Buyer, Strategic Sourcing

Posted:
12/3/2024, 9:48:25 AM

Location(s):
Ontario, Canada ⋅ Mississauga, Ontario, Canada

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Business & Strategy

Work Location:

Mississauga, Ontario, Canada

Hours:

37.5

Line of Business:

Procurement & Sourcing

Pay Details:

$65,600 - $98,400 CAD

This role is eligible for a discretionary variable compensation award that considers business and individual performance.

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:

Department Overview:

TDBG spends over $5bn each year with suppliers.  The Strategic Sourcing Group’s (SSG) role, in collaboration with our business partners, is to create sustainable competitive advantage for TDBG by leveraging this 3rd-party spend and the expertise of our key suppliers to meet our needs, reduce total cost and mitigate supply-related risks.

Our role is global in scope and we have just embarked on a journey within our department, and more broadly across the organization, to transform the way we do sourcing, purchasing and vendor management.

Our team comprises over 200 people who are located in various TDBG locations across North America. 

Job Description/Accountabilities:

The Buyer is a results-driven team player who will support all of the purchasing activities of the Bank. In this capacity, the person will be a subject matter expert on the Ariba platform, acting as a key point of contact for all systems-related inquiries. In this role, you will interface with stakeholders across the organization, internal business partners, subject matter experts, other members of SSG and external 3rd-parties to support the execution of the Bank's sourcing needs.

Reporting to the Manager, Central Buying Team, the analyst's key accountabilities are;

  • Leads tactical sourcing engagements by reviewing and processing contract drafts.
  • Responsible for Reviewing and approving Purchase Requisitions, coordinating with vendors and tracking PO progress as required.
  • Ensures the accuracy of sourcing requests (SR) and purchase requisitions details.
  • Manages issues with SRs and POs in an efficient and timely manner.
  • Ensures data accuracy within the tools and provide recommendations of ways to operate in more efficient and cost-effective manner.
  • Responsible for the management and support of all SSG purchasing tools and is a subject matter expert on engagements, complex Purchase Orders (POs), e-Auctions and 3 bids and a buy functionality.
  • Ability to analyze large sets of data, providing detailed information to support Strategic Sourcing Group (SSG) buying/ sourcing decisions.
  • Proactively engages with the Strategic Sourcing Functions and Purchasing Team to identify new opportunities to leverage purchasing tools and processes, and/or e-Auction related buying strategies.
  • Drives value through early engagement, commercial acumen, market knowledge and understanding of the Ariba tool.
  • Ensures effective delivery of Strategic Sourcing Group (SSG) services to business partners and ensure prompt and thorough resolution of all client issues.
  • May support the monthly reporting and tracking for departmental KPI's and Savings Targets.
  • Fosters strong collaborative relationships with partners in SSG (TPRM, Category Leads, etc.), the business, and vendor management communities.

Education/Accreditations

  • Post-Secondary education/or equivalent experience
  • Experience in the following is considered an asset:
    • A Purchasing role or demonstrated experience of Strategic Sourcing practices
    • Work experience on the Ariba tool
    • Experience with e-sourcing tools
    • Experience in building dashboards and reporting
    • Previous Buying or Purchasing experience

Other Qualifications/Skills/Experience

  • Demonstrated experience of Strategic Sourcing practices
  • Previous experience working in the procure to pay and source to contract process
  • Strong knowledge of buying group functions and customer service
  • Strong commercial acumen and business judgment
  • Demonstrated stakeholder/relationship management skills
  • Ability to multi-task and work in a fast-paced, customer-service focused environment
  • Excellent communication (written and oral) and interpersonal skills
  • Excellent working knowledge of office software applications, including Microsoft Word, Excel, PowerPoint and Outlook

Location

  • The role would be considered for Mississauga, Canada

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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.

TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.
 

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