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Category Advisor (12 month contract)

July 28 2021
Categories Accounting, Finance, Information technology, Transport, Logistics, Supply Chain, Purchasing
Toronto, ON
The Category Advisor is tasked with planning and executing the sourcing and vendor management activities underpinning the procurement of goods and services defined within particular categories but in doing so, taking an advisory and consultative approach with end clients and partners in managing across the procurement lifecycle.

  • Lead/Manage RFI/RFP/RFQ, supplier selection and negotiate a process for suppliers as needed.
  • Executes end-to-end procurement lifecycle including Executing contract negotiations, including commercial and non-commercial terms, working with internal and external legal counsel, information security, and other cross-functional areas of the organization to ensure contracts and agreements meet TMX policies and standards. Manage day-to-day vendor relationships for productive, mutually helpful outcomes
  • Develop a detailed understanding of each Vendor with an assigned Category, and key relationships within each
  • Utilize business intelligence and reporting made available by the Manager, Analysis, and reporting in order to make impactful recommendations on sourcing and vendor management for key vendors in the category
  • Takes a project management approach to ensure deliverables are met within the appropriate timelines.
  • Draft, review, and execute agreements between TMX entities and vendors.
  • Ensure the financial health of the vendor, including all inherent risk drivers, are clearly understood and spend owners are advised accordingly, including compliance with Risk Assessment protocols/procedures developed and implemented by the Head, Procurement Operations
  • Responsible for ensuring maximum legal protection through detailed documentation and review of vendor terms and conditions
  • Responsible for accurate data and analysis in monthly and quarterly Category reports to team in monitoring market, category, and competitor performance.
  • Develop clear and consistent category approaches in alignment with functional and end-client objectives, using Analysis of industry trends and conditions
  • Engage end client partners to understand key priorities and provide feedback to Category management
  • Communicate and report to functional leadership and end-client partners the status of any critical external relationships that could otherwise impact planning and decision making
  • Proactively supervise and analyze performance and trends within categories to identify, highlight issues and opportunities that support the business.
  • Contribute to the development of improved strategic sourcing strategies
  • Evaluate risk, assess, and prepare forecasts, scenarios, and other factors concerning the supply market, write reports and recommendations.
  • Lead cross-functional assigned sourcing files/initiatives to include; development of sourcing approach, evaluation of suppliers, analysis of bids/proposals, and preparation/execution of contracts
  • Participate in professional development activities to keep abreast of current industry best practices Ensure compliance with all TMX Corporate Policies
  • Identify and provide input into vendor scorecard elements based on contractual requirements and KPIs
  • Identify high-impact cost reduction opportunities. Resolve sophisticated contract related issues with vendors as needed
  • Participate in the evaluation of formulation of procurement policies and procedures
  • Presents and explains sourcing decisions and pricing to internal clients, function leadership, senior management
  • Takes an account management approach to managing multiple simultaneous sophisticated sourcing files, performing check-ins, follow up with clients, and leading quarterly vendor performance reviews
  • Leverage the organization’s buying power to optimize costs, access new suppliers, reduce lead times, and guarantee supply.
  • Supervises transactions/deliverables to ensure that they are in accordance with the Contract, SoW or Purchase order and ensures that nonperformance is addressed immediately and issues resolution is managed in a structured way.
  • Actively manages vendor relationships, risk mitigation (financial, business continuity, reputational, contractual, commercial), and continuous improvement to optimize value and deliver mutual benefits over the life of the relationship.
  • Develop and maintain constructive and cooperative working relationships with colleagues and management.

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it. network