Procurement Lead

6 days 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

As a Procurement Lead, you'll manage end to end procurement activities focusing on indirect spend categories to support supplier hosted software as well as IT services. You will define issues and resolve in an innovative way when our internal clients present requests in a general or ambiguous manner. You will create and deliver a procurement approach along with tailored recommendations as part of your advisory services to our internal clients based on their business requirements and contract analysis. You will design, 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. In addition, you will craft contract content (ex. commercial terms and descriptive content ) independently or in collaboration with a legal resource, lead contract negotiations and obtain authorizations for agreement execution.
- At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview._

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 adviser relationships and provide 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.
- 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 technologies.
- 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 4+ years of 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.
- Experience drafting various contract schedules (e.g., Scope of Work, SLA, etc.) is preferred but not necessary.
- You have strong written and oral communication skills and the desire to grow toward strong influencing and negotiating skills.
- Knowledge of ASP, SaaS or Cloud, and IT Services based contracts would be an asset.
- You're passionate about people. 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

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