Strategic Sourcing Manager

Position Title: Strategic Sourcing Manager (Human Resources Category)Contract duration: 6 months (Possibility of Extension/conversion to FTE)Working hours: 37.5 hours weeklyWorking Location: Toronto, ON (Hybrid work requirements: 3 days in office currently, but moving to 4 days in the near future)Pay Rate: $44.66/hrDescription:Join a team that’s shaping the future of sourcing at Bank. 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 People & Culture team and broader Bank enterprise, helping drive innovative sourcing strategies that deliver value, reduce risk, and support our purpose-driven culture. The Human Resources category includes work supporting the Enterprise across the subcategories of Administration Services, Benefits, Recruitment, Relocation, and Training.Role Responsibilities:Strategic Leadership & AdvisoryAct 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 & ExecutionLead 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 ConsiderationsBuild strong relationships with internal stakeholders and external suppliers.Collaborate with suppliers to create value, drive innovation, and mitigate risk.Incorporate supplier risk assessment results into agreements, working with colleagues in Legal & Regulatory Compliance, and Risk 4. 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 ImprovementConduct 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.Personality Profile:Communicates clearly - both in conversation and writing.Is curious, adaptable, and thrives in ambiguity - seeking new perspectives and better ways of doing things.Builds relationships easily and enjoys solving complex problems - collaborating as One Bank to deliver results.Has a growth mindset, takes responsibility, and is eager to learn and contribute.Is organized, analytical, and comfortable working across diverse teams and viewpoints.Solution-oriented, able to problem-solve without much oversight.Able to build trusting relationships with business partners.Takes accountabilityAttention to detailMust Have 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.Nice to Have Skills:Banking/FI experience.Post-secondary degree in a related field or equivalent combination of education and experience.