Sr. Consultant, Procurement

CIBC; Toronto; Hybrid; CAD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Incentive pay

Benefits program

Defined benefit pension plan

Employee share purchase plan

Wellbeing support

MomentMakers recognition

Job summary

CIBC in Toronto is seeking a Sr. Consultant, Procurement to lead end-to-end software, SaaS and IT services sourcing. You will shape engagement and contract strategy, coordinate with legal and business partners, and drive cost reductions while managing risk on complex initiatives.

The role emphasizes relationship management and proactive supplier governance in a hybrid work environment. You will collaborate with internal clients and vendors, crafting commercial terms, statements of work, and

Qualifications

• 3+ years in procurement and supplier processes with formal sourcing knowledge.
• Experience drafting contract schedules (SOW, Commercial Terms) preferred.
• Strong written and oral communication skills.
• Knowledge of SaaS or Cloud and IT Services contracts is an asset.

Responsibilities

• Lead end-to-end procurement for software, SaaS and IT services.
• Define issues, engagement and contract approach; drive negotiations.
• Coordinate inputs from legal resources, SMEs and business lines.
• Aim to cut costs, minimize risks and drive continuous improvement.
• Manage multiple priorities and complex procurement projects.

Skills

Procurement

SaaS & IT Services

Vendor Management

Contract Negotiation

Relationship Management

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 ambition, 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 Sr. Consultant, Procurement manages the end to end procurement activities focusing primarily on software, Saas and IT Services. In this role, you will define issues, recommend an engagement and contract approach and resolve in an innovative way when a request is presented in an ambiguous manner. You work in a self-regulated manner and are responsible for the contract projects you are assigned including procurement research & strategy, vendor selection, deal negotiation, deal presentation, and the contract approval process. You will work with minimal direction with a mission to cut costs, minimize risks, and drive continuous improvement on moderate to high complexity projects. The Sr. Consultant co-ordinates the inputs of CIBC's legal resources, subject matter experts and the line-of-business to create a contract that sets both CIBC and the supplier up for success. You will develop contract content (ex. commercial terms and descriptive content) independently or in partnership with a subject matter expert.

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 our internal line-of-business 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 adviser relationships and provide 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 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 technologies.
• 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 of 3+ years of 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. Experience drafting various contract schedules (e.g., Scope of Work, Commercial Terms, etc.) is preferred but not necessary. You have strong written and oral communication skills and the desire to grow toward strong influencing and negotiating skills. Knowledge of SaaS or Cloud, and IT Services 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 support your team members and use each other as sounding boards.
• 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.

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

Business Operations, Company Policies, Contract Agreements, Contract Negotiations, Contract Performance, Contractual Obligations, Management Reporting, Metrics Development, Performance Measurement, Personal Initiative, Prioritization, Procurement, Procurement Services, Regulatory Compliance, Risk Management, Strategic Objectives, Vendor Management, Vendor Performance Management, Vendor Relationships, Work Collaboratively