Sr. Consultant, Procurement

CIBC•Toronto, ON

1d•Hybrid

About The Position

The Sr. Consultant, Procurement manages the end to end procurement activities focusing primarily on software, Saas and IT Services. In this role, you will define issues, recommend an engagement and contract approach and resolve in an innovative way when a request is presented in an ambiguous manner. You work in a self-regulated manner and are responsible for the contract projects you are assigned including procurement research & strategy, vendor selection, deal negotiation, deal presentation, and the contract approval process. You will work with minimal direction with a mission to cut costs, minimize risks, and drive continuous improvement on moderate to high complexity projects. The Sr. Consultant co-ordinates the inputs of CIBC's legal resources, subject matter experts and the line-of-business to create a contract that sets both CIBC and the supplier up for success. You will develop contract content (ex. commercial terms and descriptive content) independently or in partnership with a subject matter expert. 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

3+ years of experience in procurement and/or supplier processes, practices, tools and templates and principles of formal sourcing processes.
Strong self-planning skills sufficient to plan your own assignments according to general work plans.
Ability to multi-task, plan and meet timelines.
Strong written and oral communication skills.
Desire to grow toward strong influencing and negotiating skills.
You are passionate about people.
You find meaning in relationships, and surround yourself with a diverse network of partners.
You build trust through respect and authenticity.
You support your team members and use each other as sounding boards.
You put our clients first.
You engage with purpose and the required level of urgency to find the right solutions.
You go the extra mile, because it’s the right thing to do.
Your influence makes an impact.
You know that relationships and networks are essential to success.
You inspire outcomes by making yourself heard.
You understand that success is in the details.
You notice things that others don't.
Your critical thinking skills help to inform your decision making.
Values matter to you.
You bring your real self to work and you live our values - trust, teamwork, and accountability.

Nice To Haves

Experience drafting various contract schedules (e.g., Scope of Work, Commercial Terms, etc.) is preferred but not necessary.
Knowledge of SaaS or Cloud, and IT Services based contracts would be an asset.

Responsibilities

Manage the end to end procurement activities focusing primarily on software, Saas and IT Services.
Define issues, recommend an engagement and contract approach and resolve in an innovative way when a request is presented in an ambiguous manner.
Work in a self-regulated manner and are responsible for the contract projects you are assigned including procurement research & strategy, vendor selection, deal negotiation, deal presentation, and the contract approval process.
Work with minimal direction with a mission to cut costs, minimize risks, and drive continuous improvement on moderate to high complexity projects.
Coordinate the inputs of CIBC's legal resources, subject matter experts and the line-of-business to create a contract that sets both CIBC and the supplier up for success.
Develop contract content (ex. commercial terms and descriptive content) independently or in partnership with a subject matter expert.
Help internal line-of-business clients meet their business goals by providing better service and value.
Focus on each client experience and make every interaction meaningful.
Establish and maintain healthy working relationships with business partners, suppliers, and peers.
Develop trusted adviser relationships and provide 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 by working with Supplier Risk Stakeholders, Relationship Managers and Business Leads.
Ensure the appropriate governance is followed and adhered to for all contracts.
Keep abreast of the industry knowledge, innovations and advancements in business practices and technologies.
Become a strong influencer and negotiator with the ability to liaise with all levels of stakeholders.
Manage contract drafting, negotiations and finalization and the approval processes.
Comply with CIBC’s Procurement and Supplier Governance policies and process.
Listen, ask questions, and put yourself in the client’s shoes.
Act like an owner by taking accountability for client issues, and know when to collaborate with others to build a better solution 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
a benefits program
defined benefit pension plan
an 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