Senior Analyst, Supplier Governance

Job Summary

Job Description

What is the opportunity?

Do you enjoy problem solving and embrace new challenges? Are you passionate about developing business relationships, and supporting business partners in their adoption and use of third-party vendor services?

Are you someone who thrives in a spirited team environment, questions the status quo and is naturally driven to seek opportunities for cost efficiencies and process improvement?

If so, then we would love to hear from you.

As a Senior Supplier Governance Analyst, you will be responsible for supporting our Global Supplier Management team in their governance and support of RBC's Wealth Management (WM) platform.

In this role, you will execute the day-to-day supplier management activities, supporting the delivery of our Third-Party Risk (TPR) governance requirements.

Key activities include but are not limited to : stakeholder engagement of business partners and vendors, conducting cross-regional supplier reviews and other assessments, supplier spend and invoice analytics, business case development, supplier performance monitoring and reporting, as well as supporting various change initiatives within WM's overall Supplier Management program.

What will you do?

Conduct regional and cross-region reviews of supplier inventories, activities and spend to identify improvement opportunities.

This will include identifying potential savings via supplier or contract rationalization and consolidation, addressing gaps versus organizational standards and general supplier risk mitigation.

• Develop relationships across global WM and other RBC Business Platforms that will support supplier governance and oversight activities and help identify and drive efficiencies and improvements across the supplier base.
• Act as key support for WM as well as non-WM anchored suppliers where WM is utilizing the supplier services. This includes addressing ad-hoc questions from business stakeholders, supporting RBC Supplier Managers / Global Supplier Managers with governance activities, performing investigations and analysis as required.
• Act as key support for developing, implementing, and managing best practice regarding invoice and expense hygiene. Ensuring we are able to trace invoices back to appropriate agreements and the appropriate reconciliation and documentation is in place.
• Supports adherence to appropriate policies & standards and procedures, including the use of available tools.
• Preparation of relevant reporting on spend initiatives, key supplier profiles and supplier performance.
• Other projects and duties, as assigned.

What do you need to succeed?

Must-have

• 3-5 years of combined knowledge, skills and background in supplier / vendor management, expense analytics and payables management, procurement, or operations, preferably within one or more lines of businesses
• Self-motivated with superior prioritization and organizational skills and naturally adept at partnering with peers and colleagues within a global matrix organization
• Ability to analyze supplier services, spend and key metrics
• Strong communication & relationship management skills with the ability to present information effectively to various audiences
• Critical thinking, analytical and research skills
• Effective collaborator, leader and positive team member with strong interpersonal skills
• Must have advanced Microsoft Office Skills (e.g. Microsoft Excel and PowerPoint)

Nice-to-have

• Familiarity with Wealth Management industry : business, products / services, processes / workflows
• Ability to manage through influence at various levels, including Senior Management
• Data management and data visualization tools, such as Tableau
• Project or change management skills and tools
• Policy and Procedure documentation
• Business Administration degree (BComm / MBA) or management consulting experience

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
• Flexible work / life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

Job Skills

Business Process Design, Decision Making, Financial Risk Management (FRM), Operational Risks, Risk Control, Risk Management, Teamwork