Requisition ID: 267235
Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.
Join Scotiabank at a pivotal time of transformation, where Procurement is driving strategic value and innovation. As the Bank accelerates its adoption of AI and digital capabilities, you’ll play a key role in shaping the future of sourcing within a global organization.
The role:
Leads and oversees Procurement process & standards ensuring the design, maintenance, and governance of standards and templates are aligned to best practice procurement process. specific goals, plans, and initiatives are executed / delivered in support of the department’s business strategies and objectives. Acts as a control within Procurement, safeguarding consistency, compliance, and operational effectiveness across the source-to-settle lifecycle. Through data‑driven insights and cross‑functional collaboration, the role enables sustainable process improvements and strengthens procurement risk management and governance maturity.
Is this role right for you? In this role, you will:
- Lead and drive a customer focused culture throughout their team to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Own the strategy, planning, optimization, and communication of procurement standards, and procedures.
- Analyze how adjacent policies, standards, and procedures will impact procurement practice and proactively adjusts procurement standards, and procedures where applicable.
- Analyze and documents procurement processes to identify opportunities for improvement based on an understanding of adjacent policies, standards, and procedures to enhance the quality of existing capabilities through defined governance controls that ensures compliance and measurable performance.
- Lead projects to design, build, and implement procurement procedures aligned to enterprise policies and procurement standards
- Coordinate Legal department interactions with Procurement to support the review and maintenance of contract templates for third party agreements.
- Maintain governance process documents for Procurement including supplier management and business controls for supplier onboarding.
- Oversee work across cross-functional initiatives to deliver sound procurement practices.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Create an environment in which their team pursues effective and efficient operations of their respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
- Build a high-performance environment and implements a people strategy that attracts, retains, develops and motivates their team by fostering an inclusive work environment and using a coaching mindset and behaviours, communicating vison/values/business strategy, and managing succession and development planning for the team.
Do you have the skills to succeed in this role? We’d love to work with you if you have:
- Bachelor’s degree in management, business, or related field; master (MA or MSc) in business or related field preferred
- 6 - 8 years’ previous experience in program management, project management, financial services, or procurement related field
- Expertise in procurement process design within a financial or similar organization.
- Experience in project management methodology including techniques for project delivery, reporting, escalation, change management, and postmortem lessons learned
- Understand the objectives of procurement practices including supplier negotiation, third-party risk management, purchasing, ongoing supplier performance management, and payments
- Excellent stakeholder management skills including Control Functions, Legal, and Executive leadership
- 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
- Spanish and French language proficiency is beneficial to the role but not mandatory
Working Conditions
- Work in a standard office-based environment; non-standard hours are a common occurrence.
- Project deadline driven deliverables
- Work product may be subject to Internal Audit
- Limited travel internationally
What’s in it for you?
- A rewarding career path with diverse opportunities for professional development
- An organization committed to making a difference in our communities – for you and our customers.
- A competitive rewards program including bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
- Diversity, Equity, Inclusion & Allyship - We strive to create an inclusive culture where every employee is empowered to reach their fullest potential, respected for who they are, and are embraced through bias-free practices and inclusive values across Scotiabank. We embrace diversity and provide opportunities for all employees to learn, grow & participate through our various Employee Resource Groups (ERGs) that span across diverse gender identities, ethnicity, race, age, ability & veterans.
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.