Senior Manager, Sourcing (IT & Non IT Categories)

RBC; Toronto; Hybrid; CAD 100,000 - 130,000; Full time

Job summary

A leading company is seeking a Senior Manager, Sourcing to optimize supply chains in a dynamic Capital Markets environment. The role involves strategic sourcing of technology products, compliance with procurement policies, and driving cost-saving initiatives. Join a high-performing team to enhance procurement's strategic value.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Coaching and development opportunities

Qualifications

• 5+ years of relevant technology experience in sourcing.
• Experience working in a global financial institution.

Responsibilities

• Drive and influence sourcing decisions in Capital Markets.
• Lead end-to-end sourcing process and negotiate agreements.
• Develop strategic sourcing strategies in tandem with the business.

Skills

Negotiation

Financial Modeling

Analytical Skills

Education

Post-secondary education in Business Administration

Supply Chain or Procurement Designation

Job description

Job Summary

Job Description

What is the opportunity?

In this role, as Senior Manager, Sourcing you will work in a dynamic and fast paced Capital Markets environment. This role will drive and influence sourcing decisions, optimize the supply base and be relentless in the pursuit of cost savings/avoidance opportunities while balancing supplier risk in a highly regulated and exciting business platform. As a member of a high performing team that demonstrates Procurement’s strategic value and partnership, you will identify and lead complex strategic sourcing and contracting of technology products including enterprise and business application software and related services in support of the Capital Markets business.

This role is predominantly remote, however this role will be required to work from any RBC designated locations 3 times a week and/or as required by RBC Policy.

What will you do?

• Establish strong and credible relationships across the Capital Markets business platform with the objective of understanding the business strategy and direction
• Develop strategic sourcing strategies and initiatives in tandem with the business for specific categories being sourced
• Build and continuously update a comprehensive and robust contract pipeline to proactively identify, manage, address and report on sourcing opportunities
• Be subject matter expert on RBC’s Enterprise Procurement & Third Party Risk policies and procedures in order to ensure 100% compliance
• Lead the end to end sourcing process
• Negotiate both complex and non-complex IT and Non IT agreements including Master Agreements, Transaction Schedules, Statement of Works, Amendments and other documents
• Develop and implement global efficiencies, standardized tools, technology, policies and procedures related to Procurement
• Drive, innovate and recommend opportunities to continuously improve and enhance the strategic value of Procurement to the organization.

What do you need to succeed?

Must-have

• Post-secondary education in Business Administration, Finance, Engineering or equivalent to a 4 year university program in relevant discipline or related Supply Chain or Procurement Designation
• Solid knowledge, understanding and experience in strategic sourcing with 5+ years of relevant technology experience in sourcing
• Seasoned negotiator who can understand and exploit points of leverage including leveraging contracts terms/conditions in order to optimize cost structures and minimize risk
• Great understanding of commercial and non-commercial provisions of third party documentation
• Strong financial modeling and analytical skills to identify and support negotiation strategies
• Sourcing/Procurement experience working in a global financial institution

Nice-to-have

• Excellent communication skills and even better listening skills to champion the "voice of the internal customer"
• Relationship builder who can lead when required and participate and influence others if and when required
• Strong organizational skills, ability to work on multiple complex projects simultaneously.
• Experience working in a global capital markets business which includes understanding of common technology and suppliers that support a trading environment as well as cultural differences

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 and 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

#LI-Hybrid

#LI-POST

Job Skills

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:

2025-02-24

Application Deadline:

2025-05-31

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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