BMO Financial Group Manager, Strategic Sourcing for Corporate Real Estate in Toronto, Ontario
55 Bloor Street West
Job Family Group:
The Sourcing and Ops Team, within the Procurement department, works with the Lines of Business (LOBs), Technology & Operations (T&O) and the Corporate Functions (Corporate) in the development and implementation of innovative sourcing strategies to achieve business and cost management objectives associated with the bank’s approximately $5 billion in annual supplier spend.
What is the opportunity?
The Strategic Sourcing Manager (SSM) for Corporate Real Estate (CRE) is a member of the Sourcing team in Procurement. The role will have prime accountability to lead the development and execution of sourcing strategies to achieve business and financial objectives for various Corporate Real Estate initiatives globally, with much of the work in Canada and the US, but at times extending to EMEA and APAC. This role will work closely with Director of Sourcing for CRE and the functional area of CRE and be accountable to manage designated spend categories across the business to support and achieve savings goals and objectives.
For this role, procurement experience in one or multiple of the following categories / subcategories is essential:
Corporate Real Estate
Design and Construction
Lease and Transactions
Within the mandate of this role, the SSM, Corporate Real Estate - promotes and supports the Bank’s risk culture including ensuring employees understand their accountabilities for risk-taking activities, promoting an environment of open communication and effective challenge, and establishing the “tone from the top” through leading by example. The role is accountable for complying with the Bank’s Risk Appetite framework and ensuring risk-taking activities remain within agreed limits and comply with all regulatory requirements.
Builds effective relationships with internal/external stakeholders and ensures alignment between stakeholders. Includes developing an understanding of business partner needs and expectations.
Works with stakeholders to develop category and/or sub-category sourcing strategies/opportunities, supplier selection, due diligence and contract negotiations while achieving targeted savings and business objectives.
Recommends and implements solutions based on analysis of issues and implications for the business.
Assists in the development of strategic plans. Identifies emerging issues and trends to inform decision-making.
Manages and implements sourcing strategy projects throughout their lifecycle, leveraging appropriate systems and tools to ensure accurate and up to date reporting on project progress and issues. Includes competitive events and conducting supplier contract negotiations.
Develops Category Management Framework and Sourcing Strategy; drives end to end execution of sourcing category initiatives.
Conducts analysis to inform strategic recommendations; develops business cases to assess opportunities.
Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Provides market assessment to identify preferred suppliers.
Performs Initial Supplier Risk Assessment
Creates, modifies, renews, terminates contracts as required.
Participates in the design, implementation and management of core business/group processes and process improvements.
Provides advice and guidance to assigned business/group on implementation of solutions concerning category and supplier strategies, including the end-to-end risk management requirements associated with Outsourcing and Supplier Risk (OSR).
Applies a disciplined methodology and procurement policies to the procurement of goods and services.
Conducts analysis and develops insights and recommendations that are actionable in alignment with project/program goals.
Work with suppliers to create value/savings and mitigate risk.
Incorporates market leading process and practices, to mitigate risk, to drive innovation and to maximize overall value for assigned sourcing categories and portfolios.
Prepares project plans and keep key stakeholders informed of the process and progress.
Manage multiple programs/projects simultaneously and resolve conflicting priorities and objectives.
Designs and produces regular and ad-hoc reports, and dashboards.
Uses performance measures to monitor and track performance and address any issues.
Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
Maintains knowledge of leading procurement practices and promote adoption of procurement standards.
Effectively communicate key messages/recommendations/results to all managerial levels.
Provides input into the planning and implementation of operational programs.
Focus is primarily on business/group within BMO; may have broader, enterprise-wide focus.
Provides specialized consulting, analytical and technical support.
Exercises judgment to identify, diagnose, and solve problems within given rules.
Works independently and regularly handles non-routine situations.
Broader work or accountabilities may be assigned as needed.
Typically, between 5 - 7 years of relevant strategic sourcing, supply chain and/or procurement work experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
Experience in most areas of sourcing.
Knowledge of sourcing/procurement processes, procedures and controls - In-depth.
Knowledge of relevant risk and regulatory requirements - In-depth.
Knowledge of Sourcing in Financial Services or Technology industries - In-depth.
Knowledge of business analysis, project delivery practices and standards across the project lifecycle - In-depth.
Excel and spreadsheet analysis – In-depth.
Negotiation knowledge, skill and ability – In-depth.
Knowledge of sourcing and procurement systems and applications.
Financial Services, Financial or Cost Management experience.
Knowledge of the group/business environment and processes and procedures.
Experience in compiling, synthesizing and drawing insights from a variety of research sources.
Demonstrated ability to assess risks including identifying, quantifying and prioritizing risks.
Deep knowledge and technical proficiency gained through extensive education and business experience.
Verbal & written communication skills - In-depth.
Collaboration & team skills - In-depth.
Analytical and problem-solving skills - In-depth.
Influence skills - In-depth.
Data driven decision making - In-depth.
We’re here to help
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at www.jobs.bmo.ca/ca/en.
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
BMO Financial GroupServing customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.
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