What is the opportunity?

The Senior Manager, Sourcing will provide support of Procurement Personal and Commercial Banking,  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 in Finance, related Purchasing field or Procurement Designation
• 7+ years’ experience in global procurement, sourcing and relationship management
• Experience in leading and supporting stakeholder interactions/relationships
• Understanding of procurement law and/or regulations
• Strong software acumen – i.e. SaaS, PaaS 

Nice-to-have    

• Strong negotiation skills
• 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