Sourcing Manager
11 days ago
Mount Laurel
Work Location: Mount Laurel New Jersey United States of America Hours: 40 Pay Details: $86840 - $139360 USD TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidates skills and experience job-related knowledge geographic location and other specific business and organizational needs. As a candidate you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role. Line of Business: Procurement & Sourcing Job Description: The Strategy Sourcing Manager II is the lead on major category sourcing initiatives and/or portfolios and execution of the sourcing mandate for assigned portfolio(s). This role provides professional and specialized support on a range of complex/major sourcing initiatives and category portfolio. Depth & Scope: • Acts as liaison with business / executives and provides sourcing expertise and recommendations to business partners to optimize Sourcing strategies to enable TD and business specific objectives and goals, • Within category specialty supports business partners by contributing to governance programs and management programs, • Manages strategic sourcing strategies and initiatives that support TD and business partner needs and objectives as well as helps to mitigate risks to the organization, • May provide guidance on Sourcing/outsourcing best practices, • Leads supplier negotiations to maximize total cost of ownership in a given portfolio and work with business partners, • Adheres to enterprise frameworks or methodologies that relate to sourcing activities for our business area, • Ensures respective sourcing programs/policies/practices are well managed meets business needs complies with internal and external requirements and aligns with business priorities, • Consistently exercises discretion in managing correspondence information and all matters of confidentiality; escalates issues where appropriate, • Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls segregation of duties transaction approvals and physical control of assets), • Participates in cross-functional /SSG enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations, • Conducts internal and external research projects; supports the development / delivery of presentations / communications to management or broader audience, • Conducts meaningful SSG analysis at the functional or enterprise level using results to draw conclusions make recommendations assess the effectiveness of programs/ policies/ practices, • Actively manages relationships within and across various business lines corporate and/or control functions and ensures alignment with enterprise and/or regulatory requirements, • Keeps abreast of emerging issues trends and evolving regulatory requirements and assess potential impacts, • Maintains a culture of risk management and control supported by effective processes in alignment with risk appetite, • Participates fully as a member of the team supports a positive work environment that promotes service to the business quality innovation and teamwork and ensures timely communication of issues/ points of interest, • Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit, • Participates in personal performance management and development activities including cross training within own team, • Keeps others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities, • Contributes to team development of skills and capabilities through mentorship of others by sharing knowledge and experiences and leveraging best practices., • Acts as a brand ambassador for the business area/function and the bank both internally and/or externally, • Leads cross-functional teams or projects with significant resource requirements risk and / or complexity, • Impacts the achievement of sub-function or business line objectives within the area they are accountable for, • Work is guided by policies and industry standards/methods Education & Experience: • Post-Secondary Education and / or 7 years of related experience, • Highly seasoned professional role requiring substantial knowledge of Sourcing and procurement and/or knowledge of broader related areas Preferred: • Experience leading end-to-end sourcing process (including leading RFXs negotiation and contracting), • Experience in the development and execution of sourcing strategies, • Strong contract negotiation skills, • Strong communication skills to engage with stakeholders and vendors, • Ability to utilize Ariba and Coupa platforms Customer Accountabilities: • Act as liaison with business / executives and provides sourcing expertise and recommendations to business partners to optimize Sourcing strategies to enable TD and business specific objectives and goals, • Within category specialty supports business partners by contributing to governance programs and management programs, • Manages category and strategic sourcing strategies and initiatives that support TD and business partner needs and objectives as well as help to mitigate risks to the organization, • May provide guidance on Sourcing/outsourcing best practices, • Presents research findings and make recommendations to management that support category and business partner strategies, • Leads supplier negotiations to maximize total cost of ownership in a given category and work with business partners Shareholder Accountabilities: • Adheres to enterprise frameworks or methodologies that relate to sourcing activities for our business area, • Ensures respective sourcing programs/policies/practices are well managed meets business needs complies with internal and external requirements and aligns with business priorities, • Consistently exercises discretion in managing correspondence information and all matters of confidentiality; escalates issues where appropriate, • Ensures business operations are in compliance with applicable internal and external requirements (e.g. financial controls segregation of duties transaction approvals and physical control of assets), • Participates in cross-functional /SSG enterprise / initiatives as a subject matter expert helping to identify risk / provides guidance for complex situations, • Conduct internal and external research projects; supports the development/ delivery of presentations / communications to management or broader audience, • Conducts meaningful SSG analysis at the functional or enterprise level using results to draw conclusions make recommendations assess the effectiveness of programs/ policies/ practices, • Monitors service productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists, • Leads / facilitates and/or implements actions / remediation plans to address performance / risk /governance issues, • Actively manages relationships within and across various business lines corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements, • Keeps abreast of emerging issues trends and evolving regulatory requirements and assess potential impacts, • Maintains a culture of risk management and control supported by effective processes in alignment with risk appetite Employee/Team Accountabilities: • Participates fully as a member of the team supports a positive work environment that promotes service to the business quality innovation and teamwork and ensure timely communication of issues/ points of interest, • Provides thought leadership and/ or industry knowledge for own area of expertise in own area and participates in knowledge transfer within the team and business unit, • Keeps current on emerging trends/ developments and grow knowledge of the business related tools and techniques, • Participates in personal performance management and development activities including cross training within own team, • Keeps others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities, • Contributes to team development of skills and capabilities through mentorship of others by sharing knowledge and experiences and leveraging best practices., • Leads motivates and develops relationships with internal and external business partners / stakeholders to develop productive working relationships., • Contributes to a fair positive and equitable environment that supports a diverse workforce, • Acts as a brand ambassador for your business area/function and the bank both internally and/or externally Physical Requirements: Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100% • Domestic Travel Occasional, • International Travel Never, • Performing sedentary work Continuous, • Performing multiple tasks Continuous, • Operating standard office equipment - Continuous, • Responding quickly to sounds Occasional, • Sitting Continuous, • Standing Occasional, • Walking Occasional, • Moving safely in confined spaces Occasional, • Lifting/Carrying (under 25 lbs.) Occasional, • Lifting/Carrying (over 25 lbs.) Never, • Squatting Occasional, • Bending Occasional, • Kneeling Never, • Crawling Never, • Climbing Never, • Reaching overhead Never, • Reaching forward Occasional, • Pushing Never, • Pulling Never, • Twisting Never, • Concentrating for long periods of time Continuous, • Applying common sense to deal with problems involving standardized situations Continuous, • Reading writing and comprehending instructions Continuous, • Adding subtracting multiplying and dividing Continuous The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes. Who We Are: TD is one of the worlds leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day we deliver legendary customer experiences to over 27 million households and businesses in Canada the United States and around the world. More than 95000 TD colleagues bring their skills talent and creativity to the Bank those we serve and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers communities and colleagues. TD is deeply committed to being a leader in customer experience that is why we believe that all colleagues no matter where they work are customer facing. As we build our business and deliver on our strategy we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether youve got years of banking experience or are just starting your career in financial services we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs were here to support you towards your goals. As an organization we keep growing and so will you. Our Total Rewards Package Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g. eligibility for cash and/or equity incentive awards generally through participation in an incentive plan) and several other key plans such as health and well-being benefits savings and retirement programs paid time off (including Vacation PTO Flex PTO and Holiday PTO) banking benefits and discounts career development and reward and recognition. ___