Sr. Consultant, Procurement

CIBC•Toronto, ON

6d•Hybrid

About The Position

As the Sr. Consultant in the Corporate Procurement team, you’ll manage end-to-end procurement activities for high-complexity engagements across a diverse portfolio, including Risk, Enterprise Real Estate, Marketing, Finance, HR, and other functional groups. You’ll lead transactions involving a range of service types, such as professional services, technology, and business process outsourcing (BPO) agreements. Your expertise in running complex requests for proposals (RFPs) and leading negotiations with multiple internal stakeholders will be essential to your success. You’ll develop and present procurement strategy recommendations, ensuring business requirements and industry insights inform your approach. In addition to executing and implementing procurement initiatives, you’ll take the lead in upskilling the team, especially in RFX processes, sharing your knowledge and fostering best practices. You’ll collaborate closely with legal resources to develop contract content and ensure CIBC’s risks are mitigated, regulatory requirements are met, and organizational costs are optimized.

Requirements

At least 5 years of experience in procurement, supplier processes, sourcing principles, and contract negotiation across various categories.
Skilled in drafting contract schedules (such as Scope of Work and SLAs) and negotiating contractual terms.
Relevant experience in procurement, supplier processes, sourcing principles, and contract negotiation.

Nice To Haves

Experience with professional services, technology, and BPO agreements.
Familiarity with IT Services, ASP, SaaS, or Cloud-based contracts.

Responsibilities

Manage end-to-end procurement activities for high-complexity engagements across a diverse portfolio.
Lead transactions involving professional services, technology, and business process outsourcing (BPO) agreements.
Develop and present procurement strategy recommendations.
Execute and implement procurement initiatives.
Lead efforts to upskill the procurement team, especially in RFX processes.
Collaborate with legal resources to develop contract content.
Build trusted advisory relationships with internal clients.
Provide leadership and consulting advice to drive the successful completion of procurement initiatives.
Align procurement solutions with business objectives.
Collaborate with Supplier Risk Stakeholders, Relationship Managers, and Business Leads to ensure CIBC’s supplier management framework is applied.
Ensure governance and compliance for all contracts.
Stay current on industry trends, innovations, and best practices across business and technology service types.
Demonstrate strong influencing and negotiation skills.
Engage effectively with stakeholders at all levels.
Lead contract drafting, negotiations, and approval processes.
Take accountability for client issues and collaborate to develop effective solutions.
Apply effective self-management practices to balance multiple concurrent projects and objectives.
Make informed decisions about prioritization and time allocation.
Share expertise in RFX processes and foster a culture of continuous improvement.