Strategic Sourcing Business Partner

At Interac, we design and deliver products and solutions that give Canadians control over their money so they can get more out of life. Whether we’re leading real-time money movement, driving innovative commerce solutions like open payments for transit systems, or making advancements in new areas like verification and open banking, we are playing a key role in shaping the future of the digital economy in Canada.

Want to make a lasting impact amongst a community of creative thinkers, problem solvers, and high-performance application developers? We want to hear from you.

The Strategic Sourcing Business Partner will support Interac’s strategic sourcing end-to-end process. You will provide support in optimizing the selection and management of new vendors through the strategic sourcing and RFx processes. You will ensure the best value and quality of Interac vendors are selected by supporting the coordination and execution of RFX’s, strategic sourcing initiatives, analyzing supplier capabilities and collaborating with stakeholders on the selection of vendors.

You’ll be responsible for:

• Collaborating with stakeholders to define requirements for products/services, creating comprehensive RFx documents including specifications, evaluation criteria and terms, and managing the RFx process including distribution, vendor communication, and response evaluation.
• Assisting the Strategic Sourcing Leader in conducting market research to identify potential vendors, evaluate vendor qualifications and capabilities and financial stability.
• Assisting the Strategic Sourcing Leader in analyzing vendor proposals including pricing and contractual terms, negotiating contracts with vendors to optimize costs/terms and collaborating with internal stakeholders to ensure business needs are met.
• Assisting the Strategic Sourcing Leader to manage contract negotiations, work with Legal to draft and finalize contracts, and ensure terms align with organization standards.
• Supporting the Strategic Sourcing Leader to utilize data analytics to drive insights and provide reporting on sourcing/procurement activities, prepare reports to stakeholders on key sourcing metrics, and identify opportunities for process improvements.
• Collaborating with cross functional teams (e.g., Risk, Privacy, & Security) to ensure vendor assessments are completed and satisfy organization standards.
• Building and maintaining close business partner relationships with key stakeholders across multiple levels and providing procurement knowledge and best practices to support business priorities.

You bring:

• Eligibility to work for Interac Corp. in Canada in a full-time capacity.
• Payment/fintech knowledge (Interac products, platforms, corporate strategy).
• Strong ability to analyze and interpret data to make informed decisions, conduct cost-benefit analysis to evaluate vendor proposals and optimize costs.
• Strong skills in conducting market research to identify potential vendors, industry trends and best practices with the ability to assess and evaluate vendor qualifications, capabilities and financial stability.
• Capability to plan and manage the end-to-end RFx process including timelines, ability to manage multiple projects simultaneously and prioritize tasks effectively.
• Proficiency in drafting comprehensive RFx documents, specifications, and communications.
• Precision in reviewing and analyzing vendor proposals, contracts and other documentation, ensuring the accuracy and completeness of sourcing/procurement related documentation.
• Ability to think critically and analyze complex situations, identify issues and propose solutions.

Interac requires employees to complete a background check that is completed by one of our service providers. We use this service to complete the following checks:

• Canadian criminal record check;
• Public safety verification;
• Canadian ID cross-check;
• 5-year employment verification;
• Education verification; and
• If applicable, Credit Inquiry and Social Media Check

How we work

We know that exceptional people have great ideas and are passionate about their work. Our culture encourages excellence and actively rewards contributions with:

• Connection: You’re surrounded by talented people every day who are driven by their passion of a common goal.
• Core Values: They define us. Living them helps us be the best at what we do.
• Compensation & Benefits: Pay is driven by individual and corporate performance and we provide a multitude of benefits and perks.
• Education: To ensure you are the best at what you do we invest in you.

Please be aware of certain individuals fraudulently using Interac Corp.’s name and logo to offer fictitious employment opportunities. Interac Corp. will never ask, solicit, nor accept any monies in exchange for employment opportunities. Any such offers of employment are fraudulent and invalid, and you are strongly advised to exercise great caution and disregard such offers and invitations.

Please note that under no circumstances shall Interac Corp. be held liable or responsible for any claims, losses, damages, expenses, or other inconveniences resulting from or in any way connected to the actions of individuals performing such fraud. Further, such fraudulent communication shall not be treated as any kind of offer or representation by Interac Corp. or its subsidiaries and affiliates.