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Vice President, Global Procurement

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Canada Life

2mo ago

  • Job
    Full-time
    Expert Level
  • Government & Politics
    Logistics
  • London

AI generated summary

  • You need strong leadership in procurement, sourcing expertise, risk management experience, strategic planning skills, and a track record of driving results and fostering collaboration.
  • You will lead global contracts, create standardized processes, manage vendor relationships, provide insights, and ensure compliance with risk management standards while collaborating with key stakeholders.

Requirements

  • Experience leading a team of leaders and professionals that negotiate with external vendors
  • A demonstrated history of driving results, and contributing to change processes that improve both the operational and organizational performance, and creates a culture of accountability
  • Expertise in sourcing
  • Experience managing third party risk in collaboration with stakeholders from Privacy, Risk, Compliance, Technology, etc.
  • Proven ability in developing highly effective mid-term and long-term plans in line with the company’s strategic objectives
  • Highly adept at setting goals, determining priorities, and identifying potential risks and opportunities
  • Can successfully connect and articulate Procurement’s role to the broader strategy and our business
  • Able to assess and prioritize work, identify key issues, create efficiency and maintain attention to detail
  • Drive financial and operational performance of the procurement group; must understand budgeting, forecasting, and the key drivers and levers of costs
  • A proven track record of fostering collaborative relationships, which inspire the right outcomes and creates confidence with colleagues and senior executives

Responsibilities

  • Lead most global contracts, identifying opportunities and providing benefits and synergies across the various business segments and across Great West Lifeco
  • Create standardized processes, procedures and reporting to streamline activities and increase global consistency, effectiveness, and collaboration
  • Global reporting includes forecasting and value driven insights and recommendations across the business segments
  • Establish and lead a governance committee at the regional and global level to manage effectively and bring visibility to key issues
  • Provide subject matter expertise to regional procurement and vendor relations leaders on regional-specific initiatives
  • Create the global external vendor relationship strategy and participate in the negotiation and establishment of contracts on behalf of the organization
  • Partner, align, and support key internal stakeholders such as Legal and Risk to enhance current approaches to the procurement process
  • Implement and manage all third-party risk processes according to Supplier Risk Management Policies and standards, and report on these to regulators
  • Accountable for development and roadmap of Vendor management system in conjunction with Technology
  • Support the internal business stakeholders in the interactions and dealings with the external vendors to maximize the partnership for the broader organization

FAQs

What is the job title for this position?

The job title is Vice President, Global Procurement.

What type of employment is being offered?

This is a Permanent Full-Time position.

What are the main responsibilities of the Vice President, Global Procurement?

The main responsibilities include leading global contracts, creating standardized processes, establishing governance committees, providing subject matter expertise, and managing third-party risk processes.

What qualifications are required for this role?

Candidates should have experience leading teams, a history of driving results, expertise in sourcing, experience managing third-party risk, and proven ability in strategic planning.

Which stakeholders will the Vice President work with?

The Vice President will partner with key internal stakeholders such as Legal, Risk, Compliance, and Technology.

Is experience in vendor negotiation required for this position?

Yes, experience leading a team that negotiates with external vendors is required for this role.

What does the company value in its workplace?

Canada Life values a diverse and inclusive workplace where every employee has the opportunity to reach their potential.

How does Canada Life support career development?

Canada Life offers an environment where employee well-being is championed, allowing opportunities for individuals to excel and find better ways to deliver exceptional experiences.

Will applicants be contacted after applying?

Canada Life thanks all applicants but will only contact those who qualify for an interview.

Does Canada Life have a commitment to accessibility?

Yes, Canada Life is dedicated to providing an inclusive, accessible environment and removing barriers to provide equal access to employment.

How can applicants request a reasonable accommodation during the application process?

Applicants can request a reasonable accommodation by contacting talentacquisitioncanada@canadalife.com.

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Canada Life

Helping Canadians improve their financial, physical and mental well-being.

Finance
Industry
10,001+
Employees
1847
Founded Year

Mission & Purpose

At Canada Life, we’re focused on improving the financial, physical and mental well-being of Canadians. Whether handling policy claims, help growing and protecting clients’ retirement and investment savings, providing workplace mental health support for all employers or helping build stronger communities by investing in community projects, we are committed to putting the customer first in all that we do. That trust is built on the dedication, skill and energy of our employees and advisors and their commitment to our customers and to our communities. Canada Life is a subsidiary of Great-West Lifeco Inc. and is a member of the Power Corporation group of companies.