Job Specifications
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.
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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 an
About the Company
At TMX Group, we build world-class markets to enable businesses and investors to succeed and help communities thrive. Powered by our people, TMX has the means to bring inspired ideas to life, and to unlock human potential. We believe better markets serve as a propulsive engine, creating opportunities for bold and ambitious ideas to create a brighter future.
With offices in some of the world's most multicultural cities, we proudly celebrate diversity, learn from one another, and cultivate true belonging in a Hybrid-First wor...
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