Director, Legal and Strategic Procurement

Venture outside the ordinary - TMX Careers

The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets.  United as a global team, we’re connecting cross-functionally, traversing industries and geographies, moving opportunity into action, advancing global economic growth, and propelling progress. Through a rich exchange of ideas, meaningful collaboration, and a nimble operating model, we're powering some of the nation's most critical systems, fueling capital formation and innovation, bringing increased opportunity to business visionaries, product ingenuity to consumers, and career exploration to our team.

Ready to be part of the action?

TMX Group’s Legal and Corporate Affairs (LCA) department is a high-performing team of legal and other professionals responsible for providing TMX Group and its subsidiaries with the full suite of legal and other corporate services they need to support and develop their businesses, including with respect to corporate, securities, governance, regulatory, commercial and intellectual property matters.
Reporting to the Vice President, Legal and Corporate Services, the Director, Strategic Procurement and Legal is responsible for leading a team of procurement professionals providing services that span the end-to-end procurement lifecycle and providing senior legal leadership and strategic support for commercial initiatives. The role is critical in enabling operational excellence while also supporting strategic growth objectives and priorities. In addressing sourcing, procurement and certain vendor management needs across the enterprise, the role is expected to drive effective expense management, deliver organizational efficiencies, build strong relationships with key vendors and support TMX’s risk posture through third party risk management. In addition, working closely with business leaders and other internal stakeholders, this role will provide legal support for a wide range of commercial initiatives (including the procurement of new technologies, assets and businesses, the development and launch of new products and services, and other business arrangements) that support TMX’s key operational and growth objectives, as well as day to day contracting needs across TMX’s diverse businesses. In this capacity the successful candidate will be required to provide expert legal advice on all aspects of these initiatives, identifying issues across a variety of domains, bringing an enterprise lens, providing effective legal project management, and using expert judgment to assess risks and offer solutions.

This role is hybrid  (2 - 3 days/week  in the office) - in our Toronto Office

Key Accountabilities:

• Lead the enterprise-wide strategic procurement function, including a team of procurement professionals that oversee procurement for all key business segments.

• Lead the design, development and execution of strategy, policies, procedures, and toolsets to best support the procurement needs of the enterprise.

• Develop and implement a multi-year procurement transformation roadmap, focusing on people, process and technology to enhance capabilities and business alignment.

• Develop and maintain effective relationships with the senior leadership team, supporting strategic planning of key initiatives with vendor requirements.

• Oversee critical strategic vendor relationships with significant impact to the organization.

• Support the resolution of enterprise-level vendor risk and compliance issues.

• Evolve and advance the procurement function to centralize and unify the approach to managing both technology and non-technology vendors across the enterprise and integrating new businesses.

• Develop and lead the execution of strategies to support cost management, vendor optimization, value creation and performance and third party risk management, leveraging knowledge of industry best practices.

• Provide senior leadership with regular reporting on key initiatives and vendor metrics to support decision making.

• Drive operational efficiency, including through enhanced legal and procurement integration.

• Review, draft, negotiate and otherwise provide senior legal advice on a variety of contracts across TMX’s various business lines and corporate functions, including agreements with TMX’s customers, suppliers and business partners.

• Act as the legal lead on complex, sensitive, high impact/ risk and/or strategically important initiatives, including new product/service launches, procurement of critical infrastructure, technology and outsourcing transactions, and strategic business arrangements.

• Support M&A transactions and related integration activities.

• Provide legal advice on all commercial aspects of initiatives from structuring through to execution and implementation.

• Provide legal project management, and co-ordinate engagement of other stakeholders (including outside counsel where required).

Skills and Experience:

• Highly motivated and experienced lawyer with excellent leadership, interpersonal, communication, organizational, project management and decision-making skill.

• Experience leading, mentoring and developing a team of professionals supporting procurement or significant experience interfacing with a procurement team.

• Minimum 10 years of relevant legal experience at a top law firm or in-house department.

• Called to the Bar in Ontario with membership in the Law Society of Ontario.

• A professional procurement certification or MBA is an asset.

• Strong business and financial acumen, with the ability to build compelling business cases and present procurement-related metrics and initiatives to senior executives.

• Experience drafting, negotiating, structuring and advising on various types of complex commercial contracts and transactions, including technology and intellectual property agreements.

• Experience in the financial services industry is an asset.

• Exceptional relationship building and influential skills.

• Strategic thinker with a client-centric mindset.

• Proven track record of leading transformation initiatives and delivering on commitments.

• Quickly understand organizational dynamics and business priorities, and able to work effectively in a fast-paced, results-driven environment.

Salary Range: 180,000/year - 200,000/year CAD

Please note that the salary range included is a guideline only. The salary offered may vary based on factors, including, but not limited to, the successful candidate’s relevant knowledge, skills, and experience. 

The recruiting efforts for this role are intended to fill a vacant position.

In the market for…

Excitement - Explore emerging technology and innovation, as well as ventures and digital finance that shape the future of global markets! Experience the movement of the market while grounded in the stability of close to 200 years of success.

Connection - With site hubs in some of the world’s most multicultural cities, we leverage our size and structure to create rich connections and belonging while experiencing powerful global impact through our work.

Impact - More than a platform, we use our talents to power mission-critical systems that drive global economic advancement, innovation, and growth. As well, our employee-led Team Impact spreads social good via our giving strategy.

Wellness - From empathetic leadership to a culture of flexibility and balance, we believe wellness at work creates the maximum yield and a stronger “we”. Plus, with a cloud-first and hybrid workstyle, as well as generous time-off and leaves, we support a life well lived! 

Growth - From a growth mindset in our work, to expansion in our business, TMX is home to action-takers energized by the achievement of ambitious growth.

Ready to enrich your career with impactful work, leaders who truly care, and the flexibility and programs to help you thrive as part of #TeamTMX ? Apply now.

Please note that our company is not currently sponsoring work permit applications and the applicant must be authorized to work in the country where this position is located. 

TMX is committed to creating and sustaining a collegial work environment in which all individuals are treated with dignity and respect and one which reflects the diversity of the community in which we operate. We provide accommodations for applicants and employees who require it.