Director – Sourcing and Procurement

11/29/2026

Address:

300 E John Carpenter Freeway

Job Family Group:

Procurement

Seeking a senior procurement leader with deep expertise in direct procurement, strategic sourcing, and vendor contract management within a standalone operating environment. The successful candidate will lead the transformation and establishment of a procurement function that is currently supported through transition service arrangements, ultimately building and scaling a self-sufficient sourcing and procurement organization.

This leader will be responsible for conducting a comprehensive review of existing third-party contracts, assessing vendor performance, spend, and risk, and determining the optimal sourcing strategy, including renegotiating agreements with incumbent vendors or identifying and onboarding new providers. The role requires strong commercial acumen, extensive experience negotiating complex supplier agreements, and a proven ability to develop procurement strategies that deliver value, operational resilience, and cost efficiency.

As the functional head of Procurement and Sourcing, the individual will will partner closely with business leaders to establish procurement frameworks, identify external support requirements previously provided through BMO, and build a sustainable procurement operating model that supports the organization's long-term growth and independence.

Key Requirements

• Significant experience leading direct procurement and strategic sourcing functions.
• Proven track record reviewing, negotiating, and transforming large-scale vendor contracts.
• Experience building or leading procurement teams within a standalone organization or complex business transformation environment.
• Strong supplier negotiation, contract management, and spend optimization expertise.
• Ability to assess existing vendor ecosystems and implement sourcing strategies aligned to business objectives and operational needs.

Works with stakeholders to develop and implement innovative sourcing and demand management strategies to achieve business and cost management objectives and minimize risk associated with BMO’s supplier spend.

• Fosters a culture aligned to BMO purpose, values and strategy and role models BMO values and behaviours in all that they do.
• Ensures alignment between values and behaviour that fosters diversity and inclusion.
• Regularly connects work to BMO’s purpose, sets inspirational goals, defines clear expected outcomes, and ensures clear accountability for follow through. 
• Builds interdependent teams that collaborate across functional and operating groups to create the highest value for all stakeholders. 
• Attracts, retains, and enables the career development of top talent.
• Improves team performance, recognizes and rewards performance, coaches employees, supports their development, and manages poor performance. 
• Acts as a trusted advisor to senior leaders for making business decisions and implementing strategic initiatives.
• Develops an expert understanding of business/group challenges.
• Networks with industry contacts to gather competitive insights and best practices.
• Recommends measures to improve organizational effectiveness.
• Establishes supplier management capabilities and governance for enterprise supplier relationships.
• Directs negotiation of complex issues and requirements with senior supplier management and internal accountable executives.
• May establish and direct the Supplier Diversity program for North America.
• Acts as a subject matter expert on relevant regulations and policies.
• Networks with industry contacts to gain competitive insights and best practices.
• May consult to or serve on various committees and task forces.
• Develops 1-3 year vision and strategic plan for team which aligns to Procurement's strategy/goals and communicates to stakeholders.
• Leads the development and execution of the strategic vision for business/group spend portfolios where recommended strategies have considerable impact on customer satisfaction and financial results.
• Manages resources and leads the execution of strategic initiatives to deliver on business and financial goals.
• Drives end to end execution of sourcing category initiatives.
• Recommends business priorities, advises on resource requirements and develops roadmap for strategic execution.
• Develops and leverage strategic relationships with key suppliers to identify opportunities for cost optimization, to incorporate market leading innovative practices, and to maximize value.
• Acts as the prime contact for internal/external stakeholder relationships, which may include regulators.
• Defines business requirements for analytics & reporting to ensure data insights inform business decision making.
• Breaks down strategic problems, and analyses data and information to provide insights and recommendations.
• Prepares and presents reports to business/group on key metrics and supplier risks to support better management of costs, risks, as well as provide input in business/group planning for future.
• Leads change management programs of varying scope and type, including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Leads the execution of operational programs; assesses and adapts as needed to ensure quality of execution.
• Assesses and adapts existing operational programs; develops new capabilities to ensure ongoing success.
• Maintains accurate and up to date reporting on project progress/issues and business planning.
• Leverages process/system controls to prevent fraud, maintain project quality and maintain reputation.
• Leads the execution of the sourcing strategy including the development and management of the project throughout its lifecycle.
• Develops strategies and approaches to manage risk and support the business strategy and goals.
• Directs supplier contract negotiations.
• Leads the design, implementation and management of core business/group processes and process improvements.
• Drives process improvement and innovation opportunities in sourcing and/or procurement of goods and services through knowledge of market trends and best practices.
• Provides input into the development of guidelines, policies and standards for the sourcing and/or procuring of goods and services.
• Reviews the program for effectiveness, considers industry trends and recommends enhancements; makes changes as required.
• Oversees the design, development, and implementation of tools and training required to deliver business results.
• Works with stakeholders to develop category and/or sub-category sourcing strategies/opportunities, supplier selection, due diligence and contract negotiations while achieving targeted savings and business objectives.
• Builds effective relationships with internal/external stakeholders and ensures alignment between stakeholders. Includes developing an understanding of business partner needs and expectations.
• Provides advice and guidance to assigned business/group on implementation of solutions concerning category and supplier strategies, including the end-to-end risk management requirements associated with Outsourcing and Supplier Risk (OSR).
• Applies a disciplined methodology and procurement policies to the procurement of goods and services.
• Conducts analysis and develops insights and recommendations that are actionable in alignment with project/program goals.
• Develops solutions and makes recommendations based on an understanding of the business strategy and stakeholder needs.
• Collaborates in the management of sourcing category initiatives end-to-end. Identifies areas of opportunity through analyses of industries and supply markets, cost models for products and services, supplier category spend, and the performance of key suppliers in the market.
• Work with suppliers to create value/savings and mitigate risk.
• Incorporates market leading process and practices, to mitigate risk, to drive innovation and to maximize overall value for assigned sourcing categories and portfolios.
• Identifies, develops and implements demand management and cost reduction opportunities, optimizes sourcing strategies, identifies and mitigates supplier risk and negotiates effective controls all through the supplier engagement process.
• Prepares project plans and keep key stakeholders informed of the process and progress.
• Manage multiple programs/projects simultaneously and resolve conflicting priorities and objectives.
• Designs and produces regular and ad-hoc reports, and dashboards.
• Uses performance measures to monitor and track performance, and address any issues.
• Builds change management plans of varying scope and type; leads or participates in a variety of change management activities including readiness assessments, planning, stakeholder management, execution, evaluation and sustainment of initiatives.
• Maintains knowledge of leading procurement practices and promote adoption of procurement standards.
• Continuously upgrade knowledge on event and sourcing methodologies with a specific focus on strategic category development.
• Effectively communicate key messages/recommendations/results to all managerial levels.
• Provides input into the planning and implementation of operational programs.
• Operates at a group/enterprise-wide level and serves as a senior specialist resource across BMO.
• Influences how teams/groups work together.
• Applies expertise and thinks creatively to address unique or ambiguous situations and to find solutions to multiple, interdependent, complex problems.
• Communicates abstract concepts in simple terms.
• Fosters strong internal and external networks and works with and across multiple teams to achieve business objectives.
• Anticipates trends and responds by implementing appropriate changes.
• Broader work or accountabilities may be assigned as needed.
• Take measured risks while protecting the bank by applying our Risk Management Framework in the execution of your role, in line with our Risk Culture and within our approved Risk Appetite, making sound and risk informed decisions that align to business strategy, protect assets, and adhere to applicable policy documents (Frameworks, Policies, Standards, Procedures and Supporting documents), laws and regulations.

  Qualifications:

• Typically 9+ years of relevant strategic sourcing, supply chain and/or procurement work experience and post-secondary degree in related field of study or an equivalent combination of education and experience.
• Expertise in all areas of sourcing.
• Knowledge of sourcing/procurement processes, procedures and controls - Expert.
• Knowledge of relevant risk and regulatory requirements - Expert.
• Knowledge of Sourcing in Financial Services or Technology industries - Expert.
• Knowledge of business analysis, project delivery practices and standards across the project lifecycle - Expert.
• Excel and spreadsheet analysis – Expert.
• Negotiation knowledge, skill and ability – Expert.
• Knowledge of sourcing and procurement systems and applications.
• Strong Financial Services, Financial or Cost Management experience.
• Knowledge of the group/business environment and processes and procedures.
• Experience in compiling, synthesizing and drawing insights from a variety of research sources.
• Demonstrated ability to assess risks including identifying, quantifying and prioritizing risks.
• Seasoned expert with extensive industry knowledge.
• Technical leader viewed as a thought leader for innovation.
• Verbal & written communication skills - Expert.
• Analytical and problem solving skills - Expert.
• Influence skills - Expert.
• Collaboration & team skills; with a focus on cross-group collaboration - Expert.
• Able to manage ambiguity.
• Data driven decision making - Expert.

Salary:

$130,000.00 - $270,000.00

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.  We strive to help you make an impact from day one – for yourself and our customers.  We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.