Job Summary

Job Description

What is the opportunity?

The Senior Manager, Sourcing will provide Procurement support for the RBC T&O platform while influencing sourcing decisions, driving supplier consolidation, cost savings and cost avoidance 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 optimizing total value generated from RBC’s supplier base.

**Please note that the preferred location for this position is Toronto. This position requires a hybrid working arrangement of approx. 3 days/week in the office**

What will you do?

Negotiate complex supplier contracts, supports business groups in managing supplier contracts and relationships and drafts and makes necessary amendments to current contracts as necessaryCreate 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 strategiesDevelops and implements global efficiencies, standardized tools, practices and procedures, RFP, new supplier and decision-making evaluationsBuild effective and strong relationships with key partners and stakeholders (including executive level) by understanding key needs and dynamics across stakeholder groups, decision makers and influencersSecures stakeholder support for complex decisions (e.g. unpopular, high-risk, contentious)Identify, research and prioritize possible sourcing opportunities through internal spend analysis, knowledge of business unit, potential savings and/or business needProvide mentoring, coaching to help develop skills and abilities of team members to optimize future job performanceAnalyzes complex procurement challenges and assist in developing solutions to best meet business needs

What do you need to succeed?

Must-have

Post-secondary education, and 7+ years’ experience in global procurement, sourcing and relationship managementExperience in leading and supporting stakeholder interactions/relationshipsCore expertise in IT sourcing categories including software, professional services, outsourcing, enterprise applications, and enterprise paymentsA proven track record of leading deals by supported with strong data analytics/should cost skills, and negotiating agreements with complex ‘mega-vendors’Excellent communications skills (verbal and written), and strong PowerPoint presentation skills when interacting with senior leadership

 Nice-to-have    

Related Purchasing field or Procurement DesignationStrong contract acumenStrong analytical skillsAdvanced level user of Microsoft Office (Word, Excel, Power Point)

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 compensationLeaders who support your development through coaching and managing opportunities Work in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workFlexible work/life balance options

#LI-Hybrid

#LI-POST

Job Skills

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

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:

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-11-06

Application Deadline:

2025-01-31

Note: 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 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.
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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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