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Procurement Manager

Your career is an investment that grows over time!

Wealthsimple is on a mission to help everyone achieve financial freedom by reimagining what it means to manage your money. Using smart technology, we take financial services that are often confusing, opaque and expensive and make them transparent and low-cost for everyone. We’re the largest fintech company in Canada, with over 3 million users who trust us with more than $30 billion in assets.

Our teams ship often and make an impact with groundbreaking ideas. We're looking for talented people who keep it simple and value collaboration and humility as we continue to create inclusive and high-performing teams where people can be inspired to do their best work.

About the role

The Procurement Manager will be empowered to own, support and help improve Wealthsimple's vendor approval process. This work takes many forms, but includes supporting our teams in the evaluation and selection of new vendors, helping negotiate contracts and pricing, and evolving Wealthsimple's vendor approval process. Your job will be to help Wealthsimple make smarter decisions and evolve the vendor approval process to ensure it's meeting the needs of the business as we continue to grow.

In this role, you will have the opportunity to:

  • Lead the procurement and vendor management function at Wealthsimple.

  • Oversee procurement policies, such as supplier selection criteria, contract guidelines, payment terms and supplier diversity.

  • Partner with the Legal team in the drafting and negotiation of contracts, renewals and termination of services and provide functional leaders with competitive RFP processes and benchmarking to aid in vendor selection.

  • Leverage procurement intake software to notify and consult with relevant stakeholders in the vendor approval workflow on potential risks, such as data and privacy risk, third-party vendor risk, credit risk and operational risk. 

  • Manage supplier and stakeholder relationships by partnering with the supplier relationship manager and the functional leader in evaluating supplier performance and issue resolution to unlock cost savings and manage auto renewals.

  • Support the implementation of our new procurement intake software, Zip, ensuring that approval workflows in the system are effective and efficient for all teams that are a part of the process.

We're looking for someone who has:

  • 5+ years of demonstrated success in a procurement or vendor management role within the procurement team at an established and fast moving business with at least 300 vendors and an annual vendor spend of ~$75MM.

  • Experience negotiating complex vendor contracts, particularly with technology vendors (experience with SaaS contracts is an asset), including a track-record of achieving improved contract economics.

  • Experience successfully managing millions of dollars of annual vendor spend and the ability to identify and execute on cost savings opportunities.

  • Experience aligning contracts with regulatory and legal requirements.

  • Excellent interpersonal skills and willingness to work in collaboration with a wide range of stakeholders and teams.

  • Strong analytical and problem-solving skills with superior attention to detail.

  • A bachelor's degree; Advanced degree is a plus.

Why Wealthsimple?

🤑 Competitive Salary with top-tier health benefits and life insurance

📈 Retirement savings matching plan using Wealthsimple Work

🌴 20 vacation days per year and unlimited sick and mental health days

📚 Up to $1500 per year towards wellness and professional development budgets respectively 

🛫 90 days away program: Employees can work internationally in eligible countries for up to 90 days per calendar year 

🌎 A wide variety of peer and company-led Employee Resource Groups (ie. Rainbow, Women of Wealthsimple, Black @ WS)

💖 Company-wide wellness days off scheduled throughout the year

We’re a remote-first team, with over 1000 employees coast to coast in North America. Be a part of our Canadian success story and help shape the financial future of millions — join us!

Read our Culture Manual and learn more about how we work.

DEI Statement

At Wealthsimple, we are building products for a diverse world and we need a diverse team to do that successfully. We strongly encourage applications from everyone regardless of race, religion, colour, national origin, gender, sexual orientation, age, marital status, or disability status. 

Accessibility Statement

Wealthsimple provides an accessible candidate experience. If you need any accommodations or adjustments throughout the interview process and beyond, please let us know, and we will work with you to provide the necessary support and make reasonable accommodations to facilitate your participation. We are continuously working to improve our accessibility practices and welcome any feedback or suggestions on how we can better accommodate candidates with accessibility needs.

This job is closed
But you can apply to other open Remote Management and Operations jobs