Grade: P8

Referral Level: Level 1

Division: IGM-TECH

IGM Financial Inc. is one of Canada's leading diversified wealth and asset management companies with approximately $271 billion in total assets under management. The company provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals. Its activities are carried out principally through IG Wealth Management and Mackenzie Investments. 

Under IGM Financial’s unique business model based on leading brands and multi-channel distribution strategy is Mackenzie Investments, founded in 1967.  Mackenzie Investments is a holistic asset-management partner for thousands of Canadian financial advisors and the investors they support.   

At Mackenzie Investments You Can Build Your Career with Confidence. 

We have a vision and a strategy that will challenge the way business in this industry is done and help Canadians be successful in the ways that mean the most to them. As part of our team, you will do some of your best work, develop some of your most valuable skills and give back in ways that make a difference in the lives of Canadians.  We are proud to be recognized as one of Canada’s Top Employers by Mediacorp Canada Inc. for empowering our employees with the tools to thrive, while also providing resources to ensure physical and mental wellness were put front and centre. 

Join an unstoppable team that is embedded in continuous learning, understanding, and knowledge sharing. You will thrive in our supportive environment where you can indulge your curiosity to learn, while receiving the feedback you need to refine your skills and abilities. We are dedicated to offering a hybrid work environment when applicable. 

Mackenzie Investments is a diverse workplace committed to doing business inclusively - this starts with having a representative workforce! We encourage applications from all qualified candidates that represent the diversity present across Canada – including racialized persons, women, Indigenous persons, persons with disabilities, 2SLGBTQIA+ community, gender diverse and neurodiverse individuals, as well as all who may contribute to the further diversification of ideas.  

Position:

• The Senior Strategic Sourcing Manager reports to the Director of Strategic Sourcing and is responsible for leading the execution of procurement activities in the functional areas of procurement strategy, strategic sourcing and contract development for their assigned Business Units. The Senior Strategic Sourcing Manager will be responsible for leading the end-to-end sourcing activities for developing complete and comprehensive procurement packages for high complexity / dollar deals and providing coaching and guidance to Sourcing Managers on small to medium complexity / dollar deals.  

• This position will support the following Business Units: Marketing, HR, Facilities and Real Estate, Procurement Services, Risk and Compliance as well as Finance. 
Where appropriate, the Senior Strategic Sourcing Manager will support the Director of Strategic Sourcing or the AVP Procurement Services on confidential and highly strategic initiatives.  

Responsibilities: 
• Strategic Oversight

• Leads the strategic procurement plan for their assigned Business Unit(s) or categories by translating requirements into a set of implementable and measurable plans and targets
• Sets the direction of business requirements, spend analysis, sourcing strategy development and management, contract management, compliance, vendor management, commercial risk management and procurement methods for their assigned Business Unit(s)
• Contributes to the development and implementation of the goals, objectives, and budget for their assigned Business Unit(s)
• Collaborates with the assigned Business Unit(s) to develop the annual procurement plan and ongoing supplier engagements 
• Identifies and drives savings opportunities and maintains accurate savings reporting and deal metrics
• Promotes and advocates for sustainable procurement practices to leaders and key decision-makers

• Category/Supplier Strategy

• Advises assigned Business Unit(s) on sourcing strategies, provides market research and spend analytics
• Leads development of business unit sourcing / procurement strategies leveraging market trends to meet objectives of each procurement activity
• Continuously support and contribute to the development of innovative procurement strategies to drive continuous improvement and client value
• Monitors and identifies potential new entrants and non-traditional vendors

• Strategic Sourcing

• Interacts with the assigned BU(s) to develop business requirements for all RFX / competitive bid processes; where appropriate, provides strategic advisory support on technical specifications for all deal complexities / dollar values 
• Leads internal resources and business groups in supporting the development of a sourcing strategy or planning of a sourcing exercise and ensuring alignment with the overall category strategy
• Leads and manages the RFx deal team of procurement resources and internal business groups in preparation of RFX / competitive bid documents and evaluation criteria based on internal customer requirements, available templates, and category expertise for high complexity / dollar deals
• Collaborates with business groups in recommending and providing decisions on optimal vendors that best meet the evaluation criteria and objectives of the business

• Contract Development & Management

• Leads the drafting, negotiating, and finalizing of contracts on high complexity / dollar deals based on the sourcing event outcomes while providing coaching and oversight on low to medium complexity / dollar deals
• Advises assigned Business Owners of upcoming contract renewals, collaborates on developing options for renewal
•  Collaborates with BU in seeking proactive resolution of contractual disputes, manages variations and claims
• Responsible for reviewing and ensuring contract package is completed and forwarded to the contract administration function

• Third-Party Risk Management

• Provides guidance to BU on Contracts Policy, Procurement Policy and sourcing processes.
• Analyzes and understands all potential risks at the category/supplier/engagement level that can put safety, compliance, or public relations image at risk and assists with developing appropriate mitigation strategies
• Coordinates engagement of appropriate risk stakeholders as identified through the Inherent Risk Questionnaire
• Ensures all identified risks are escalated as required in accordance with applicable policies and guidelines
• Collaborates with Third-Party Governance team and risk stakeholders as required.

Requirements:

• 5-7 years of experience in a sourcing or category management role 
• Proven experience with end-to-end RFx and competitive bidding process
• Advanced negotiation skills and experience with high dollar, high complexity supplier negotiations
• Expert knowledge on developing and interpreting spend and market analysis
• Ability to influence and manage senior to executive level stakeholders using advanced negotiation, facilitation and mediation skills
• Excellent communication skills and time-management
• Experience with procurement tools such as Ivalua, SAP Ariba, DocuSign and S2P platforms
• Good analytical skills to gather relevant information, identify key issues, critically compare information, develop conclusions, and develop well-supported recommendations
• Able to clearly convey ideas, information and materials to individuals and groups

Please visit our career page by clicking on the following link: https://www.mackenzieinvestments.com/en/careers 

We thank all applicants for their interest in Mackenzie Investments; however, only those candidates selected for an interview will be contacted.  

Mackenzie Investments is an accessible employer committed to providing a barrier free recruitment experience. If you require an accommodation or this information in an alternate format at any stage of the recruitment process, please reach out to the Talent Acquisition team who will work with you to meet your needs.  

Please apply by May 7, 2025. 

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