Sr Analyst, Procurement

CIBC•Toronto, ON

2d•Hybrid

About The Position

As part of the Procurement team, you’ll support end-to-end procurement activities focusing on direct and indirect spend categories to support third-party engagements. As a Sr. Analyst, Procurement, you will be working within the Enterprise Market Data Services team, which supports the global demand for CIBC. Your primary focus will be on Market Data contracts and providing specialized market data expertise to the Capital Markets business and other lines of business requiring market data services. In this position, you will meet global business market data needs in a high-profile, strategic, rapidly evolving, and competitive environment. You will engage with your team and manager for support when required. You will develop and present procurement strategy recommendations as part of advisory service to our internal clients based on their business requirements and industry analysis. You will develop, negotiate, execute, and implement low to moderate/high complexity procurement initiatives while ensuring that CIBC risks are mitigated, and regulatory requirements & CIBC policies are adhered to. You will also develop contract content independently or in partnership with a legal resource, lead the negotiation strategy alignment and contract negotiations, as well as secure authorizations for agreement execution.

Requirements

Foundational market data and procurement experience.
Familiarity with key market data providers, types of market data services, and their importance to capital markets and financial institutions.
Comfortable working with data and synthesizing information from multiple sources to support procurement decisions and recommendations.
Strong communicator and collaborator.
Excellent written and oral communication skills.
Ability to build trust through respect and authenticity.
Adaptable to changing business needs and priorities.
Strong self-planning skills sufficient to plan own assignments according to general work plans.
Ability to multi-task, plan and meet timelines.
Analytical and detail-oriented.
Comfortable working with data, synthesizing information from multiple sources, and applying critical thinking to support procurement decisions and recommendations.
Eager to learn and grow.
Proactive about deepening knowledge of market data products, industry regulations, and the vendor landscape.
Motivated to strengthen influencing and negotiation skills.
Bring your real self to work, and live values - trust, teamwork, and accountability.
Legally eligible to work at the location(s) specified.
Accountability
Analytical Thinking
Communication
Contract Negotiations
Market Data
Microsoft Office
Operational Efficiency
Procurement

Nice To Haves

Experience working with market data contracts, vendors, or procurement in a financial services setting is an asset.
Experience drafting various contract schedules (e.g., Scope of Work, SLA, etc.) is helpful but not expected.
Eager to develop ability to analyze and interpret contract terms related to market data usage, licensing, and compliance.
Knowledge of technology services is also helpful but not expected.

Responsibilities

Support end-to-end procurement activities focusing on direct and indirect spend categories to support third-party engagements.
Focus on Market Data contracts and providing specialized market data expertise to the Capital Markets business and other lines of business requiring market data services.
Meet global business market data needs in a high-profile, strategic, rapidly evolving, and competitive environment.
Develop and present procurement strategy recommendations as part of advisory service to internal clients based on their business requirements and industry analysis.
Develop, negotiate, execute, and implement low to moderate/high complexity procurement initiatives while ensuring that CIBC risks are mitigated, and regulatory requirements & CIBC policies are adhered to.
Develop contract content independently or in partnership with a legal resource, lead the negotiation strategy alignment and contract negotiations, as well as secure authorizations for agreement execution.
Help internal clients meet their business goals by providing better service and value.
Focus on each internal client experience and make every interaction meaningful.
Establish and maintain healthy working relationships with business partners, suppliers, and peers.
Develop trusted advisor relationships and provide leadership and valued consulting advice to facilitate the effective management and completion of procurement initiatives.
Align procurement solutions with their business objectives.
Ensure CIBC’s supplier management framework is implemented for low to medium risk or high spend suppliers under the scope of responsibility.
Ensure the appropriate governance is followed and adhered to for all contracts.
Maintain a foundational understanding of market data products, vendors, and industry trends.
Stay current with innovations and advancements in market data business practices and technologies.
Manage contract drafting, negotiations and finalization, approval processes, etc.
Comply with CIBC’s Procurement and Supplier Governance policies and processes.
Listen, ask questions, and put yourself in the Line of Business’s shoes.
Act like an owner by taking accountability for issues, and know when to collaborate with others to build better solutions together.
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