Contracts Manager – Scotiabank – Ontario Canada

scotiabank logo canadaTitle: Contracts Manager, Procurement Strategy and Capabilities
Requisition ID: 71658
Join the Global Community of Scotiabankers to help customers become better off.
The Contracts Manager is responsible for reviewing, drafting and negotiating a defined scope of third party contracts (typically lower risk) with the guidance on all standard form agreements approved by the Legal Department and, in some instances, will be expected to negotiate directly with third parties until consensus has been reached. The Contracts Manager will escalate to the Legal Department and other control functions, as required to support the timely review and approval/reconciliation of standard form contract variances. This role will be the key liaison between Global Procurement Services (GPS) and the Legal Department on all matters that are specifically managed by the Contracts Management Group. Leading candidates must be excited about working in a flexible environment, collaborating with business partners, and delivering high quality results in a fast-moving workplace.

Responsible for drafting, negotiating and providing recommendations, revisions, and redrafts of all standard forms of agreements approved by the Legal Department. Standard forms of agreements may include but are not limited to different type of Master Service Agreements, Statements of Work, Non-Disclosure Agreements, Service Agreements, Subscription Agreements, Service Level Agreements, Renewals and Terminations

Acts as a liaison between Scotiabank business units and third party suppliers on specific contractual matters, ensuring timely review and approval/reconciliation of variances
Maintains contract records and documentation such as responses to procurement documents, contract correspondence, contract changes, status reports, and other relevant documents
Ensures signed contracts and implementation obligations are communicated to all relevant parties for ongoing contract visibility and awareness
Educates and provides training to Sourcing Managers and Directors to ensure clear understanding of contract structure and content
Continuously builds strong and good relationships with stakeholders across the organization on behalf of GPS
Directs business stakeholders to relevant internal subject matter experts and providing support, as necessary, to ensure compliance with Scotiabank policies and procedures.
Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
Understands how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
Actively pursues effective and efficient operations of his/her respective areas, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational risk, regulatory compliance risk, AML/ATF risk and conduct risk, including but not limited to responsibilities under the Operational Risk Management Framework, Regulatory Compliance Risk Management Framework, AML/ATF Global Handbook and the Guidelines for Business Conduct.
Champions a high performance environment and implements a people strategy that attracts, retains, develops and motivates team members by fostering an inclusive work environment; communicating vison/values/business strategy and managing succession and development planning for the team.


Bachelor’s degree in law, management, business, or related field
Paralegal or Law Clerk certificate/diploma will be considered an asset
5+ years’ previous experience in legal (support) role, project management, financial services, or procurement related field preferably with commercial contract related function.
Proficient computer skills with advanced skills on MS Office applications
Spanish and French skills will be considered assets

Location(s): Canada : Ontario : Toronto

As Canada’s International Bank, we are a diverse and global team. We speak more than 100 languages with backgrounds from more than 120 countries. Our employees are committed to a superior customer experience and use the Bank’s six guiding sales practice principles to ensure they act with honesty and integrity.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.