What is the opportunity?  

The Senior Manager, Strategic Sourcing will influence sourcing decisions, drive supplier consolidation, cost savings and cost avoidance efforts. This role will use procurement best practices to mitigate risks for RBC as contracts are reviewed and negotiated. As a Senior Manager, you will be responsible to adhering to Contract Governance Standards while helping support the internal business teams by providing procurement opinion on contract deviations which may exist. Having strong communication skills and a passion for negotiating both general and commercial terms will be a valuable asset. You will be actively involved in negotiation and contract strategies for high risk/complex and sensitive sourcing initiatives - you will help provide cost effective, sustainable solutions for the RBC business teams and ultimately optimize total value generated from RBC's third party supplier base. As a Senior Manager this role will gather and analyze data to create playbooks, strategy and opinion on different business models for services contemplated or currently under contract and prepare findings for senior management.

What will you do?

• Effectively prepare, coordinate and conduct all complex supplier negotiations.  Creation and redline review of MSA, SOW, Transaction Agreements, Evaluation Agreements – pulling in the right Center of Governance and expertise as required
• Act as a trusted advisor and business partner to our internal business teams as it relates to sourcing from third party suppliers
• Develop methodologies to capture savings as well as manage value driven negotiations.
• Executive and facilitate RFX (RFP's and RFI's) initiatives; working closely with our Market Trend and Market Analytics teams to better understand competitive landscape when evaluating third party supplier options
• Negotiate complex supplier contracts, support business team in managing supplier contracts and relationships and draft and make necessary amendments to current contracts as necessary.
• Provide mentoring, coaching to help develop skills and abilities of team members to optimize future job performance.
• Create plans to identify or recommend alternative suppliers against the sourcing execution plan, to maximize service levels and procurement activities and create alignment to long-term business strategies

What do you need to succeed?

Must have:

• 7+ years’ Experience in global procurement, sourcing and relationship management
• Experience working and negotiating MSA’s, Transaction Agreements/SOW’s, Amendment Agreement, Evaluation Agreements and completing Executive Contract Summaries
• Experience running and facilitating RFx initiatives
• Strong communication skills, negotiation skills, business acumen, analytical skills and experience leading and supporting stakeholder interactions/relationship
• Post-secondary education in Finance, Related Purchasing field or Procurement Designation.

Nice-to-have: 

• Experience working with Contract and Procurement software such as Coupa and iValua
• Procurement experience specific to IT segment, Professional Services, Software and/or Insurance related products
• Presentation Skills preparing executive summaries and reviewing with senior leadership
• People management skills specific to providing guidance and coaching to help build team capabilities

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-POST

Job Skills

Business, Business Strategies, Communication, Contracting Strategies, Contract Management, Contract Negotiations, Contract Review, Cost Avoidance, Cost Savings, Decision Making, Interpersonal Relationship Management, Leadership, Negotiation, Procurement, Risk Management, Sourcing and Procurement, Sourcing Strategies, Strategic Sourcing, Supplier Contracts, Supplier Evaluations, Supplier Negotiations, Supplier Relationship Management, Taking Initiative, Third Party Relationships, Vendor Management

Additional Job Details

BAY WELLINGTON TOWER, 181 BAY ST:TORONTOTorontoCanada37.5Full timeCHIEF LEGAL & ADMIN OFFICE GRPRegularSalaried2026-07-092026-08-14

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

Our Employment Opportunities

At 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.

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.