Title: Strategic Sourcing Manager- Senior
Duration: 6 months
Location: Toronto, ON
Schedule: 37.5 hrs/week – 9:00am to 5:00pm (Hybrid – 3 days in office currently, may move to 4 days
onsite)

Job Description
The Strategic Sourcing Manager- Senior supports sourcing, procurement, and contract negotiation activities within a financial institution environment. The role works closely with the People & Culture team and broader enterprise to develop sourcing strategies, manage supplier relationships, and support procurement operations across multiple HR-related categories.
 
Roles and Responsibilities:

• Act as a trusted advisor to business partners 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 support decision-making.
• Lead end-to-end sourcing initiatives including RFI/RFPs, 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 procurement methodologies and ensure compliance with policies and controls.
• Manage multiple sourcing projects and resolve conflicting priorities.
• Build relationships with internal stakeholders and external suppliers.
• Collaborate with suppliers to drive value, innovation, and risk mitigation.
• Incorporate supplier risk assessments into agreements and collaborate with Legal,
• Regulatory Compliance, and Risk teams.
• Monitor supplier performance and ensure alignment with organizational standards.
• Conduct analysis to support strategic recommendations and business cases.
• Use performance metrics, dashboards, and sourcing pipelines to track progress and opportunities.
• Identify opportunities for continuous improvement and process enhancement.
• Stay current on procurement practices and sourcing methodologies.

Must-Have Hard Skills:

• 3-5 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.

Soft Skills:

• Communicates clearly both verbally and in writing.
• Curious, adaptable, and comfortable working in ambiguity.
• Strong relationship-building and problem-solving skills.
• Growth mindset with accountability and willingness to learn.
• Organized, analytical, and able to work across diverse teams and viewpoints.
• Solution oriented and able to work independently with minimal oversight.
• Attention to detail.

Nice-To-Have:

• Banking/FI experience.
• Post-secondary degree in a related field or equivalent combination of education and experience.

Aptitude Requirements:

• Assertive with excellent contract knowledge.
• Ability to influence offers for desired results working with senior stakeholders

 
 
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: $ 47.40/hr.