Consultant, Procurement

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

Benefits offered by this job

Competitive Salary

Incentive Pay

Banking Benefits

Employee Share Purchase Plan

Wellbeing Support

MomentMakers

Job summary

CIBC in Toronto is seeking a Procurement Consultant to support end-to-end procurement across indirect spend, shaping sourcing strategies, negotiating contracts, and advising internal clients. You will develop, negotiate, and implement contracts while mitigating risk and ensuring policy compliance.

The role offers a hybrid work arrangement with 1-3 days on-site weekly and remote days otherwise, collaborating with Risk, Real Estate, Marketing, Finance and HR teams to deliver value.

Qualifications

• Experience in procurement and supplier processes with formal sourcing knowledge.
• Ability to draft contract schedules (e.g., SOW, SLA) is preferred.
• Strong written and oral communication with negotiation skills.
• Knowledge of back-office operations, offshoring and outsourcing contracts is an asset.

Responsibilities

• Define issues and develop procurement approaches for internal clients.
• Develop, negotiate, execute and implement low to moderate complexity contracts.
• Lead contract negotiations and secure authorizations for execution.
• Provide advisory services to internal clients based on business needs.
• Ensure alignment with CIBC risk, policies and regulatory requirements.

Skills

Procurement processes

Contract drafting & negotiation

Relationship management

Written & verbal communication

Self-planning & multitasking

Supplier governance knowledge

Tools

Procurement templates

SLA

Scope of Work

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

Whatyou’llbe 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 selectionmethodologies(e.g., RFPs), negotiating, and contracting.The team supports adiverse portfolioofCorporate functions which includes Risk, Enterprise Real Estate, Marketing, Finance, HR, and other functional groups. As aProcurementConsultant, youwillmanagetheend-to-endprocurement activities focusing on indirect spend categories to supporttheaforementioned linesof 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,executeand 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 descriptivecontent)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 mostoptimalfor you to thrive in your role.You’llhave the flexibility to manage your work activities within a hybrid work arrangement whereyou’llspend 1-3 days per week on-site, while other days will be remote.

Howyou’llsucceed

• 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 andmaintainhealthy working relationships with business partners, suppliers, and peers. Develops trusted advisor relationships andprovidevalued consulting advice tofacilitatethe effective management and completion of procurement initiatives. Align procurement solutions with the businessobjectives. 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 theappropriate governanceis followed and adhered to for all contracts. Keep abreast of the industry knowledge, innovations and advancements in business practices andoperations.

• 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 withCIBC’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 clientissues, andknow when to collaborate with others to build a better solution together.

• Manage Multiple Priorities - Use effective self-management practices to manage multiple concurrentobjectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.

Who you are

• You candemonstrateexperience in procurement and/or supplier processes, practices, tools and templates and principles of formal sourcing processes. You maximize efficiencies,processesand 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. Experience drafting various contract schedules (e.g., Scope of Work, SLA, etc.) is preferred but not necessary. You have strong written and oral communication skills and the desire todevelopstrong influencing and negotiationskills. Knowledge ofback officeoperations, offshoring and outsourcingservices basedcontracts would be an asset.

• You’repassionate about people. You find meaning inrelationships, andbuildcentersof 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 extramile, becauseit’sthe right thing to do.

• You understand that success is in the details. You notice things that othersdon’t. Your critical thinking skills help to inform your decision making.

• Values matter to you. You bring your real self toworkand 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 [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

Corporate Services, Management Reporting, Procurement Services, Reporting and Analysis, Strategic Objectives, Vendor Management, Vendor Relationships, Work Collaboratively