Director, Procurement

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 mandate of Procurement is to provide sourcing and contracting services utilizing disciplined governance to enable CIBC to effectively execute against its business priorities. Procurement executes contracts for the supply of products and services used by CIBC with 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. This role is within the Technology and Security portfolio team. As a Director of Procurement you will: lead large complex contract negotiations; create strong and positive working relationships with the business partners we support; manage sourcing initiatives across multiple categories; identify areas of opportunity through analyses of industries and supply markets; analyze cost models for certain key products and services; and support the performance of key suppliers.

At 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 will be remote.

How You’ll Succeed

• Relationship Building – By providing professional high-quality support to CIBC business owners and the extended proposal development teams that could include representatives across the organization. You will liaise and interact with internal 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 those clients sourcing and contracting needs with suppliers. You will work closely with suppliers when implementing a sourcing strategy and work towards finalizing a sourcing deal with the supplier under a contract.
• Negotiation strategy – You demonstrate leadership in negotiation strategy alignment and contract negotiations, as well as securing of authorizations for agreement execution.
• People Leader - You will guide, inspire, and manage a team of Sourcing Professionals by prioritizing their professional development and well-being while achieving CIBC's organizational and performance goals. You will work to build trust, foster collaboration, and create an inclusive, positive work environment.
• Administration - Ensuring that business stakeholders and your partners in Procurement are equipped with accurate and timely information to make informed decisions.

Who You Are

• You can demonstrate experience in being able to capture business requirements from various internal stakeholders and translating them into clear and concise supplier requirements. It’s an asset if you have proven project management related to procurement initiatives and technical writing skills related to requirements to be included in supplier contracts. Experience with Technology and Security suppliers would be an asset.
• You are a bold and accountable leader. You have experience developing and implementing strategic team goals. You have experience driving successful team performance through cross-functional teams.
• 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.
• You give meaning to data. You enjoy investigating complex problems and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
• You're driven by collective success. You know that collaboration can transform a good idea into 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 to work and you live our values – trust, teamwork and 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 Mailbox.careers-carrieres@cibc.com

• 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

Business Finance, Corporate Services, IT Vendor Management, Management Reporting, People Management, Procurement Services, Reporting and Analysis, Security Agreements, Strategic Objectives, Technology Contracts, Vendor Management, Vendor Relationships, Work Collaboratively