Sourcing Manager - 58514

We are seeking a results-driven, highly adaptable Sourcing Manager to join a dynamic enterprise procurement team in a premier financial institution. In this role, you will quarterback end-to-end sourcing engagements across technology, commodities, and professional services in a fast-paced, heavily regulated environment.

While candidates with solid strategic sourcing backgrounds are encouraged to apply, top priority is placed on exceptional soft skills, including high-level executive stakeholder management, rapid decision-making, and strong project leadership. You will operate independently to shepherd high-priority business initiatives from intake through contract execution, directly impacting operational success across multiple lines of business.

Location: Toronto, ON (Hybrid: 4 days onsite, 1 day remote)
Contract Duration: 3 months (High likelihood of extension to 12+ months based on project funding)
Work Schedule: Monday – Friday, Core Business Hours (37.5 hours/week)
Pay Rate $58.27

Advantages
High Extension Potential: While initially funded for 3 months due to project cycles, there is a very strong likelihood of extension to a 12+ month term.
High-Impact Exposure: Direct, daily interaction with senior executives and key decision-makers across a top-tier corporate environment.
Collaborative Culture: Join a supportive, highly respected team environment that values autonomy, growth, and professional development.
Competitive Compensation

Responsibilities
End-to-End Engagement Shepherding: Manage a portfolio of 20–25 concurrent sourcing engagements of varying complexity, driving projects from initial intake kickoff through supplier selection, risk assessments, and final contract execution.
Executive Stakeholder Management: Act as a strategic partner to internal lines of business; present proposed sourcing pathways, recommendations, and market intelligence to senior leadership to secure buy-in.
Commercial & Contract Negotiation: Negotiate commercial terms, pricing structures, and contractual agreements across a wide spectrum of complexities—ranging from standard Purchase Orders (POs) and Statements of Work (SOWs) to full Master Services Agreements (MSAs).
Cross-Functional Risk Governance: Partner weekly with internal Risk and Oversight functions (e.g., Cybersecurity, Compliance, Financial Controls) to ensure potential vendors pass required vetting, governance, and assessment frameworks.
Sourcing Strategy Execution: Evaluate market options to recommend optimal procurement routes, whether through sole-sourcing strategies or leading competitive market events (RFPs/RFQs).

Qualifications
Must-Have Qualifications:
Soft Skills & Executive Presence: Exceptional verbal/written communication, strong interpersonal acumen, time management, and proven success influencing senior-level stakeholders.
Project Management Capability: Ability to run engagements like dedicated projects, managing multiple competing priorities with minimal supervision in a fast-paced environment.
Negotiation & Contracting: Proven experience negotiating commercial terms and contract structures (e.g., SOWs, MSAs, POs)—specifically owning the contract execution process, not just reviewing documents.
Regulated Industry Experience: Prior background navigating complex, highly regulated environments (Financial Services, Banking, or Healthcare preferred).
Self-Starter Mindset: Proactive, highly resourceful, and able to hit the ground running with rapid decision-making skills.

Nice-to-Have Qualifications:
Post-secondary degree or formal Supply Chain/Procurement certifications.
Familiarity with enterprise procurement tools, specifically SAP Ariba (contract repository) and Coupa (risk management).
Broad category experience spanning technology (cloud, infrastructure, software), commodities, and professional services.

Summary
If you are interested in the Sourcing Manager position please apply online today!

Randstad Canada is committed to fostering a workforce reflective of all peoples of Canada. As a result, we are committed to developing and implementing strategies to increase the equity, diversity and inclusion within the workplace by examining our internal policies, practices, and systems throughout the entire lifecycle of our workforce, including its recruitment, retention and advancement for all employees. In addition to our deep commitment to respecting human rights, we are dedicated to positive actions to affect change to ensure everyone has full participation in the workforce free from any barriers, systemic or otherwise, especially equity-seeking groups who are usually underrepresented in Canada's workforce, including those who identify as women or non-binary/gender non-conforming; Indigenous or Aboriginal Peoples; persons with disabilities (visible or invisible) and; members of visible minorities, racialized groups and the LGBTQ2+ community.

Randstad Canada is committed to creating and maintaining an inclusive and accessible workplace for all its candidates and employees by supporting their accessibility and accommodation needs throughout the employment lifecycle. We ask that all job applications please identify any accommodation requirements by sending an email to [email protected] to ensure their ability to fully participate in the interview process.

This posting is for existing and upcoming vacancies.