Manager, Procurement Sourcing

0000055739 RBC Insurance Agency Ltd.; Toronto; On-site; CAD 95,000 - 125,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Manager for Procurement Sourcing. In this role, you'll provide procurement support for Personal Banking, manage complex negotiations and contracts, and collaborate with senior management to drive sourcing strategies. This position requires over 5 years of relevant experience and offers a comprehensive rewards program and opportunities for professional growth.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Work/life balance options

World-class training program

Qualifications

• 5+ years’ experience in conducting sourcing activities, negotiating financial and contractual terms.
• Experience in leading stakeholder interactions/relationships and influencing business decisions.
• Excellent communication and storytelling skills.

Responsibilities

• Proactively manage pipeline of sourcing activities.
• Negotiate and draft complex supplier contracts.
• Identify, research and prioritize new sourcing opportunities.

Skills

Contract Management

Negotiation

Interpersonal Relationship Management

Decision Making

Sourcing and Procurement

Education

Post-secondary education in Purchasing or Procurement Designation

Job description

Manager, Procurement Sourcing page is loaded

Manager, Procurement Sourcing

Apply locations TORONTO, Ontario, Canada time type Full time posted on Posted Yesterday time left to apply End Date: August 15, 2025 (12 days left to apply) job requisition id R-0000117488

Job Description

What is the opportunity?

The Manager, Sourcing will provide Procurement support for Personal Banking, while influencing sourcing decisions to support business objectives and compliance with risk mitigation 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.

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, and 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 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.
• 5+ years’ experience in conducting sourcing activities, negotiating financial and contractual terms.
• Experience in leading stakeholder interactions/relationships and influencing business decisions.
• Experience in leading complex, multi-stakeholder projects in a fast-paced environment.
• Excellent communication and storytelling skills.

Nice-to-have

• Management consulting, SaaS, software, and professional services negotiation experience.

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

#LI-POST

Job Skills

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

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:

CHIEF LEGAL & ADMIN OFFICE GRP

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-03-12

Application Deadline:

2025-08-15

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

Inclusion and Equal Opportunity Employment

At 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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About Us

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com .

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact .