Senior Manager, Sourcing Execution

RBC; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

A major financial services institution in Toronto is seeking a strategic sourcing professional to influence sourcing decisions and manage complex supplier negotiations. The ideal candidate has 7-10 years of experience in global procurement, particularly in IT sourcing. Responsibilities include developing negotiation strategies, analyzing KPIs for business opportunities, and building strong stakeholder relationships. This role offers a comprehensive rewards program and a dynamic, collaborative work environment.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

World-class training program

Qualifications

• 7-10 years of experience in global procurement and stakeholder management.
• Core expertise in software and Cloud Computing.
• Strong understanding of procurement law and regulations.

Responsibilities

• Analyze strategic issues related to supplier strategies.
• Prepare and conduct complex supplier negotiations.
• Develop methodologies to capture savings in sourcing initiatives.
• Negotiate and manage complex supplier contracts.

Skills

Global procurement experience

IT sourcing categories expertise

Strong contract negotiation skills

Analytical skills

Excellent communication skills

Business acumen

Job description

Job Description

What is the opportunity?

Working with the Director, Sourcing Execution and the Manager, Sourcing Execution, this role will influence sourcing decisions, drive 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. This role 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. This role will 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?

• Identifies and analyzes the strategic issues and challenges related to various supplier strategies and recommends the best solution to senior management.
• Analyze Key Performance Indicators (KPIs) to identify and analyze strategic issues, business unit opportunities, service levels, consolidate critical and non-critical requirements across different suppliers.
• Effectively prepare, coordinate and conduct all complex supplier negotiations.
• Develop methodologies to capture savings as well as manage value driven negotiations.
• Deliver on cost reduction commitments through the identification, development and execution of strategic souring initiatives.
• Negotiate complex supplier contracts, supports business groups in managing supplier contracts and relationships and drafts and makes necessary amendments to current contracts as necessary.
• 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.
• Develop strategic sourcing strategies for specific business units executing purchases through the use of industry analysis, business knowledge, competitive analysis and sourcing expertise.

What do you need to succeed?

Must have:

• 7-10 years’ experience in global procurement, sourcing and leading and supporting stakeholder interactions/relationship management
• Core expertise in IT sourcing categories including software, professional services, outsourcing, enterprise applications, Cloud Computing etc.
• Understanding of procurement law/regulations.
• Strong contract/supplier negotiation skills
• Business and Financial Acumen
• Strong analytical skills
• Excellent Communication and Presentation Skills

Nice-to-have:

• Supplier Management/Procurement Certification
• Financial Industry 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
• Opportunities to take on progressively greater accountabilities

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

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 at jobs.rbc.com.