Job Description

What is the Opportunity?

The Senior Manager, Strategic Sourcing will provide Procurement support for the RBC CAO 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 optimize total value generated from RBC’s supplier base.

** Hybrid work arrangement available. Please note this position can be located at any RBC office globally.**

What will you do?

• 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).

• Negotiate and draft complex supplier contracts, support business groups in managing supplier contracts in accordance with RBC policies

• 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 the ones that may be unpopular, high-risk, or contentious

• Identify, research, analyze and prioritize possible new sourcing opportunities and/or process changes through internal spend analysis, knowledge of business unit, market research, and interactions with internal stakeholders

• Provide mentoring, coaching to help develop skills and abilities of team members to optimize future job performance

• 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).

• Negotiate and draft complex supplier contracts, support business groups in managing supplier contracts in accordance with RBC policies

• 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 the ones that may be unpopular, high-risk, or contentious

• Identify, research, analyze and prioritize possible new sourcing opportunities and/or process changes through internal spend analysis, knowledge of business unit, market research, and interactions with internal stakeholders

• Provide mentoring, coaching to help develop skills and abilities of team members to optimize future job performance

What do you need to succeed?

Must-have

• Post-secondary education, related purchasing field or Procurement designation

• 7+ years’ experience in global procurement, sourcing and relationship management

• Experience in leading complex transformational projects

• Strong contract acumen and familiarity of Procurement law and/or regulations

• Strong analytical and presentation skills, delivering to Senior and Executive level leaders

Nice-to-have

• Financial Institution experience

• Experience within the Travel & Events category

• Experience within the Marketing category

• Experience within the Consumables category

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
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater scopes of work