Strategic Sourcing Manager II

Job description

Work Location: Toronto, Ontario, Canada Hours: 37.5 Line of Business: Procurement & Sourcing Pay Details: $96,900 - $136,800 CAD 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 candidate's 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. 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. Day to day activities : Lead the development and execution of category and sourcing strategies for complex portfolios or multiple related initiatives, accountable for delivering value, managing risk, and ensuring alignment with TD’s procurement standards and risk appetite. Leads sourcing initiatives and supplier engagements within assigned portfolios, ensuring alignment to procurement policies, controls, and risk requirements Lead complex supplier negotiations and commercial decision‑making for assigned categories or initiatives, accountable for negotiation outcomes, total cost of ownership optimization, and alignment with business objectives. Leads or contributes to cross‑functional sourcing initiatives within and across portfolios, providing subject matter expertise on complex sourcing, commercial, or risk‑related matters Synthesize market intelligence, supplier insights, financial analysis, and risk considerations into clear, defensible recommendations for senior stakeholders, articulating trade‑offs and implications. Leverage advanced analytics, scenario modeling, and AI‑enabled insights to accelerate option development and improve decision quality, while retaining accountability for judgment‑based decisions, escalation, and exception handling. Leads a portfolio of work and may span multiple initiatives Lead complex sourcing initiatives spanning a portfolio of Core Operations and/or Technology related sourcing engagements across a range of complexity and risk levels Communicate proactively and transparently with team members, stakeholders, and partners, ensuring alignment on priorities, progress, risks, and dependencies. Advises on complex trade-offs across commercial, risk, and stakeholder considerations Drives sourcing outcomes across portfolios with material impact 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 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 Preferred Qualifications: 5+ years of progressively senior related experience Supply chain certification preferred Who We Are: TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities. 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 a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more Additional Information: We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home. Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements. Colleague Development If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact. We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best. Training & Onboarding We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role. Interview Process We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call. Accommodation Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process. We look forward to hearing from you! Language Requirement (Quebec only): Sans Objet