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

The Vice-President, Procurement is accountable to lead the end-to-end procurement for CIBC, including all programs related to planning, supplier selection, negotiating, contracting, and purchasing across the enterprise. The role will be accountable for building procurement capabilities and competencies for CIBC, optimizing suppliers and contracting to ensure value for money, and ensuring all suppliers meet contractual obligations and relevant service level agreements. It is expected that the VP, Procurement will also manage the efficiency and effectiveness of the supply chain, ensuring risks are minimized and there are appropriate contingency plans in place with secondary suppliers where required.

As an organizational leader, this role champions:

CIBC employee experience principles:

Always professional… so our team members can excel and be their best professional self.

Radically simple… so our team members can focus on what they need to do and make an impact.

Genuinely caring… so our team members can feel valued for who they are and what they contribute.

CIBC leadership capabilities:

Envisions the future…to innovate purposefully to create new value and harness new capabilities in order to meet the evolving needs of our diverse stakeholders.

Inspires hearts and minds…to build an inclusive culture where we make bold choices, collaborate, and empower others to take chances and do what’s right for our stakeholders.

Drives action and impact, together…to align with urgency around what matters, making decisions with speed and always making a real difference.

What You’ll be Doing

Manage and monitor effective governance of all procurement initiatives, including the management of policies and frameworks, continuous improvement, and risk mitigation.

Manage and monitor consistent use of the procurement methodology in outsourcing initiatives that include but are not limited to: planning, supplier selection, negotiating, contracting, and purchasing.

Establish and maintain strong relationships and engagement practices with CIBC SBU and LOB leaders, external suppliers, and partners to ensure the stability of CIBC’s procurement function and supply chain.

Execute procurement initiatives that support requirements of internal business groups and managing project progress with external suppliers on CIBC’s behalf.

Ensure agreements with external business partners balance strategic advantage, price, product, and service quality.

Work with the various internal SBU and LOB leaders and external stakeholder groups to identify potential procurement or outsourcing opportunities.

Monitor country risk and make recommendation to senior management on best options for CIBC where international suppliers are engaged.

Develop and recommend business strategies for the group within the context of overall CIBC business strategies and plans. Refine, consolidate, and approve procurement strategies and business plans for each of the functional groups and the overall procurement group.

Implement the approved strategic direction, objectives, and business plans and ensure effective achievement of results for the procurement group.

Provide leadership and support to ensure quality delivery and cost effectiveness of the group’s services by ensuring adequate measurement of, and response to, client satisfaction, technological opportunities, expense management goals, and continuous improvement opportunities.

Deliver disciplined project management practices including, planning/scheduling, status reporting, tracking, and benefits realization to ensure that CIBC’s procurement goals and objectives are met.

Provide effective market analysis and benchmarking research to demonstrate value for money and leading procurement practices.

Proactively meet with executives to assist them with strategies to establish effective relationships with suppliers; build partnerships with various executives to establish effective co-management of strategic, high spend, mission-critical vendors.

Develop, implement, and manage a qualitative and quantitative supplier performance measurement and management program for CIBC’s suppliers.

Manage relationships with CIBC Legal and outsourced legal firms to ensure effective and efficient delivery.

Ensure that a strong control culture exists and is an accountability of everyone in the procurement organization.

What We’re Looking For

Strong leadership skills to initiate and respond to change and provide directions to the team within a transitional environment.

A client service focus, which emphasizes client service excellence, and respect for employees.

Strong practical and theoretical knowledge in the specialized area of accountability.

Strong financial management capabilities.

Strong internal relationship capabilities.

Team enabling skills to provide leadership for the development of teamwork, to maximize client service delivery across Capital Markets and Wealth Operations and the business.

Comprehensive knowledge of the practices, procedures, and principles relative to developing and managing new and innovative operations/processing service areas.

Strong strategic planning and project management skills to lead large projects while also responsible for day-to-day operations.

Ability to motivate in a large scale, high volume environment.

Sound knowledge of work measurement techniques and application.

Strong presentation and communication skills, both written and verbal, to promote and explain new and innovative ways of delivering operational/processing services, which have major impact on operations.

Strong negotiation skills and experience with supplier management.

Experience with Business Process Outsourcing from inception through implementation and ongoing governance.

Good understanding of operational processes/delivery systems.

Risk Management:  Knowledge of process, tools and techniques for assessing and controlling an organization's exposure to risks of various kinds.  Establishes key business-specific risk management benchmarks and governance.

Decision Making and Critical Thinking:  Ability to analyze situations fully and accurately, and reach productive decisions. Analyzes and discusses alternatives with multiple stakeholders.

Influencing:  Ability to impact decisions within and outside own organization. Demonstrates expert ability to influence at all levels of the organization.

Leadership:  Ability to work with a large group to set its objectives and agenda, generate allegiance to those objectives, and guide and motivate their achievement. Defines and consistently communicates organizational objectives, initiatives, and priorities.

Operations – Back Office:  Ability to implement the practices, processes, technology and applications associated with banking transaction processing and records management. Directs the activities and promoted services of a major operations department.

Compliance with all CIBC regulatory training and ensure these programs and policies are applied consistently across the business. The incumbent is personally responsible for compliance with all such regulatory and governance programs.

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

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 tests (such as simulation, coding, French proficiency, MS Office). 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.

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