Manager, Strategic Sourcing

Who we are:

Fairstone Bank and its family of brands are united in delivering innovative, accessible and reliable financial solutions that enable Canadians to reach their goals. Over the years, our brand family has grown. In 2024, Home Trust Company, Home Bank and Oaken Financial became part of the Fairstone Bank family of brands, alongside Fairstone, EdenPark and Fig.

Together, we are the leading alternative lending bank in Canada. We have the collective experience and expertise to better serve our customers and foster our partners’ growth. With a diverse suite of products—residential and commercial mortgages, consumer deposits and GICs, credit cards, retail and automobile financing, personal loans and digital lending—we offer financial solutions tailored to all Canadians, including newcomers, small-business owners, smart investors and savvy consumers.

About the role:

As a Manager, Strategic Sourcing, you are accountable for executing Strategic Sourcing initiatives and managing assigned spend categories and vendor relationships to deliver commercial value, manage third‑party risk, and support business priorities. You will work closely with business, technology, legal, and risk partners to implement sourcing strategies and ensure supplier arrangements are commercially sound and compliant with internal policies and regulatory requirements.

This role is hands‑on and execution‑focused, with responsibility for delivering sourcing outcomes across the vendor lifecycle while contributing to the continued maturity of the procurement and vendor management function within a regulated financial services environment.

• Execute Strategic Sourcing initiatives across assigned categories, from market analysis and supplier evaluation through negotiation and contract award.
• Support the development and execution of category and sourcing strategies that optimize value, manage risk, and align with business needs.
• Lead competitive sourcing and RFP processes, including supplier analysis, evaluation scoring, and award recommendations.
• Act as a hands‑on practitioner, able to read, interpret, draft, and edit commercial contracts, escalating complex issues as appropriate.
• Negotiate supplier agreements within defined authority levels, balancing cost, risk, and service considerations.
• Support vendor onboarding, due diligence, and B‑10 contract assessments, ensuring alignment with governance and regulatory requirements.
• Identify and contribute to cost‑saving and value‑creation opportunities within assigned categories.
• Maintain strong working relationships with stakeholders and vendors, supporting issue resolution and ongoing performance management.
• Apply and promote sourcing best practices, tools, and processes to support consistency and continuous improvement.

What we’re looking for:

• Bachelor’s degree in Business, Procurement, Supply Chain, or a related field (or equivalent experience).
• 5–7+ years of experience in strategic sourcing, procurement, contract management, or vendor management.
• Experience in financial services or a regulated industry is an asset.
• Solid commercial and negotiation skills, with the ability to assess cost, risk, and business impact.
• Ability to work effectively with cross‑functional partners across business, legal, technology, and risk teams.

What you’ll love about working here:

• Award-Winning Culture: We’re proud to be recognized as a Great Place to Work Canada 2025 and one of Montreal’s Top Employers 2025 by Canada’s Top 100 Employers.
• Work-Life Balance: Enjoy flexibility with our hybrid work model designed to support your lifestyle.
• Time to Recharge: Generous vacation based on your role, statutory holidays, plus 6 wellness days to prioritize your well-being.
• Compensation Package: Competitive base salary plus an annual incentive bonus tied to performance.
• Comprehensive Benefits: Robust health and dental coverage through Manulife, as well as virtual healthcare through Dialogue.  
• Future-Ready Savings: Group Retirement Savings Plan with up to 7% employer match.
• Exclusive Perks: Discounts from top retailers via WorkPerks, plus location-based perks like gym memberships and Toronto Bike Share.
• On-Site Fitness: Gym access at our London and Montreal offices.
• Continuous Growth: Education Assistance Program and Fairstone Academy for training and skill development.
• Family Support: Parental leave top-up program to help you during life’s big moments.

• Community Impact: One paid volunteer day to give back to causes that matter to you.
• For more information on who we are as an employer click here.

What you can expect - pay & process:

• Expected base salary range is $65,000 - $97,000 , plus the opportunity to earn an annual incentive bonus tied to performance.   
• This posting is for an existing vacancy within our organization.
• Artificial intelligence may be used in parts of the recruitment process.
• All candidates considered for hire must successfully pass a criminal background check, credit check, and validation of their work experience to qualify for hire. 

If what you read excites you, we’d like to hear from you! Please submit your application and we’ll contact you if you become selected for first stages of the interview process.

#CORPON

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

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

If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application.

Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence.

Time Type: