Senior Procurement Manager

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 mandate of Procurement is to provide strategic sourcing and contracting services utilizing disciplined governance to enable CIBC to effectively execute against its business priorities. Procurement is responsible for executing contracts for the supply of products and services used by CIBC in the United States, ensuring an 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.

As a Senior Procurement Manager, you will oversee and lead end-to-end sourcing opportunities to drive cost savings, process efficiencies, and risk mitigation. You will provide strategic leadership in contract negotiation, drafting, and administration, ensuring alignment with business objectives and compliance requirements. In this role within the US Procurement Team, you will focus on a broad range of spend categories, executing and implementing sourcing initiatives while guiding and mentoring team members.

CIBC we enable the work environment most optimal for you to thrive in your role. You'll have the flexibility to manage your work activities within a hybrid work arrangement where you'll spend 1-3 days per week on-site, while other days may be remote.

How You'll Succeed

• Strategic Relationship Management– Build and maintain strong partnerships with CIBC business leaders and cross-functional teams, providing high-quality support and guidance throughout the sourcing and contracting process. Act as a key liaison with internal stakeholders and suppliers, managing complex portfolios and fostering collaboration to achieve business goals.
• Executive Communication –Regularly engage with senior management and executive stakeholders to address sourcing and contracting needs, ensuring alignment with organizational priorities. Lead communications with suppliers to develop and implement sourcing strategies, and drive negotiations to successful contract execution.
• Negotiation Leadership– Develop and execute sophisticated negotiation strategies, demonstrating leadership in aligning business objectives with supplier agreements.Oversee contract negotiations, drafting, and administration, ensuring robust risk management and legal compliance.
• Governance and Administration - Ensure business stakeholders and procurement partners have access to accurate, timely information to support informed decision-making. Champion best practices in sourcing governance, contract management, and procurement operation.

Who You Are

• You can demonstrate a proven track record of capturing business requirements from diverse stakeholders and translating them into clear supplier requirements. You excel at managing internal and external clients, leading complex projects, and championing multiple sourcing initiatives concurrently.
• Contract Expert - You possess advanced skills in contract drafting and negotiation, with a strong understanding of legal terms and their implications in procurement agreements
• You love to learn. You are passionate about professional growth and continuously expanding your procurement knowledge.
• You understand that success is in the details. Your critical thinking and attention to detail inform your strategic decision-making and risk management capabilities.
• You give meaning to data. You enjoy analyzing complex problems, synthesizing information, and communicating insights in a clear, impactful manner.
• You're driven by collective success. You thrive in inclusive, team-oriented environments, leveraging collective strengths to drive organizational success.
• Values matter to you. You embody CIBC's core values of trust, teamwork, and accountability, bringing integrity and authenticity to your work every day.

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 innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

• Subject to plan and 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

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- 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.

Job Location

Toronto-81 Bay, 14th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Accountability, Banking, Contracting Strategies, Leadership