Senior Manager, Strategic Sourcing

What is the Opportunity? The Senior Manager, Strategic Sourcing will provide Procurement support within the CAO Functions Platform, influence sourcing decisions, drive supplier consolidation, cost savings and cost avoidance efforts. They will partner with senior management to proactively develop negotiation and contract strategies for high risk/complex and sensitive sourcing initiatives, gather and analyze data to create playbooks, and negotiate complex contract strategies that provide cost‑effective sustainable solutions to RBC businesses, optimizing total value generated from RBC’s supplier base. What will you do? Proactively manage the pipeline of sourcing activities, creating 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 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 and coaching to help develop skills and abilities of team members. What do you need to succeed? Must‑have Post‑secondary education, related purchasing field or Procurement designation. 7+ years’ experience in global Procurement, sourcing and relationship management. Experience in leading stakeholder interactions/relationships and influencing business decisions. Strong contract acumen: AI contracts, Contract Gap Analysis, Redlining, Contract Negotiations. Strong organizational, analytical and presentation skills, delivering to Senior and Executive level leaders. Nice‑to‑have Financial Institution experience. Familiarity of Procurement law and/or regulations. Procurement certification. What’s in it for you? A comprehensive Total Rewards Program including bonuses, flexible benefits, competitive compensation, commissions, and stock where applicable. Leaders who support your development through coaching and managing opportunities. Ability to make a difference and lasting impact. Work in a dynamic, collaborative, progressive, and high‑performing team. A world‑class training program in financial services. Flexible work/life balance options. Opportunities to do challenging work. Access to a variety of job opportunities across business and geographies. Job Skills Contract Management, Contract Review, Decision Making, Interpersonal Relationship Management, Negotiation, Sourcing and Procurement, Supplier Evaluations. Job Details Address: BAY WELLINGTON TOWER, 181 BAY ST:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: CHIEF LEGAL & ADMIN OFFICE GRP Job Type: Regular Pay Type: Salaried Posted Date: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above. Inclusion and Equal Opportunity Employment At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging, and opportunity for all. #J-18808-Ljbffr