Senior Sourcing Manager-(Hybrid)

Central 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5 million diverse customers in communities across Canada. For more information, visit www.central1.com. What we offer: Work-life flexibility Hybrid work environment Variable annual incentive plan Generous annual vacation allotment Top-notch flexible benefits plan including family building and gender affirmation Retirement Plan, matched contributions at 6% Access to a learning platform and educational assistance support Access to a virtual wellness platform Career development opportunities Wellness Flex Fund to support personal interest and activities Day off to volunteer in your community and other paid time off options Corporate discounts *subject to employment agreement Job Summary: Join Central 1 as a Senior Sourcing Manager and play a key role in shaping how we manage our most strategic supplier relationships and investments. You’ll lead high-impact, enterprise-wide sourcing initiatives and complex commercial negotiations, while partnering with senior leaders to drive strong business outcomes. You’ll help strengthen supplier performance, governance, and risk management, provide strategic guidance on key sourcing decisions, and mentor procurement professionals. This is an opportunity to influence procurement strategy and deliver meaningful value across the organization. What you'll be doing: Strategic Leadership & Enterprise Influence Develop and lead enterprise sourcing strategies for critical supplier categories supporting Central 1's strategic objectives and technology roadmap. Influence business investment decisions through market intelligence, supplier insights, benchmark data, and commercial recommendations. Act as the procurement lead for high-profile initiatives, strategic projects, and major third-party engagements. Provide subject matter expertise and strategic guidance to senior leaders regarding supplier markets, sourcing approaches, and commercial risk. Identify opportunities to improve enterprise-wide supplier leverage, reduce spend fragmentation, and maximize commercial outcomes. Support annual procurement planning and development of the enterprise sourcing pipeline. Tier 1 & Tier 2 Supplier Ownership Serve as Procurement Relationship Executive for assigned strategic suppliers. Lead executive governance discussions and business reviews with strategic supplier leadership teams. Drive supplier performance, innovation initiatives, continuous improvement programs, and value realization activities. Coordinate executive escalation and remediation activities for critical supplier issues. Evaluate and challenge supplier strategies, pricing models, commercial structures, and operational performance. Commercial Negotiations & Contracting Lead negotiations for complex technology, professional services, software, cloud, payment, and operational services agreements. Drive favourable, commercial terms, pricing structures, service commitments, and contractual protections. Collaborate with Legal and Risk teams to address contractual, regulatory, privacy, cybersecurity, and operational risk requirements. Manage renewals and renegotiations to maximize enterprise value while minimizing risk. Supplier Risk & Governance Support third-party risk management activities for critical suppliers. Ensure sourcing activities comply with procurement policies, regulatory expectations, and internal governance frameworks. Assess financial, operational, cybersecurity, concentration, and resiliency risks during sourcing and contract renewal activities. Support ongoing supplier governance and remediation activities for high-risk suppliers. Stakeholder Partnership Develop strong relationships with s…

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