Category Analyst Job in Toronto for TMX |

Category Analyst

July 27 2021
Categories Analyst, Information Technology
Toronto, ON
The Procurement Analyst is tasked with planning and executing the sourcing and vendor management activities underpinning the procurement of goods and services defined within particular subcategories and against less complex or more transactional sourcing files and vendor relationships.

Core Responsibilities:
  • Actively support RFI/RFP/RFQ, bidding, supplier selection, and negotiate a process for suppliers as needed
  • Assist in the management and support of day-to-day vendor relationships for productive, mutually beneficial outcomes
  • Partner closely with Category Managers/Advisors in order to better understanding Vendors 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 actionable recommendations on sourcing and vendor management for key vendors in the category
  • Draft and review 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
  • Communicate and report to functional leadership and end-client stakeholders the status of any critical external relationships that could otherwise impact planning and decision making
  • Lead cross-functional sourcing files/initiatives to include; development of sourcing approach and strategy, evaluation of suppliers, analysis of bids/proposals, and preparation/execution of contracts
  • Ensure compliance with all TMX Corporate Policies
  • Resolve complex contract related issues with vendors as needed
  • Report on the status of sourcing files as required, explaining sourcing decisions and pricing to internal clients, function leadership, and other senior management concerning contract terms
  • Manage multiple simultaneous sourcing files and help realized value / achieve savings
  • Assist in the Identification of high-impact cost reduction opportunities.
  • Work with Category Managers / Advisors as required, supporting in the negotiation of contracts, including commercial and non-commercial terms.
  • Collect and evaluate information about potential suppliers.
  • Help Leverage the organization’s buying power to optimize costs, access new suppliers, reduce lead times, and guarantee supply.
  • Work with legal counsel as well as cross-functional areas of the organization to ensure contracts and agreements meet TMX policies and standards.
  • Contributes to vendor relationship management, 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.
  • Delivers values to clients
  • Moves the organization Forward
  • Achieves Results
  • Collaboration as a team player
  • Agile Learner
  • Communicates Effectively
  • Manages complexity
  • Optimizes and Innovates work processes
Skills and Experience:
  • Minimum 5 years previous experience managing activities across the end-to-end IT procurement lifecycle
  • Experience leveraging internal and external partnerships to drive enhanced value for the business
  • Demonstrated experience negotiating contracts
  • Outstanding relationship building, client centricity, and influential skills
  • Track record of delivering commitments
  • Promptly being available in responding to clients inquiries with a sense of urgency and putting clients first
  • Strong verbal, written, and presentation skills
  • Builds relationships with internal and external stakeholders to drive engagement and ensure their input and support using problem-solving, persuasion, and proactive communication skills
  • Strong negotiating, persuading, and influencing skills
  • Is a change agent, embraces new ways of working, tools, and technologies.
  • Keeps up to date on new industry trends and best practices
  • Delivering results and meeting customer expectations
  • Following Instructions and Procedures
  • Adapting and responding to change
  • Coping with Pressures and setbacks
  • Achieving personal work goals and objectives
  • Bachelor's degree in a relevant field with a minimum of 3 relevant experience

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.

Apply now!