Title:  Vendor Manager - Toronto, ON

Requisition ID: 268752 

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

 Vendor Manager - Toronto

Global Banking and Markets

Global Banking and Markets (GBM) conducts the Bank’s wholesale banking and capital markets business with corporate, government and institutional investor clients. GBM is a full-service wholesale bank and investment dealer in Canada and Mexico and offers a range of products and services in the U.S., Latin America and in select markets in Europe and Asia-Pacific.

More specifically, GBM provides clients with: corporate lending; transaction banking (including payments, trade finance and cash management); investment banking (including corporate finance and mergers & acquisitions); fixed income and equity underwriting, sales, trading and research; prime services (prime brokerage and stock lending); foreign exchange sales and trading; commodity derivatives; and collateral management.

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

• Manage strategic vendor relationships and partnerships, ensuring alignment with business objectives, service expectations, and contractual commitments.
• Lead vendor performance reviews, issue resolution, contract discussions, and commercial negotiations to optimize value and service delivery.
• Provide subject matter expertise on vendor selection, licensing, contract terms, market data services, and industry trends.

Business Operations, Risk & Compliance

• Oversee vendor lifecycle activities, ensuring compliance with enterprise policies, governance standards, contractual obligations, and regulatory requirements.
• Identify, assess, and manage vendor-related operational, financial, compliance, and licensing risks, including issue escalation and remediation.
• Support audits, regulatory reviews, and continuous improvement initiatives to strengthen controls, efficiency, and governance practices.
• Maintain controls and processes to support licensing compliance and mitigate vendor-related operational, financial, and regulatory risks

Financial & Contract Management

• Manage vendor contracts, renewals, licensing agreements, and commercial negotiations to ensure business value and contractual compliance.
• Monitor vendor spend, utilization, invoices, and financial commitments, ensuring accuracy, cost-effectiveness, and budget alignment.
• Develop business cases, financial analyses, forecasts, and reporting to support decision-making and cost optimization initiatives.

Project Delivery & Business Support

• Lead and support vendor-related projects, sourcing activities, contract renewals, service changes, and strategic initiatives.
• Partner with business and technology stakeholders to evaluate requirements and identify appropriate vendor solutions.
• Maintain vendor documentation, reporting, and analysis related to spend, contract status, utilization, and risk metrics.
• Act as a subject matter expert on market data licensing, vendor agreements, and commercial practices.

Additional Responsibilities

• Manage new vendor engagements, contract amendments, renewals, vendor rationalization activities, and issue resolution efforts.
• Conduct benchmarking, market research, and vendor assessments to identify opportunities for improved value and service delivery.
• Participate in governance forums, contribute to process improvements, and provide guidance and knowledge sharing across the team.
• Provide guidance and mentorship to junior team members and assist with knowledge transfer activities as required.

Scope & Dimensions

• Manage a portfolio of market data vendors with varying levels of complexity, spend, and strategic importance across multiple business areas.
• Operate with a high degree of autonomy while collaborating with stakeholders across business, technology, sourcing, legal, risk, and compliance functions.
• Provide market data and vendor management expertise, influencing business decisions through analysis, recommendations, and relationship 

What You’ll Bring:

• 5 years of experience in financial services, market data management, vendor management, procurement, contract management, or a related discipline.
• Proven experience managing vendor relationships and negotiating commercial agreements.
• Strong understanding of contract lifecycle management, vendor governance, and third-party risk management practices.
• Knowledge of market data licensing models, vendor services, and financial information providers.
• Demonstrated financial acumen, including budgeting, forecasting, spend management, and cost optimization.
• Strong analytical, problem-solving, negotiation, and project management skills.
• Excellent verbal and written communication skills with the ability to influence stakeholders at multiple levels.
• Ability to manage multiple priorities in a complex and fast-paced environment.
• Strong organizational skills, attention to detail, and sound business judgment.

Work Arrangement:

• Work in a standard-office environment

Interested?

At Scotiabank, you’ll be joining an organization that values inclusion, accountability, innovative thinking and collaboration, a culture where people feel safe to learn, grow, and contribute while delivering exceptional results for our clients. We believe in winning together, as one team, strengthening the collaborative spirit that defines GBM’s client partnerships. We value transparency, shared goals, and purposeful work.  

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.