SOURCING / PROCUREMENT SPECIALIST, IT CONTRACTS - TRANSFORMATIONAL PROGRAM:

On behalf of our Banking client, Procom is searching for a Sourcing / Procurement Specialist, IT Contracts - Transformational Program for a 12-month role. This position is a hybrid position with 4 days onsite at our client’s Toronto, Ontario office.

SOURCING / PROCUREMENT SPECIALIST, IT CONTRACTS - TRANSFORMATIONAL PROGRAM - JOB DESCRIPTION:

The position will be responsible for supporting a strategic transformation workstream as well as other projects as required
Ideal candidate would be a self-starter with previous experience working on transformation projects

Sourcing / Procurement Specialist, IT Contracts - Transformational Program - Responsibilities:

• Leading supplier contract renewal negotiations.
• Proactively working with Business Line contract owners to understand business needs.
• Build renewal strategy for pipeline of contract renewals.
• Build an overall supplier contract strategy with consideration for consolidation and reduction of contracts where opportunity exists.

Sourcing / Procurement Specialist, IT Contracts - Transformational Program - Mandatory Skills:

• Minimum of 10+ years progressive sourcing experience
• Ability to comprehend complex technical, contract and financial issues and use them to inform the creation of effective supplier strategies.
• Ability to impact and influence stakeholders, including Senior Executives.
• Deep knowledge and experience with IT contracting.

Sourcing / Procurement Specialist, IT Contracts - Transformational Program – Nice-to-Have Skills:

• Bachelor’s degree in management, business, or related field; master (MA or MSc) in business or related field an asset
• Previous financial services experience is preferred
• Knowledgeable in financial services and regulations (e.g., OSFI, OCC, CFPB, UDAAP) and how they are applied to Third Party relationships is preferred
• CPM (Certified Purchasing Manager) preferred
• Global sourcing experience preferred

Sourcing / Procurement Specialist, IT Contracts - Transformational Program – Soft Skills Required:

• Strong analytical and problem-solving abilities with keen attention to detail
• Ability to communicate effectively with both technical and business stakeholders, translating complex information into clear insights
• Self-motivated and results-oriented.
• Ability to interact with cross-functional teams.
• Strong problem-solving abilities.
• Excellent analytical and organizational skills.
• Ability to quickly adapt and manage multiple priorities in a fast-paced, dynamic environment
• Ability to proactively identify project risks and contribute to overall project health and success

• Leading supplier contract renewal negotiations.
• Proactively working with Business Line contract owners to understand business needs.
• Build renewal strategy for pipeline of contract renewals.
• Build an overall supplier contract strategy with consideration for consolidation and reduction of contracts where opportunity exists