Director, Procurement

Join to apply for the Director, Procurement role at CIBC 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 mandate of Procurement is to provide sourcing and contracting services utilizing disciplined governance to enable CIBC to effectively execute against its business priorities. Procurement executes 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 Technology and Security portfolio team. As a Director of Procurement you will: lead large complex contract negotiations create strong and positive working relationships with the business partners we support manage sourcing initiatives across multiple categories identify areas of opportunity through analyses of industries and supply markets analyze cost models for certain key products and services support the performance of key suppliers How You’ll Succeed Relationship Building – Provide high‑quality support to CIBC business owners and extended proposal development teams, liaison and interaction with internal stakeholders and suppliers. Communication – Interact regularly with line‑of‑business roles up to the Executive level to fulfill sourcing and contracting needs with suppliers and work closely with suppliers to finalize a sourcing deal under a contract. Negotiation strategy – Demonstrate leadership in negotiation strategy alignment and contract negotiations, securing authorizations for agreement execution. People Leader – Guide, inspire, and manage a team of Sourcing Professionals, prioritizing their professional development and well‑being while achieving CIBC’s organizational and performance goals. Administration – Ensure business stakeholders and partners in Procurement are equipped with accurate and timely information to make informed decisions. Who You Are Demonstrate experience capturing business requirements from internal stakeholders and translating them into clear supplier requirements. It’s an asset if you have proven project management related to procurement initiatives and technical writing skills related to requirements to be included in supplier contracts. Experience with Technology and Security suppliers would be an asset. Bold and accountable leader with experience developing and implementing strategic team goals and driving successful team performance through cross‑functional teams. Critical thinking skills to inform decision making and investigate complex problems. Communicate detailed information in an impactful way. Collaboration and inclusive team environment. Live CIBC values – trust, teamwork and accountability. What CIBC Offers 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. Spaces and technological toolkit to bring together great minds to create innovative solutions that make a difference for our clients. Cultivate a culture where you can express your ambition through initiatives like Purpose Day, a paid day off dedicated to invest in your growth and development. 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 CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise. Eligibility to work in the specified location(s) and a valid work or study permit. Assessment and skills tests may be requested. We use artificial intelligence tools during the recruitment process. Job Location Toronto-81 Bay, 14th Floor Employment Type Regular Weekly Hours 37.5 Skills Business Finance, Corporate Services, IT Vendor Management, Management Reporting, People Management, Procurement Services, Reporting and Analysis, Security Agreements, Strategic Objectives, Technology Contracts, Vendor Management, Vendor Relationships, Work Collaboratively #J-18808-Ljbffr