Sr Analyst, 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

As part of the Procurement team, you’ll support end-to-end procurement activities focusing on direct and indirect spend categories to support third-party engagements. As a Sr. Analyst, Procurement, you will be working within the Enterprise Market Data Services team, which supports the global demand for CIBC. Your primary focus will be on Market Data contracts and providing specialized market data expertise to the Capital Markets business and other lines of business requiring market data services. In this position, you will meet global business market data needs in a high-profile, strategic, rapidly evolving, and competitive environment. You will engage with your team and manager for support when required.

You will develop and present procurement strategy recommendations as part of advisory service to our internal clients based on their business requirements and industry analysis. You will develop, negotiate, execute, and implement low to moderate/high complexity procurement initiatives while ensuring that CIBC risks are mitigated, and regulatory requirements & CIBC policies are adhered to. You will also develop contract content independently or in partnership with a legal resource, lead the negotiation strategy alignment and contract negotiations, as well as secure authorizations for agreement execution.

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

• Client Engagement & Relationship Management - Help internal clients meet their business goals by providing better service and value. Focus on each internal client experience and make every interaction meaningful. Establish and maintain healthy working relationships with business partners, suppliers, and peers. Develop trusted advisor relationships and provide leadership and 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 for low to medium risk or high spend suppliers under the scope of responsibility.
• Risk Management & Industry Knowledge - Ensure the appropriate governance is followed and adhered to for all contracts. Maintain a foundational understanding of market data products, vendors, and industry trends. Stay current with innovations and advancements in market data business practices and technologies.
• Influencing and Negotiations - Be a strong influencer and negotiator with the ability to liaise with all levels of stakeholders. Manage contract drafting, negotiations and finalization, approval processes, etc. Comply with CIBC’s Procurement and Supplier Governance policies and processes.
• Problem Solving - Listen, ask questions, and put yourself in the Line of Business’s shoes. Act like an owner by taking accountability for issues, and know when to collaborate with others to build better solutions together.
• 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 have foundational market data and procurement experience. You are familiar with key market data providers, types of market data services, and their importance to capital markets and financial institutions. You are comfortable working with data and synthesizing information from multiple sources to support procurement decisions and recommendations. Experience working with market data contracts, vendors, or procurement in a financial services setting is an asset.
• You’re a strong communicator and collaborator. You have excellent written and oral communication skills, and you build trust through respect and authenticity. You thrive in a collaborative team environment and are adaptable to changing business needs and priorities.
• You can demonstrate 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 helpful but not expected. You are eager to develop your ability to analyze and interpret contract terms related to market data usage, licensing, and compliance. While prior experience in this area is helpful, it is not required. Knowledge of technology services is also helpful but not expected.
• You’re analytical and detail-oriented. You are comfortable working with data, synthesizing information from multiple sources, and applying critical thinking to support procurement decisions and recommendations. 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’re eager to learn and grow. You are proactive about deepening your knowledge of market data products, industry regulations, and the vendor landscape. You are motivated to strengthen your influencing and negotiation skills.
• 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

Accountability, Analytical Thinking, Communication, Contract Negotiations, Market Data, Microsoft Office, Operational Efficiency, Procurement