Senior Manager, Strategic Sourcing
Top Benefits
About the role
Job Description
What is the Opportunity?
The Senior Manager, Strategic Sourcing will provide Procurement support within the CAO Functions 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.
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 stakeholder interactions/relationships and influencing business decisions
- Strong contract acumen: AI contracts, Contract Gap Analysis, Redlining, Contract Negotiations
- Strong organizational, analytical and presentation skills, delivering to Senior and Executive level leaders
Nice-to-have
- Financial Institution experience
- Familiarity of Procurement law and/or regulations
- Procurement certification
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
- Access to a variety of job opportunities across business and geographies
#LI-POST
Job Skills
Contract Management, Decision Making, Interpersonal Relationship Management, Negotiation, Reviewing Contracts, Sourcing and Procurement, Supplier Evaluations
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:
2025-11-13
Application Deadline:
2025-12-03
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
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 94,000+ employees who leverage their imaginations and insights to 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 our more than 17 million clients in Canada, the U.S. and 27 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 www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Senior Manager, Strategic Sourcing
Top Benefits
About the role
Job Description
What is the Opportunity?
The Senior Manager, Strategic Sourcing will provide Procurement support within the CAO Functions 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.
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 stakeholder interactions/relationships and influencing business decisions
- Strong contract acumen: AI contracts, Contract Gap Analysis, Redlining, Contract Negotiations
- Strong organizational, analytical and presentation skills, delivering to Senior and Executive level leaders
Nice-to-have
- Financial Institution experience
- Familiarity of Procurement law and/or regulations
- Procurement certification
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
- Access to a variety of job opportunities across business and geographies
#LI-POST
Job Skills
Contract Management, Decision Making, Interpersonal Relationship Management, Negotiation, Reviewing Contracts, Sourcing and Procurement, Supplier Evaluations
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:
2025-11-13
Application Deadline:
2025-12-03
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
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 94,000+ employees who leverage their imaginations and insights to 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 our more than 17 million clients in Canada, the U.S. and 27 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 www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.