Royal Bank of Canada
Job title:
Senior Analyst, Supplier Governance
Company
Royal Bank of Canada
Job description
Job Summary Do you enjoy problem solving and embrace new challenges? Are you passionate about developing business relationships, and supporting business partners in their adoption and use of third-party vendor services? Are you someone who thrives in a spirited team environment, questions the status quo and is naturally driven to seek opportunities for cost efficiencies and process improvement? If so, then we would love to hear from you.
As a Senior Supplier Governance Analyst, you will be responsible for supporting our Global Supplier Management team in their governance and support of RBC’s Wealth Management (WM) platform.
In this role, you will execute the day-to-day supplier management activities, supporting the delivery of our Third-Party Risk (TPR) governance requirements. Key activities include but are not limited to: stakeholder engagement of business partners and vendors, conducting cross-regional supplier reviews and other assessments, supplier spend and invoice analytics, business case development, supplier performance monitoring and reporting, as well as supporting various change initiatives within WM’s overall Supplier Management program.
Job Description
- Conduct regional and cross-region reviews of supplier inventories, activities and spend to identify improvement opportunities. This will include identifying potential savings via supplier or contract rationalization and consolidation, addressing gaps versus organizational standards and general supplier risk mitigation.
- Develop relationships across global WM and other RBC Business Platforms that will support supplier governance and oversight activities and help identify and drive efficiencies and improvements across the supplier base.
- Act as key support for WM as well as non-WM anchored suppliers where WM is utilizing the supplier services. This includes addressing ad-hoc questions from business stakeholders, supporting RBC Supplier Managers/Global Supplier Managers with governance activities, performing investigations and analysis as required.
- Act as key support for developing, implementing, and managing best practice regarding invoice and expense hygiene. Ensuring we are able to trace invoices back to appropriate agreements and the appropriate reconciliation and documentation is in place.
- Supports adherence to appropriate policies & standards and procedures, including the use of available tools.
- Preparation of relevant reporting on spend initiatives, key supplier profiles and supplier performance.
- Other projects and duties, as assigned.
Job Skills Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, Teamwork
Additional Job Details
Address: 180 WELLINGTON ST W:TORONTO
City: TORONTO
Country: Canada
Work hours/week: 37.5
Employment Type: Full time
Platform: Wealth Management
Job Type: Regular
Pay Type: Salaried
Posted Date: 2024-01-16
Application Deadline: 2024-01-30
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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Expected salary
Location
Toronto, ON
Job date
Thu, 18 Jan 2024 00:07:19 GMT
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