Senior Manager, Sourcing

Job title:

Senior Manager, Sourcing

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat 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 necessary
• Create 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 strategies
• Develops and implements global efficiencies, standardized tools, practices and procedures, RFP, new supplier and decision-making evaluations
• Build effective and strong relationships with key partners and stakeholders (including executive level) by understanding key needs and dynamics across stakeholder groups, decision makers and influencers
• Secures 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 need
• Provide mentoring, coaching to help develop skills and abilities of team members to optimize future job performance
• Analyzes complex procurement challenges and assist in developing solutions to best meet business needs

What do you need to succeed?Must-have

• 7+ years’ experience in global procurement, sourcing and leading and supporting stakeholder interactions/relationship management
• Core expertise in IT sourcing categories including software, professional services, outsourcing, enterprise applications, IT Hardware, Cloud Computing etc.
• A proven track record of leading deals and negotiating agreements with ‘mega-vendors’
• Understanding of procurement law and/or regulations
• Excellent communications skills (verbal and written)

Nice-to-have

• Related Purchasing field or Procurement Designation
• Strong contract acumen
• Strong analytical skills

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, Negotiation, Reviewing Contracts, Sourcing and Procurement, Supplier Evaluations, Waterfall ModelAdditional 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: 2025-01-15Application Deadline: 2025-04-30Note: 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

Fri, 17 Jan 2025 05:51:22 GMT

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