Manager, Strategic Sourcing

At Fairstone, our culture is built on strong values and leadership principles that define the expectations we have for working together and with our customers. We help Canadians find the right solution to meet their needs with a variety of products and services. Our values and principles guide the actions we take to ensure our customers get the best experience possible.

Be part of our talented and growing team! We are currently looking for a Manager, Strategic Sourcing, to join our team reporting to the Director, Strategic Sourcing and Vendor Management.

As a Manager, Strategic Sourcing, you will be responsible for overseeing procurement activities and the application of procurement policies, procedures, and regulatory requirements. You will be accountable for performing analyses and making strategic recommendations concerning all contracts as well as provide internal customers with recommended assistance in supplier management, will create and maintain various reports (key performance indicators, catalogue of products and services, dashboards, etc.)

"Be a part of our inclusive workplace where diverse perspectives drive innovation and excellence."

WHY JOIN US?

BECAUSE WE ARE PROUD TO BE One of Montreal's Top Employers for 2025 for the fifth consecutive year by the editors of Canada's Top 100 Employers.

WE OFFER:

• Work-Life Balance: Our 37.5-hour workweek and hybrid model (3 days in-office) promote a healthy balance.
• Wellness: Tailored well-being solutions available 24/7.
• Time Off: Minimum 15 paid vacations, 6 wellness days, with federal holidays.
• Community Support: Paid Volunteer Day to give back to your community.
• Retirement Planning: Employee and employer contribution pension plan, plus the Fairstone Retirement Savings Plan
• Development: Access to Fairstone Academy for comprehensive training and skill development.
• Employee discounts: Exclusive access to discounted products and services, including car insurance, hotels, attractions, movies, gym memberships, and more.

WHAT WILL YOU WORK ON?

• Ownership of the assigned engagement, including but not limited to establishing / managing/ negotiating/leading executing contractual agreements, vendor onboarding & due diligence process throughout the vendor lifecycle.
• Lead end-to-end sourcing activities for assigned categories, including RFPs, vendor selection, and contract negotiations.
• Draft, review, and manage complex contracts, ensuring alignment with other areas such as legal, IT, and risk.
• Conduct spend analysis and identify cost-saving opportunities.
• Conduct analyses of existing vendor base to assess capability of meeting business objectives; balancing vendor concentration risks with vendor consolidation strategies.
• Maintain supplier master data and oversee contract lifecycle management
• Recommend/Develop and implement processes and tools for different types of contracts, risk assessments, disputes, and issue resolutions.
• Provide subject matter expertise and guidance to internal stakeholders on sourcing best practices.
• Supervise management and administration for a wide variety of contracts.
• Advise on the practices and considerations for upgrading existing contracts and solving complex contract management problems.
• Support accountable executives in the vendor performance management and evaluate operational issues and considerations in contract enforcement.
• Deliver on Strategic Sourcing Strategy, increase Strategic Sourcing brand awareness.
• Leading major contract negotiations, strategic sourcing activities, cross functional projects, risk and relationship management, and savings initiatives.
• Implement sound financial planning that is aligned with the corporate plan.
• Contribute to development & continues improvement of policies, guidelines & tools.
• Spearheading best practices for sourcing of new waves of technology and initiating strategies to boost suppliers’ technology innovation.
• Applying expert skills in data analytics, market research, sourcing, relationship and contract management.
• Manage vendor onboarding, due diligence, performance evaluations and relationships.
• Ensure the success and oversee the effectiveness of the vendor management program across the Bank by implementing common standards and practices.
• Design and implement supplier performance scorecards for vendor assessment in contract management, financial management, performance management, risk management and relationship management areas.
• Collaborate with business units to ensure vendor performance aligns with service level agreements and business expectations.
• Lead cross functional teams by effectively manage relationships with 1st and 2nd line business partners involved in management and oversight of service providers.
• Support development and implementation of relevant policies, standards, directives, frameworks, and requirements relating to management of third parties.
• Conduct contract reviews and due diligence activities to ensure contracts and renewals incorporate business and regulatory requirements.
• Ensure that third-party risks are appropriately identified, assessed, managed, monitored and reported.
• Develop detailed expense models, budget forecasting and analysis.

WHO ARE WE LOOKING FOR

• University degree
• Minimum 5  years in a sourcing, contracts and vendor management role with a solid understanding of the entire vendor lifecycle.
• Experience ideally gained with a Bank or Financial Institution.
• Demonstrated experience successfully managing third parties, reviewing policies, performance, and contract management or negotiation strategy for small, medium and complex contracts
• Familiarity with regulatory requirements (OSFI) is an asset
• Business Process Optimization mindset – knowledge of processes for creating, analyzing, monitoring or improving requisitions
• Ability to communicate and work effectively cross-functionally with internal stakeholders, as well as external stakeholders including vendors
• Mutli-tasking and time-management skills, with ability to prioritize tasks
• Must have proficient oral and written skills; including report writing and presentation skills
• Solid expertise using Microsoft Office, Power BI, Visio, SharePoint. Familiarity with eSourcing tools, is an asset 

WE ARE PROUD TO BE RECOGNIZED AS Great Place to Work® Canada for 2025 and
Montreal's Top Employers 2025 by Canada’s Top 100 Employers!

Learn more: https://www.fairstone.ca/en/about/canadian-lender

Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/