Sr. Consultant, Procurement

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 90,000 - 120,000; Full time

Benefits offered by this job

Banking benefit

Wellbeing support

Employee assistance programs

MomentMakers recognition

Job summary

Canadian Imperial Bank of Commerce (CIBC) in Toronto is seeking a Senior Consultant in Procurement to lead end-to-end procurement across IT and non-IT categories, delivering advisory strategies and optimizing supplier relationships. You will manage RFx processes, negotiate contracts, and align terms with governance, while supporting a hybrid work arrangement with 1-3 days on-site.

The role emphasizes strong communication, risk awareness, and the ability to drive cost efficiencies for technology

Qualifications

• 5+ years of experience in procurement and/or supplier processes.
• Drafting contract schedules (e.g., Scope of Work, SLAs) and negotiating contractual terms.
• Strong written and verbal communication, influencing and negotiation skills.

Responsibilities

• Manage end-to-end procurement activities for IT and non-IT categories across CIBC’s Technology and Security SBUs.
• Lead, negotiate, execute, and implement medium- to high-complexity procurement initiatives (RFPs and supplier evaluations).
• Develop procurement strategy recommendations informed by business requirements and industry analysis; ensure governance and regulatory compliance.
• Balance multiple priorities with effective time management in a hybrid on-site 1–3 days per week arrangement.

Skills

Procurement

Relationship management

Negotiation

Contract drafting

IT/software procurement

SaaS/Cloud contracts

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

As the Senior Consultant in Procurement, you will manage end-to-end procurement activities within the Procurement Sourcing team, focusing primarily on indirect spend to support IT (including on-premise software, software as a service, IT consulting, managed services, technology deliverable services) and non-IT categories across CIBC’s Technology and Security SBUs. You will develop and present procurement strategy recommendations as part of advisory services to clients, informed by business requirements and industry analysis. You will lead, negotiate, execute, and implement medium- to high-complexity procurement initiatives (including requests for proposals and other supplier evaluation tools), while ensuring CIBC risks are mitigated, regulatory requirements and CIBC policies are followed, and organizational costs are optimized. You will also develop contract content independently or in partnership with legal resources, lead negotiation strategy alignment, manage 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: Support clients in meeting their business goals by providing effective service and value. Develop trusted advisory relationships and provide leadership and consulting advice to facilitate the management and completion of procurement initiatives. Align procurement solutions with business objectives. Collaborate with Supplier Risk Stakeholders, Relationship Managers, and Business Leads to ensure CIBC’s supplier management framework is implemented for suppliers under your scope of responsibility.

Risk Management & Industry Knowledge: Ensure appropriate governance is followed for all contracts. Stay informed about industry trends, innovations, and best practices in business and technology. Influencing and Negotiations: Demonstrate strong influencing and negotiation skills, and effectively engage with stakeholders at all levels. Oversee contract drafting, negotiations, finalization, and approval processes. Comply with CIBC’s Procurement and Supplier Governance policies and processes. Take accountability for client issues and collaborate with others to develop effective solutions.

Managing Multiple Priorities: Use effective self-management practices to balance multiple concurrent objectives, projects, and activities, making informed judgments about prioritization and time allocation.

Who you are

You have at least 5 years of experience in procurement and/or supplier processes, practices, tools, and formal sourcing principles, with the ability to apply these across various categories and circumstances. You seek to maximize efficiencies, processes, and systems to achieve business goals. You have strong planning skills to manage your assignments, multi-task, and meet deadlines. You are experienced in drafting contract schedules (e.g., Scope of Work, SLAs) and negotiating contractual terms and conditions. You have experience developing strategy and translating it into actionable implementation plans. Strong written and verbal communication, influencing, and negotiation skills are essential. Familiarity with IT Services, ASP, SaaS, or Cloud-based contracts is an asset.

Relationship builder: You value diverse relationships and networks, building trust through respect and authenticity.

Client-focused: You engage with purpose and urgency to identify solutions, always striving to do what is right for clients.

Influential communicator: You understand the importance of relationships and networks in achieving success and influence outcomes through effective communication.

Detail-oriented: You pay attention to details and use critical thinking 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.

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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs 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. *Subject to 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.

Expected End Date2026-11-30Job Location Toronto-81 Bay, 14th FloorEmployment Type RegularWeekly Hours37.5Skills Business, Business Practices, Complex Procurement, Contract Management, Contract Negotiations, Procurement, Relationship Management, Risk Management, Supplier Management, Supply Chain Management (SCM), Vendor Management

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.