Senior Contracts Specialist

CIBC • Toronto, ON

7d • Hybrid

About The Position

The Contract Support Group supports CIBC’s Procurement Organization in the negotiation of its third party service provider contracts mitigating risk to CIBC. Reporting to the Director, Contract Services Group, you will use CIBC’s Supplier Risk Management framework to draft contracts, attend negotiation sessions and provide advisory support to the Procurement Organization and internal CIBC business partners on supplier contracts. A Senior Contracts Specialist is expected to manage a large number of medium to complex deals with competing priorities and be able to communicate status on workload with the Procurement Org team members that are being supported. 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.

Requirements

• Demonstrated experience in contracts management.
• At least 5 years of relevant experience in third-party contract management and negotiations in a regulated environment.
• Collaborative and motivated by collective success.
• Detail-oriented with strong critical thinking skills.
• Ability to influence and build relationships and networks.
• Self-starter.
• Legally eligible to work at the specified location(s) and, where applicable, must have a valid work or study permit.

Nice To Haves

• Formal education in Law.

Responsibilities

• Lead negotiations on medium to complex deals to ensure the right protections for CIBC.
• Use CIBC’s supplier risk management framework to draft appropriate contract language.
• Articulate CIBC’s position during contract redlines and negotiation.
• Prepare clear, concise risk summaries for review and acceptance by business partners.
• Provide insights, recommendations and strategic recommendations on contract negotiations based on CIBC’s supplier risk management framework and industry standards.
• Manage a portfolio of deals working closely with Procurement, business and supplier partners as well as internal risk stakeholders and any other cross functional CIBC teams to achieve successful execution.
• Forge strong relationships with CIBC’s various teams, by working with the business and internal partners, owning the end to end contracting process to deliver strong contracts with CIBC’s supplier partners.
• Synthesize complex analysis, findings and recommendations, then package key messages for senior executives.
• Partner, build confidence and influence multiple stakeholders at all levels across the organization.
• Deal with ambiguity.

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

What This Job Offers

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