Sr. Manager - Sourcing Business Management

Reposted 2 Hours Ago
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Toronto, ON, CAN
In-Office
95K-176K Annually
Senior level
Financial Services
The Role
The Sr. Manager manages a Sourcing organization, advises senior leadership, drives Procurement initiatives, and leads project management for strategic objectives.
Summary Generated by Built In

Application Deadline:

06/26/2026

Address:

250 Yonge Street

Job Family Group:

Procurement

This role sits at the center of Sourcing transformation, combining strategy, execution, and innovation to elevate Procurement’s enterprise impact. The individual will operate as a trusted advisor to senior leadership while driving delivery of critical initiatives across the function.

  • Lead business management for a ~60-person Sourcing organization, overseeing operating cadence, governance, reporting, portfolio priorities, and execution against strategic objectives.
  • Serve as a strategic advisor to the VP of Sourcing, helping shape the function’s strategy, roadmap, and forward-looking priorities across sourcing, vendor resilience, and transformation.
  • Drive key Procurement initiatives tied to BMO M&A activity, including due diligence, transition planning, integration support, and alignment with third-party risk and operating model requirements.
  • Lead cross-functional project and program management across strategic priorities, ensuring disciplined execution of roadmap items, issue resolution, stakeholder alignment, and delivery against milestones.
  • Own the development and advancement of the Sourcing innovation agenda, including process simplification, digitalization, AI/Copilot use cases, and technology enablement initiatives such as ZIP and future tools.
  • Support the design and implementation of the group’s broader strategy, including governance enhancements, savings tracking, reporting modernization, contract pipeline visibility, and category management evolution.
  • Help shape the people and change agenda for the function, including team communications, development planning, engagement initiatives, and change management required to embed new ways of working.

Salary:

$94,600.00 - $176,000.00

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 https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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.

Skills Required

  • Experience in Sourcing and Procurement management
  • Proven leadership in managing large teams
  • Strong strategic advisory experience to senior leaders
  • Experience with M&A activities and integration

BMO Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about BMO and has not been reviewed or approved by BMO.

  • Parental & Family Support Paid parental leave up to 16 weeks at full pay for all new parents, plus up to $20,000 for adoption, surrogacy, and fertility, and 10 days of paid backup childcare indicate robust family support. These elements stand out within BMO’s U.S. package.
  • Retirement Support A 401(k) design combining a core employer contribution with dollar-for-dollar matching up to a set portion of pay, plus immediate vesting on match and employee contributions, signals strong retirement funding. The core contribution’s three-year vesting is clearly defined.
  • Leave & Time Off Breadth Vacation accrual scales with grade and service, alongside 9–10 paid holidays and additional paid time off buckets (bereavement, school activities, civic duties, blood donation, volunteering). This breadth offers multiple avenues for time away beyond standard vacation.

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The Company
HQ: Toronto, Ontario
51,885 Employees

What We Do

At BMO, banking is our personal commitment to helping people at every stage of their financial lives. The truth is, people’s needs change: so we change too. But we never change who we are. Which means we’ll never waiver from providing our customers the best possible banking experience in the industry. Our incredible team of over 46,000 people is just the tip of the iceberg. You should get to know us. We’re here to help.

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