Director, Supplier Relationship Management
Apply NowCompany: Royal Bank of Canada
Location: Mississauga, ON L4T 4M6
Description:
Job Summary
Manages relationships and workflow with vendors or third parties to ensure the smooth operation of the partnership. Manages activities through senior managers and managers and implements corporate and divisional strategic plans and budgets.
Job Description
What is the opportunity?
This position is responsible for overall supplier management for RBC Insurance from planning and strategy, platform sponsorship and representation of business and enterprise initiatives, direct supplier relationship management, negotiation with multiple key partners for both strategic and day-to-day operations, co-ordination of tactical and operational activities to support/enhance service/operations efficiency and effectiveness and mitigate operational risk where applicable. Is the key point of escalation for any supplier related issues.
What will you do?
Leads and manages across all lines of business for Insurance all supplier management activities including: Strategy & Optimization, Transaction Management, Operations & Maintenance, Operational Effectiveness and Performance Management
Creates a supplier management community within Insurance ensuring awareness and transparency in Enterprise policy expectations in managing third party risk.
Chairs the Insurance Supplier Oversight Committee (ISOC) - oversees the evaluation of controls for critical supplier relationships, providing guidance and assurance to the business.
Collaborates with business and Procurement partners in driving cost efficiencies and protective contractual wording.
Accountable for department budgets and expenses ensuring they are tracked and reported accurately and cost management guidelines are maintained to achieve business plan
Effectively leads and motivates a team who provide day-to-day guidance to business re supplier framework, due diligence, on-boarding and off-boarding, contract renewals and/or changes, and supplier spend processing and analytics. Ensures Supplier Management team strengthens relationship with internal and external business partners.
Responsible for developing supplier strategy and building a comprehensive plan for managing relationships with suppliers, optimizing procurement, and improving overall performance
What will you need to succeed?
Minimum 10 years of supplier management experience including third party risk management and supplier relationships
In-depth knowledge of the OSFI B10 Guideline
Demonstrated leadership and proven impact/influence capabilities
Strong client focus and change management capabilities
Excellent communication, facilitation and negotiation skills
What's in it for you?
A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
Competitive pay and high-earning potential
All the tools, training, and team support you need to grow your career
Flexible work/life balance options
Sophisticated RBCI software tools to boost your productivity
Job Skills
Communication, Design Thinking, Interpersonal Relationship Management, Risk Management, Teamwork, Waterfall Model
Additional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA
City:
MISSISSAUGA
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
INSURANCE
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-04-16
Application Deadline:
2025-05-01
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At 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 Community
Stay 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 jobs.rbc.com.
Manages relationships and workflow with vendors or third parties to ensure the smooth operation of the partnership. Manages activities through senior managers and managers and implements corporate and divisional strategic plans and budgets.
Job Description
What is the opportunity?
This position is responsible for overall supplier management for RBC Insurance from planning and strategy, platform sponsorship and representation of business and enterprise initiatives, direct supplier relationship management, negotiation with multiple key partners for both strategic and day-to-day operations, co-ordination of tactical and operational activities to support/enhance service/operations efficiency and effectiveness and mitigate operational risk where applicable. Is the key point of escalation for any supplier related issues.
What will you do?
Leads and manages across all lines of business for Insurance all supplier management activities including: Strategy & Optimization, Transaction Management, Operations & Maintenance, Operational Effectiveness and Performance Management
Creates a supplier management community within Insurance ensuring awareness and transparency in Enterprise policy expectations in managing third party risk.
Chairs the Insurance Supplier Oversight Committee (ISOC) - oversees the evaluation of controls for critical supplier relationships, providing guidance and assurance to the business.
Collaborates with business and Procurement partners in driving cost efficiencies and protective contractual wording.
Accountable for department budgets and expenses ensuring they are tracked and reported accurately and cost management guidelines are maintained to achieve business plan
Effectively leads and motivates a team who provide day-to-day guidance to business re supplier framework, due diligence, on-boarding and off-boarding, contract renewals and/or changes, and supplier spend processing and analytics. Ensures Supplier Management team strengthens relationship with internal and external business partners.
Responsible for developing supplier strategy and building a comprehensive plan for managing relationships with suppliers, optimizing procurement, and improving overall performance
What will you need to succeed?
Minimum 10 years of supplier management experience including third party risk management and supplier relationships
In-depth knowledge of the OSFI B10 Guideline
Demonstrated leadership and proven impact/influence capabilities
Strong client focus and change management capabilities
Excellent communication, facilitation and negotiation skills
What's in it for you?
A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
Competitive pay and high-earning potential
All the tools, training, and team support you need to grow your career
Flexible work/life balance options
Sophisticated RBCI software tools to boost your productivity
Job Skills
Communication, Design Thinking, Interpersonal Relationship Management, Risk Management, Teamwork, Waterfall Model
Additional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGA
City:
MISSISSAUGA
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
INSURANCE
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-04-16
Application Deadline:
2025-05-01
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At 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 Community
Stay 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 jobs.rbc.com.