Vendor Management Consultant,

2 months ago

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

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.

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, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client, and to do it well. As part of our team, you will:

- Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and at home
- Connect: Work in a place where the right technology and infrastructure fosters innovation, collaboration and creativity
- Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training
- Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits program, and employee share purchase plan.

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

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