financial institution background strongly preferred.

 
 
At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $ 36.20/hr.