250 Yonge Street Toronto Ontario,M5B 2L7

The Senior Manager, Strategic Sourcing plays a critical role in leading end to end sourcing for BMO’s external labour category, including professional services, advisory, staff augmentation, technology services and managed services across onshore, nearshore, and offshore models. This role partners closely with business leaders to understand workforce needs, upcoming strategic plans, and transformation initiatives, particularly those tied to external workforce strategy, to execute complex sourcing deals that support enterprise-wide objectives. As a key subject matter expert, the Senior Manager brings deep category expertise, strong negotiation capability, and a stable track record within external labour sourcing, helping shape the future structure of BMO’s workforce sourcing model.

Key Accountabilities

Category Strategy & End-to-End Sourcing Execution

• Provides strategic input into business decisions as a trusted advisor and makes recommendations to senior leaders on strategy and new initiatives based on an in-depth understanding of the business/group.
• Develops Category Management Framework and sourcing strategies/recommendations, including roadmap, priorities, and strategic execution plan for categories within the External Labor portfolio.
• Manages and implements sourcing strategy projects throughout their lifecycle, including competitive events (RFI/RFP), supplier selection, and contract negotiations/renewals.
• Conducts market and supply analysis to identify preferred suppliers and optimize supplier mix across staffing firms, niche providers, and SOW partners.
• Leads development and ongoing management of External Labor commercial models, including (as applicable): rate cards, markup frameworks, milestone-based SOW pricing, and value-based pricing constructs.
• Demonstrate strong knowledge of External Labour practices benchmarked against best‑in‑class standards

Demand Management, Workforce Planning Partnership & Value Delivery

• Identifies, develops, and implements demand management and cost reduction opportunities while maximizing overall value for assigned categories and portfolios.
• Partners with HR/workforce planning and functional leaders to align sourcing strategies to workforce demand signals (e.g., skill scarcity, time-to-fill, capacity constraints, seasonality).
• Provides labor market intelligence (skills supply, geographic rate variability, and trends) to inform category strategy, budgeting, and demand shaping.

Supplier Performance, Governance, and Risk

• Evaluates and selects suppliers; performs initial supplier risk assessment and provides input on key supplier risks/metrics.
• Develops strategies and approaches to manage risk and support the business strategy and goals; directs supplier contract negotiations and contract lifecycle activities (create/modify/renew/terminate).

Advisory / Consulting Elements

• Delivers strategic consulting to internal stakeholders on sourcing frameworks, commercial deal structuring, and supplier negotiations for high-value external labor engagements (contingent and SOW).
• Prepares and presents data-driven consulting reports to senior leadership, outlining sourcing strategies, risk assessments, and investment recommendations for complex deals.
• Contributes category intelligence by maintaining reporting on historical initiatives, supplier concentration risk, and (where relevant) location concentration risk to assist in identifying future opportunities across the enterprise.
• Maintains or refreshes category playbooks, commercial models, and key contractual terms/frameworks for External Labor engagements to drive consistency and speed-to-execution.

Operating Model & Ways of Working

• Manages multiple programs/projects simultaneously; resolves conflicting priorities and objectives.
• Operates at a group/enterprise-wide level and serves as a specialist resource to senior leaders and stakeholders; applies expertise to solve complex, non-routine problems and implements changes in response to shifting trends.
• Takes measured risks while protecting the bank by applying the Risk Management Framework and making sound, risk-informed decisions aligned to business strategy and policy/regulatory requirements.
• Broader work or accountabilities may be assigned as needed.
• Maintains knowledge of leading procurement practices and promotes adoption of procurement standards; continuously upgrades knowledge on event and sourcing methodologies.

Qualifications (Required)

• Typically 7+ years of relevant strategic sourcing, supply chain and/or procurement experience and post-secondary degree in related field (or equivalent combination of education and experience).
• Expertise in all areas of sourcing; in-depth knowledge of sourcing/procurement processes, procedures, and controls.
• In-depth knowledge of relevant risk and regulatory requirements; demonstrated ability to assess risks (identify, quantify, prioritize).
• Strong negotiation capability (in-depth/expert) and proven supplier contract negotiation experience.
• Strong analytical and problem-solving skills; ability to compile, synthesize, and draw insights from a variety of sources; data-driven decision making.
• Excellent verbal and written communication skills; influence skills; proven ability to communicate recommendations/results to all managerial levels.
• Ability to manage ambiguity; strong collaboration and cross-group partnership skills.
• Advanced Excel and spreadsheet analysis skills.

Qualifications (Preferred / Strongly Desired for External Labor)

• Category experience in External Labor, including contingent workforce/staff augmentation and SOW-based professional services sourcing and supplier management.
• Experience with external labor program models and tooling (e.g., VMS/MSP environments) and associated governance and performance management.
• Experience building and implementing commercial models (e.g., rate cards, markups, outcome-based SOW constructs) and aligning them to service levels and business outcomes.
• Demonstrated ability to produce executive-ready strategy and risk summaries for complex, high-value engagements.

Salary:

$94,600.00 - $176,000.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at https://jobs.bmo.com/ca/en

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.