Sr. Analyst, Procurement

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.

To learn more about CIBC, please visit CIBC.com

What you'll be doing

As a Senior Analyst, Procurement you will be working within the newly formed Enterprise Market Data Services team which supports the global demand for CIBC. The focus of work is related to Market Data contracts and to provide specialized market data expertise to the Capital Markets business and other lines of business who require 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; and lead the negotiation strategy alignment and contract negotiations, as well as 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 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. Develops 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. This role works with Supplier Risk Stakeholders, Relationship Managers and Business Leads to ensure CIBC’s supplier management framework is implemented for low to medium risk or high spend suppliers under the scope of responsibility.

Risk Management & Industry Knowledge - Ensure the appropriate Governance is followed and adhered to for all contracts. Keep abreast of the market data industry knowledge, innovations and advancements in business practices and technologies.

Influencing and Negotiations – Be a strong influencer and negotiator with the ability to liaise with all levels of stakeholders. Manage contract drafting, negotiations and finalization, approval processes, etc. Comply with CIBC’s Procurement and Supplier Governance policies and process.

Problem Solving - 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 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 in. Procurement (minimum 1 year) and/or supplier processes, practices, tools and templates and principles of formal sourcing processes, and ability to apply these skills to market data services or you have a degree in Business and or recognized professional designation (e.g. SCMP, CSC), and knowledge of the financial services industry such as investments, trading, etc. It is an asset if you have previous market data/Capital Markets business. 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, superior analytical skills, influencing and negotiating skills sufficient to shape decision-making process on matters such as internal line of business usage, allocations, and contract negotiations.

You're passionate about peopl e. You find meaning in relationships, and surround yourself with a diverse network of partners. 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.

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.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit .

Job Location

Toronto-81 Bay, 14th Floor

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.

To learn more about CIBC, please visit CIBC.com

What you'll be doing

As a Senior Analyst, Procurement you will be working within the newly formed Enterprise Market Data Services team which supports the global demand for CIBC. The focus of work is related to Market Data contracts and to provide specialized market data expertise to the Capital Markets business and other lines of business who require 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; and lead the negotiation strategy alignment and contract negotiations, as well as 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 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. Develops 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. This role works with Supplier Risk Stakeholders, Relationship Managers and Business Leads to ensure CIBC’s supplier management framework is implemented for low to medium risk or high spend suppliers under the scope of responsibility.

• Risk Management & Industry Knowledge - Ensure the appropriate Governance is followed and adhered to for all contracts. Keep abreast of the market data industry knowledge, innovations and advancements in business practices and technologies.

• Influencing and Negotiations – Be a strong influencer and negotiator with the ability to liaise with all levels of stakeholders. Manage contract drafting, negotiations and finalization, approval processes, etc. Comply with CIBC’s Procurement and Supplier Governance policies and process.

• Problem Solving - 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 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 in. Procurement (minimum 1 year) and/or supplier processes, practices, tools and templates and principles of formal sourcing processes, and ability to apply these skills to market data services or you have a degree in Business and or recognized professional designation (e.g. SCMP, CSC), and knowledge of the financial services industry such as investments, trading, etc. It is an asset if you have previous market data/Capital Markets business. 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, superior analytical skills, influencing and negotiating skills sufficient to shape decision-making process on matters such as internal line of business usage, allocations, and contract negotiations.

• You're passionate about peopl e. You find meaning in relationships, and surround yourself with a diverse network of partners. 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.

• 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.

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit .

Job Location

Toronto-81 Bay, 14th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Accountability, Negotiation, Procurement, Relationship Management

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.

Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.

Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us. #J-18808-Ljbffr

---