Sr. Consultant, 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 a Senior Consultant in Procurement, you'll manage end-to-end procurement activities within the Sourcing Team, focusing on CIBC’s Capital Markets business and the Enterprise Market Data team. You'll play a pivotal role in supporting client needs, handling requests and projects—even those that are general or ambiguous—by defining issues and delivering innovative solutions. You'll develop and present procurement strategy recommendations tailored to business requirements and informed by industry analysis. Leading and executing moderate to high complexity procurement initiatives, you'll create requests for proposals (RFPs) and other supplier evaluation tools, ensuring CIBC risks are mitigated and all regulatory requirements and CIBC policies are followed. You'll provide specialized support for procurement activities related to Capital Markets operations and enterprise market data, aligning with business needs and regulatory frameworks. Additionally, you'll develop contract content, lead negotiation strategy alignment and contract negotiations, secure necessary authorizations, and ensure successful implementation of procurement initiatives. Your expertise will help navigate complex procurement scenarios and support CIBC’s operations within a dynamic and highly regulated environment.

 

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 – Support clients in achieving their business goals by providing exceptional service and value. Build meaningful relationships with business partners, suppliers, and peers, acting as a trusted adviser and delivering valued consulting advice to facilitate effective procurement management. Align procurement solutions with business objectives and implement CIBC’s supplier management framework for medium to high risk or high spend suppliers.
• Risk Management & Industry Knowledge – Ensure all contracts adhere to appropriate governance. Maintain a foundational understanding of Capital Markets, market data, and industry trends. Stay current with innovations and advancements in market data business practices, technologies, and vendor landscape.
• Influencing and Negotiations – Demonstrate strong influencing and negotiation skills, liaising with all levels of stakeholders. Manage contract drafting, negotiations, finalization, and approval processes while complying with CIBC’s Procurement and Supplier Governance policies.
• Problem Solving – Listen actively, ask insightful questions, and approach challenges from the client’s perspective. Take accountability for client issues and collaborate with others to develop effective solutions.
• Manage Multiple Priorities – Apply effective self-management practices to handle multiple concurrent objectives, projects, and activities. Make informed judgments about prioritization and time allocation.

 

Who you are

• You have extensive procurement experience. You bring at least 5 years of experience in procurement and supplier processes, practices, tools, and principles of formal sourcing. You apply these skills across various categories and circumstances, maximizing efficiencies and systems to meet CIBC business goals. You have strong self-planning skills, experience drafting contract schedules (such as Scope of Work and SLAs), and have negotiated contractual terms and conditions. You’re skilled at developing strategy and converting it into actionable plans.
• You have industry knowledge. Experience in procurement within the financial industry or exposure to market data, Capital Markets, and related trends is a strong asset. At minimum, you possess a foundational understanding of Capital Markets and the importance of market data.
• You're passionate about people. You value relationships and build trust through respect and authenticity, maintaining a diverse network of partners.
• You put our clients first. You engage with purpose and urgency to find the right solutions, consistently going the extra mile.
• Your influence makes an impact. You understand the importance of relationships and networks, inspiring outcomes by making your voice heard.
• You understand that success is in the details. Your critical thinking skills and attention to detail inform your decision-making process.
• 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

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