Manager, Procurement

Royal Bank of Canada View all jobs

Toronto, ON
Permanent
Full-time

52 mins ago

Job DescriptionWhat is the opportunity?Working with the Director, Sourcing Execution, this role will influence sourcing decisions, drive supplier consolidation and cost savings efforts. This role will partner with senior management to proactively develop strategies for low/medium risk sourcing initiatives. This role will gather and analyze data to help create playbooks and strategies to support the different business models for services currently under contract and prepare findings for senior management. This role will develop and negotiate contract strategies that will provide cost effective, sustainable solutions to RBC businesses, and optimizing total value generated from RBC’s supplier base.What will you do?Sourcing Strategy Development and Contract Execution

Develop sourcing strategies (e.g. RFx, sole source negotiations, supplier consolidations etc.) that align with business technology strategy using industry analysis, business knowledge, spend analysis and sourcing expertise.
Evaluate supplier proposals by interpreting and analyzing proposals against business requirements to recommend the best solution supplier recommendation to senior management and/or Sr. Manager, Sourcing Execution.
Prepare and draft various contractual documents, working with legal team and other Centers of Governance to ensure all terms are compliant and meet business requirements and RBC contract standards.
Effectively prepare, coordinate and conduct all various supplier renewals in timely manner.
Provide support to business groups in managing supplier contracts and relationships and make necessary amendments to current contracts as necessary.

Relationship Management

Build effective and strong relationships with key partners and stakeholders by understanding key needs and dynamics across stakeholder groups, decision makers and influencers.
Act as a trusted business partner to influence and lead key sponsors and stakeholders through the sourcing process, to gain buy-in, overcome challenges and deliver on high priority, high-risk, complex initiatives.

Governance, Risk and Controls

Consistently applies an understanding of procurement policies and procedures in carrying out tasks. Demonstrates flexibility to fulfill urgent requests without unduly interrupting normal processes.
Support development and adherence to financial, fraud-prevention and risk management controls through the Procurement process.

What do you need to succeed?Must have:

4 - 7 years’ experience in procurement sourcing, supplier and relationship management
Understanding of procurement law and/or regulations
Leads low/medium complexity deals with total contract value between $250,000 and $3Million
Experience running and facilitating RFx initiatives
Strong communication skills, negotiation skills, business acumen, analytical skills and experience leading and supporting stakeholder interactions/relationship

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

#LI-POSTJob Skills Contract Management, Contract Review, Decision Making, Interpersonal Relationship Management, Negotiation, Sourcing and Procurement, Supplier Evaluations, Waterfall ModelAdditional Job DetailsAddress: BAY WELLINGTON TOWER, 181 BAY ST:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CHIEF LEGAL & ADMIN OFFICE GRPJob Type: RegularPay Type: SalariedPosted Date: 2026-04-16Application Deadline: 2026-06-05Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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 CommunityStay 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 .RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Royal Bank of Canada

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