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

The Procurement team provides sourcing support to business partners in executing on their priorities across all aspects of the third-party lifecycle, including advising on sourcing approaches, supporting supplier selection (e.g., RFPs), negotiating, and contracting. The Technology and Security Procurement team supports business partners across all technology support teams, as well as fraud, corporate security, and information security. As a Consultant in Procurement, you will manage end-to-end procurement activities focusing on indirect spend categories to support supplier-hosted software and IT services.

 

You will collaboratively define and resolve issues when internal clients present requests in a general or ambiguous manner, encouraging diverse perspectives and approaches. You will develop and provide a procurement approach and recommendations as part of advisory services to our internal clients, based on their business requirements and contract analysis. You will develop, 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. Plus, you will develop contract content (e.g., commercial terms and descriptive content) independently or in partnership with a legal resource and lead contract negotiations and secure authorizations for agreement execution.

 

At CIBC, we enable a work environment that is 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 will be remote.

 

How you’ll succeed

• Client Engagement & Relationship Management - Help clients meet their business goals by providing equitable service and value. Focus on each client experience and make every interaction meaningful, respecting and valuing diverse backgrounds. Establish and maintain healthy working relationships with business partners, suppliers, and peers. Develop 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 industry knowledge, innovations, and advancements in business practices and technologies.
• Influencing and Negotiations - Demonstrate effective influencing and negotiation skills by engaging with stakeholders at all levels, using a variety of communication styles. Manage contract drafting, negotiations, finalization, and approval processes. Comply with CIBC’s Procurement and Supplier Governance policies and processes.
• Problem Solving - Listen, ask questions, and put yourself in the client’s shoes. Take accountability for client issues, and collaborate with others to build inclusive and effective solutions.
• 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 at least 1 year of experience in procurement and/or supplier processes, or equivalent transferable skills and knowledge of formal sourcing principles. 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 required; candidates with diverse or non-traditional backgrounds are encouraged to apply.
• You have effective written and oral communication skills and a willingness to develop influencing and negotiating abilities, regardless of your communication style.
• You value people, find meaning in relationships, and foster an inclusive network of partners. You build trust through respect, authenticity, and a commitment to belonging.
• You put our clients first. You engage with purpose and the required level of urgency to find the right solutions. You strive to do what is right for clients, balancing dedication with well-being.
• 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 authentic self to work and you live our values—trust, teamwork, and accountability—while fostering an inclusive environment for all.

#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

Accountability, Communication, Contract Management, Contract Negotiations, Detail-Oriented, Procurement Contracts, Researching, Sourcing and Procurement, Supplier Management, Vendor Management