Accountabilities: Drive the contract negotiation process, with consultative support, as required, from other areas Proactively work with the business area to understand business needs, business strategy, and pipeline of contract renewals to build an overall supplier contract strategy Plan and conduct sourcing events (e.g. RFI, RFP, contract negotiation/renewal, etc.) Track, monitor, and manage sourcing and contracting agenda including progress, risk, and benefits Provide the managers with advisory assistance in strategic sourcing Act as the issues/incident escalation point for the supplier that may have an enterprise-wide impact or not resolved at the business level Ensure the accuracy of purchase requisitions, PO details Conduct market intelligence activities Lead due diligence activities to ensure contracts and renewals incorporate business and regulatory requirements Track calculations of penalties and disputes and participating in their settlement Maintain up to date the policies, procedures and processes regarding contract and procurement management Maintain and upgrade the systems and tools allowing adequate management of all procurement documents Create, maintain, and meet deadlines for procurement reporting and KPIs Perform other duties as assigned Experience and skills required: Procurement and strategic sourcing experience in banking industry and OSFI guidelines Ability to develop and maintain strong relationships with multiple vendors and business partners both internal and external Strong financial acumen and negotiation skills Attention to details and ability to work independently Strong problem-solving skills Excellent written and verbal communication skills, comfortable and confident communicating at all levels including business partners, Executives and Vendors Excellent knowledge of computer software such as MS Office Familiarity with ERP systems Education Bachelor degree in Business or Engineering or equivalent Experience 4-5 years of relevant experience This role is now vacant WE ARE PROUD TO BE RECOGNIZED AS Great Place to Work® Canada for 2025 and Montreal's Top Employers 2025 by Canada’s Top 100 Employers! Learn more: https://www.fairstone.ca/en/about/canadian-lender Follow us on LinkedIn: https://www.linkedin.com/company/fairstone/mycompany/ If you have a preferred language for communication, please kindly inform us whether you prefer French or English on your application. Fairstone is an equal opportunity employer. Accordingly, we will make reasonable accommodations to respond to the needs of people with disabilities. Individuals who view themselves as Aboriginals, members of visible minorities, and disabled are encouraged to apply in confidence. Time Type: Full time Job Type: Permanent RECOGNIZED AS ONE OF MONTREAL'S TOP EMPLOYERS (2025) Fairstone Bank of Canada and its subsidiaries, including Fairstone Financial Inc. and Home Trust Company, deliver innovative, accessible and reliable financial solutions that enable Canadians to reach their financial goals. Collectively, we offer residential and commercial mortgages, consumer deposits and GICs, retail and automobile financing, credit cards and digital lending, in addition to unsecured and secured personal loans online and at more than 255 branches coast to coast. With a long-established history, we are proud to be Canada's leading alternative lending bank. More at FairstoneBank.ca
