Consultant, Vendor Management

4 weeks ago

Old Toronto, Canada CIBC Full time

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
The Consultant, Vendor Management is responsible for supporting the Director, Business Effectiveness to manage the development, procurement, negotiation and execution of contracts and contractual documentation. The role acts as a resource integrator for their area, regularly communicating with business leaders to understand business goals regarding the short term and long term strategy and vendor needs. The Consultant, Vendor Management applies advanced concepts to support the development of a vendor management framework to manage CIBC-vendor relationships on a consistent basis. The role uses independent judgement to determine methods and approaches to work, participating in monthly business review meetings with vendors and actively monitoring, reviewing, and reporting on vendor governance activities.
How You’ll Succeed
  • Contract Management and Governance - Enforce contractual obligations and ensure that there is Governance oversight in managing and executing the contracts and contract deliverables. Work closely with Corporate Services and Legal for any Contract amendments, renewals, Statement of Work, contract negotiations etc. Manage, support and coordinate any audit related activities i.e. Association Audit, Internal audit, OSFI, External Audit, SOX, Litigation etc. Lead and facilitate meeting with Vendors and Business Stakeholders. Lead and facilitate Contract attestations for all RBSS/CIBC Vendors.
  • Financial Management - Manage budget, contract cost etc. and provide financial reporting. Lead in cost savings / avoidance opportunities, areas of efficiencies, streamlining, financial models etc. Manage LE exercises on a quarterly basis, monthly variance analysis, spend and cost analysis, accrual management, Forecast / Estimates etc. as required. Create monthly financial reporting for senior management. Provide oversight and present to senior management on areas of opportunities, areas of concern, solutions etc. Manage specific contractual financial arrangements regarding invoices, prepayments, incentives, credits, penalties etc.
  • Issues and Daily Operations Management - Support the daily operations of vendor processes. Provide direct support work for day-to-day needs to internal stakeholders who have vendor requirements (application development, fraud etc.). Consult and coordinate initiative and project changes with the various stakeholders and Vendors. Evaluate the governance and contractual impacts of issues and report / escalate to senior management as necessary.
  • Business Management - Support other business management activities as required.

Who You Are

  • You have a post-secondary degree in business, law and/or information systems.
  • You can demonstrate experience in managing multiple activities of varying complexity. You also have strong conceptualization, accounting and business analysis skills. Knowledge of Banking/Finance, Technology or Legal would be an asset.
  • 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.
  • You act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results.
  • Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
  • 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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs 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.

*Subject to 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 ***************@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
  • We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Expected End Date

2025-01-31

Job Location

Toronto-81 Bay, 33rd Floor

Employment Type

Temporary (Fixed Term)

Weekly Hours

37.5

Skills

Business Management, Contracts, IT Governance, Legal Practices, Negotiation, Risk Management, Vendor Management

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