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Senior Manager, Sourcing

2 months ago

Old Toronto, Canada Royal Bank of Canada Full time

Job Summary

Job Description

What is the opportunity?

The Senior Manager, Sourcing will provide Procurement support for the RBC Functions platforms, while influencing sourcing decisions to support business objectives and compliance with risk mitigation efforts. This role will partner with senior management to proactively develop negotiation and contract strategies for high risk/complex and sensitive sourcing initiatives. The incumbent will gather and analyze data to create playbooks and strategies to support the different business models for services contemplated or currently under contract and prepare findings for senior management; as well as develop and negotiate complex (strategically critical, high value, or high risk) contract strategies that will provide cost effective, sustainable solutions to RBC businesses, and optimize total value generated from RBC’s supplier base.

Hybrid work arrangement available

What will you do?

  • Proactively manage pipeline of sourcing activities, create plans to identify and recommend alternative sourcing strategies that maximize value for RBC.
  • Lead and execute complex sourcing initiatives through competitive evaluation (e.g. RFx, quotes).
  • Negotiate and draft complex supplier contracts, support business groups in managing supplier contracts in accordance with RBC policies.
  • Build effective and strong relationships with key stakeholders (including executive level) by understanding requirements and dynamics across stakeholder groups, decision makers and influencers.
  • Secure stakeholder support for complex decisions, including the ones that may be unpopular, high-risk, or contentious.
  • Identify, research, analyze and prioritize possible new sourcing opportunities and/or process changes through internal spend analysis, knowledge of business unit, market research, and interactions with internal stakeholders.
  • Provide mentoring, coaching to help develop skills and abilities of team members to optimize future job performance.

What do you need to succeed?

Must-have

  • Post-secondary education, related Purchasing field or Procurement Designation.
  • 7+ years’ experience in conducting sourcing activities, negotiating financial and contractual terms.
  • Experience in leading stakeholder interactions/relationships and influencing business decisions.
  • Experience in leading complex, multi-stakeholder projects in a fast-paced environment.
  • Excellent communication and storytelling skills.

Nice-to-have

  • Management consulting and software negotiation experience.

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: 2024-08-21

Application Deadline: 2024-09-30

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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