Director, Procurement

CIBC • Toronto, ON

2d • Hybrid

About The Position

Procurement’s core mandate is leading the sourcing and contracting of third parties to deliver services to CIBC lines of business and functional groups, doing so in a manner that meets business objectives while mitigating risks and maximizing benefits. The International Procurement Team is responsible for supporting CIBC Group Members in US, UK, APAC, European, and Indian regions. As Director, you will primarily be responsible for managing the Procurement service delivery to CIBC Group Members in Europe, APAC, and the UK. This includes development and maintenance of a pipeline, developing and executing strategies with respect to particular suppliers, services, and categories, and leading or overseeing complex initiatives such a regulatory uplifts. Additionally, you will serve as the senior Procurement contact to drive change management and increase regional adoption of Enterprise Procurement policies and processes. You will work with your Senior Director and your peers to support the overall goals, targets, and strategic priorities of the team (including achieving savings, performance, and compliance targets and supporting transformational initiatives). Although you will not have direct reports, you will be responsible for supporting overall team management and overseeing the work of team members supporting your portfolio.

Requirements

• Experience in all aspects of the sourcing lifecycle, including developing and refining sourcing opportunities, supplier selection (e.g., RFPs), negotiation, and contracting.
• Experience developing strategic recommendations, securing leadership buy-in, and driving execution through cross-functional teams.
• Critical thinking skills to inform decision making.
• Ability to be comfortable at the strategic and conceptual level, and equally comfortable diving into the details to uncover opportunities and resolve issues.
• Ability to give meaning to data.
• Enjoy investigating complex problems and making sense of information.
• Confidence in the ability to communicate detailed information in an impactful way.
• Understanding the power of an inclusive team that enjoys working together to bring a shared vision to life.
• Values matter to you.
• Bring your real self to work and live CIBC values – trust, teamwork and accountability.
• Legally eligible to work at the location(s) specified and, where applicable, must have a valid work or study permit.

Nice To Haves

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

Responsibilities

• Managing the Procurement service delivery to CIBC Group Members in Europe, APAC, and the UK.
• Development and maintenance of a pipeline.
• Developing and executing strategies with respect to particular suppliers, services, and categories.
• Leading or overseeing complex initiatives such as regulatory uplifts.
• Serving as the senior Procurement contact to drive change management and increase regional adoption of Enterprise Procurement policies and processes.
• Supporting overall team management and overseeing the work of team members supporting your portfolio.
• Developing and maintaining relationships with peers, within your portfolio (executive and non-executive levels), risk group stakeholders, and suppliers.
• Interacting on a regular basis with roles in the line of business up to and including the Executive level, for purposes of fulfilling those clients sourcing and contracting needs with suppliers.
• Working closely with suppliers when implementing a sourcing strategy and working towards finalizing a sourcing deal with the supplier under a contract.
• Demonstrating leadership in the development and execution of sourcing and negotiation strategies in alignment with business objectives.
• Supporting the people leaders in management of the broader team, including responsibility for oversight, training, and coaching of individual team members, both generally and in the context of specific transactions.
• Ensuring that business stakeholders and partners in Procurement are equipped with accurate and timely information to make informed decisions.

Benefits

• competitive salary
• incentive pay
• banking benefits
• a benefits program
• defined benefit pension plan
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed