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 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.

Requirements

Experience in procurement and/or supplier processes, practices, tools and templates and principles of formal sourcing processes.
Strong self-planning skills sufficient to plan your own assignments according to general work plans.
Ability to multi-task, plan and meet timelines.
Strong written and oral communication skills.
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 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.
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.

Nice To Haves

Experience drafting various contract schedules (e.g., Scope of Work, SLA, etc.)
Knowledge of back office operations, offshoring and outsourcing services based contracts

Responsibilities

Manage the end to end procurement activities focusing on indirect spend categories.
Define issues and resolve in an innovative way when internal clients present requests in a general or ambiguous manner.
Develop and provide a procurement approach and recommendations as part of advisory service to 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.
Lead contract negotiations and secure authorizations for agreement execution.
Help clients meet their business goals by providing better service and value.
Establish and maintain healthy working relationships with business partners, suppliers, and peers.
Develop 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.
Ensure CIBC’s supplier management framework is implemented.
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.
Manage contract drafting, negotiations and finalization and the approval processes.
Comply with CIBC’s Procurement and Supplier Governance policies and process.
Manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.

Benefits

competitive salary
incentive pay
banking benefits
a benefits program
defined benefit pension plan
an employee share purchase plan
a 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