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Strategic Sourcing Business Partner

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Interac Corp.

16d ago

  • Job
    Full-time
    Mid & Senior Level
  • Toronto
  • Quick Apply

AI generated summary

  • You must be eligible to work in Canada, have fintech knowledge, strong data analysis skills, market research abilities, RFx process experience, contract review precision, and critical thinking skills.
  • You will collaborate with stakeholders to define requirements, manage RFx processes, analyze vendor proposals, negotiate contracts, utilize data analytics for insights, and ensure compliance with standards.

Requirements

  • Eligibility to work for Interac Corp. in Canada in a full-time capacity.
  • Payment/fintech knowledge (Interac products, platforms, corporate strategy)
  • Strong ability to analyze and interpret data to make informed decisions, conduct cost-benefit analysis to evaluate vendor proposals and optimize costs.
  • Strong skills in conducting market research to identify potential vendors, industry trends and best practices with the ability to assess and evaluate vendor qualifications, capabilities and financial stability.
  • Capability to plan and manage the end-to-end RFx process including timelines, ability to manage multiple projects simultaneously and prioritize tasks effectively.
  • Proficiency in drafting comprehensive RFx documents, specifications, and communications.
  • Precision in reviewing and analyzing vendor proposals, contracts and other documentation, ensuring the accuracy and completeness of sourcing/procurement related documentation.
  • Ability to think critically and analyze complex situations, identify issues and propose solutions.

Responsibilities

  • Collaborating with stakeholders to define requirements for products/services, creating comprehensive RFx documents including specifications, evaluation criteria and terms, and managing the RFx process including distribution, vendor communication, and response evaluation.
  • Assisting the Strategic Sourcing Leader in conducting market research to identify potential vendors, evaluate vendor qualifications and capabilities and financial stability.
  • Assisting the Strategic Sourcing Leader in analyzing vendor proposals including pricing and contractual terms, negotiating contracts with vendors to optimize costs/terms and collaborating with internal stakeholders to ensure business needs are met.
  • Assisting the Strategic Sourcing Leader to manage contract negotiations, work with Legal to draft and finalize contracts, and ensure terms align with organization standards.
  • Supporting the Strategic Sourcing Leader to utilize data analytics to drive insights and provide reporting on sourcing/procurement activities, prepare reports to stakeholders on key sourcing metrics, and identify opportunities for process improvements.
  • Collaborating with cross functional teams (e.g., Risk, Privacy, & Security) to ensure vendor assessments are completed and satisfy organization standards.
  • Building and maintaining close business partner relationships with key stakeholders across multiple levels and providing procurement knowledge and best practices to support business priorities.

FAQs

What are the key responsibilities of the Strategic Sourcing Business Partner?

The key responsibilities include collaborating with stakeholders to define requirements, managing the RFx process, conducting market research to identify vendors, analyzing vendor proposals, negotiating contracts, utilizing data analytics for reporting, and building relationships with stakeholders.

What qualifications do I need to apply for this position?

You need to be eligible to work in Canada, have knowledge of payment/fintech, strong analytical skills, experience in market research, proficiency in RFx documentation, and the ability to manage multiple projects effectively.

Is prior experience in procurement necessary for this role?

While prior experience in procurement is highly beneficial, what matters most is your ability to analyze data, manage vendor relationships, and navigate the sourcing process.

Will I be working independently or as part of a team?

You will be collaborating closely with cross-functional teams, including Risk, Privacy, and Security, while also building relationships with key stakeholders across multiple levels of the organization.

What type of background check is required for employment?

Interac requires a background check that includes a Canadian criminal record check, public safety verification, Canadian ID cross-check, 5-year employment verification, education verification, and, if applicable, a credit inquiry and social media check.

Are opportunities for professional development provided?

Yes, Interac invests in employee development to ensure you are the best at what you do, providing education and training opportunities.

What is the company culture like at Interac?

The culture at Interac encourages excellence, connection among talented individuals, and actively rewards contributions, aligning with their core values.

Can I expect any benefits or perks aside from salary?

Yes, Interac offers a multitude of benefits and perks, including compensation driven by individual and corporate performance.

How does this role contribute to the overall goals of Interac?

The Strategic Sourcing Business Partner plays a key role in optimizing vendor partnerships, ensuring the best value and quality, and supporting Interac's mission to shape the future of the digital economy in Canada.

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Interac Corp.

Get more out of life with INTERAC. Profite plus de la vie avec INTERAC.

Finance
Industry
201-500
Employees
1984
Founded Year

Mission & Purpose

Interac Corp. empowers Canadians to access, spend and send funds whenever and from wherever they choose. With nearly 300 financial institutions connected to our network, we enable payment and ID experiences that support Canadians’ accelerated use of safe and digital payments while prioritizing interoperability, security, privacy, and inclusivity. We are proud to be one of Canada’s leading and most trusted financial brands, with Canadians choosing Interac products an average of 18 million times a day to pay and exchange money. Interac champions workplace culture and corporate citizenship based on the principles of responsibility, diversity and inclusion.