Full-Time
Senior Director
Strategic Sourcing, Vendor Governance and Operations
PSP Investments
1,001-5,000 employees
Long-term institutional asset manager for pensions
No salary listed
Montreal, QC, Canada
Hybrid
Hybrid: mix of in-office days in Montreal with remote work.
 Operations & Logistics (1) |
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- Bachelor’s degree in Business, Supply Chain, Finance, Engineering, or related field
- Master’s degree (e.g., MBA) or similar post Bachelor procurement education considered an asset
- More than fifteen (15) years in procurement, strategic sourcing, vendor management, and/or financial operations in the financial sector or similar sectors where procurement is of indirect goods and services
- Leadership of multi‑disciplinary teams with a track record of driving efficiency and operational excellence
- Proven experience simplifying processes, right‑sizing governance, and leading transformation initiatives
- Strong experience in complex contract negotiations, category strategy, and vendor performance oversight in the financial sector or similar sectors where procurement is of indirect goods and services
- Deep knowledge of sourcing, contracting, AP workflows, controls, and vendor risk
- Strong analytical and change leadership skills
- Ability to design simple, pragmatic, scalable processes
- Strong communication, stakeholder influence, and executive alignment abilities
- Experience with P2P systems (SAP, GEP, Coupa, or Oracle) is an asset
- Proficiency in English and French (or willingness to learn)
- Define and implement multi‑year sourcing and category strategies across major spend areas under management
- Evolve fit‑for‑purpose frameworks that right-size effort and rigor to spend and risk profiles
- Lead complex negotiations using pragmatic, outcome‑oriented tactics
- Streamline sourcing activities to improve cycle times and reduce administrative overhead
- Promote early procurement involvement in business planning
- Serve as owner of the vendor governance framework
- Maintain clear policies, escalation paths, KPIs, and reporting that inform decisions without unnecessary bureaucracy
- Right‑size operationalization of third‑party risk management assessments based on vendor criticality and risk tier
- Strengthen accountability for performance, contractual obligations, SLAs, and commercial protections
- Ensure policy alignment and efficient coordination with Legal, Risk, Internal Audit, IT Security, and Finance
- Lead AP and vendor operations to deliver accurate, timely, and compliant payments
- Improve efficiency by automating manual processes, optimizing workflows, and reducing exceptions
- Right‑size approval matrices and controls to balance compliance with operational agility
- Enhance vendor onboarding, master data governance, and end‑to‑end payment effectiveness
- Ensure audit readiness through consistent and efficient documentation and controls
- Maintain procurement, contracting, and AP policies that are clear, lean, and scalable
- Adjust thresholds, documentation, and governance activities based on risk and value
- Strengthen compliance through streamlined and pragmatic internal controls
- Ensure end‑to‑end alignment between sourcing, contracting, and payments
- Lead and evolve motivated teams towards enhanced focus on efficiency, pragmatism, and operational excellence
- Build streamlined engagement models with Finance, Legal, Risk, Technology, and business partners
- Reinforce a culture of accountability, continuous improvement, and cross-functional collaboration
- Influence senior leaders with data‑driven recommendations and practical solutions
- Drive continuous improvement, lean methodologies, and process modernization
- Deploy digital tools and automation that enhance transparency, speed, and data quality
- Eliminate waste, reduce complexity, and embed scalable processes and controls
- Deliver measurable efficiencies and organizational value across sourcing, vendor governance, and accounts payable
PSP Investments manages the pension funds for Canada’s public sector as the government’s dedicated investment arm. It builds a diversified portfolio across private and public markets, including private equity, private credit, infrastructure, real estate, natural resources, stocks, and bonds, to grow assets over the long term. Investments are made directly or with partners, and ESG factors are integrated into decision-making. Its goal is to generate sustainable returns that fund current and future pension obligations while managing risk for beneficiaries.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
$3.8B
Headquarters
Ottawa, Canada
Founded
1999
Simplify's Take
What believers are saying
- Natural Resources expansion into Citrosuco positions PSP for agricultural productivity gains near São Paulo.
- Lighthouse Learning co-investment with KKR captures India's K-12 education growth serving 190,000 students.
- Network FiberCo JV with BCE deploys fibre infrastructure in underserved US markets, generating long-term returns.
What critics are saying
- Citrus blight outbreaks in São Paulo region destroy Citrosuco orchards, erasing agricultural investment returns.
- Indian regulatory crackdown on foreign K-12 education ownership forces Lighthouse Learning divestment and write-downs.
- FTC antitrust scrutiny halts Network FiberCo rollout, stranding PSP's infrastructure capital in US fibre markets.
What makes PSP Investments unique
- CAD $264.9 billion AUM enables large-scale co-investments in infrastructure, agriculture, and education globally.
- Diversified portfolio across capital markets, private equity, infrastructure, credit, and real estate reduces concentration risk.
- Long-term investment horizon and ESG integration attract partnerships with leading PE firms like KKR.
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Benefits
Remote Work Options
Flexible Work Hours
Health Insurance
401(k) Retirement Plan
401(k) Company Match
PTO/vacation
Paid Vacation
Paid Holidays
Hybrid Work Options
Wellness Program
Mental Health Support
Conference Attendance Budget
Professional Development Budget
Stock Options
Company Equity
Phone/Internet Stipend
Home Office Stipend
Family Planning Benefits
Fertility Treatment Support
Parenting Leave
Parental Leave
Company News
Nido Student owned by Round Hill Capital, exchanges contracts on premium London student accommodation portfolio for £600 million with Greystar.
Canada's Public Sector Pension Investment Board (PSP Investments) has taken a stake in Citrosuco, a Brazil-based orange juice and citrus ingredients producer, marking the pension fund's latest move into agricultural assets. PSP, which manages nearly C$300 billion in assets, invested through its Natural Resources group. The investment supports Citrosuco's expansion plans, which include scaling up orchard development around São Paulo's citrus-producing region to increase productivity and supply security. Citrosuco's existing shareholders include Grupo Fischer and Votorantim. The deal reflects a broader trend of pension funds taking direct ownership stakes in agricultural businesses. According to Preqin data, public pension funds account for approximately 20% of institutional investors in farmland and agricultural investments, alongside sovereign wealth funds and endowments.
CPPIB creates join venture to acquire Canadian industrial assets, OMERS Infrastructure refinances stake in Exolum. The Canada Pension Plan Investment Board is forming a new joint venture with Dream Asset Management Corp. to acquire nearly $3 billion worth of industrial properties in Canada. Collectively, the partners of the joint venture have allocated $1.1 billion of equity capital, with $1 billion coming from the CPPIB, which will fund the expected acquisition of industrial assets offering connectivity to population clusters and arterial transport routes, according to a press release. "The Canadian industrial sector continues to demonstrate resilient demand and meaningful long-term growth drivers, supported by a structurally high need for well-located space as supply chains and logistics continue to evolve," said Sophie van Oosterom, managing director and head of real estate at the CPPIB, in the release. The CPPIB also completed a strategic investment worth US$600 million in Boats Group alongside General Atlantic. The deal will give the investors a co-control interest in the online boat marketplace company. Boats Group is in the early stages of a digital and artificial intelligence-led evolution, said Sam Blaichman, managing director and head of direct private equity at the CPPIB, in a press release. "As a long-term investor, we see a compelling opportunity to back a mission-critical platform with strong network effects, a customer-centric business model that delivers clear value to buyers and sellers and significant runway to broaden its offering and expand globally." In other news, the Ontario Municipal Employees' Retirement System's infrastructure arm completed a refinancing transaction for its stake in Spain-based energy logistics infrastructure company Exolum. The deal closed with €770 million in new debt facilities at Borealis Spain Parent B.V., the holding company of the OMERS' 25 per cent stake in the firm. According to a press release, the offering was oversubscribed. "The scale, pricing, and the engagement of both bank and private placement lenders in this process demonstrate the strong fundamentals and quality of the Exolum investment, as well as the expertise of our team," said Michael Hill, executive vice-president and global head at the OMERS Infrastructure, in the release. The Public Sector Pension Investment Board is forming a long-term strategic partnership with Citrosuco, a Brazil-based integrated orange juice producer. Following the closing of this transaction, Citrosuco's shareholder structure will include Grupo Fischer, Votorantim S.A., and PSP Investments. The transaction's financial details weren't disclosed. "We are proud to support Citrosuco as it embarks on its next phase of growth and to help create lasting value alongside like-minded partners," said Marc Drouin, senior managing director and global head of natural resources at PSP Investments, in a press release.
Lighthouse Learning Group receives investment from KKR and PSP Investments. Lighthouse Learning Group, a Mumbai, India-based education services provider, received an investment from funds managed by KKR alongside participation from new investor PSP Investments. KKR will continue to hold a majority stake and will play a significant role in driving Lighthouse Learning's next phase of growth. This latest investment will enable the company to further expand its network of K-12 schools and preschools across key Indian cities. Lighthouse Learning will also continue to strengthen its teaching and technology capabilities. Led by Prajodh Rajan, Founder and Group CEO, Lighthouse Learning is an education services platform that operates in the early childhood and K-12 segments in India. Its portfolio of brands includes brands such as EuroKids, Kangaroo Kids, EuroSchool, Billabong High International, Centre Point Group of Schools, Heritage International Xperiential School and Heritage Xperiential Learning School, among others. Today, the group serves more than 190,000 students daily through its over 1,850 preschools and 60 K-12 schools. Since KKR's initial investment in 2019, Lighthouse Learning has expanded its footprint through organic and inorganic growth strategies, and strengthened its presence across key metropolitan areas, including Bangalore, Mumbai, Pune, Hyderabad and Delhi-NCR.
Cohere, a Canadian AI firm, has raised $500 million, resulting in a $6.8 billion valuation. The funding round was led by Radical Ventures and Inovia Capital, with contributions from AMD Ventures, Nvidia, PSP Investments, Salesforce Ventures, and the Healthcare of Ontario Pension Plan. The funds will accelerate the development of agentic AI products. Joelle Pineau, formerly of Meta, will join as chief AI officer, and Francois Chadwick will become chief financial officer.