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purchasing manager
Title posted on CareerBeacon - Vendor Manager II
Posted on November 20, 2024 by Employer details TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:37.5Line of Business:Procurement & SourcingPay Details:$76,800 - $115,200 CADTD 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:The ITSS TPM Vendor Management Office is responsible for best-in-class vendor management governance and oversight of all technology vendor engagements. As a Centre of Excellence, we have extensive knowledge of our business needs, effectively matching them to the right Third-Party solutions to progress our business strategies. We apply a consistent and comprehensive approach to management of all Third-Party Relationships, understanding and mitigating risks, ensuring these relationships deliver the products and services they have been contracted to provide.Vendor Managers are expected to understand and maintain knowledge of Business Arrangement terms (including key Third-Party and business segment or corporate function (TD) deliverables). Vendor Managers are also responsible for monitoring, analyzing and reporting on performance of Business Arrangements and identifying and escalating issues where identified in order to mitigate risk.On more strategic, critical and/or complex relationships across multiple business segments or corporate functions, the role may also act as the Lead Vendor Manager supporting the Accountable Executive that owns TD's relationship with the Third-Party. Job Description:Manage vendor arrangements through all stages of Third Party Management Lifecycle, in alignment with relevant frameworks, policies and standards. Vendor Managers are expected to understand and maintain knowledge of Business Arrangement terms (including key Third Party and business segment or corporate function (TD) deliverables).The role involves the following tasks:Facilitate end-to-end contracting process with Lines of Business, internal and external stakeholders in accordance with the TPRA processSet up and onboard Third Parties post contract execution including the implementation of the governance structure and interaction models between key TD and Third Party stakeholdersUnderstand the financial terms of a Business Arrangement and monitor a Third Party's financial health to mitigate risk related to costs and servicesCollaborate with internal stakeholders to support business needs by delivering a transition or termination of a Third PartySupport Lead VMOs in consolidating an enterprise view of the relationship with the Third Party in support of the Accountable ExecutiveMaintain strong relationships with internal stakeholdersEnsure integrity in dealing with Third Parties, complying with TD's Expense Policy, Enterprise Procurement Policy, Vendor Management Policy and Code of Conduct and EthicsFocus on continuous improvements to facilitate entering into Third Party Business Arrangements and promote effective deliveryConsistently exercise discretion in managing correspondence, information and all matters of confidentiality; escalate issues where appropriateMonitor, analyze and report a Third Party's performance through delivery against SLAs, SLOs, KPIs or other contractual commitments Document Third Party risk issues, as per the TPRM Issues Management process and standards, escalate issues as appropriate, and partner with Third Party to develop a remediation plan to drive resolution Support develo- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2125425
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