Director, Procurement

CIBC • Toronto, ON

1d • Hybrid

About The Position

The Director, Procurement will be responsible for leading and overseeing strategic procurement, sourcing, and contracting initiatives across the Technology, Contact Centres, Data & AI portfolio. This role is accountable for managing a portfolio of functional groups, developing and executing sourcing strategies, and ensuring operational excellence in vendor management, governance, and compliance. The Director acts as a key relationship manager, providing strategic direction and advisory support to internal stakeholders and business partners, while fostering innovation and driving transformational initiatives aligned with CIBC’s strategic objectives.

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 dive into details to uncover opportunities and resolve issues.
• Ability to investigate complex problems and make sense of information.
• Confidence in ability to communicate detailed information in an impactful way.
• Understanding of the power of an inclusive team that enjoys working together to bring a shared vision to life.
• Values alignment with trust, teamwork, and accountability.

Responsibilities

• Manage a portfolio supporting Technology, Contact Centres, and Data & AI teams, including pipeline development, supplier strategy, and execution of complex sourcing and contracting initiatives.
• Lead the development and execution of sourcing and negotiation strategies to meet business objectives. Ensure adherence to CIBC’s Sourcing Methodology Process, resulting in well-negotiated contracts with robust governance and compliance.
• Build and maintain strong relationships with key technology and contact centre vendors. Collaborate with senior team members to support vendor management activities and ensure business unit engagement in supplier agreements.
• Develop and maintain relationships with executives, business leaders, risk group stakeholders, and suppliers. Act as a strategic advisor to internal clients, capturing business requirements and translating them into clear supplier deliverables.
• Support and advance sourcing initiatives through effective project management. Represent Procurement on committees and working groups, demonstrating expertise in sourcing strategies and operational effectiveness.
• Oversee the work of Procurement Leads and support broader team management. Provide training, mentorship, and guidance to team members, fostering collaboration and an inclusive work environment.
• Communicate regularly with CIBC executives and business leaders, providing impactful updates and influencing management decisions to achieve consensus and resolve complex issues.
• Ensure operational effectiveness and compliance for all sourcing-related initiatives. Implement procedures based on internal guidelines and proactively address issues identified by Governance, Compliance, and Internal Audit.

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