Sr. Manager, RFX Procurement

CIBC • Toronto, ON

7d • Hybrid

About The Position

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute. The mandate of Procurement is to provide sourcing and contracting services utilizing disciplined governance to enable CIBC to effectively execute against its business priorities. Procurement execute contracts for the supply of products and services used by CIBC with optimal balance of price, risk, quality and organizational impact. The Procurement team also provides support for CIBC Vendor management programs and CIBC’s purchasing and procurement applications. This role is within the Strategy, Procurement & Enterprise Projects (SPEP) department. As a Senior Manager RF(x) you will be part of a small team who act as a strategic advisors for go to market strategies to support procurement colleagues across multiple categories and business stakeholders to achieve their objectives providing exceptional and consistent sourcing and contracting services utilizing disciplined processes and governance to enable CIBC to effectively execute against its business priorities. As a Senior Manager for RFx you have a blend of strategic sourcing expertise, project management, and high-level stakeholder management. RFx initiatives drive efficiencies, cost savings, and risk mitigation throughout the end-to-end procurement process.

Requirements

• At least 8-10 years of procurement experience.
• A minimum of 7 years directly managing and facilitating RFx initiatives.
• Well-versed in supplier management processes and formal sourcing practices.
• Strategic problem solver and project leader.
• Skilled at stakeholder management and influencing.
• Analytical and financially savvy.
• Technically proficient.
• Advanced knowledge of e-Procurement tools (such as Coupa) and the Microsoft Office Suite, including complex Excel and PowerPoint usage.
• Experience leading and developing team members in procurement.
• Bring your real self to work, and you live our values - trust, teamwork, and accountability.

Nice To Haves

• Track record of driving 10-15% annual savings and achieving tangible value beyond price.
• Ability to operate in a fast-paced, high-impact, and sometimes ambiguous, environment.
• Exceptional written and verbal communication skills, with the ability to summarize complex data for executive review.
• Proven ability to develop, implement, and manage category strategies, including spend analysis, market research, and sourcing roadmaps.
• Use critical thinking, creativity, and sound decision-making to resolve challenges and deliver results.

Responsibilities

• Act as strategic advisors for go to market strategies to support procurement colleagues across multiple categories and business stakeholders to achieve their objectives.
• Provide exceptional and consistent sourcing and contracting services utilizing disciplined processes and governance to enable CIBC to effectively execute against its business priorities.
• Manage the entire RFx lifecycle, from initial scoping and requirements gathering to scorecard development, evaluations, support procurement negotiations, and provide stakeholder guidance throughout the process.
• Provide professional high-quality support to CIBC business owners and the extended proposal development teams that could include representatives across the organization.
• Build strategic relationships with key suppliers throughout the RFx process, monitoring supplier compliance and adherence to processes, validation of submission materials, ensuring fair and equitable practices are maintained throughout the RFx process.
• Help stakeholders meet their business goals by providing better service and value.
• 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.
• Manage multiple complex sourcing projects simultaneously.
• Drive process improvements and automation for greater efficiency.
• Identify and mitigate risks throughout the sourcing process.
• Partner effectively with internal stakeholders across IT, Business, Legal, Finance, and more to identify needs, build consensus, and communicate the value of procurement strategies to senior leaders.
• Perform spend, cost, and benchmark analysis to support fact-based decisions and guide stakeholders on variable models.
• Lead and develop team members in procurement.

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: Manager
• Education Level: No Education Listed