Vendor Analyst III Vendor Analyst III …

TD Bank Group
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
TD Bank Group
in Toronto, ON, Canada
Permanent, Full time
Be the first to apply
Vendor Analyst III
Company Overview

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Department Overview

Reporting to the Technology Vendor Management Office , the Vendor Analyst III supports arrangements through all stages of the agreement lifecycle, in alignment with relevant TD frameworks/methodologies, and with business and enterprise objectives. The objective of this business function is to ultimately reduce operating and other costs associated with doing business .

Job Description

  • Manages strategic relationship(s) with key Technology and Executive teams
  • Champions the relationship with the Strategic Sourcing, Finance and Business Vendor Management teams
  • Supports vendor relationship(s) with significant impact to the organization
Business Operations
  • Ensure Technology agreements are executed as per the TDBG Expense Policy
  • Validate Spend / Business case approval is secured in advance of contract execution for Technology Vendor Portfolio
  • Leverage the functionality of the TD Procurement Portal toolset to support all vendor lifecycle requirements
  • Ensure vendor risk and reporting requirements are met by engaging relevant stakeholders
  • Support the identification and development of process-improvement strategies to generate efficiencies and ensure vendor compliance to internal policy
  • Partner with Strategic Sourcing Group (SSG) to support strategies designed to standardize and/or centralize sourcing activity to reduce the cost of technology goods and services, reduce the supplier base, manage demand, and improve internal controls
  • Solicit support of appropriate SMEs to understand and mitigate monetary implications of vendor services (e.g. Tax)
  • Manage contract amendments, being the initial point of contact Sourcing intake requests, and facilitate approval process involving appropriate stakeholders (including SSG)
  • Monitoring the tracking of service credits &/or penalties against vendor performance in accordance with contract commitments; tracks actual spend against purchase and utilization forecasts
  • Regular review and verification of negotiated rates, volume thresholds against aggregated spend, invoice charges, and financial
  • Maintain a database of all contractual supplier commitments
  • Create and maintain a process to ensure spend pre-approval pre-sourcing activities and contractual commitments
  • Regular monthly and annual spend reporting and analytics include online reporting
  • Transfers knowledge and provides guidance and leadership as appropriate to support the business objectives of the team
  • Makes an impact by getting things done, focusing on what matters, owning and delivering superior results for all stakeholders in both the short and long-term
  • Contributes to an environment of continuous learning, including the sharing of experience and learning across team members, peers, TD partners, and management as appropriate


Negotiating and Influencing
Can negotiate and influence skilfully in tough situations with both internal and external groups; can settle differences with minimum noise; can win concessions without damaging relationships; can be direct and forceful as well as diplomatic; gains trust quickly of other parties involved in decision making situations to the negotiations; has a good sense of timing. Business Acumen
Understands Wholesale Banking and the Systems Development Life Cycle; knowledgeable in current and possible future policies, practices, trends, and information affecting his/her business and organization; knows the competition; is aware of how strategies and tactics work in the marketplace Solution Oriented Steps up to conflicts, seeing them as opportunities; can hammer out tough agreements and settle disputes equitably; can find common ground and get cooperation with minimum noise; uses rigorous logic and methods to solve difficult problems effectively; probes all fruitful sources for answers; looks beyond the obvious/first answer to ensure 'best' solution recommendations. Business Partnering Develops constructive relationships up, down and laterally both inside and outside the organization; builds appropriate rapport; is seen as a team player and is cooperative; acts with customers and the company in mind; encourages collaboration; maintains effective relationships based on trust and respect. Decision Quality Makes good decisions based on a mixture of analysis, wisdom, experience, judgment and integrity; when judged over time, solutions and suggestions are exceedingly accurate; is sought out by others for advice; presents the unvarnished truth in an appropriate and helpful manner; admits to and learns from mistakes. Active Planning Uses time effectively and efficiently; can orchestrate multiple activities at once to accomplish a goal; is action oriented and full of energy for the things seen as challenging; accurately scopes length and difficulty of tasks and projects; sets objectives and goals; develops schedules; anticipates and adjusts for problems and roadblocks; can quickly sense what will help or hinder accomplishing a goal. Effective Communication Can distill complex thoughts and strategies into simple, memorable terms that others will understand and act upon; knows how to ask good questions and probe for information; is an active listener; i s able to write clearly and succinctly in a variety of communication settings and styles; can get messages across that have the desired effect; is a compelling communicator. Strategic Agility Sees ahead clearly; can anticipate future consequences and trends accurately; has broad knowledge and perspective; is future oriented; can articulately paint credible pictures and visions of possibilities and likelihoods; can create competitive and breakthrough strategies and plans. Adaptability Can decide and act effectively without having the total picture; is flexible and adaptable when facing tough calls; can combine seeming opposites like being compassionately tough; can act differently depending upon the situation; is seen as balanced; pursues everything with energy, drive, and a need to finish despite resistance or setbacks.




At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.