Consultant, Procurement

CIBC•Toronto, ON

1d•Hybrid

About The Position

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 approaches, supporting supplier selection (e.g., RFPs), negotiating, and contracting. The Technology and Security Procurement team supports business partners across all technology support teams, as well as fraud, corporate security, and information security. As a Consultant in Procurement, you will manage end-to-end procurement activities focusing on indirect spend categories to support supplier-hosted software and IT services. You will collaboratively define and resolve issues when internal clients present requests in a general or ambiguous manner, encouraging diverse perspectives and approaches. You will develop and provide a procurement approach and recommendations as part of advisory services 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 (e.g., commercial terms and descriptive content) independently or in partnership with a legal resource and lead contract negotiations and secure authorizations for agreement execution.

Requirements

At least 1 year of experience in procurement and/or supplier processes, or equivalent transferable skills and knowledge of formal sourcing principles.
Strong self-planning skills sufficient to plan your own assignments according to general work plans; ability to multi-task, plan, and meet timelines.
Effective written and oral communication skills.
Willingness to develop influencing and negotiating abilities, regardless of your communication style.
Values people, finds meaning in relationships, and fosters an inclusive network of partners.
Builds trust through respect, authenticity, and a commitment to belonging.
Puts clients first.
Engages with purpose and the required level of urgency to find the right solutions.
Strives to do what is right for clients, balancing dedication with well-being.
Understands that relationships and networks are essential to success.
Inspires outcomes by making yourself heard.
Understands that success is in the details.
Notices things that others don't.
Critical thinking skills help to inform decision making.
Values matter to you.
Brings your authentic self to work and lives CIBC values—trust, teamwork, and accountability—while fostering an inclusive environment for all.
Accountability
Communication
Contract Management
Contract Negotiations
Detail-Oriented
Procurement Contracts
Researching
Sourcing and Procurement
Supplier Management
Vendor Management

Nice To Haves

Experience drafting various contract schedules (e.g., Scope of Work, SLA, etc.) is preferred but not required.

Responsibilities

Manage end-to-end procurement activities focusing on indirect spend categories to support supplier-hosted software and IT services.
Collaboratively define and resolve issues when internal clients present requests in a general or ambiguous manner, encouraging diverse perspectives and approaches.
Develop and provide a procurement approach and recommendations as part of advisory services to our internal clients, based on their business requirements and contract analysis.
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.
Develop contract content (e.g., commercial terms and descriptive content) independently or in partnership with a legal resource and lead contract negotiations and secure authorizations for agreement execution.
Help clients meet their business goals by providing equitable service and value.
Focus on each client experience and make every interaction meaningful, respecting and valuing diverse backgrounds.
Establish and maintain healthy working relationships with business partners, suppliers, and peers.
Develop 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.
Work with Supplier Risk Stakeholders, Relationship Managers, and Business Leads to ensure CIBC’s supplier management framework is implemented.
Ensure the appropriate governance is followed and adhered to for all contracts.
Keep abreast of industry knowledge, innovations, and advancements in business practices and technologies.
Demonstrate effective influencing and negotiation skills by engaging with stakeholders at all levels, using a variety of communication styles.
Manage contract drafting, negotiations, finalization, and approval processes.
Comply with CIBC’s Procurement and Supplier Governance policies and processes.
Listen, ask questions, and put yourself in the client’s shoes.
Take accountability for client issues, and collaborate with others to build inclusive and effective solutions.
Use effective self-management practices to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.

Benefits

Competitive salary
Incentive pay
Banking benefits
Benefits program
Defined benefit pension plan
Employee share purchase plan
Vacation offering
Wellbeing support
MomentMakers, our social, points-based recognition program
Purpose Day; a paid day off dedicated for you to use to invest in your growth and development