Managing Counsel - Procurement Legal Team

Job Description

What is the opportunity?

As Managing Counsel, you will lead a team of lawyers as a senior member of RBC’s Procurement Legal Team. This is a unique opportunity to enter into a role that provides strategic legal advice and guidance to Royal Bank of Canada and its global subsidiaries with respect to critical and high risk third party procurement transactions, with an emphasis on SaaS, AI, professional services and consulting arrangements. You will also work closely with senior leaders in procurement and the business to advise on issues of contract interpretation, legal risks and mitigation strategies as a part of new or ongoing third party supplier relationships. You will also support and mentor junior members of the Procurement Legal Team.

What will you do? 

• Lead and mentor a group of senior and junior lawyers;

• Provide strategic legal advice to RBC’s global procurement team and business partners on contract interpretation, supplier disputes, legal risks and mitigation strategies associated with third party contracts, and general supplier engagement and relationship issues;

• Lead negotiations of complex third-party transactions involving technology and non-technology products, intellectual property licensing, information systems and services (including software, SaaS. AI and data license agreements, professional services, outsourcing arrangements, subscription)) while supporting RBC’s commercial objections and operational needs;

• Collaborate with cross-functional partners including Third Party Risk, Tax, Model Risk and Privacy to develop templates and procedures;

• Stay abreast of applicable third party and transactional laws, regulations and guidance; and provide training to business and functional partners as needed.

What do you need to succeed?

Must-have

• Law degree (LLB or JD) from a recognized law school;

• Valid license to practice law in the jurisdiction where you will work;

• 10+ years’ experience in corporate commercial contract drafting and negotiating at a top tier law firm or major corporation;

• Demonstrated experience drafting, reviewing and negotiating complex commercial agreements;

• Strong communication skills (written and verbal) and ability to interact with executive leadership and build relationships across multiple areas of the business;

• Ability to work with a high degree of autonomy, handle large volumes of work and balance competing demands; and

• Ability to assess legal risk, identify mitigating strategies, and interpret those for distribution to business clients.

Nice-to-have

• In-house experience at a large, multi-national bank or diversified financial institution or experience representing large, multi-national bank or diversified financial institutions as external counsel.

• Experience leading a legal team.

• Understanding of regulations applicable to financial institutions as they relate to third party engagements (e.g., privacy/cybersecurity, anti-money laundering, consumer banking);

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

Job Skills

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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.

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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.