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. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com. 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.
