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Senior Software Procurement Manager
3 months ago
Apply locations: Toronto, ON
Time type: Full time
Job requisition id:
At CIBC, we are committed to building a relationship-driven bank for the contemporary world. We seek talented and passionate professionals who prioritize doing what is right for our clients.
We recognize your strengths and ambitions, empowering you to make a significant impact at work. Our team members are valued for their unique contributions and capabilities.
Key Responsibilities
As the Senior Software Procurement Manager, you will oversee comprehensive procurement processes within the Technology Sourcing team, concentrating on indirect spending categories that support Cloud, ASP, SAAS, and related consulting agreements. You will identify issues and devise innovative solutions when clients present needs or requests in a vague manner. Additionally, you will formulate and present procurement strategy recommendations as part of advisory services tailored to clients' business requirements and industry insights. You will also lead the development, negotiation, execution, and implementation of moderately to highly complex procurement initiatives, ensuring compliance with CIBC's risk management and regulatory policies.
Your Contributions
- Client Engagement & Relationship Management: Assist clients in achieving their business objectives by delivering exceptional service and value. Focus on enhancing each client experience and establishing meaningful interactions. Build and maintain strong working relationships with business partners, suppliers, and colleagues, providing trusted advisory support for effective procurement management.
- Risk Management & Industry Knowledge: Ensure adherence to appropriate governance for all contracts while staying informed about industry innovations and advancements in business practices and technologies.
- Influencing and Negotiations: Demonstrate strong influencing and negotiation skills, effectively liaising with stakeholders at all levels. Manage contract drafting, negotiations, and approval processes while complying with CIBC's Procurement and Supplier Governance policies.
- Problem Solving: Actively listen, ask insightful questions, and empathize with clients. Take ownership of client issues and collaborate with others to develop optimal solutions.
- Manage Multiple Priorities: Employ effective self-management techniques to handle multiple concurrent objectives, projects, or activities, making informed judgments regarding prioritization and time allocation.
Who You Are
- You possess substantial experience as a software professional, with a minimum of 5-6 years in procurement negotiations with Tier One software suppliers and managing various enterprise agreements.
- Familiarity with general license grants, warranties, and IP indemnities relevant to enterprise software and services is essential.
- Proficient in procurement practices, tools, templates, and formal sourcing principles, with the ability to apply them across diverse categories and situations.
- You share knowledge of software best practices with junior team members.
- You enhance efficiencies, processes, and systems across Corporate Services to align with CIBC's business objectives.
- Strong self-planning skills enable you to organize your assignments effectively, with the capacity to multitask and meet deadlines.
- Proven experience in drafting various software contracts and schedules, with a history of negotiating contractual terms and conditions. You can translate business requirements into contract language and develop strategies into actionable plans.
- Excellent written and verbal communication skills, along with strong influencing and negotiation abilities, are vital for shaping decision-making processes in complex contract negotiations.
- Familiarity with supplier audits is advantageous.
- You analyze supplier and CIBC deal financials related to specific contracts and categories.
- You lead contract development and implementation efforts in collaboration with Legal and relevant stakeholders.
- You spearhead vendor negotiations, including business and commercial terms.
- You can conduct detailed contract gap analyses and effectively represent stakeholder inputs in contracts.
- Building and maintaining supplier relationships while driving improvements in cost, risk, and quality is a priority.
- You educate suppliers on CIBC's procurement policies and processes, fostering cooperative relationships.
- You represent client challenges with suppliers, resolving issues within the contractual framework and providing timely updates to business executives.
- Participation in quarterly business reviews with internal and external stakeholders is expected.
- You track cost-saving opportunities within the software portfolio and report findings to finance.
- Support for additional technology service opportunities, including professional services related to software implementations, is required.
Your Values
You are passionate about people, finding meaning in relationships and surrounding yourself with a diverse network of partners. You build trust through respect and authenticity. You prioritize client needs, engaging with purpose and urgency to identify the right solutions. Your influence drives impactful outcomes, as you understand the importance of relationships and networks for success. You recognize that success lies in the details, utilizing critical thinking to inform your decisions. Living by values such as trust, teamwork, and accountability is fundamental to your work ethic.
What CIBC Offers
At CIBC, your professional goals are our priority. We focus on your strengths and ambitions, striving to create opportunities that allow you to reach your full potential. We aim to provide you with a fulfilling career rather than just a paycheck.
- We recognize your contributions in meaningful ways, including competitive salaries, incentive pay, banking benefits, a comprehensive benefits program, a defined benefit pension plan, an employee share purchase plan, vacation offerings, wellbeing support, and our social recognition program.
- Our collaborative spaces and technological tools facilitate the gathering of great minds to develop innovative solutions that positively impact our clients.
- We foster a culture that encourages you to express your ambitions through initiatives like Purpose Day, a paid day off dedicated to your growth and development.
Important Information
- CIBC is dedicated to creating an inclusive environment where all team members and clients feel a sense of belonging. We welcome applicants with diverse abilities and provide an accessible candidate experience.
- You must be legally eligible to work in the specified locations and, where applicable, possess a valid work or study permit.
- You may be required to complete an attribute-based assessment and other skills tests as part of the application process, allowing us to better understand your qualifications and provide you with insights about our organization.
Job Location: Toronto-81 Bay, 14th Floor
Employment Type: Regular
Weekly Hours: 37.5
Skills: Contract Management, Contract Negotiations, Procurement, Software Services
At CIBC, we are committed to helping our clients, employees, and shareholders achieve their important goals. Our ability to create value for all stakeholders is driven by a culture based on shared values: Trust, Teamwork, and Accountability.
Working with CIBC means being part of a dedicated environment focused on our clients, employees, and communities—a place where you can thrive. Our 44,000 employees work daily to help clients achieve their financial aspirations because what matters to our clients is our priority.
