Sourcing Analyst (Bank, Procurement, Marketing Vendor & Contract)

Our Banking client is looking for a Sourcing Analyst (Bank, Procurement, Marketing Vendor & Contract)Length: 12 months contract with the possibility of extension and conversion to full time employmentLocation: Toronto, ON (Hybrid) - 2 days in office weeklyWorking Hours: 9 AM - 5 PM (37.5 hours/week)Line of Business: Procurement - Marketing Media, Digital Marketing, Promotions and SponsorshipEstimated Start Date: December 2nd ROLE MANDATE:This group supports the implementation and ongoing delivery of projects for a Sourcing operations environment that provides a consistent and exceptional stakeholder experience, enforces internal / external control standards and minimizes risk. Analyzes data and creates documents and plans in service of informing, advising, or updating stakeholders. The team oversees the contracts for BMO's marketing vendors providing media, digital, promotions and sponsorship services to BMO. Current project work is approximately 60% contract renewal and 40% net new contracts (new vendors, negotiations). There are roughly 15 to 20 projects in flight at any given time, each with different start and end dates. This request is to source a backfill for a FTE maternity leave starting Dec 20. TEAM STRUCTURE:The team consists of 14 members who work closely together and with category managers in a collaborative nature. The selected candidate will have ample opportunity to work with the current individual in this role leading up her to leave time. ROLE RESPONSIBILITIES INCLUDE (but not limited to):· Collaborates with internal and external stakeholders to deliver on business objectives· Prepares preliminary Project Opportunity Strategies/Deal Summaries· Executes work to deliver timely, accurate, and efficient service· Conducts analysis and develops insights and recommendations that are actionable in alignment with project/program goals· Conducts market research and benchmarking activities· Gathers and formats data into regular and ad-hoc reports, and dashboards· Coordinates and executes specific activities for the implementation of strategic initiatives; includes tracking metrics and milestones· Perform spend analysis utilizing Spotfire dashboards as required· Prepare Data for customized reports for Middle Office Management· Identifies areas of opportunity through analyses of industries and supply markets, cost models for products and services, supplier category spend, and the performance of key suppliers in the market· Incorporates market leading process and practices, to mitigate risk, to drive innovation and to maximize overall value for assigned sourcing categories and portfolios· Prepares project plans and keeps key stakeholders informed of the process and progress· Manage multiple programs/projects simultaneously and resolve conflicting priorities and objectives· Designs and produces regular and ad-hoc reports, and dashboards· Maintains knowledge of leading sourcing practices and promote adoption of sourcing standards· Organizes work information to ensure accuracy and completeness· Continuously upgrade knowledge on event and sourcing methodologies with a specific focus on strategic category development· Effectively communicate key messages/recommendations/results to all managerial levels· Provides input into the planning and implementation of operational programs· Focus may be on a business/group· Thinks creatively and proposes new solutions· Exercises judgment to identify, diagnose, and solve problems within given rules· Works mostly independently· Broader work or accountabilities may be assigned as needed MUST HAVE SKILLS: · Vendor sourcing background· Experience with vendor contractors (creating and negotiating)· Relevant strategic sourcing, supply chain and/or procurement work experience· Knowledge of sourcing/procurement processes, procedures, and controls· Knowledge of business analysis, project delivery practices and standards across the project lifecycle· Knowledge of sourcing and procurement systems and applications· Able to network and manage vendor relationships· Able to prioritize and manage time efficiently· Able to lead discussions and excellent communication skills (written, verbal)· Excel and spreadsheet analysis· Has experience in compiling, synthesizing and drawing insights from a variety of research sources· Analytical and problem-solving skills NICE TO HAVE SKILLS: · Marketing background (media, digital, promotions, sponsorships)· Competitive vendor sourcing experience· Knowledge of relevant risk and regulatory requirements· Knowledge of Sourcing in Financial Services or Technology industries· Financial Services, Financial or Cost Management experience· Technically inclined INTERVIEW PROCESS: Multiple rounds over Teams:1. With Hiring Manager2. With Sourcing Operations Lead3. Possible third round with Director URGENT: Please read the job description above. If this interests you, apply to the job with your most updated resume, including your contact number and email address.The recruiter in charge of this role is San.If you do not think you are a match for this opportunity, but know someone who is, feel free to forward this job description to them and you will be eligible for a referral bonus upon a successful hire.Please note that this is the most up to date version of job description available at this time - During Client Interview you will receive additional information - variance may applyPlease note: Adherence to our end client's vaccination policy is a requirement.Please visit the TEAMRECRUITER website to review other CAREER OPPORTUNITIES

Location: Toronto, CA

Posted Date: 11/5/2024