Senior Procurement Analyst

Requisition ID: 191013
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Procurement Analyst is responsible for supporting the sourcing and evaluation of suppliers, negotiating contracts, preparing recommendations to decision makers, and facilitating the risk management process. This role also plays an important role of analysing the enterprise relationship of key suppliers with the objective of maximizing value and identifying benefits through promoting a joint collaborative approach. This role sits within the Strategic Sourcing team and supports the development of the supplier strategy aligned to the category and business strategies. Through coordinating enterprise TPM activities (e.g., compiling third party management data and reporting focused on key indicators of performance, financial, contract compliance, innovation, and overall relationship health) across functions and business units. Leading candidates must be excited about working in a flexible environment, collaborating with business partners, and delivering high quality results in a fast-moving workplace.

Is this role right for you? In this role, you will:

• Support the development of supplier strategies and contracts. Enhances supplier relationships by developing and continually improving upon post-award supplier processes
• Support Strategic Sourcing team to manage the supplier strategy across Scotiabank and commercial relationship with the supplier
• Develop and drive supplier scorecards and ongoing supplier performance improvement working with supply base. Own and maintain key inputs required for enterprise-wide reporting and analysis for key reports and decisions.
• Liaise with procurement partners to review, report on, and revise contractual agreements, supplier and category strategies as necessary.
• Develop working knowledge of the third party risk management process and requirements across the key risk categories that impact third parties
• Liase with the business contract/risk owners to provide support in the management of all aspects of third party risk, including ongoing monitoring activities (the business/contract owner owns the risk).
• Identify ways to expand or improve the operational relationship with a supplier to better accommodate the Bank's needs. Identifies process improvement opportunities in order to drive better quality and delivery performance.
• Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions. Support development and implementation of relevant policies, standard, frameworks and requirements relating to third party risk management
• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge
• Actively pursue effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
• Champion a high performance environment and implements a people strategy that attracts, retains, develops and motivates team members by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.
• Support sourcing and category analysis as required

Do you have the skills that will enable you to succeed? We'd love to work with you if you have experience with:

• Bachelor's degree in management, business, or related field; master (MA or MSc) in business or related field preferred
• 3-5 years' previous experience in supplier relationship management, financial services, or procurement related field
• Understand the wider objectives of procurement and supplier management practices, such as business and strategic goals alignment
• Excellent stakeholder management skills and comfort in speaking with senior leaders internal and external to the organization
• Proven ability to lead multiple priorities, adapt to constantly changing business environment, and drive projects to completion
• Knowledgeable in financial services and regulations (e.g., OSFI, OCC, CFPB, UDAAP) and how they are applied to Third Party relationships is preferred
• Develop strong and trusting working relations through communication, listening, influencing and managing change internally and externally

What's in it for you?

• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed!
• You'll be part of a diverse, collaborative, innovative, and high-performing team
• We offer a competitive rewards package:
• Performance bonus, Employee Share Ownership Program, and Pension Plan Matching
• Health Benefits from day one!
• You will relish work-life balance, team events, and opportunities to participate in the community.
• Your career matters! You will have access to career development and progression opportunities.

Location(s): Canada : Ontario : Toronto
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.
At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. 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. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.