---
title: 'Director, Procurement (12-month contract) at Momentum Financial Services Group'
canonical: 'https://feeny.ai/job/director-procurement-12-month-contract-momentum-financial-services-group-zqvycnhrc6cf'
type: 'job'
last_seen: '2026-10-16'
---

# Director, Procurement (12-month contract) at Momentum Financial Services Group

- **Company:** Momentum Financial Services Group
- **Location:** Hyderabad, India
- **Work type:** hybrid
- **Posted:** 2026-09-25
- **Last confirmed live:** 2026-10-16
- **Apply:** https://job-boards.greenhouse.io/momentumfinancialservicesgroup/jobs/5435256008

## Job description

Position Summary

The Procurement Director leads the execution and continued development of the enterprise procurement and vendor management function. The role owns procurement strategy, category planning, strategic sourcing, complex commercial negotiations, supplier governance, and procurement performance reporting, while ensuring alignment with business priorities, financial objectives, risk requirements, and company policies.

Working closely with business leaders, Legal, Finance, Information Security, Risk, and operational teams, the Director converts business demand and spend insights into actionable sourcing plans, measurable savings, stronger supplier performance, and timely contract outcomes. The role also provides day-to-day leadership, coaching, and prioritization for Procurement team members.

## Key Responsibilities

Procurement Strategy and Category Leadership (25%)

- Execute the annual procurement plan, category strategies, sourcing pipeline, and savings roadmap in alignment with business and financial priorities.
- Use spend, market, supplier, and demand analysis to identify consolidation, cost optimization, competitive sourcing, and contract improvement opportunities.
- Establish sourcing approaches and negotiation strategies for key IT, software, cloud, telecom, Hardware and operational categories.
- Advise senior leadership on market trends, procurement risks, commercial options, investment trade-offs, and supplier strategies.

Strategic Sourcing and Commercial Leadership (30%)

- Lead high-value, complex, and business-critical sourcing engagements from intake and market assessment through competitive process, negotiation, approval, and contract execution.
- Direct RFIs, RFQs, and RFPs; establish evaluation criteria; facilitate stakeholder scoring; conduct commercial analysis; and present recommendations and business cases to decision-makers.
- Lead negotiations with strategic suppliers on pricing, service levels, liability, risk allocation, implementation commitments, renewal protections, and other key commercial and contractual terms.
- Partner with Legal and control functions to resolve complex issues, document risk-based recommendations, and escalate material decisions to the appropriate executives.
- Oversee renewals, amendments, change orders, and Statements of Work to ensure commercial value, clear deliverables, acceptance criteria, and appropriate governance.

Governance Vendor Risk and Performance (20%)

- Own procurement policies, approval standards, sourcing and contracting playbooks, and compliance controls; monitor adoption and address process gaps.
- Ensure supplier onboarding, due diligence, and contracting activities are coordinated with Legal, Information Security, Risk, Finance, and other required reviewers.
- Follow the risk-based vendor governance and performance framework, including service reviews, scorecards, remediation plans, executive escalation, and renewal decisions for critical suppliers.
- Maintain visibility into key contract obligations, renewals, concentration risks, service issues, and commercial exposures, and provide clear recommendations to leadership.

Operations Analytics and Transformation (15%)

- Own the procurement engagement tracker, contract pipeline, renewal calendar, spend reporting, and leadership dashboards, ensuring data is accurate, timely, and decision-useful.
- Define and report procurement KPIs, including savings and cost avoidance, cycle time, sourcing activity, contract completion, renewal readiness, supplier performance, and onboarding progress.
- Drive process improvement through workflow redesign, automation, standardized templates, user guidance, and effective use of source-to-contract, CLM, ERP, and reporting tools.

## Team and Stakeholder Leadership (10%)

- Lead, coach, and develop Procurement team members; allocate work, set priorities, review quality, and build consistent sourcing, contracting, analytics, and stakeholder-management capabilities.
- Build trusted relationships with business leaders, clarify procurement accountabilities, and ensure stakeholders receive timely, practical, and commercially sound support.
- Represent Procurement in cross-functional governance forums and lead supplier executive engagements, QBRs and escalations when required.

## Qualifications and Experience

- 12 or more years of progressive experience in procurement, strategic sourcing, vendor management, or commercial contracting, including leadership of complex and high-value engagements.
- Demonstrated people leadership, coaching, work allocation, and quality oversight experience; formal team-management experience is strongly preferred.
- Strong experience negotiating IT agreements, including SaaS, AI, cloud, hardware, telecom, and professional services, as well as operational supplier agreements.
- At least five years of procurement experience in financial services, with sound understanding of third-party risk, governance, privacy, information security, and regulatory considerations.
- Proven ability to develop category strategies, lead competitive sourcing events, build executive-ready business cases, and deliver measurable savings and cost avoidance.
- Strong commercial judgment and working knowledge of contract structures, service levels, pricing models, liability allocation, implementation commitments, and supplier remedies.
- Advanced analytical and financial skills, including spend analysis, forecasting, total-cost-of-ownership analysis, benchmarking, and executive dashboards; advanced Excel proficiency is expected.
- Excellent executive communication, influencing, negotiation, and stakeholder-management skills, with the ability to make clear recommendations and manage competing priorities.
- Experience with CLM, ERP, source-to-contract, or procurement platforms such as GEP, Coupa, SAP Ariba, or Ivalua; experience implementing or optimizing these tools is an asset.
- Bachelor's degree in Business, Supply Chain, Finance, Law, or a related discipline is required. A relevant master's degree or professional designation such as SCMP, CPSM, or equivalent is an asset.
- Ability to collaborate effectively with stakeholders across North American time zones in a remote working environment.

Leadership Profile

- Strategic and commercially minded, with the ability to translate business objectives into executable procurement priorities.
- Decisive and accountable, with sound judgment on when to resolve issues independently and when to escalate material risk.
- Analytical, organized, and execution-focused, with strong attention to contractual, financial, and operational detail.
- Collaborative and service-oriented, while maintaining appropriate challenge, governance, and negotiation discipline.

About MFSG – Our Commitment to Responsible Innovation

At MFSG, we are committed to building innovative solutions grounded in ethical, transparent, and responsible use of data and technology. Aligned with the principles outlined in Canada’s Artificial Intelligence and Data Act (AIDA), we take a proactive approach to ensuring that any AI or data-driven systems we use are safe, fair, and accountable.

This posting is for a current position within our organization, offering the opportunity to contribute to meaningful, responsible innovation that supports our employees, clients, and communities.

We prioritize strong data governance, clear communication around how systems work, and safeguards that reduce risks and protect individuals. Our focus is on developing tools and processes that promote equity, reliability, and trust, supported by ongoing monitoring and continuous improvement.

Joining MFSG means contributing to a future-focused organization that values both innovation and integrity, where your work helps shape solutions that responsibly support our employees, clients, and communities.

## About Momentum Financial Services Group

## Company Overview
- **One-liner**: Momentum Financial Services Group is one of North America’s largest providers of alternative financial solutions, operating the Money Mart® brand that delivers immediate, accessible lending and money‑services to underbanked consumers.
- **Entity Type**: Private (owned by private‑equity firm Lone Star Funds)
- **Headquarters**: Toronto, Ontario, Canada
- **Founded**: 1982 (as Money Mart in Alberta, Canada)
- **Founders**: Not publicly available

## Core Business
- **Primary industry**: Alternative financial services / consumer lending
- **Target customers**: B2C – underbanked and underserved individuals who need fast access to cash, short‑term loans, cheque cashing, and money transfers
- **Mission/purpose**: “To connect people with money when they need it the most.”

## Products & Services
- **[Money Mart (Store & Digital)]**: Multi‑channel platform offering cash advances, installment loans, cheque cashing, prepaid Visa cards, and MoneyGram money transfers. Available in‑store, online, and via mobile app.

## Market Standing
- **Valuation/Market Cap**: Not disclosed (private company)
- **Key Metrics** (from corporate website):
  - ~1 million customers served per year
  - 1,500+ branches across North America
  - 420+ employees
  - 40+ years of lending experience
  - #1 brand awareness in money services in Canada (Money Mart)
- **Notable Investors/Partners**:
  - **Owner**: Lone Star Funds (acquired in 2014)
  - **Partners**: MoneyGram (money transfer), Dollar Financial Corp (historical acquisition)
- **Growth Signals**:
  - New CEO Peter Kalen joined in 2023 and moved headquarters to Toronto, signalling a strategic refresh.
  - Aggressive hiring across technology roles (Cloud Security Engineer, Full‑Stack Developer, Data Scientist, Site Reliability Engineer) as seen on their Greenhouse careers page.
  - Emphasis on building a digital platform alongside the physical branch network.

## Competitive Advantages
- **Omnichannel network**: Largest non‑bank branch network in Canada (450+ locations) plus 200+ U.S. stores, combined with a growing online/mobile app.
- **Strong brand recognition**: Money Mart enjoys top‑of‑mind awareness in Canada for alternative money services.
- **Decades of underbanked expertise**: 40+ years of serving customers who are often ignored by traditional banks, with products designed for quick, responsible liquidity.
- **Regulatory compliance**: Focus on transparency and integrity, distinguishing from less‑regulated competitors.

## Strategic Focus
- **Digital transformation**: Investing in technology to unify in‑store and digital experiences, enabling customers to “move up the credit spectrum” over time.
- **Product innovation**: Expanding into credit cards and other products that help customers build credit history.
- **Operational efficiency**: Streamlining processes through data analytics, fraud strategy, and automation (evident from hiring for data science and business process roles).

## Why Work Here
- **Culture & values**: Emphasizes teamwork (“We Win As A Team”), customer compassion, integrity, and inclusion. DEIB is a stated priority.
- **Work policy**: Flexible hybrid environment; roles in Toronto, Hyderabad (India), and remote for some U.S. positions.
- **Benefits**: Competitive compensation, discretionary bonuses, excellent medical/dental/vision, 24/7 employee assistance program, robust retirement savings, professional development reimbursement.
- **Growth opportunities**: Many leaders started in store roles and advanced; the company promotes from within. Employees work on products that directly improve financial access for real people.

## Sources
1. [mfsg.com](https://www.mfsg.com/about-us) – About Us, Leadership, History
2. [mfsg.com](https://www.mfsg.com/) – Corporate Information (metrics, mission)
3. [mfsg.com](https://www.mfsg.com/careers) – Careers page (values, benefits, brand details)
4. [job‑boards.greenhouse.io](http://job-boards.greenhouse.io/momentumfinancialservicesgroup) – Current job openings (tech roles, locations)
5. [linkedin.com](https://ca.linkedin.com/company/momentum-financial-services-group) – LinkedIn company page (active jobs, industry)

## Other roles at Momentum Financial Services Group

- [Solution Architect](https://feeny.ai/job/solution-architect-momentum-financial-services-group-toronto-sjscmcpg133d) — Toronto, Canada
- [Director, Procurement](https://feeny.ai/job/director-procurement-momentum-financial-services-group-toronto-1b9qgg63w6f8) — Toronto, Canada
- [Cloud Engineer](https://feeny.ai/job/cloud-engineer-momentum-financial-services-group-hyderabad-5vebtvhrktn1) — Hyderabad, India
- [Senior Data Scientist](https://feeny.ai/job/senior-data-scientist-momentum-financial-services-group-toronto-8kmghm67kc27) — Toronto, Canada
- [Senior Manager, Data Governance](https://feeny.ai/job/senior-manager-data-governance-momentum-financial-services-group-toronto-k2zkp402bahd) — Toronto, Canada
- [Lead Data Engineer](https://feeny.ai/job/lead-data-engineer-momentum-financial-services-group-hyderabad-vwvqncx8pn5c) — Hyderabad, India
- [Site Reliability Engineer](https://feeny.ai/job/site-reliability-engineer-momentum-financial-services-group-hyderabad-7h4v8tp058x7) — Hyderabad, India
- [VP, Enterprise Architecture](https://feeny.ai/job/vp-enterprise-architecture-momentum-financial-services-group-toronto-02pz7mn04x06) — Toronto, Canada
- [IT Vendor Management](https://feeny.ai/job/it-vendor-management-momentum-financial-services-group-toronto-0e20z13zmj8n) — Toronto, Canada
- [Lead Software Engineer II (Node JS)](https://feeny.ai/job/lead-software-engineer-ii-node-js-momentum-financial-services-group-toronto-fe7px6c89fcf) — Toronto, Canada