Manager, Sourcing

Job title:

Manager, Sourcing

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?The Manager, Sourcing will provide Procurement support for Commercial Banking, 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, and 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 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.
• 5+ 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, SaaS, software, and professional services 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.

#LI-Hybrid#LI-POSTJob Skills Contract Management, Decision Making, Interpersonal Relationship Management, Long Term Planning, Negotiation, Reviewing Contracts, Supplier Evaluations, Waterfall Project ManagementAdditional Job DetailsAddress: BAY WELLINGTON TOWER, 181 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CHIEF LEGAL & ADMIN OFFICE GRPJob Type: RegularPay Type: SalariedPosted Date: 2024-11-05Application Deadline: 2024-12-31Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Thu, 07 Nov 2024 07:29:55 GMT

To help us track our recruitment effort, please indicate in your email/cover letter where (un-jobs.net) you saw this job posting.