City : Toronto or London

Category : Permanent FT

Industry : Finance

Employer : Workplace Safety and Insurance Board (WSIB)

Location: Toronto or London

Salary Grade: VP2 - from $144,843.20 to $217,264.80

Job Summary:

Reporting to the Chief Corporate Services Officer, the Vice President, Strategic Sourcing and Vendor Services is responsible for providing strategic and tactical direction to all aspects of Procurement and supply chain, including market intelligence, internal and external reporting, third party risk and vendor management, cost control and financial planning; to support WSIB business activities. The role is responsible for the efficient and effective management of the services that are delivered in accordance with established quality and performance standards and within expected budgets. The role is responsible for providing leadership, structure and process to division staff, identifying and developing improvement opportunities that are aligned with WSIB’s strategic priorities and confirming to an agreed to level of quality and compliance with policies and practices. In addition, as a member of the Senior Leadership Team within the Corporate Services Cluster, you will play a highly engaged role in developing and executing against overall business strategies and goals, leading to top and bottom line business performance.

Major Responsibilities:

1. Functional Leadership:

• Provides leadership and direction in the development and execution of all procurement, supply chain management, third party risk management and vendor management functions, support WSIB’s objectives and goals and that all established processes are in compliance with WSIB policies and practices and regulatory and legislative requirements.
• Provides guidance, advice and technical expertise to facilitate the delivery of high quality procurement and supply chain governance, products, and processes, ensuring ongoing work quality levels are maintained, deliverables are achieved, resolving complex and confidential issues.
• Oversees the development, management and maintenance of the procurement and third party risk management teams, with the capability to drive continuous improvement, manage challenging internal and external conditions, and perform flawlessly during periods of process, resources and operating environment changes.
• Designs, implements, manages, and monitors sourcing management processes and reporting systems that deliver outstanding cost and delivery performance and superior internal visibility to risks and opportunities.
• Leads transformation of organization to a strategic sourcing model by establishing a collaborative model and a foundation of formalized processes and tools to drive diligent sourcing and supplier management decisions, and create and transact easily and efficiently against the contracts.  Develop and implement strategies to ensure value for money and spend.  In addition, establishes core group at the enterprise level to support the model.

2. Planning & Development:

• Collaborates with the Chief Officer and Cluster counterparts to develop strategic business plans to support the organization’s strategic priorities, providing input on strategic initiative and priority development and ensuring alignment with overall WSIB strategic direction.
• Develops strategic and operational goals for the division, and aligning them with the broader cluster/division and WSIB strategies and operational priorities, determining success and reporting metrics, evaluating changing priorities, trends and emerging issues, analyzing impacts on operations/business activities and adapting strategies and plans accordingly to achieve desired results.
• Ensures division operating and capital budgets are developed, approved and managed, identifying operational and staff budget requirements, preparing budget forecasts and projections, monitoring budget adherence, identifying/explaining variances and discrepancies and authorizing expenditures within budget and approved limits.
• Participates on cross-organizational committees, to understand broader issues, share insights, lead initiatives, manage project activities and influence outcomes.

3. Relationship Management:

• Develops and manages relationships with Executives and Senior Managers across the organization to understand business activities and issues, share information, resolve issues, support and facilitate planning activities and project deliverable achievement, and identify opportunities to leverage resources, collaborate on projects and initiatives and influence outcomes.
• Identifies and leverages relationships with key external stakeholders, professional associations, partners and industry colleagues to share information, maintain currency on emerging best practices and trends, identify opportunities for new program/product development, and promote the organization’s vision and mandate.
• Analyzes and acts upon market conditions to ensure material availability, optimize costs, minimize market and obsolescence risks, drive margin behaviour and communicate effectively with internal and external stakeholders to positively impact overall business performance.
• Identifies, develops and maintains relationships with suppliers who consistently demonstrate values that align with WSIB, while delivering the best combination of price, quality and service.

4. Quality & Risk Management:

• Monitors quality and relevance of divisional services and programs, evaluating and auditing processes, best practices and results, developing and maintaining appropriate measurement and reporting metrics, identifying areas of risk and opportunities for improvements, developing strategies to addresss issues, and coaching staff to incorporate initiatives/changes into day-to-day activities.
• Ensures processes, policies and protocols are established and compliance is monitored, identifying potential areas of vulnerability and risk, providing advice on emerging issues and implications, and recommending approaches to resolve issues and mitigate risks.
• Compliance with legislation including procurement directive, federal & provincial trade agreements, and other legislation requirements (i.e, open data, privacy etc.)

5. People Management:

• Manages division staff planning activities, ensuring division infrastructure, staff numbers and skill mix support delivery needs, opportunities for skill development and training are in place and utilized, and performance and career development activities are effectively managed.
• Provides support to staff and project/committee team members, identifying opportunities to share resources and clear roadblocks.

Job Requirements:

1) Education requirements:

Minimum Level Required

• Undergraduate Degree in Business or equivalent field.

Preferred Level

• Undergraduate Degree or Master’s Degree in Business or equivalent field.
• Supply Chain Management

2) Experience:

Minimum Level Required

• 10 -15 years’ applicable experience, including 8-10 years progressive management experience at a senior level.

Preferred Level

15 years applicable experience, including 8-10 years progressive management experience at a senior level.