Senior Manager, Sourcing

Job Summary

Job Description

What is the opportunity?

The Senior Manager, Sourcing will provide Procurement support for the RBC Insurance & IS 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 this position requires a hybrid working arrangement of approx. 3 days / week in the office

What will you do?

• Negotiate and draft complex supplier contracts and supports business groups in managing supplier contracts in accordance with RBC policies.
• 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).
• 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 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 and develops and implements global efficiencies, standardized tools, practices and procedures, RFP, new supplier and decision-making evaluations

What do you need to succeed?

Must-have

• Post-secondary education.
• 7+ years’ experience in global procurement, sourcing activities, relationship management, negotiating financial and contractual terms.
• A proven track record of leading deals by supporting with strong data analytics / should cost skills, and negotiating agreements with complex mega-vendors’
• Excellent communications skills (verbal and written), storytelling skills and strong PowerPoint presentation skills when interacting with senior leadership.
• Experience in leading complex, multi-stakeholder projects in a fast-paced environment and experience in leading stakeholder interactions / relationships and influencing business decisions.

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-POST

Job Skills

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

Additional Job Details

Address :

BAY WELLINGTON TOWER, 181 BAY ST : TORONTO

City : TORONTO

TORONTO

Country : Canada

Canada

Work hours / week : 37.5

37.5

Employment Type : Full time

Full time

Platform :

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-11-18

2024-11-18

Application Deadline :

2024-12-31

Note : Applications will be accepted until 11 : 59 PM on the day prior to the application deadline date above

I nclusion 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.

Join our Talent Community

Stay 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 jobs.rbc.com .