Manager Procurement

2 weeks ago

Toronto, Ontario, Canada RBC - Royal Bank Full time

Job Summary

Job Description

What is the opportunity?

As a Manager, Sourcing Execution, your role will influence sourcing decisions, drive supplier consolidation and cost savings efforts. You will partner with senior management to proactively develop strategies for low risk/non-complex sourcing initiatives. This role will gather and analyze data to help create playbooks and strategies to support the different business models for services currently under contract and prepare findings for senior management. This role will develop and negotiate non-complex contract strategies that will provide cost effective, sustainable solutions to RBC businesses, and optimizing total value generated from RBC's supplier base.

What will you do?

  • Evaluate and analyze supplier proposals against business requirements to recommend the best solution and supplier to senior management.
  • Prepare and draft non-complex contract terms, working with legal department to ensure all terms are compliant and meet business requirements.
  • Prepare, coordinate and conduct non-complex supplier negotiations.
  • Support business partners in managing supplier contracts and relationships and make necessary amendments to current contracts as necessary.
  • Build effective and strong relationships with key partners and stakeholders by understanding key needs and dynamics across stakeholder groups, decisionmakers and influencers.
  • Develop and maintain trusted relationships with key suppliers, negotiating pricing/and or quality of service while minimizing risk.
  • Develop sourcing strategies for business units using industry analysis, business knowledge, competitive analysis and sourcing expertise.
  • Create plans to identify or recommend alternative suppliers against the sourcing execution plan, to maximize service levels and procurement activities and create alignment to long-term business strategies.

What do you need to succeed?

Must-have

  • Post-secondary education
  • Experience in supplier, sourcing and relationship management
  • Business, financial and contract law acumen
  • Strong negotiation and analytical skills
  • Result driven with focus on achieving financial targets (cost savings)

Nice-to-have

  • Project management skills
  • Background in finance or IT

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
  • Leaders who support your development through coaching and managing opportunities
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work
  • Flexible work/life balance options

Job Skills

Contract Management, Decision Making, Interpersonal Relationship Management, Negotiation, Project Management, Reviewing Contracts, Sourcing and Procurement, Supplier Evaluations

Additional Job Details

Address:

BAY WELLINGTON TOWER, 181 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

STRATEGY AND ADMINISTRATION

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
​​​​​​​
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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