What you'll be doing

Procurement's core mandate is leading 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 business objectives while mitigating risks and maximizing benefits. The International Procurement Team is responsible for supporting CIBC Group Members in US, UK, APAC, European, and Indian regions. As Director, you will primarily be responsible for managing the Procurement service delivery to CIBC Group Members in Europe, APAC, and the UK. This includes development and maintenance of a pipeline, developing and executing strategies with respect to particular suppliers, services, and categories, and leading or overseeing complex initiatives such a regulatory uplifts. Additionally, you will serve as the senior Procurement contact to drive change management and increase regional adoption of Enterprise Procurement policies and processes. You will work with your Senior Director and your peers to 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 will be responsible for supporting overall team management and overseeing the work of team members supporting your portfolio.

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 - You will develop and maintain relationships with 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 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.
• Sourcing and Negotiation strategy - You demonstrate leadership in the development and execution sourcing and negotiation strategies in alignment with business objectives.
• Coach and Mentor - Although 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, 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 all aspects of the sourcing lifecycle, including developing and refining sourcing opportunities, supplier selection (e.g., RFPs), negotiation, and contracting.
• You are a bold and accountable leader. You have experience developing strategic recommendations, securing leadership buy-in, and driving execution 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. 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'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.

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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

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