Director, Technology Sourcing
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Key skills for this role
About the Role
Scotiabank is seeking a Director, Technology Sourcing & Supplier Management to lead sourcing strategy and supplier management for the global Technology portfolio. The role involves setting category strategies, negotiating strategic agreements, and leading a team.
Key Skills for This Role
Responsibilities
- Own the global Technology category portfolio: set strategy, priorities, and multi year roadmaps aligned to Technology and enterprise objectives.
- Lead, coach, and develop a team of Senior Managers and Managers; build succession, deepen bench strength, and foster an inclusive, high performance culture.
- Engage senior executives (VP/SVP/EVP) across Technology and business lines as a trusted commercial advisor on supplier strategy, risk, and spend.
- Direct end to end sourcing for the Bank's largest technology deals from opportunity assessment and market intelligence through negotiation, contracting, and benefits realization.
- Shape category strategies across SaaS, cloud, software licensing, IT professional services, infrastructure, and telecom anchored in spend analysis, supplier capability, TCO, and market trends.
- Lead high stakes negotiations balancing TCO, consumption vs. subscription models, service levels, flexibility, exit rights, and long term business needs.
- Own strategic supplier relationships at the executive level: performance governance, escalations, innovation partnerships, and continuous improvement.
- Drive portfolio optimization: renewals, consolidation, license and vendor rationalization, and demand management across the enterprise.
- Partner with Third Party Risk, Legal, Compliance, and Finance to ensure alignment with policy, regulatory expectations, and the Bank's risk appetite.
- Champion procurement best practices: category planning, SRM, negotiation excellence, benefits realization, and disciplined pipeline execution.
- Ensure consistent application of Procurement processes across business lines and geographies.
- Build a high performance environment and implement a people strategy that attracts, retains, develops and motivates their team.
Requirements
- Minimum 10 years of progressive strategic sourcing / procurement experience, including meaningful leadership of enterprise technology categories.
- Bachelor's degree required; CPM, CPSM, CIPS, or equivalent designation preferred.
- People leadership experience: building, coaching, and developing high performing teams in complex, matrixed organizations.
- Deep expertise in SaaS pricing models, cloud consumption economics, software licensing (perpetual, subscription, token based), IT labour rate cards, MSA/SOW constructs, and hyperscaler agreements.
- Proven ability to lead strategic supplier relationships at the executive level and influence VP/SVP/EVP stakeholders.
- Strong commercial acumen, negotiation capability, and strategic thinking, with a track record of driving significant, measurable value.
- Hands on with spend analytics, supplier segmentation, TCO modelling, and benchmarking.
- Understanding of third party risk and regulatory expectations in financial services (or another regulated environment).
- Familiarity with e sourcing, CLM, and supplier management platforms.
- Clear executive presence, results orientation, and demonstrated ability to drive rapid and significant change.
Full Job Posting
The Role
- Lead Technology Sourcing at Scotiabank. As Director, Technology Sourcing & Supplier Management, you'll lead sourcing strategy and supplier management for the Bank's global Technology portfolio.
- You'll set direction across SaaS, cloud & hyperscalers, infrastructure, software, IT labour, networks, and emerging tech, and lead a high performing team of sourcing professionals.
Is this role right for you? In this role you will:
- Own the global Technology category portfolio: set strategy, priorities, and multi year roadmaps aligned to Technology and enterprise objectives.
- Lead, coach, and develop a team of Senior Managers and Managers; build succession, deepen bench strength, and foster an inclusive, high performance culture.
- Engage senior executives (VP/SVP/EVP) across Technology and business lines as a trusted commercial advisor on supplier strategy, risk, and spend.
- Direct end to end sourcing for the Bank's largest technology deals from opportunity assessment and market intelligence through negotiation, contracting, and benefits realization.
- Shape category strategies across SaaS, cloud, software licensing, IT professional services, infrastructure, and telecom anchored in spend analysis, supplier capability, TCO, and market trends.
- Lead high stakes negotiations balancing TCO, consumption vs. subscription models, service levels, flexibility, exit rights, and long term business needs.
- Own strategic supplier relationships at the executive level: performance governance, escalations, innovation partnerships, and continuous improvement.
- Drive portfolio optimization: renewals, consolidation, license and vendor rationalization, and demand management across the enterprise.
- Partner with Third Party Risk, Legal, Compliance, and Finance to ensure alignment with policy, regulatory expectations, and the Bank's risk appetite.
- Champion procurement best practices: category planning, SRM, negotiation excellence, benefits realization, and disciplined pipeline execution.
- Ensure consistent application of Procurement processes across business lines and geographies.
- Build a high performance environment and implements a people strategy that attracts, retains, develops and motivates their team.
Do you have the skills that will enable you to succeed in this role?
- Minimum 10 years of progressive strategic sourcing / procurement experience, including meaningful leadership of enterprise technology categories.
- Bachelor's degree required; CPM, CPSM, CIPS, or equivalent designation preferred.
- People leadership experience: building, coaching, and developing high performing teams in complex, matrixed organizations.
- Deep expertise in SaaS pricing models, cloud consumption economics, software licensing (perpetual, subscription, token based), IT labour rate cards, MSA/SOW constructs, and hyperscaler agreements.
- Proven ability to lead strategic supplier relationships at the executive level and influence VP/SVP/EVP stakeholders.
- Strong commercial acumen, negotiation capability, and strategic thinking, with a track record of driving significant, measurable value.
- Hands on with spend analytics, supplier segmentation, TCO modelling, and benchmarking.
- Understanding of third party risk and regulatory expectations in financial services (or another regulated environment).
- Familiarity with e sourcing, CLM, and supplier management platforms.
- Clear executive presence, results orientation, and demonstrated ability to drive rapid and significant change.
What’s in it for you?
- Enterprise impact: shape sourcing strategy across billions in technology spend.
- Executive visibility: direct engagement with Technology and Procurement leadership.
- A rewarding career path with diverse opportunities for professional development.
- An organization committed to making a difference in our communities.
- A competitive rewards program includes annual bonus, flexible vacation, personal and sick days, and comprehensive benefits that start on your first day.
- Diversity, Equity, Inclusion & Allyship.
- Accessibility and Workplace Accommodations.
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