Division: IGM Corporate Operations

Location: Toronto or Winnipeg

IGM Financial Inc. is one of Canada's leading diversified wealth and asset management companies with approximately $271 billion in total assets under managements. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management and Mackenzie Investments.

Under IGM Financial's unique business model based on leading brands and multi-channel distribution strategy, we’re IG Wealth Management. For over 90 years of business, we have grown to become one of the largest most respected companies in Canada. We are a leader in providing the best advice, experience and outcomes for our clients, personalized throughout their lifetime.

At IG Wealth Management, our vision is to inspire financial confidence.

This is your opportunity to build a career with a leading organization where you can learn, grow and thrive both professionally and personally. We are proud to be recognized as one of Canada’s Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive while working remotely, while also providing resources to ensure physical and mental wellness were put front and center.

You will join a team that believes our success starts with the success of our clients, while working together as a team to realize our greatest potential. You will join a team that strives towards excellence while developing and sharing skills and knowledge. You can make a difference for our clients, the world around us and be part of a team that cares. We are dedicated to offering a hybrid work environment when applicable.

IG Wealth Management is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.

Position:

• The Director Strategic Sourcing provides leadership to strategic sourcing functions who administer sourcing strategies and activities while collaborating with Business Units, Third-Party Governance and Accountable Executives. This role leads functional areas that provide procurement’s Strategy and Vision, Program Planning, Supplier Strategy, Strategic Sourcing, Contract Development and Management, and Talent and People Management.

• The Director plays a pivotal role in performing the initial risk review and triage of supplier engagement requests submitted through the Procurement Intake process and ensures that appropriate stakeholders are engaged based on the resulting risk profile.

• When required, the Director will develop complete and comprehensive strategic sourcing packages for deals that are confidential and/or highly strategic with enterprise-wide impact.

Responsibilities:

Strategic Oversight

• Procurement Strategy & Vision

• Collaborate with Procurement and Business Unit Leadership to:

  • Develop and implement the department's strategic vision, establish goals, objectives, and budget

  • Leads the development of sourcing / procurement strategies leveraging market trends to meet objectives of each procurement activity

  • Provides advisory support to the Business Units relating to sourcing strategies, market research, spend analytics and contract obligations

  • Analyzes and understands all potential risks at the category /supplier level that can put safety, compliance, or public relations image at risk and develops appropriate mitigation strategies

  • Continuously support and contribute to the development of innovative procurement strategies to drive continuous improvement and client value

  • Leads and drives Sustainable Procurement and Supplier Diversity Programs. Participates in IGM committees supporting ESG goals and objectives.

  • Monitor and identify potential new entrants and non-traditional vendors

  • Provides monthly savings reporting and other key KPI’s and metrics to Procurement Leaders. Validates savings reductions with Finance.

  • Ensure integration across all procurement functions; enables the seamless movement of tasks and activities

  • Implement leading-edge procurement practices aligned with Procurement’s Operating model to support achievement of Procurement’s mandates

Category Management

• Develop and execute overall strategy for the lateral category management function including strategic sourcing, contract negotiations and development, contract management, vendor development and performance management

• Establish and develop an appropriate operating model and team structure within procurement functions defining category ownership and interface with other Business Units and across procurement functions

• Establish the governance model between various procurement functions including program planning, and performance

Strategic Sourcing

• Interacts with the Business Units to develop business requirements for RFX / competitive bid processes on highly strategic deals; where appropriate, provides subject matter expertise advisory support on specifications for all deal complexities / dollar values

• Leads internal resources and client groups in supporting the development of a sourcing strategy or planning of a sourcing exercise and ensuring alignment with the overall category/deal strategy across Procurement’s entire spend portfolio

• Leads and manages the RFx deal team of Procurement resources and internal client groups in preparation of RFX / competitive bid documents and evaluation criteria based on internal customer requirements, available templates, and category/deal expertise for strategic enterprise deals

• Manages the evaluation of RFX responses against a set of pre-defined criteria, including management of Business Unit responses for strategic enterprise deals

• Collaborates with client groups in recommending and providing decisions on optimal vendors that best meet the evaluation criteria and objectives of the business

• Provides ongoing coaching and oversight on the execution of all deals managed by the Strategic Sourcing team

• Manages the resolution of complex issues with suppliers and internal Business Units

Contract Development

• Provides advice to the Business Units and coaches the Strategic Sourcing Team on contract management activities and embeds leading industry practices

• Coaches Business Units contract owners and the Strategic Sourcing Team to drive performance and compliance of contracts

• Leads the interactions between vendor and client groups to draft, negotiate and finalize contract based on the sourcing event outcomes for complex strategic enterprise deals

• Collaborates with Business Units in seeking proactive resolution of contractual disputes, manages variations and performance issues

Talent & People Management

• Direct management of Senior Strategic Sourcing Managers and interns

• Ensures performance objectives are clearly defined and articulated for all team members

• Provides timely and comprehensive feedback on staff performance during review periods

• Retains quality people; develops a team of professionals by cross-training, coaching, and mentoring

• Leads development plan for closing competency gaps and the development and deployment of procurement training to improve capabilities

Requirements:

Experience:

• 7-10 years of experience in a sourcing or category management role including leadership in governance, process and systems

• Expert knowledge on best practices with RFx and competitive bidding process

• Advanced negotiation skills and experience with high dollar, high complexity and/or confidential supplier initiatives at the enterprise level

• Ability to influence and manage senior to executive level stakeholders using expert negotiation, facilitation, and mediation skills

• Knowledge on best practices for establishing data-driven procurement processes leveraging spend and market analytics

• Proven ability to manage a team and drive performance

• Expert knowledge on using procurement tools, such as SAP Ariba and Ivalua

• Excellent communication skills and time-management

Preferred:

• 7-10 years of experience with sourcing and contract negotiations at a financial services organization

• Demonstrated knowledge across the procurement contract lifecycle (planning through to termination)

• General understanding of third-party risk and governance

Please visit our career page by clicking on the following link: https://www.ig.ca/en/careers

We thank all applicants for their interest in IG Wealth Management; however only those candidates selected for an interview will be contacted.

IG Wealth Management is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.

Please apply by December 17, 2024.

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