Director, Procurement

The role

The Director, Procurement will lead the execution and development of enterprise procurement and vendor management functions. This role provides strategic and operational leadership across procurement strategy, category planning, and complex commercial negotiations.

What you will do

• Develop and execute annual procurement plans, category strategies, and savings initiatives.
• Identify opportunities for cost optimization and supplier consolidation through analysis.
• Establish sourcing and negotiation strategies for IT, SaaS, AI, cloud, and other categories.
• Lead high-value sourcing engagements from intake through contract execution.
• Lead RFIs, RFQs, and RFPs including evaluation and executive business cases.
• Lead complex supplier negotiations covering pricing, service levels, and risk allocation.
• Partner with Legal, Information Security, Risk, and Finance to resolve contractual issues.
• Oversee contract renewals, amendments, and Statements of Work.
• Maintain procurement policies, playbooks, and compliance controls.
• Lead supplier performance management including scorecards and service reviews.

Required qualifications

• 12+ years of progressive experience in procurement, strategic sourcing, vendor management and/or commercial contracting.
• Demonstrated experience leading complex, high-value and business-critical sourcing and negotiation engagements.
• At least 5 years of procurement experience within financial services.
• Strong experience negotiating technology agreements across SaaS, AI, cloud, hardware, telecom and professional services.
• Demonstrated experience developing category strategies, leading competitive sourcing events and preparing executive-level business cases.
• Experience managing supplier governance and performance within a regulated environment.
• Understanding third-party risk, privacy, information security, regulatory and governance requirements.
• Demonstrated people leadership, coaching, work allocation and quality oversight experience.
• Advanced proficiency with Microsoft Excel.
• Ability to collaborate effectively with stakeholders across North American time zones in a remote working environment.
• Bachelor's degree in Business, Supply Chain, Finance, Law or a related discipline.

Nice to have

• Formal people-management experience leading Procurement and/or Strategic Sourcing teams.
• Experience within highly regulated financial services organizations.
• Experience implementing, optimizing or transforming enterprise procurement processes and operating models.
• Experience with CLM, ERP, source-to-contract or procurement platforms such as GEP, Coupa, SAP Ariba or Ivalua.
• Experience driving procurement automation, workflow improvements and reporting/dashboard enhancements.
• Professional procurement or supply-chain designation such as SCMP, CPSM or equivalent.
• Relevant master's degree.

Benefits

• Discretionary annual bonus
• Health and dental plans with 100% of the premiums covered
• Employee Assistance Program
• Retirement savings options
• Hybrid work model
• Reimbursement for tuition assistance and professional development
• Discounts through Perkopolis
• Rewards and recognition programs

About the company

Momentum Financial Services Group is the team behind Money Mart, Canada’s largest non-bank branch network. They provide financial solutions for underserved communities through products like short-term loans, money transfers, and prepaid cards.