Consultant, Procurement

CIBC; Toronto; Hybrid; CAD 70,000 - 100,000; Full time

Benefits offered by this job

Competitive salary

Wellbeing support

MomentMakers program

Job summary

CIBC in Toronto is seeking a Procurement Consultant to manage end-to-end procurement activities for indirect spend, advising on sourcing, negotiating contracts, and aligning with risk and governance.

This hybrid role offers 1-3 days on-site and remote work, enabling collaboration with business partners and providing opportunities to influence supplier relationships and drive value across lines of business.

Qualifications

• Experience in procurement and supplier processes, practices, tools and templates.
• Knowledge of formal sourcing processes and contract analysis.
• Strong written and oral communication with negotiation skills.

Responsibilities

• Client Engagement & Relationship Management – build trusted advisor relationships and align with business goals.
• Risk Management & Industry Knowledge – govern contracts and stay updated on practices.
• Influencing and Negotiations – lead contract drafting and approvals with stakeholders.
• Problem Solving – own issues and collaborate for solutions.
• Manage Multiple Priorities – handle concurrent objectives and timelines.

Skills

Procurement processes

Supplier management

Contract drafting

Negotiation

Job description

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 support to business partners in executing on their priorities across all aspects of the third-party lifecycle, including advising on sourcing approach, supporting supplier selection methodologies (e.g., RFPs), negotiating, and contracting. The team supports a variety of lines of businesses including Commercial Banking, Wealth Management, Capital Markets, Infrastructure Operations, Enterprise Architecture and Artificial Intelligence.

As a Procurement Consultant, you will manage the end to end procurement activities focusing on indirect spend categories to support the aforementioned lines of businesses. You will define issues and resolve in an innovative way when our internal clients present requests in a general or ambiguous manner.You will develop and provide a procurement approach and recommendations as part of advisory service to our internal clients based on their business requirements and contract analysis. You will develop, negotiate, execute and implement low to moderate complexity procurement contracts, while ensuring that CIBC risks are mitigated and regulatory requirements & CIBC policies are adhered to. Plus, you will develop contract content (ex. commercial terms and descriptive content ) independently or in partnership with a legal resource and lead the contract negotiations and 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. 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 valued consulting advice to facilitate the effective management and completion of procurement initiatives. Align procurement solutions with the business objectives. This role works with Supplier Risk Stakeholders, Relationship Managers and Business Leads to ensure CIBC’s supplier management framework is implemented.
• 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 operations.
• Influencing and Negotiations – Become a strong influencer and negotiator with the ability to liaise with all levels of stakeholders. Manage contract drafting, negotiations and finalization and the approval processes. Comply with CIBC’s Procurement and Supplier Governance policies and process.
• 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.
• 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 in procurement and/or supplier processes, practices, tools and templates and principles of formal sourcing processes. You maximize efficiencies, processes and systems to meet CIBC business goals. You have strong self-planning skills sufficient to plan your own assignments according to general work plans; ability to multi-task, plan and meet timelines. You have strong written and oral communication skills and the desire to develop strong influencing and negotiation skills. Experience drafting various contract schedules (e.g., Scope of Work, SLA, etc.) is preferred but not necessary. Knowledge of back office operations, offshoring and outsourcing services based contracts would be an asset.
• You’re passionate about people. You find meaning in relationships, and build centers of influence. 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.
• 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.
• You live your values. You bring high standards, genuine care to your relationships, and want to grow with an employer that shares your values and brings out your best.

#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 [e-mail]

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• 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 test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. 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

Budgeting, Commercial Real Estate, Facility Planning, Leasing, Organizational Processes, Prioritization, Real Estate Management, Workflow Process