Senior Procurement Lead

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 Procurement team provides sourcing and contracting services utilizing disciplined governance to enable CIBC to effectively execute against its business priorities. Procurement provides quality strategic advisory and sourcing process executions services to CIBC business clients for the supply of products and services used by CIBC with optimal balance of price, risk, quality and organizational impact. As the Senior Procurement Lead, you'll manage end to end procurement activities and focus primarily on indirect spend to support IT and non-IT categories across CIBC’s HR, Finance, Real Estate, Communications, Marketing, Risk and Personal and Business Banking SBUs. You will develop and present procurement strategy recommendations as part of advisory service to clients based on their business requirements and industry analysis; develop contract content independently or in partnership with a legal resource; 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. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.

How You’ll Succeed

• Client Engagement & Relationship Management – Help clients meet their business goals by providing better service and value. Develops trusted adviser 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.
• 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.
• 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. Act like an owner by taking accountability for client issues and know when to collaborate with others to build a better solution together.
• 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

• You can demonstrate experience of a minimum of 7 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 ASP, SaaS or Cloud based contracts would be an asset
• You're passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity
• You put our clients first. You engage with purpose and the required level of urgency to find the right solutions. You go the extra mile, because it’s the right thing to do.
• Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
• 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.

• 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.

• 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.

• 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

• 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 Mailbox.careers-carrieres@cibc.com

• 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.

• 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

Business Operations, Company Policies, Contract Interpretation, Contract Negotiations, Contract Performance, Contracts, Contractual Obligations, Management Reporting, Metrics Development, Procurement, Regulatory Compliance, Reporting and Analysis, Risk Management, Sourcing and Procurement, Vendor Management, Vendor Relationships, Work Collaboratively