What you’ll be doing

The Procurement team provides sourcing support to business partners in executing on their priorities across all aspects of the third-party lifecycle, including advising on sourcing approach, supporting supplier selection methodologies (e.g., RFPs), negotiating, and contracting. The team supports a variety of lines of businesses including Commercial Banking, Wealth Management, Capital Markets, Infrastructure Operations, Enterprise Architecture and Artificial Intelligence.

As a Procurement Consultant, you will manage the end to end procurement activities focusing on indirect spend categories to support the aforementioned lines of businesses. You will define issues and resolve in an innovative way when our internal clients present requests in a general or ambiguous manner. You will develop and provide a procurement approach and recommendations as part of advisory service to our internal clients based on their business requirements and contract analysis. You will develop, negotiate, execute and implement low to moderate complexity procurement contracts, while ensuring that CIBC risks are mitigated and regulatory requirements & CIBC policies are adhered to. Plus, you will develop contract content (ex. commercial terms and descriptive content ) independently or in partnership with a legal resource and lead the contract negotiations and secure authorizations for agreement execution.

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.

How you’ll succeed

• Client Engagement & Relationship Management –Help 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. Develops trusted advisor relationships and provide valued consulting advice to facilitate the effective management and completion of procurement initiatives. Align procurement solutions with the business objectives. This role works with Supplier Risk Stakeholders, Relationship Managers and Business Leads to ensure CIBC’s supplier management framework is implemented.
• Risk Management & Industry Knowledge- 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 operations.
• Influencing and Negotiations –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.
• Problem Solving -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.
• Manage Multiple Priorities -Use effective self-management practices to manage multiple concurrent objectives, projects, groups, or activities, making effective judgments as to prioritizing and time allocation.

Who you are

• You can demonstrate experience in procurement and/or supplier processes, practices, tools and templates and principles of formal sourcing processes. You maximize efficiencies, processes and systems to meet CIBC business goals. You have strong self-planning skills sufficient to plan your own assignments according to general work plans; ability to multi-task, plan and meet timelines. You have strong written and oral communication skills and the desire to develop strong influencing and negotiation skills. Experience drafting various contract schedules (e.g., Scope of Work, SLA, etc.) is preferred but not necessary. Knowledge of back office operations, offshoring and outsourcing services based contracts would be an asset.
• You're passionate about people You find meaning in relationships, and build centers of influence. You build trust through respect and authenticity.
• 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.
• 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.