TD Bank Sourcing Manager in South Portland, Maine

Auto req ID 189009BR

Job Title Sourcing Manager

Job Status Full Time


Province/ State Maine

New Jersey

City Mount Laurel

South Portland

Location 3000 Atrium Way

So Portland - Donald B Dean

Business Line Corporate

Job Category - Primary Finance | Accounting

Job Category(s) Finance | Accounting

TD Description About TD Bank, America's Most Convenient Bank®

TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit at Find TD Bank on Facebook at and on Twitter at .

TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit at .

Job Description

The Sourcing Manager manages the day-to-day execution of sourcing mandate and category management for assigned portfolios.

Job Requirements

• Assists the Senior Category Manager to support business partners.

• Manages category and strategic sourcing strategies that support TD and business partner needs and objectives as well as help to mitigate risks to business and TDBFG.

• Provides guidance on outsourcing governance best practices.

• Contributes to TDBFG's target savings while meeting the needs of internal business partners.

• Monitors supplier contract value and category spend compliance.

• Manages/leads/develops a team of specialists/professionals to ensure succession and staffing needs are addressed by recruiting, training, coaching and conducting performance assessment of team members.

• Develops demand management strategies for category specialty (spend analytics, identify spend efficiencies and sourcing opportunities) and category value optimization strategies (total cost of ownership analytics and optimization, supply chain quality improvements, cost modeling, procurement related economics & financial analysis).

• Monitors supplier contract value and category spend compliance.

• Supports the development and implementation of North American category strategies employing category management best practices.

• Conducts market intelligence activities for category specialty Industry, supply market and supply chain research and analytics, category sourcing and outsourcing trends and best practices.

• Develops sourcing strategies and with oversight of Senior Category Manager, manages strategic sourcing activities.

• Leads sourcing initiatives including requirements gathering, supplier/solutions evaluation and supplier selection activities.

• Leads contract negotiations with external suppliers and internal stakeholders.

• Ensures sourcing process and supplier contracts deliver maximum quality, at service levels and/or price points that meet business partners’ requirements.

• Facilitates the vendor selection process working as a team with Associates and Analysts.


• 4 Year Degree or equivalent experience

• 7+ Years of related experience

• Must have relevant management/supervisory experience in order to effectively manage/develop staff.

• Must have excellent negotiating and influencing skills to be utilized during internal and external negotiations.

• Must have strong Relationship Management skills, Negotiation skills, Project Management experience.

• Strong presentation skills and strong analytical skills.

• Specialized knowledge required to negotiate and assess vendors on behalf of the Bank.

• Must have general knowledge of Strategic Sourcing lifecycle.

• Must have general knowledge of the TD Bank organizational structure, including the main business groups and their functions, key contact points, etc.

• Proficiency with applications: Excel, Word, PowerPoint and/or other office tools.

• May be required to travel to various business unit/client locations.


At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.

If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

**Province/State (Primary) New Jersey

City (Primary) Mount Laurel

ProvState 2 Maine

City(s) 2 South Portland