Director, Sourcing

Job Description

What is the opportunity? This role leads RBC's sourcing strategy and execution across the enterprise. You will build and manage a high-performing team of sourcing professionals who partner with business units to understand their needs, develop tailored sourcing strategies, and negotiate supplier agreements that deliver cost savings and sustainable value.Your core responsibilities are to align sourcing initiatives with strategic category plans, optimize total value from RBC's supplier base, and ensure reliable, cost-effective supply chain execution. You will lead relationships with both internal clients and key suppliers, translating business requirements into clear sourcing roadmaps and managing negotiations across deals of varying complexity and risk.This is a critical leadership role that bridges strategy and execution ensuring business units receive dedicated support while suppliers deliver solutions that meet operational and financial targets.What will you do?Relationship Management

• Leads executive stakeholder engagement, influences decision makers, and establishes governance frameworks for stakeholder management
• Builds and maintains trusted supplier relationships to optimize pricing, quality, and all value drivers whilst balancing the risk outcomes
• Develops contingency supplier plans aligned with sourcing strategy and business unit objectives
• Leverages industry experts, associations, and peers to identify and benchmark best practices

Sourcing Strategy Development & Opportunity Assessment

• Strategy Alignment & Planning – Aligns sourcing execution with enterprise strategy and Strategic Category Management vision; identifies opportunities and develops supplier strategy recommendations with business unit buy-in
• Governance & Risk Management – Supports enterprise-wide sourcing policies, standards, and supplier performance frameworks; identifies vulnerabilities, conducts risk assessments, and implements corrective actions and early warning systems
• Executive Leadership – Presents supplier strategy recommendations to senior executives for approval; scopes and prioritizes new sourcing opportunities for leadership consideration; provides strategic guidance on complex procurement planning
• Stakeholder Consideration – Evaluates supplier options against organizational objectives while accounting for social, cultural, and stakeholder interests

Decision Evaluation and Contract Execution

• Makes decisions on sensitive or controversial procurement evaluations and processes
• Leads complex deal negotiations to secure optimal agreements on quality, cost, timing, and supplier terms
• Establishes and adapts negotiation strategies and parameters across organizational levels
• Drafts deal principles and leads contract preparation for complex transactions
• Maintains and regularly reviews procurement tools and templates including central contract repository to ensure compliance and consistency
• Advises internal clients on complex procurement issues and compels influence with all parties (Clients and Suppliers) to resolve disputes

Governance, Risk and Controls

• Ensures adherence and compliance with procurement policies, processes, and procedures to ensure quality goods are acquired efficiently, on time, and cost-effectively
• Formulates and evaluates company-wide procurement policies against regulatory requirements
• Designs and implements solutions to optimize procurement costs and operational efficiency
• Serves as subject matter expert on procurement rules, regulations, and compliance interpretation
• Collaborates with Compliance and Legal to maintain expert compliance frameworks

Leadership

• Ensure that employees understand RBC vision, as well as support and reinforce targeted behaviors that align to RBC’s Leadership Model.
• Leverage the value in unit, department, and enterprise-wide teams to develop better solutions and achieve a cross-enterprise mindset
• Accept and successfully execute change while supporting employees through the process, and keeping them focused on business priorities
• Provide mentoring, coaching and leadership
• Define team performance targets and lead team to achieve goals

What do you need to succeed?Must have:

• 10-12 years of experience in procurement, supply chain, sourcing and relationship management.
• Strategic leadership and strong business acumen with understanding of financial services operations, risk and regulatory requirements
• Demonstrated success managing complex supplier relationships across technology, operations and professional services.
• Strong contract negotiation experience across commercial terms and SLAs, category management and cost optimization.
• Experience leading, coaching and developing high-performing teams.
• Strong executive stakeholder management skills

Nice-to-have:

• Experience identifying AI and automation opportunities across the sourcing lifecycle
• Deep category expertise in Professional Services, Human Resources, Legal, Anti-Money Laundering or Regulatory Technology.

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, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities

#LI-POSTJob SkillsContract Management, Contract Review, Decision Making, Interpersonal Relationship Management, Long Term Planning, Negotiation, Sourcing and Procurement, Supplier Evaluations, Waterfall ModelAdditional Job Details

Address:

ROYAL BANK PLAZA, 200 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:

2026-04-27

Application Deadline:

2026-06-26Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.