We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
What You’ll Be Doing
The mandate of Procurement is to provide sourcing and contracting services utilizing disciplined governance to enable CIBC to effectively execute against its business priorities. The Procurement team plans, negotiates and executes contracts for the supply of products and services used by CIBC striving for an optimal balance of price, risk, quality and organizational impact. As a Consultant, Procurement, you'll manage end to end procurement activities within the People, Culture & Brand and Finance Sourcing team and focus primarily on indirect spend to support IT and non-IT categories. You will develop and present procurement strategy recommendations as part of advisory service to clients based on their business requirements and industry analysis. Plus develop contract content independently or in partnership with a legal resource; and lead the negotiation strategy alignment and contract negotiations, as well as secure authorizations for agreement execution.
At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.
How You’ll Succeed
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Client Engagement & Relationship Management– Help clients meet their business goals by providing better service and value. Focus on each client experience and make every interaction meaningful. Establish and maintain healthy working relationships with business partners, suppliers, and peers. Develops trusted advisor relationships and provide leadership and valued consulting advice to facilitate the effective management and completion of procurement initiatives. Align procurement solutions with their business objectives. This role works with Supplier Risk Stakeholders, Relationship Managers and Business Lead to ensure CIBC’s supplier management framework is implemented for medium to high risk or high spend supplier under the scope of responsibility.
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Risk Management & Industry Knowledge- Ensure the appropriate Governance is followed and adhered to for all contracts. Keep abreast of the industry knowledge, innovations and advancements in business practices and technologies.
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Influencing and Negotiations – Be a strong influencer and negotiator with the ability to liaise with all levels of stakeholders. Manage contract drafting, negotiations and finalization, approval processes. Comply with CIBC’s Procurement and Supplier Governance policies and process.
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Problem Solving - Listen, ask questions, and put yourself in the client’s shoes. Act like an owner by taking accountability for client issues and know when to collaborate with others to build a better solution together.
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Manage Multiple Priorities - Use effective self-management practices to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.
Who You Are
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You can demonstrate 3-4 years of experience in procurement and/or supplier processes, practices, tools and templates and principles of formal sourcing processes, and ability to apply to various categories / circumstances. You maximize efficiencies, processes and systems across Procurement to meet CIBC business goals. You have strong self-planning skills sufficient to plan own assignments according to general work plans; ability to multi-task, plan and meet timelines. You have experience drafting various contract schedules (e.g., Scope of Work, SLA, etc.) and have negotiated contractual terms and conditions. You also have experience developing strategy and converting it into an implementation plan to meet procurement objectives. You have strong written and oral communication, influencing and negotiating skills sufficient to shape decision-making process on matters such as complex contract negotiations. Knowledge of Human Resources and Marketing Services categories would be an asset
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Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
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You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do
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You engage with your heart and mind. You care about people and respect different perspectives. You listen to and learn from the experiences of others.
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You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making
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Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
#LI-TA
What CIBC Offers
At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
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We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
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Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
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We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
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CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]
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You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
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We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
Job Location
Toronto-81 Bay, 14th Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Budget Processes, Business, People Management, Sourcing and Procurement, Vendor Contracts, Vendor Management, Vendor Relationships
