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Senior Manager Sourcing

RBC Capital

RBC Capital

Toronto, ON, Canada
Posted on Friday, July 5, 2024

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.

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

  • Post-secondary education
  • 7+ years’ experience in global procurement, sourcing and relationship management
  • Experience in leading and supporting stakeholder interactions/relationships
  • Core expertise in IT sourcing categories including software, professional services, outsourcing, enterprise applications
  • 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

Job Skills

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

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:

STRATEGY AND ADMINISTRATION

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-07-04

Application Deadline:

2024-07-18

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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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 jobs.rbc.com.