About the Company
Royal Bank of Canada (RBC) is a global financial institution with a purpose-driven approach to delivering leading performance. As Canada’s largest 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 client-centric solutions. With a significant presence in Calgary, RBC is committed to fostering an inclusive and dynamic work environment, offering comprehensive career development opportunities, and supporting the communities where we live and work.
Job Description
RBC is seeking an experienced and strategic Procurement Director to lead our procurement initiatives within the Canadian operations, specifically focusing on our Corporate and Investment Banking divisions based in Calgary. This role is pivotal in driving cost efficiencies, optimizing supplier relationships, and ensuring compliance with regulatory standards. The successful candidate will be responsible for developing and implementing procurement strategies, managing a team of procurement professionals, and collaborating with various internal stakeholders to meet business objectives. We are open to supporting sponsorship for exceptional international candidates who demonstrate the required expertise and leadership capabilities.
Key Responsibilities
- Develop and execute strategic procurement plans aligned with RBC's overall business objectives and risk management framework.
- Lead and mentor a team of procurement specialists, fostering a culture of high performance, continuous improvement, and professional development.
- Oversee the end-to-end procurement process, including sourcing, vendor selection, contract negotiation, and supplier performance management.
- Identify opportunities for cost savings, value creation, and process optimization across various categories of spend.
- Build and maintain strong relationships with key internal stakeholders, including business unit leaders, legal, finance, and risk management teams.
- Ensure compliance with all internal policies, external regulations, and ethical standards in all procurement activities.
- Drive innovation in procurement practices, leveraging technology and data analytics to enhance decision-making and operational efficiency.
- Manage complex supplier relationships, negotiating terms that mitigate risk and maximize value for RBC.
- Prepare and present reports on procurement performance, savings achieved, and strategic initiatives to senior leadership.
Required Skills
- Minimum of 12 years of progressive experience in procurement, strategic sourcing, or supply chain management.
- Proven leadership experience with a track record of managing and developing high-performing teams.
- Strong expertise in contract negotiation, vendor management, and risk mitigation.
- Demonstrated ability to develop and implement complex procurement strategies.
- Exceptional analytical, problem-solving, and decision-making skills.
- Excellent communication, interpersonal, and presentation skills.
- Proficiency in procurement software and enterprise resource planning (ERP) systems.
- Bachelor's degree in Business Administration, Supply Chain Management, Finance, or a related field.
- Legally eligible to work in Canada or able to obtain work authorization with RBC sponsorship.
Preferred Qualifications
- Master's degree (MBA or equivalent) or a relevant professional certification (e.g., SCMP, CPSM).
- Experience in the financial services industry or highly regulated environments.
- Familiarity with digital procurement tools and advanced analytics.
- Proven experience driving sustainability and diversity initiatives within procurement.
Perks & Benefits
- Competitive salary and comprehensive bonus structure.
- Generous health, dental, and vision benefits from day one.
- Defined contribution pension plan and employee share purchase program.
- Flexible work arrangements (Hybrid model).
- Extensive career development and training opportunities.
- Employee assistance program and wellness initiatives.
- Support for professional certifications and continuing education.
- Relocation assistance and sponsorship available for eligible candidates.
- Access to RBC's extensive network and mentorship programs.
How to Apply
If you are interested in this position, please click the "Apply Now" button below. To ensure your application is properly considered, please prepare the following:
- An up-to-date Resume or CV
- A brief cover letter summarizing your experience and motivation
Applications are reviewed on a rolling basis. Only shortlisted candidates will be contacted for an interview.
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