Vendor Manager

Vendor Manager

Location: Toronto, ON

Onsite Flexibility

Hybrid — 4 days on-site, 1 day work from home

Contract Details

• Position Type: Contract
• Contract Duration: 10 months (with possibility of extension and conversion based on business needs and performance)
• Shift / Schedule: Monday – Friday, core business hours, 37.5 hours per week, 7.5 hours per day
• Travel Requirements: Not required

Job Summary

TheProcurement Manager, Sourcing & Contracting, is responsible for leading complex procurement initiatives from strategy development through sourcing, negotiations, approvals, and contract execution. This role combines responsibilities traditionally performed by Strategic Sourcing Managers and Contract Managers. The successful candidate will independently manage the commercial and contractual aspects of procurement transactions while partnering with business stakeholders, suppliers, Legal, and risk and control functions. This requires strong experience in strategic sourcing, supplier negotiations, contract negotiations, risk management, stakeholder management, and governance within a complex and regulated environment.

Key Responsibilities

End-to-End Procurement Leadership

• Lead procurement initiatives through the full procurement lifecycle, from intake through executed agreement.
• Develop and execute sourcing and negotiation strategies that align with business objectives and risk requirements.
• Manage supplier selection activities, commercial negotiations, contract negotiations, approvals, and execution activities.
• Lead multiple procurement initiatives simultaneously while managing competing priorities and timelines.

Commercial & Contractual Negotiations

• Lead negotiations with suppliers to achieve commercially and contractually sound outcomes.
• Evaluate supplier proposals and provide recommendations to stakeholders and senior management.
• Balance business objectives, commercial considerations, risk requirements, and contractual obligations.
• Work closely with Legal and business stakeholders to resolve negotiation issues and drive timely execution.

Risk, Governance & Stakeholder Management

• Ensure procurement activities comply with applicable policies, standards, controls, and governance requirements.
• Partner with Legal, Third Party Risk Management, Information Security, Privacy, Compliance, Finance, and other stakeholders as required.
• Identify and escalate risks, issues, and contractual exceptions appropriately.
• Build strong relationships with business partners, suppliers, and control functions.

Strategic Procurement Support

• Provide strategic sourcing expertise and market insights to business partners.
• Support procurement best practices, process improvements, and continuous improvement initiatives.
• Leverage available tools, data, analytics, and market intelligence to support decision-making and negotiations.
• Contribute to knowledge sharing, coaching, and team development activities.

Must-Have Requirements

• 8 years of progressive experience in procurement, strategic sourcing or contract management
• 8 years of experience leading end-to-end procurement transactions from sourcing strategy through contract execution
• Strong experience negotiating both commercial and contractual terms directly with suppliers
• Experience partnering with business stakeholders, Legal, and risk and control functions

Required Skills

• Excellent communication skills (written and verbal)
• Strong commercial acumen, negotiation skills, andrisk management capabilities
• Excellent stakeholder management, communication, and relationship-building skills
• Ability to manage multiple complex initiatives in a fast-paced environment
• Strong analytical and problem-solving skills

Preferred Skills

• Experience within financial services or another highly regulated industry
• Professional procurement, supply chain, or contract management certification
• Experience supporting technology, operations, or enterprise services procurement initiatives
• Experience working within formal governance and risk management frameworks

Education Requirements

• Bachelor's Degree required
• Professional procurement, supply chain, or contract management certification — nice to have

Required Experience

• Ability to independently manage the full sourcing lifecycle; technology and professional services knowledge preferred

Nice-to-Have Experience

• Experience within financial services or another highly regulated industry
• Experience supporting technology, operations, or enterprise services procurement initiatives
• Experience working within formal governance and risk management frameworks

Important Notes

• Interview process: 2 steps, virtual, 30 minutes, panel format

About the Client

This client is a leading financial services and banking institution operating across Canada and internationally, with a large and diverse workforce of thousands of professionals — including procurement specialists, vendor managers, strategic sourcing managers, contract managers, risk and compliance professionals, and technology specialists — who collaborate across enterprise functions in a fast-paced, regulated environment.

About GTT

GTT is a minority-owned staffing firm and a subsidiary of Chenega Corporation, a Native American-owned company in Alaska. We highly value diverse and inclusive workplaces and support Fortune 500 organizations across banking, financial services, technology, life sciences, biotech, utilities, and retail sectors throughout the U.S. and Canada.

Job Number: 26-17152

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