Royal Bank of Canada

Senior Manager, Sourcing Execution

Royal Bank of Canada • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 7-10 years of experience in global procurement and sourcing
  • Core expertise in IT sourcing categories: software, professional services, outsourcing, enterprise applications, Cloud Computing
  • Understanding of procurement laws and regulations
  • Strong contract and supplier negotiation skills
  • Business and financial acumen
  • Strong analytical skills
  • Excellent communication and presentation skills

Responsibilities

  • Identify and analyze strategic issues related to supplier strategies and advise senior management on solutions
  • Analyze Key Performance Indicators (KPIs) to uncover business unit opportunities and service level enhancements
  • Prepare, coordinate, and lead complex supplier negotiations
  • Develop methodologies to capture savings through value-driven negotiations
  • Deliver cost reductions by executing strategic sourcing initiatives
  • Negotiate and manage complex supplier contracts and relationships
  • Build strong relationships with key partners and executive stakeholders, understanding their needs

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits
  • Support from leaders for development through coaching and management opportunities
  • Ability to make a difference and impact
  • Dynamic, collaborative, high-performing team environment
  • World-class training program in financial services
  • Flexible work/life balance options
  • Opportunities to work on challenging tasks
  • Possibility of taking on progressively greater responsibilities
Full 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 optimizing 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?

  • 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-POST

Job Skills
Contract Management, Contract Review, Decision Making, Interpersonal Relationship Management, Negotiation, 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:

2026-09-15

Application Deadline:

2026-10-16
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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