Procurement Specialist

Procurement Specialist

We’re looking for a Procurement Specialist to join our team! This position is integral to the function of our organization, playing a critical role in our Third-Party Risk Management team. The key responsibilities for this role include:

• Administration of contracts, conducting ongoing due diligence, updating policies and programs as regulations change, assisting with contract negotiations, quarterly reporting to sub committees, and managing the data in the governance, risk and compliance tool

• Manage end‑to‑end procurement activities including requisition intake, sourcing, purchase order execution, and contract administration
• Conduct vendor sourcing activities, including issuing and managing RFIs, RFPs, and RFQs
• Support business units with negotiating pricing, terms, conditions, and service levels with suppliers to achieve best‑value outcomes

• Provide general counsel, advice, and guidance on business, as well as developing and maintaining strong relationships with management, clients and the third parties

• Maintain accurate procurement records and support audits or reporting requests as required
• Use digital solutions to create efficiencies, simplify members’ banking needs, and enhance the member experience

Qualifications:

• Bachelor’s degree in Business, Supply Chain Management, Procurement, Risk, Finance, or a related discipline
• 2 to 3 years’ experience in procurement, sourcing, or vendor management within a regulated or risk‑aware environment, with preference for service-related industries
• Effective communicator to collaborate and build relationships with internal stakeholders and external third parties
• Experience in negotiations to build mutually beneficial third-party relationships
• Detail-oriented and risk aware, contributing to the safeguarding of our company’s assets and reputation
• Proficient in digital literacy, including (but not limited to) critical thinking, problem solving and navigation using digital solutions
• Use and comfortability with a variety of Microsoft 365 applications (Excel, Teams, Viva, Power Automate, Power BI) 

About Us

Hi! We’re Innovation Federal Credit Union. Our purpose is to simplify banking for all Canadians. We like to keep it simple. We have three values – Accountability, Integrity, and Respect – and we are constantly striving to improve our organization to make it better for you (our member and prospective employee)!

How are we different from other Credit Unions? We’ve put in the work to become a federal credit union – just one of three in Canada – to secure the future of our organization and continue to grow across Canada. We are proudly rooted in Saskatchewan, but our vision is national, or as we like to say, "Made in Sask, Built for Canada". 

What sets us apart:

• Commitment to Community: $1.1 million was given to local organizations last year who are making a difference
• Strong focus on Diversity and Inclusion: Nearly 22% of InnovationNation proudly identifies as part of a designated group, reflecting our strong commitment to fostering a diverse workplace
• Benefits that start when you do: Our full-time staff participate in a 7% employer-matched pension plan, extended health benefits, employee and family assistance program, and a staff loan rate. These benefits all start on Day 1 of employment, no waiting period!

In the spirit of Truth and Reconciliation, we acknowledge that we are on the traditional territories of the many First Nations, Métis, and Inuit who have graced these lands for millennia.

We are privileged to live on, work on and enjoy the benefits of these lands, now known as Canada.