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Position Description: Strategic Sourcing Analyst


As an integral member of the Strategic Sourcing Group, which is responsible for negotiating and sourcing best-in-class supplier agreements which offer the best possible service, quality and pricing performance for products and services used across the enterprise, with the objective of achieving targeted annual savings on TDBFG non-interest expenses, a Sourcing Analyst provides strong analytical, research, and reporting support to Sourcing Managers in the delivery of Strategic Sourcing initiatives. In this capacity you will:

  • Develop appropriate pricing templates and models that facilitate efficient supplier pricing analysis for various initiatives;
  • Conduct accurate and timely pricing/savings analyses that facilitates the understanding of a supplier's pricing proposal by the Sourcing Manager and Business Owner;
  • Develop evaluation analyses that highlight key areas where suppliers have strong or weak positions and collect feedback from business unit representatives;
  • Compile and organize spend data in logical ways that facilitate efficient, effective analysis of broad data sets so that meaningful conclusions and findings can be developed;
  • Gather, analyze and present comprehensive supplier, market and user information that provides knowledge and insight (e.g. industry trends, challenges, user preferences, etc.) on categories/initiatives being sourced. This may require a review of data repositories, developing surveys and questionnaires;
Qualifications:

Post secondary education with any combination of procurement/Business/Finance/IT/Retail experience is an asset. Candidates should possess a combination of strong analytical skills along with good oral and written communication skills.
Professional Development:

While an analyst gains exposure to many different areas within the bank by providing analytical support on a variety of projects for different business units, there is also the opportunity to specialize in a particular sourcing category, e.g. technology or professional services/consulting. In their role, the analyst interacts with Sourcing Managers, Business Unit representatives and Supplier representatives. This type of ongoing exposure can lead to an Associate Manager role within SSG or other associate or intermediate/senior analyst (finance, project management, etc.) roles within the bank.