Director, Strategic Procurement at Ontario Teachers' Pension Plan

Toronto, Ontario, Canada

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Bachelor’s degree in Business, Accounting, Finance, or a related discipline
10+ years of procurement and sourcing experience, with leadership in managing procurement functions and teams
Strong background in end-to-end Source-to-Pay processes, including category management, contract and vendor performance management, and procure-to-pay systems, with a focus on professional services and technology
Proven expertise in strategic sourcing, contract negotiation, vendor management, and third-party risk management
Experience in procurement transformation, change management, and risk mitigation within investment management or financial services
Demonstrated success in implementing P2P, S2C, and TPRM system solutions
Proficiency in leveraging advanced technologies (e.g., AI) to enhance procurement processes and decision-making
Strong negotiation and influencing skills, with the ability to manage conflict and communicate effectively with senior stakeholders
Excellent analytical, writing, and presentation skills, with the ability to interpret complex data and drive strategic decisions
Experience in coaching, performance management, and talent development
Technological proficiency in MS365, Co-Pilot, ChatGPT, and financial applications

Responsibilities

Build and implement a structured, strategic procurement function aligned with enterprise goals and customer service standards
Lead procurement planning across all spend categories to identify and deliver sustainable cost savings and operational efficiencies
Develop and execute sourcing strategies and mature the supplier management operating model
Translate internal business requirements into clear supplier specifications and manage the full sourcing lifecycle
Identify and implement process improvements, including contract negotiation frameworks, standard terms, and automation tools
Leverage advanced technologies, including AI, to enhance analytics, decision-making, and procurement automation
Champion sustainable and ethical sourcing practices aligned with ESG standards
Foster innovation through supplier collaboration and strategic partnerships
Develop and execute risk management strategies, diversify supplier base, and maintain contingency plans for supply continuity
Manage the Third-Party Risk Management Framework and align it with enterprise risk domains
Oversee vendor performance and contract management, including negotiations, renewals, and spend analysis
Lead talent development initiatives, providing training and fostering a culture of innovation and agility
Provide financial leadership on strategic projects, aligning procurement activities with budgeting, forecasting, and financial reporting

Skills

Strategic Procurement

Sourcing Strategies

Contract Negotiation

Supplier Management

Procurement Planning

Process Improvement

Procurement Analytics

Automation Tools

Ontario Teachers' Pension Plan

Global investment management for pension funds

About Ontario Teachers' Pension Plan

Ontario Teachers' Pension Plan manages a large investment portfolio with $241.6 billion in assets, aiming to grow to $300 billion by 2030. The organization invests in a diverse range of sectors, including agriculture and artificial intelligence, to ensure retirement security for 333,000 teachers in Ontario. Their investment strategy goes beyond just financial returns; they focus on enhancing sustainability in their portfolio companies and seek to create a positive impact on the businesses they invest in and the broader community. This commitment to responsible investing sets them apart from other pension funds, as they prioritize both profitability and a better future.

Toronto, CanadaHeadquarters

1989Year Founded

$15,381MTotal Funding

N/ACompany Stage

AI & Machine Learning, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Professional Development Budget

Employee Discounts

Risks

Healthcare investments may face regulatory and market challenges.

Space exploration investments are subject to technological and regulatory uncertainties.

Nordic expansion exposes the plan to geopolitical and economic risks.

Differentiation

Ontario Teachers' Pension Plan manages $241.6 billion in assets globally.

The plan focuses on sustainable and profitable investments for long-term growth.

It has a diverse portfolio, including agriculture, AI, and healthcare.

Upsides

Recent investments in healthcare show strategic growth in a vital sector.

The Fleet Space investment aligns with global sustainability and innovation goals.

Acquisition of Max Matthiessen expands influence in European financial services.

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