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CIBC

Director, Procurement

CIBC
Posted a month ago
Toronto, Ontario, CA (Hybrid)

Key Details

Top Skills Required

Management ReportingContract NegotiationRelationship Building +17 more

Description

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

Procurement’s core mandateisleading the sourcing and contracting of third parties to deliver services to CIBC lines of business and functional groups, doing so in a manner that meets businessobjectiveswhile mitigating risks and maximizing benefits. TheInternationalProcurement Teamis responsible forsupportingCIBC Group Members inUS,UK, APAC, European, and Indianregions.As Director, you will primarilybe responsible formanagingthe Procurement service delivery to CIBCGroup Members in Europe, APAC, and the UK.This includes development and maintenance of a pipeline, developing and executing strategies with respect toparticular suppliers, services, and categories, and leading or overseeing complex initiativessuch aregulatory upliftsAdditionally, you will serve as thesenior Procurement contactto drive change management andincreaseregionaladoption of Enterprise Procurementpolicies and processesYou willworkwith your Senior Directorandyour peersto support the overall goals, targets, and strategic priorities of the team (including achieving savings, performance, and compliance targets and supporting transformational initiatives).Although you will not have direct reports, you willbe responsible forsupporting overall team management and overseeing the work of team members supporting your portfolio.

At CIBC we enable the work environment mostoptimalfor you to thrive in your role.You’llhave the flexibility to manage your work activities within a hybrid work arrangement whereyou’llspend 1-3 days per week on-site, while other days will be remote.

Howyou’llsucceed 

  • Relationship BuildingYou will developandmaintainrelationshipswith your peers,within your portfolio (executive and non-executive levels), risk group stakeholders, and suppliers.
  • Communication– You will interact on a regular basis with roles in the line of business up to and including the Executive level, for purposes of fulfilling thoseclientssourcing and contracting needs with suppliers. You willworkclosely with suppliers when implementing a sourcing strategy and work towardsfinalizinga sourcing deal with the supplier under a contract.
  • Sourcing andNegotiation strategy –Youdemonstrateleadership inthe development andexecutionsourcing andnegotiation strategies in alignment with businessobjectives.
  • Coach and MentorAlthough not a people leader role, you will support the people leaders in management of the broader team. This includes responsibility for oversight, training, and coaching of individual team members, both generally and in the context of specific transactions. In doing so, youwill work to build trust, foster collaboration, and create an inclusive, positive work environment.
  • Administration-Ensuring that business stakeholders and your partners in Procurementare equippedwithaccurateandtimelyinformation to make informed decisions.

Who you are

  • You candemonstrateexperience inall aspects of the sourcing lifecycle, including developing and refining sourcing opportunities, supplierselection(e.g., RFPs), negotiation, and contracting.
  • You are a bold and accountable leader.You have experience developingstrategic recommendations, securing leadership buy-in, and driving executionthrough cross-functional teams.
  • You understand that success isin the details. You notice things that othersdon't. Your critical thinking skills help to inform your decision making.As much as you are comfortable at the strategic and conceptual level, you are equally comfortable diving into the details to uncover opportunities and resolve issues.
  • You give meaning to data. You enjoy investigating complex problems and making sense of information.You'reconfident in your ability to communicate detailed information in an impactful way.
  • You'redriven by collective success. You know that collaboration can transforma good ideainto a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
  • Values matter to you.You bring your real self toworkand you live our values – trust,teamworkand accountability.

#LI-TA

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 [email protected]

  • CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

  • 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 test (such as simulation, coding, French proficiency).

  • We use artificial intelligence tools during the recruitment process. 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

Corporate Services, Management Reporting, Procurement Services, Reporting and Analysis, Strategic Objectives, Vendor Management, Vendor Relationships, Work Collaboratively

Job Details

Job Type
full time

Required Skills

Management ReportingContract NegotiationRelationship BuildingData AnalysisChange ManagementLeadershipSourcing StrategyTeamworkProcurementVendor RelationshipsCommunicationCompliance ManagementAccountabilityCorporate ServicesVendor ManagementReporting and AnalysisRisk MitigationStrategic SourcingStrategic ObjectivesCross-Functional Collaboration