Title:  Manager, Vendor Management - Toronto, ON

Requisition ID: 268750 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Banking and Markets 

Global Banking and Markets (GBM) is a leading Canadian Capital Markets and Investment Banking business with a growing platform in the US and Latin America, operating globally for over 100 years. Scotiabank’s strong U.S. presence provides our clients an important bridge to this key global market for trade and investment flows across the Americas and the world.

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group. 

Be part of an innovative, Global Capital Markets and Investment Banking business with a unique geographic footprint that puts capital to work for our clients across industries!  We work together to drive ambition for every future!

Purpose
Responsible for developing and maintaining strategic relationships with market data vendors and internal stakeholders to ensure alignment with business and technology objectives. The role ensures services are delivered cost-effectively while mitigating regulatory, financial, and reputational risks. The incumbent manages a portfolio of vendor relationships through the full contract lifecycle while leading a team of Vendor Managers, providing leadership, guidance, coaching, and oversight to support the successful delivery of departmental objectives.

What You’ll Do:

Vendor & Stakeholder Management

• Lead strategic vendor relationships, ensuring alignment with business objectives, service expectations, and contractual commitments.
• Manage vendor performance, contract renewals, negotiations, and issue resolution to maximize value and service quality.
• Provide expert guidance on sourcing, market data licensing, vendor selection, and industry best practices while fostering strong stakeholder partnerships.

Business Operations, Risk & Compliance

• Ensure compliance with procurement, third-party risk, regulatory, and vendor management policies through effective governance and oversight.
• Identify, assess, and mitigate vendor-related operational, financial, licensing, and compliance risks, including issue escalation and remediation.
• Drive process improvements, operational efficiencies, and governance enhancements across vendor management activities.
• Maintain controls and processes to support licensing compliance and mitigate vendor-related operational, financial, and regulatory risks.

Financial Management

• Oversee vendor budgets, forecasts, spend management, invoice validation, and contractual financial obligations.
• Lead commercial negotiations, pricing reviews, utilization analysis, and cost optimization initiatives to deliver savings and business value.
• Develop business cases, benchmarking analyses, and financial reporting to support strategic and operational decision-making.

Team Leadership & People Management

• Lead, coach, and develop a high-performing team of vendor management professionals, fostering accountability, collaboration, and continuous improvement.
• Establish team priorities, allocate resources, monitor performance, and ensure achievement of business objectives and service commitments.
• Serve as the primary escalation point for complex vendor, contractual, operational, and stakeholder issues while supporting talent development and succession planning.

Strategic Initiatives & Reporting

• Oversee vendor onboarding, renewals, sourcing activities, and transformation initiatives to support evolving business needs.
• Conduct vendor evaluations, benchmarking, usage analysis, and alternative solution assessments to optimize vendor strategies.
• Prepare and present management reporting on vendor performance, spend, contracts, risks, and key operational metrics while representing the function in cross-functional forums.

What You’ll Bring:

• 10+ years of experience in financial services, market data management, vendor management, procurement, contract management, or a related discipline.
• Demonstrated experience leading, coaching, and developing professional staff.
• Proven experience managing vendor relationships and negotiating complex commercial agreements.
• Strong knowledge of vendor management frameworks, contract lifecycle management, and market data licensing practices.
• Strong understanding of third-party risk management, governance, compliance, and operational controls.
• Demonstrated financial acumen, including budgeting, forecasting, spend management, and cost optimization.
• Strong analytical, problem-solving, negotiation, project management, and change management skills.
• Excellent communication and leadership skills with the ability to influence stakeholders across multiple levels of the organization.
• Experience managing competing priorities and supporting teams in a complex, fast-paced environment.
• High degree of autonomy, sound judgment, and ability to operate effectively in complex and ambiguous environments.

Work Arrangement

• Work in a standard-office environment

Interested? 
If your experience is closely related but doesn’t align perfectly with every qualification, we do encourage you to apply - you might be the right candidate for this or other roles at Scotiabank! 
At Scotiabank, every employee is empowered to reach their fullest potential, respected for who they are and, embraced for their differences. That’s why we work to grow and diversify talent and engage employees in a performance-oriented culture.

What's in it for you? 
Scotiabank wants you to be able to bring your best self to work – and life, every day. With a focus on holistic well-being, our many flexible benefit programs are designed to help support your unique family, financial, physical, mental, and social health needs.

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our  Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.