Manager, Global Procurement

Royal Bank of Canada•Port of Spain, ON

1d•Remote

About The Position

This role involves working with the Director, Global Procurement to conduct sourcing activities for PB&CB - Caribbean Banking. The position influences strategic decision-making and drives cost efficiencies. Key responsibilities include gathering and analyzing data and business requirements, managing the RFx process, and preparing findings for Caribbean Executive & Senior Management. The role also focuses on developing and negotiating contract strategies to provide cost-effective, sustainable solutions and optimize the total value generated from RBC's supplier database.

Requirements

Post Secondary Education in Business Administration, Business Management, Finance, Accounting, Law or related Sourcing Field
Experience in Sourcing of non-complex and complex Procurement deals
Understanding of procurement law and/or regulations
Business and Financial Acumen

Nice To Haves

Procurement Designation

Responsibilities

Develop sourcing strategies and align procurement activity to the organization’s procurement and business objectives using industry analysis, business knowledge, competitive analysis, and sourcing expertise.
Use spend information and category metrics to influence business groups to address key opportunities.
Balance cost and complexity to identify and analyze strategic issues, business unit opportunities, service levels, and consolidate critical and non-critical requirements across different suppliers.
Evaluate supplier proposals by interpreting and analyzing them against business requirements to recommend the best fit supplier.
Create a robust and effective negotiation strategy in alignment with RBC's business needs, aiming for cost-effective pricing and risk-based terms and conditions.
Prepare and draft contract terms, collaborating with the Law Unit and Centres of Governance to ensure compliance and meet business requirements.
Lead the negotiation process from preparation through to execution for assigned contracts.
Build effective and strong relationships with key internal partners and stakeholders by understanding their needs and dynamics.
Influence and lead key internal sponsors and stakeholders through the sourcing process to gain buy-in, overcome challenges, and deliver on high-priority, high-risk, complex initiatives.
Develop and maintain trusted relationships with key suppliers, negotiating pricing/quality of service while minimizing risk.
Manage the end-to-end RFx process in compliance with all governance requirements.
Manage procurement policies, processes, and procedures to ensure the efficient acquisition of quality goods at a reasonable cost and on time.