Work Location:

Mississauga, Ontario, Canada

Hours:

37.5

Line of Business:

Procurement & Sourcing

Pay Details:

$51,400 - $72,600 CAD

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 in various TDBG locations across North America.

Job Description Summary

In this role you will interface with stakeholders across the organization, internal business partners, subject matter experts, other members of SSG and 3rd-parties to support the execution of the sourcing needs across the Bank.

The Procurement Analyst is a results-driven team player who will support various purchasing activities of the Bank. You will be a subject matter expertise on The Ariba platform, acting a key point of contact for all systems related inquires. The RFx and e-Auction functions will mainly support the Sourcing Manager by executing RFx (Request for Information, Request for Proposal, Request for Quotation) and e-Auction processes within TD's procurement tool. This role requires strong analytical skills, proficiency in Excel, and preferably experience with the Ariba tool.

Job Description/Accountabilities

CUSTOMER

• Manage sourcing initiatives covering a range of complexity that support TD and business partner needs and objectives as well as help to mitigate risks to the organization.

  • Responsible for the management and support of all SSG purchasing tools and is a subject matter expert on PO's, e-Auctions and Contract Compliance within the Ariba tool.

  • Responsible for placing PO's, coordinating with vendors, and tracking PO progress and vendor invoicing.

  • Manage issues with RFxs, e-Auctions, Contract Compliance and POs in an efficient and timely manner. Ensure data accuracy within the tools and provide recommendations of ways to operate in more efficient and cost-effective manner.

  • Drive value through early engagement, commercial acumen, market knowledge and understanding of the Ariba tool.

  • 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.

  • Ensure effective delivery of Strategic Sourcing Group (SSG) services to business partners.

  • May support the monthly reporting and tracking for departmental KPI's and Savings Targets

  • Ensure data accuracy within the tools and provide recommendations of ways to operate in more efficient and cost-effective manner.

  • Ability to analyze data and provide information to support Strategic Sourcing Group (SSG) buying/ sourcing decisions. Provide detailed analysis and reports on sourcing events to stakeholders.

• Maintain clear and consistent communication with all stakeholders, including suppliers and internal teams and provide timely updates on the status of sourcing events and address any queries or concerns.

• Maintain accurate records of all sourcing events and related documentation.

  • May assist in developing and updating sourcing templates, guides, and documentation.

  • Foster strong collaborative relationships with partners in SSG (TPRM, Category Leads, etc.), the business, and vendor management communities

SHAREHOLDER

• Consistently exercise discretion in managing correspondence, information, and all matters of confidentiality; escalate issues where appropriate.

• Be knowledgeable of sourcing practices and procedures within own area of responsibility and keep abreast of emerging trends for own functional area.

• Protect the interests of the organization – identify and manage risks, and escalate non-standard, high-risk activities as necessary.

• Conduct internal and external research projects; support the development / delivery of presentations / communications to management or broader audience.

• Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exist.

• Acquire and apply sourcing expertise, provide guidance, assistance, and direction to others.

• Identify, recommend, and effectively execute standard practices applicable to the discipline.

• Adhere to internal policies/procedures and applicable regulatory guidelines.

• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.

• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite.

EMPLOYEE / TEAM

• Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation, and teamwork and ensure timely communication of issues/ points of interest.

• Support the team by continuously enhancing knowledge / expertise in own area and participate in knowledge transfer within the team and business unit.

• Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques.

• Participate in personal performance management and development activities, including cross training within own team.

• Keep others informed and up to date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities.

• Contribute to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate.

• Contribute to a fair, positive and equitable environment that supports a diverse workforce.

• Act as a brand ambassador for your business area/function and the bank, both internally and/or externally

BREADTH & DEPTH

• First level professional role with focus on performing functional specialized business services or support within defined parameters as directed.

• Requires basic experience and skills and provides standard reporting and /or analysis as directed.

• Requires basic knowledge of the function and / or the business supported.

• Focuses on developing conceptual knowledge of sourcing / procurement practices and procedures.

• Understands key business and functional drivers and processes in the context of their own work.

• Uses existing established methods and procedures to complete assignments and / or solve problems.

• Generally, works within well-defined parameters under the direction of management and/or senior analysts.

• Generally, reports to Senior / Manager role.

EXPERIENCE AND / OR EDUCATION

• Post-Secondary Education and / or

• 1+ years of experience

• 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 multitask and work in a fast pasted, 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, Ontario-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