Manager Procurement Categories Full Time

Who We Are:

At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years. We offer individuals and institutions a range of trusted investment portfolios and services – and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future.

Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day. You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best – both personally and professionally.

Role Overview:

The Manager Procurement Categories will lead complex procurement deal negotiations; performs financial, commercial, technical and performance evaluations of large and small suppliers; and drives Fidelity’s various Canadian business units in delivering optimized deals. You seek to achieve value for services, maximize operational efficiency, and lead different Fidelity business units through the procurement process, from sourcing to negotiating to contract management. This individual will manage a team of Procurement Specialists in Fidelity Canada’s head office in Toronto.

What You Will Do:

Evaluate and manage large and small suppliers and implement SLA/KPIs in agreements
Perform financial, technical and commercial evaluations of large and small suppliers
Participate in SLA and KPI negotiations with suppliers
Assist and mentor vendor managers in managing external supplier relationships (i.e. performance management, service delivery, SLA/KPI monitoring and reporting, service extensions)
Launch Request for Proposal/Request for Information and evaluate suppliers based on results
Collaborate with Fidelity stakeholders to develop sourcing strategies for products and services
Leverage opportunities for and with other Fidelity procurement teams globally
Determine the appropriate request for proposal/request for information to launch, prepare the relevant documentation and evaluate supplier capabilities and pricing
Benchmark program costs and identify and implement cost saving opportunities
Drive procurement deals to deliver optimally balanced solutions
Lead complex commercial and technical negotiations for contracts and trigger the involvement of relevant business units to review contracts and terms to ensure timely completion of projects
Work with Fidelity’s international procurement teams to ensure that deals maximize economies-of-scale across Fidelity, where appropriate, and deliver local/global cost savings initiatives
Perform contract management
Identify and manage implementation of key contractual terms and conditions to meet business needs, limit liability and reduce legal exposure
Prepare contract summaries
Identify and communicate contractual risks and opportunities
Relationship Management
Expand and promote the role of Procurement throughout Fidelity
Work closely with the supplier and the end user business unit to ensure Procurement is providing the highest level of support
Work directly with business unit stakeholders to assess Fidelity’s needs and provide guidance on strategy, opportunity assessments and sourcing execution
Keep abreast of current and evolving business requirements and market capabilities in order to provide customized procurement support
Develop, communicate, present and deliver reports to management
What We Are Looking For:

University degree or equivalent work experience
7+ years of procurement experience as either a category manager or product manager
Experience dealing with suppliers
Technology procurement experience in the financial services industry is preferred
The Expertise You Bring:

Proven experience in end-to-end procurement of technology and non-technology products and services
Experience in supplier selection via formal RFP process
Experience resolving disputes and advanced understanding of contract law/term constructs
Strong negotiation, facilitation and procurement leadership skills
Strong managerial skills
Excellent relationship management, team and communication skills
Self-motivated, takes initiative and has the ability to effectively organize, multi-task and prioritize a wide array of initiatives
You will be working on a flexible hybrid schedule as part of Fidelity’s dynamic working arrangement.

Current work authorization for Canada is required for all openings.

Fidelity Canada is an equal opportunity employer

Fidelity Canada is committed to fostering a diverse and inclusive workplace. We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.

Accommodation during the application process

Fidelity Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. If you require an accommodation, please email us at [email protected].

No telephone inquiries or agencies please. We thank all applicants for their interest, please be advised that only those selected for an interview will be contacted.

Why Work at Fidelity?

We are proud to be recipients of the following:

Awards

• Canada’s Top 100 Employers
o Greater Toronto’s Top Employers
o Canada’s Top Family-Friendly Employers
o Canada’s Top Employers for Young People

• Great Place To Work® Certified
o Best Workplaces for Inclusion
o Best Workplaces for Mental Wellness
o Best Workplaces for Today’s Youth
o Best Workplaces for Women
o Best Workplaces in Financial Services & Insurance
o Best Workplaces in Ontario
o Best Workplaces with Most Trusted Executive Teams

• LinkedIn Top Companies in Canada

• Human Resource Director (HRD) – Best Place To Work
o HRD – 5-Star Benefit Program
o HRD – 5-Star Diversity & Inclusion Employer

Designations
• Canadian Compassionate Companies – Certified
• Benefits Canada’s Workplace Benefits Award – Future of Work Strategy
• TalentEgg National Recruitment Excellence Award – Special Award for Diversity & Inclusion in Recruiting
• Canadian HR Reporter’s Most Innovative HR Team